Posted on 09/28/2012 11:55:55 AM PDT by justlittleoleme
While QE3 might seem harmless to U.S. consumers, it is present every time they gas up their cars or buy food at the grocery store.
In fact, all three rounds of quantitative easing have led to higher priced commodities.
Whether you realize it or not, QE3 - same as the stimulus programs before it - is adding greatly to the costs of everyday life. QE3 is directly leading to higher prices for oil, food and the cost of imported goods.
Over time, that results in a tremendous consumer expense in all product and service categories.
**SNIP**
The greatest impact of QE3, however, could be at the voting booth on Nov. 6.
Ironically, Republicans opposed the introduction of QE3 as it led to a stock market rally that could help President Obama win re-election.
But incumbent presidents don't fare well during gas-price spikes: Ford fell in 1976, Carter lost in 1980, and Bush was defeated in 1992.
Gas prices have risen more than 50 cents in the past two months. The increase in gas prices in August was the biggest one-month jump in overall consumer spending in three years.
Coupled with higher food prices and the rising costs of foreign goods, the inflationary spiral from QE3 could be the great incumbent slayer come Nov. 6.
(Excerpt) Read more at moneymorning.com ...
accidentally messed up: Source is Website “Money Morning”
QE3 (QE4-ever) will “work”, and it will give us another couple of years before the big crash,
but it will make the crash all the worse,
and during that time, the bankers & elites will have more time to milk every bit of wealth out of our system that they can.
No it will not. It was just a political stunt that devalued our dollar in hopes it would get Obummer elected.
Thanks for the video, my definition of “it will work” was different than yours.
And endless supply of monopoly money for NyLon predators to “invest” in oil and other commodities....
What could possibly go wrong?
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