Posted on 12/12/2012 3:03:22 AM PST by EBH
Policymakers are also likely to repeat a pledge to keep buying bonds until the labor market outlook improves substantially. A drop in the jobless rate to 7.7 percent in November from 7.9 percent in October was driven by workers exiting the labor force, a fact certain to disappoint the Fed.
"The economic environment seems ripe for those at the Fed who support continued accommodation," said Victor Li, professor at the Villanova School of Business and a former St. Louis Fed economist.
As its last program of Treasury purchases, known as Operation Twist, draws to a close, officials look set to replace it with a fresh $45 billion per month in buying. Unlike those in Twist, which were funded by sales and redemptions of short-term debt, the new Treasury purchases will further expand the Fed's $2.8 trillion balance sheet.
Economists also expect the central bank to continue buying $40 billion per month in mortgage-backed securities as announced in September, keeping the monthly pace of total asset purchases at $85 billion -- a figure the Fed highlighted in its last policy statement.
"We want to see continued improvement in labor markets in the near term, and monetary policy should encourage faster economic growth to achieve that objective," Eric Rosengren, the dovish president of the Boston Federal Reserve Bank, said last week.
(Excerpt) Read more at news.yahoo.com ...
But, I do believe this is the more accurate truth from their playbook and the sooner Boehner figures this out...
“Lenin (the founder of the former communist Soviet Union) was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose”. The Economic Consequences of the Peace (1920), John Maynard Keynes
While that may be possible, I don't see how that can be accomplished. In order to impose the government will on the people, Obama would need an enforcement mechanism - i.e., the military. It US military, on the whole is conservative and patriotic. I don't believe that they would take up arms to enforce Obama's will. Furthermore, a majority of guns in the US belong to those opposde to Obama. If there is indeed a 2nd Civil War in the US, Obama's forces would lose. It would be the Blue States vs. the Red States.
Most of Obama's people live in the cities and be starved into submission soon enough. Also, these people support Obama primarily because of the "free stuff." The will support Obama as long as the cash is flowing. How long does a posse stay around when the bling disappears?
Well....so far it doesn’t seem he needs the military etc.
I do believe this is where we are headed. All this year’s EO seem to support this. In particular the 3 EO issued in March 2012, which have resulted in thousands of new regulations, payouts etc.
It is already in motion...
Obama stated in 2008 that he needed to build a civilian army that was as powerful as the US military
Here’s a start
http://www.sott.net/article/252594-Americas-brownshirts-Homeland-Security-graduates-first-Corps-of-Homeland-Youth
check out the world history of communism and fascism (statism) and see that most of them relied on mobilizing youth to organize and eventually control other less willing constituencies - Lenin, Hitler, Mao, Castro, Chavez, Kim Il Sung. Now Morsi in Egypt.
They don’t have to feed everyone, just the “army”
The stealing and beatings will continue until morale improves.
We now see the monster rising from the Potomac as surely as Godzilla rises from Tokyo Bay in a Japanese horror flick.
The producers are growing old - the takers are still young.
This will not end well.
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