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Federal Reserve launches QE3
CNN ^ | 9/13/12 | Annalynn Censky

Posted on 09/13/2012 11:04:20 AM PDT by KansasGirl

NEW YORK (CNNMoney) -- The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy.

The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air, as the Fed will re-evaluate the strength of the economy in coming months.

The Fed is wasting no time. The purchases begin Friday and are expected to total about $23 billion over the remainder of September.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: 2012; bhoeconomy; economy; qe3

1 posted on 09/13/2012 11:04:21 AM PDT by KansasGirl
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To: KansasGirl

Oh great, here is a new stimulus with your money, how did the last one workout?


2 posted on 09/13/2012 11:08:05 AM PDT by ully2
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To: KansasGirl

Print That Money !!!!!!!!!


3 posted on 09/13/2012 11:08:29 AM PDT by molson209
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To: KansasGirl
"Hey Ben! I Gotta Have It!"


4 posted on 09/13/2012 11:08:32 AM PDT by Uncle Miltie (You didn't build that. The private sector is doing fine. We tried our plan and it worked.)
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To: KansasGirl
The Federal Reserve announced plans to unleash more stimulus Thursday

Followed by massive inflation !

It is time to remove the "Occupy White House" crowd !


5 posted on 09/13/2012 11:09:16 AM PDT by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your teaching is my delight.)
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To: KansasGirl

Instant 2% rise......... merely the beginning

6 posted on 09/13/2012 11:09:56 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: KansasGirl
Oh goodie !

more "Hair of the Dog" to throw to the easy money usery interest addicts !

meanwhile, the capitalists continue to flee the sinking ship

7 posted on 09/13/2012 11:11:45 AM PDT by KTM rider
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To: KansasGirl

Hey, why wouldn’t this be a good idea? I mean it is like using a credit card to pay off your other credit card. That always works, right?


8 posted on 09/13/2012 11:12:13 AM PDT by Anti-Hillary (Barry, Barry quite contrary, how does your government grow?...)
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To: KansasGirl

People always act like this doesn’t affect them because it some nebulous outfit called the FED doing it so it must be them that are losing money on this deal. BUT...it is us paying the bill. Through inflation every single dollar you own is losing value to pay for this “rob Peter to pay Paul” scheme. When do we get to riot??? why does everyone else get to have fun and riot but we have to bend over and take it?


9 posted on 09/13/2012 11:18:51 AM PDT by LivingNet
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To: KansasGirl

Did they break a bottle of champagne across the bow first?


10 posted on 09/13/2012 11:19:36 AM PDT by PBRSTREETGANG
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To: KansasGirl
Bernanke Joins Obama Reeelection Team


11 posted on 09/13/2012 11:21:40 AM PDT by Iron Munro ("In any compromise between good and evil, it is only evil that can profit." - Ayn Rand)
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To: KansasGirl

Idiots.


12 posted on 09/13/2012 11:22:11 AM PDT by SoFloFreeper
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To: SoFloFreeper

We knew it was comming. Maybe some Freepers will finally stop this continued bashing of Gold as an investment.


13 posted on 09/13/2012 11:24:39 AM PDT by Gadsden1st
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To: KansasGirl
"Full speed ahead"

- Captain Edward White, RMS Titanic

14 posted on 09/13/2012 11:28:03 AM PDT by JPG (Make it happen.)
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To: KansasGirl

We’re In the Money!
from 42nd Street Soundtrack

Annie, Peggy, Lorraine, Phyllis, Billy and Ensemble:
- I got it!
- Well, what is it?
- A penny, a nickel...
- You got hold yo’ horses and let me get the dough off!
A dime!

We’re in the money,
We’re in the money;
We’ve got a lot of what it takes to get along!
We’re in the money,
The sky is sunny;
Old Man Depression, you are through,
You done us wrong!

We never see a headline
‘Bout breadline, today,
And when we see the landlord,
We can look that guy right in the eye .

We’re in the money
Come on, my honey
Let’s spend it, lend it,
Send it rolling around!

All:
We’re in the money,
We’re in the money;
We’ve got a lot of what it takes to get along!
We’re in the money,
The sky is sunny;
Old Man Depression, you are through,
You done us wrong!

We never see a headline
‘Bout breadline, today,
And when we see the landlord,
We can look that guy right in the eye.
Look that guy right in the eye-
Look that guy right in the eye-

We’re in the money
Come on, my honey
Let’s spend it, lend it, send it-
Let’s spend it, lend it, send it
Rolling, rolling-
Rolling around!

—Additional Verse:

Gone are my blues,
And gone are my tears;
I’ve got good news
To shout in your ears.
The silver dollar has returned to the fold,
With silver you can turn your dreams to gold.


15 posted on 09/13/2012 11:30:07 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: KansasGirl

I just keep trying to imagine how our founding fathers are rolling in their graves (or wherever) at the mess we’ve made of our country. Electing an anti-American, ineligible, closet Muslim. Handing the keys to our treasury and our fate over to an elite group called “The Fed”. Allowing millions of innocent lives to be taken in abortions every year and then forcing taxpayers to pay for it. Allowing the God-less left to remove God from every aspect of our lives.

It’s all just overwhelming to consider how far we have fallen. Come to think of it....maybe we ARE too damned stupid to deserve to survive as a nation.


16 posted on 09/13/2012 11:30:26 AM PDT by XenaLee (The only good commie is a dead commie.)
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To: KansasGirl

If I have checks , I have money!
thanks , Helicopter Ben!


17 posted on 09/13/2012 11:46:44 AM PDT by TurboZamboni (Looting the future to bribe the present)
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To: KansasGirl

QE1, QE2, QE3...QE184 are not about stimulating the economy. They are all about “buying” government debt to paper over the annual deficits. The world’s credit markets are not and never were able to absorb the $1.6 trillion annually dumped on it by the United States Treasury. What cannot be sold to the Chinese and Saudis is now being “sold” to the Fed, who just prints the money to “pay” for it.

It’s pretty much how the Germans financed World War 1, and we all recall where that led them by 1923.


18 posted on 09/13/2012 11:48:43 AM PDT by henkster (With Carter, the embassy staff was still alive.)
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To: KansasGirl

The Greeks are going on a general strike. We the taxpayers should do the same. Shut the country down, pull your money out of the bank. Hell, the economy is about to collapse anyway. Might as well trash it now.


19 posted on 09/13/2012 11:57:49 AM PDT by fatnotlazy
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To: fatnotlazy
I agree. The government is hell bent on making our currency worthless. Hard to believe that more than half of this country doesn't recognize that this is a socialist ploy.

When the SHTF, I hope our leaders are held accountable, even to the gallows.

20 posted on 09/13/2012 12:06:04 PM PDT by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
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To: KansasGirl
The Federal Reserve announced plans to unleash more stimulus Thursday...

Stimulus?? The only way they could produce stimulus is by passing out big bags full of viagra to the male members of congress...and that might not even work. So many of them are brain dead, it makes you wonder what else is dead, too.

21 posted on 09/13/2012 12:13:09 PM PDT by GoldenPup (Comrade "O" has got to GO!!)
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To: KansasGirl
"entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air"

Yeah, those MBS's were a great investment back in 2007...

and Fannie and Freddie already sopped up most of junk on the balance sheets for the "too big to fail" banks.

22 posted on 09/13/2012 12:15:47 PM PDT by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: KansasGirl

23 posted on 09/13/2012 12:21:53 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: KansasGirl

These people are destroying America and our economy, making it impossible to invest or hire new employees....
Since they keep doing it to make things worse and worse, there’s no avoiding the conclusion that it is a deliberate plan.
Either get out and campaign really hard and vote and get all your friends to vote this November, or dig your bunker and try to hide as long as you can when the final melt-down comes. (And it could come any day, given the government’s current policies....)


24 posted on 09/13/2012 12:32:28 PM PDT by faithhopecharity
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To: KansasGirl

QE3 will add some octane boost to your portfolio all the while robbing your dollar of spending power. It really doesnt help the little guy or the pension investor at all. Ill try to fake excitement watching my gains go up...whee doggies


25 posted on 09/13/2012 12:58:08 PM PDT by Gasshog
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To: KansasGirl

$40 billion a month is $480b a year!!

The economy is $15,090 billion a year. This is 3.2% of GDP!

Without QE, the official numbers would show recession.

WE ARE IN A RECESSION, FOLKS!

Romney/Ryan, is your staff reading this? Please get the word out to the sheeple during the debates.


26 posted on 09/13/2012 1:15:20 PM PDT by AlanGreenSpam (Obama: The First 'American IDOL' President - sponsored by Chicago NeoCom Thugs)
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To: molson209

Years ago I saw a movie with Wallace Beery playing Poncho Villa. When told they were out of money his reply was “We’ll print some more.”


27 posted on 09/13/2012 2:16:42 PM PDT by Terry Mross
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