Skip to comments.Governor Palin: QE3 is Upon Us
Posted on 09/13/2012 1:10:51 PM PDT by Bratch
Governor Palin has been warning us about this. Via Facebook:
President Obama is clearly revealing his rapid loss of any grip on the economic and security issues that are of utmost importance to our country. His economic and foreign policy blunders are manifesting chaos. On the same day when we see more chaos erupting in the Middle East and President Obama declaring that Egypt is no longer considered our ally, the Federal Reserve announced that it will spend $40 billion a month to purchase mortgage-backed securities with no end date set. QE3 is upon us.
In a speech nearly two years ago, I asked: If [QE2] doesnt work, what do we do then? Print even more money? Whats the end game here? Where will all this money printing on an unprecedented scale take us? Do we have any guarantees that QE2 wont be followed by QE3, 4, and 5, until eventually inevitably no one will want to buy our debt anymore? What happens if the Fed becomes not just the buyer of last resort, but the buyer of only resort?
As predicted, QE3 is upon us. Is it any wonder that the dollar is down against major currencies? This temporary, artificial economic stimulus bought at the expense of high inflation is no substitute for a stable currency and genuine long-term economic recovery. This is what happens when big government centralized planners try to plan our economy. President Obama is no doubt happy, though, that this latest sugar fix comes 53 days before the election.
- Sarah Palin
armed with nothing more then a keyboard and her wit... this lady exposes the left for the amateurs they are
even an empty chair would wither under this truth
Printing paper money always has been a problem for leaders who prized individual liberty and opportunity for citizens over outright lust for power for themselves.
Readers of this thread may be interested in the following quotations on the subject from "Our Ageless Constitution." Dr. Edwin Vieira, who contributed to that volume, has written extensively on the Founders' protections for liberty through their provisions for a sound money system. A search of his books and writings provide a great resource for understanding the dangers of paper money, and the wonderful protections of the Founders' system.
"Paper is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted."
". . . although the other nations of Europe have tried and trodden every path of force or folly in fruitless quest of the same object, yet we still expect to find in juggling tricks and banking dreams, that money can be made out of nothing. . . The misfortune is. . . we shall plunge ourselves in unextinguishable debt, and entail on our posterity an inheritance of external taxes, which will bring our government and people into the condition of those of England, an nation of pikes and gudgeons, the latter bred merely as food for the former."
"Stock dealers and banking companies, by the aid of a paper system [paper money] are enriching themselves to the ruin of our country, and swaying the government by their possession of the printing presses, which their wealth commands, and by other means, not always honorable to the character of our countrymen."
Then there is John Maynard Keynes observation in "The Economic Consequences of the Peace - 1920":
"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. . . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. . . . (It) does it in a manner which not one man in a million is able to diagnose. . . ."
“Quantitative Easing”, my donkey!
Try runaway inflation.
Anyone on a fixed income will be eating dogfood -— IF they can afford it.
“The Amateur” has succeeded in destroying the foundations of our (and the world’s) economy.
Hard times are ahead, REAL hard.
For your list!
There was no greater advocate of currency debauchery than Keynes.
He said he was going to fundamentally change this country.
He said he was going to lay a new foundation for the economy.
In order to lay a new foundation, you have to excavate and totally destroy the existing one.
And liberals worship at his altar.
He gives them cover to spend our money like sailors on shore leave.
But there is one woman who seems able to keep up with it. Still wish I knew why she decided not to run.
These people won't be happy until we live by the fires of the worthless currency they have thrust upon us.
However that will only last until the whole things come crashing down and we can start this Republic over.
Obama’s economic policies are so good according to him that we have to have QE3. The clown is a dismal failure on so many fronts. R&R should have a field day with this news.
Perhaps that's why the Keynes observation quoted here seems pertinent at this time in America's history.
Spot on! And, Helicopter Ben says printing is the way to go, for as many times as it takes to pump up this economy. Sheeesh!
Hyperinflation. And to prevent hyperinflation, the Fed will have to decelerate the growth in the money supply. When this happens, the economy will stall again or go into a recession. Then the Fed will have to start the same stimulus-contraction cycle all over again.
I believe this deliberate action is part of a more insiduous plan. It will be much easier to implement a world-wide pay scale when there is no longer an American middle class to compare too. Once retirement accounts are worthless we’ll become the 21st century serfs in the corporate version of the feudal system.
QE3 - page 495 in Soros’ book on how to destroy America in less than four years.
Why did the Fed refuse for months to go forward with QE3 except that they feared its negative consequences? And why have they decided to go forward now except that the economy has become so extremely bad that they feared the consequences of not doing so?
Ben Bernanke might as well have said today that the U.S. economy needs emergency surgery. Yet since neither QE1 nor QE2 worked, where does that leave us?
Thank you guys! I was outside in the wonderful sun.
Bernanke is counting on inflation to pay down the debt.
He and his Marxist buddy have made a man made disaster of our economy and Sarah Palin nails it, again!
Palin just doesn’t get it. All this complaining - yet the Dow Jones is up isn’t it!? Happy Days are here again. /s
What Benny is doing here WON'T WORK, it has NEVER worked.
All it will do is jack up the princes on everything and I think we learned that once gas prices spill over 4-5 Bucks a gallon the economy STOPS.
But the most infuriating part is that many people still won't chalk this up to Ubama or his polices, brainless sheep.
Unlike Sarah, I say we all need to get behind her. (or in front if need be)
R&R should have a field day with this news.”
And Ryan is going to vote for increasing the debt level which includes a whole lot of extra money for Syria.
I guess I know who's pulling the strings now.
If 0bama acts true to form, if non-preferred demographic members own those houses, they’ll be foreclosed on and the houses given to preferred demographic members.
Keep bleeding the patient until he gets better.
They're about to pass a $1 trillion supplement (or whatever it's called - 6 month thingee), that's where they are!
I might add, that includes Paul Ryan, reportedly planning to vote yes.
The $1 TRILLION DOLLAR package includes $12 or $16 Billion in aid to Libya.
Guess it doesn't matter, it's all newly printed money that we don't have!
What do they not understand about BROKE, BUSTED, THERE AIN’T NO MORE, EMPTY, ROCK BOTTOM?
They understand NOTHING!
35% cold calculation, 65% the book.
If not for the book, she would have run. And lost.
America is not ready for the truth, things have to get much worse.
But, at Indianola, she was ready to go. The next 30 days brought the book, and the Enquirer divorce lawyer story. Undoubtedly, those two things were related.
The idea that McGinnis had sources that the Palin family knew about and trusted was very bad mojo in terms of shalom in the home.
She did the right thing.
Laura Ingraham is right. If Romney/Ryan can't beat Obama in this s##thole of an economy, it's time to tear down the Republican party and start over (actually it may well be time anyway).
Each QE has done less good then the one before it - and more harm. What the end game? Look at Greece - when the EU is tired of carrying them...
Don’t buy it. The Palins denied it. I am left to choose between believing them and the likes of Joe McGinnis, a man capable of lying for years at a time, just to write a book (Fatal Vision). Character matters. Unless some objective evidence can be put on the table, I am still convinced there were other matters in play that convinced her not to run.
Thanks onyx. Spot on assessment from Palin, as usual.
Exactly. It's too easy to define Obama as a blundering fool, based on our own sense of normalcy and what is right. People need to take off their own filters and see him through his own twisted philosophy and extreme actions.
The Enquirer has put out a Palin “divorce” story each year. Nothing unique about that. They’ve published all sorts of disproven junk on her and her family. Also, the ludicrous content in the McGinniss book was not ‘new’ to that time-frame either, as I read a thread covering it many months prior over at the C4P site. So neither of these things would have innately blindsided Palin after Indianola.
Where it might have had an effect is in that Palin could see that the media would happily peddle any lie, smear and innuendo they could to turn her potential campaign into a big sickening circus, making her odds all but impossible. Couple that with the GOP-E siding with their media buds, hacking away at her. And, although I believe she wanted to run, her MAIN goal was to ensure above all that Obama was removed from the presidency.
“Exactly. It’s too easy to define Obama as a blundering fool, based on our own sense of normalcy and what is right.”
The following link is to an old FR thread, about an even older conservative booklet called “The Revolution Was”, written in 1938 about FDR and the New Deal. It is ALL happening again - amazingly, chillingly so. Only worse.
Worse outwitted were those who kept trying to make sense of the New Deal from the point of view of all that was implicit in the American scheme, charging it therefore with contradiction, fallacy, economic ignorance, and general incompetence to govern.
But it could not be so embarrassed and all that line was wasted, because, in the first place, it never intended to make that kind of sense, and secondly, it took off from nothing that was implicit in the American scheme. It took off from a revolutionary base.
The design was European. Regarded from the point of view of revolutionary technic it made perfect sense. Its meaning was revolutionary and it had no other. For what it meant to do it was from the beginning consistent in principle, resourceful, intelligent, masterly in workmanship, and it made not one mistake......
Having passed this crisis, the New Deal went on from one problem to another, taking them in the proper order, according to revolutionary technic; and if the handling of one was inconsistent with the handling of another, even to the point of nullity, that was blunder in reverse.
The effect was to keep people excited about one thing at a time, and divided, while steadily through all the uproar of outrage and confusion a certain end, held constantly in view, was pursued by main intention.
The end held constantly in view was power.
She just ROCKED on Hannity.
Will post the video as soon as it’s available.
TYVM. I missed it.
Perhaps she will. Ya never know.
You’re most welcome.
Mcguiness has no crediblity at all, anybody that dabbles in Trig-trutherism doesn’t. Besides none of it fits in with what college roommates recall about her. She was pretty stait-laced, and if a person was going to play it would be away at college not back at home with her guy around- not unless she was drunk or roofied. I don’t think Mcguiness even dared make direct claims, just innuendo, afraid of libel suits. As far as the divorce stories, have you ever seen her and Todd together? Those glances, etc. that’s no playacting.
On a local interview she mentioned her kids, Piper’s innocence, and i think a couple of them didn’t really want her to run. Her brother over on C4P said that she was respecting her family’s wishes. Later in an interview Todd said he was glad that she “sat this one out.”
Oh, I agree. And by the way, there were slews of ‘legit’ journalists who went up to Alaska and interviewed hundreds of people, covering just about anybody, from grade-school to governorship, who had even the slightest contact with her. And those journalists were salivating for any speck of dirt they could find, but none was forthcoming. Indeed, reading all those interviews are kind of fascinating, and paint a picture of someone with solid religious and moral character.
McGinniss was referring to Palin as a “Nazi” even before he started his hit-job book, which was primarily comprised of the fetid fantasies of the moonbat Palingates bloggers, who seemed to be in a daily competition to out-do one another with peddling vile and outlandish fabrications.