Posted on 01/03/2013 6:31:29 PM PST by dennisw
The Federal Reserve Has No Practical Option To End QE January 3, 2013, at 6:07 pm by Jim Sinclair in the category General Editorial | Print This Post Print This Post | Email This Post Email This Post
Dear CIGAs,
Such an announcement has been part of QE either from MSM or some Fed board member since it began. The implication of stopping QE is so dire to the economy that it is in a practical sense impossible. When gold was being sold by central banks during the 1970s market announcements were made constantly with the bias to depress metals.
There is no way that the implications and consequences of what has been done up to now can be talked or manipulated away. There is no practical way that QE can cease here or in Euroland without a total and final collapse of the financial system. Just go back to the IMF report on OTC derivatives I posted this morning. If QE ceases, the US bond market collapses and the Fed must debt monetize all required debt, which means if QE stops, it starts up again immediately and in a crisis mode.
I have to admit that if you have been a reader here for any length of time you should know this without asking me. The pressure that people unload on me during any gold reaction is downright mean.
The statement that QE can stop is simply MOPE. QE cannot stop or the world ends as you know it.
Please print this out and post it on your computer because every time the long cycle guy repeats his year old bear gold price prediction or the Fed says anything about stopping QE, you all go wild. It is embarrassing really.
If you do not understand what you are in, why are you in it?
Truman said it all when he said if you can’t stand the heat, get out of the kitchen.
The Federal Reserve has no practical option to end QE without ending the economic world for decades to come. Should that actually occur in some parallel universe, only gold will protect those citizens from the collapse of the by-default reserve currency. I am sure i have written this at least 200 times.
All time multi-post record ping!
I’m Famous? Not sure I want to be known as that but... it is what it is. :)
Yours truly,
The Mutli-Post Ping King
LOL, These days, we take our honors where we can find them!
The present economy stinks and is kept out of outright depression ONLY by the FR buying up USG debt thus injecting money into the economy
“They’re not going to tell you that a collapse is coming. You’re going to have to see it for yourself. The government’s never going to tell you that it’s going to happen. These guys are never going to tell you the truth, because they can’t tell you the truth. Their job is to promote confidence, not to tell you the truth.”
If you were a totalitarian and QE was all part of a larger plan, what would be the ultimate way to control all movement of goods and services and consumption to the point of disallowing a grocery item or even how much "money" you or your children have?
QE anything/FED existence is already too far down that road...
--That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
Ran across this the other day, and while I’m a little skeptical of the conspiracy implications, it is worth reading.
snip
In part one of this two part series – Hey You – I examined how an invisible government of wealthy, power hungry men have utilized the propaganda techniques of Edward Bernays and lured the American people into a narcissistic, techno-gadget, debt based servitude. Over the last one hundred years they have created a totalitarian state built upon egotism, material goods, and fulfilling our desires through Wall Street peddled debt and mass consumerism. It has been an incredibly effective form of control that has convinced the masses to love their servitude. The ruling oligarchs correctly chose the painless, amusement saturated, soft totalitarianism of Huxley’s Brave New World over the fearful, pain inflicting, surveillance state, house of horrors detailed in Orwell’s 1984.
snip
http://www.theburningplatform.com/?p=45633
Truer words were never said. Kyle Bass said that. They will promote and promote. They will deny and deny. Until they devalue or steal your savings such as IRA. Wealth and assets must be "appropriated". For socialists it is not enough to tax yearly earnings
28 duplicate posts, we have a new record.
The issue, as it seems to me, is how much will people put up with?
weighing the “greater good” vs. “ME”.
And with all that the link doesn’t point to your title ?
Yes, it is Zeneta. Thanks very much for the link. The post has lots of information and is very current. (I read half last night after work and just finished the other half this morning.)
Worth repeating...
Their job is to promote confidence, not to tell you the truth.”
Truer words were never said. Kyle Bass said that. They will promote and promote. They will deny and deny. Until they devalue or steal your savings such as IRA. Wealth and assets must be "appropriated". For socialists it is not enough to tax yearly earnings
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