Fed to launch QE3 by buying mortgage securities

Market Watch ^ | 9-13-2012

[tapatio]

WASHINGTON (MarketWatch) — The Federal Reserve, worried that improvement in the unemployment rate has stalled, announced a third large purchase of bonds on Thursday in an effort to bring down long-term interest rates and spur growth.

[RckyRaCoCo]

[mountainlion]

So how long will it take to double prices on everything again?

[grobdriver]

About 10 minutes.

[tapatio]

Excerpt is wrong @ you tube. Please click on Market Watch link. Sorry.

[Logical me]

The Federal Reserve is nothing more than part of our communists leadership. The market soon will crash under it’s fake money and we will be in a depression worst than the thirties>

[rarestia]

Oh this is gonna be awesome!

Need to put Obama’s head on the body of a Satyr with a pan flute skipping down Pennsylvania Ave engulfed in flames.

[Vaduz]

More fuel on the fire.

[liberalh8ter]

Because the first bubble burst wasn’t devastating enough?

[Obadiah]

This is going to end badly.

[concerned about politics]

Correct me if I'm wrong, but I thought I heard RUSH say Romney asked them not to do this.There's a better way.

Throwing more money at the problem never works, especially since we've already thrown 5 trillion away like trash.

Maybe, just maybe, Oboma is crashing the U.S. economy on purpose - finishing the job his muslim brothers failed to do on 9/11. There's no excuse for him to do so many stupid things without knowing exactly what he's doing.

[Atlas Sneezed]

[cashless]

Shouldn't the headline be something like, “Bernanke insures big donors for Obama keep getting raises and bonuses, in order to keep his job”?

This is not going to end well. Not well at all.

[cableguymn]

Just today they raised the price on my daily dose of soda.. yesterday 2 20oz bottles where 2.50.

Today, same 2 20oz bottles 2.75.

FUBO FUBB

But hey, gas went down a penny to 3.98.. so I guess it’s all relative /s

[oldbrowser]

It doesn't work. In some sort of left handed way what is happening is that the Fed is nationalizing the private bank accounts, pensions, and wealth of the citizens.

By printing funny money and causing inflation they are taking the value out of the pockets of the citizenry in an attempt to preserve the status quo.

The economy, which is really the people, are not going to invest in the vision of this brain dead administration. They will hold whatever little wealth they have until they get a government they can trust.

[Flavious_Maximus]

When they monetize the federal debt like this, they are essentially stealing all the money from people who save. So you might as well spend all the cash you have now because soon the purchasing power of those dollars will be a fraction of what they are now. I suggest using your cash to buy non perishables like arms and ammunition, buckets of rice, wheat and beans, gold and silver coins etc.

[tapatio]

Shouldn't the headline be something like, “Bernanke insures big donors for Obama keep getting raises and bonuses, in order to keep his job”?

Yep!

[American Constitutionalist]

$ 6 for a loaf of bread now ?

Are you better off financially and security wise than you were 4 years ago America ?

HELL NO !

[onyx]

Hyperinflation is Virtually Assured – John Williams - 9/12/12

The Federal Reserve is talking about “unlimited QE,” or money printing, to boost employment. Economist John Williams says, “That’s absolutely nonsense. The Fed is just propping up the banks.” Williams says, “You’re likely going to see a dollar sell-off . . . That should evolve into hyperinflation.”

Williams, “Doesn’t see the current system holding together without hyperinflation beyond 2014.” He contends the real annual deficit is “$5 trillion per year” and says, “That’s beyond containment.” Williams predicts, “Hyperinflation is virtually assured because the Fed doesn’t have any options left.” Williams says people should get prepared because we are facing a “man-made disaster.”

[concerned about politics]

They will hold whatever little wealth they have until they get a government they can trust.

If Oboma manages to get another 4 years, we're going to see a hording of everything. People are going to be digging fox holes everywhere. We have preppers from his first (and hopefully last) 4 years already, but we haven't seen anything yet. 4 more years, and the U.S. is a goner. Oboma will have pulled it off without a niche.