Skip to comments.Faber: Fed could up QE to $1 trillion a month
Posted on 10/21/2013 5:58:54 PM PDT by Red in Blue PA
"The question is not tapering. The question is at what point will they increase the asset purchases to say $150 [billion] , $200 [billion], a trillion dollars a month," Faber said in a " Squawk Box " interview. The Fed-which is currently buying $85 billion worth of bonds every month-will hold its October meeting next week to deliberate the future of its asset purchases known as quantitative easing . (Read more: Treasury yields will still spike to 5%: Societe Generale ) Faber has been predicting so-called "QE infinity" because "every government program that is introduced under urgency and as a temporary measure is always permanent." He also said, "The Fed has boxed itself into a position where there is no exit strategy."
(Excerpt) Read more at finance.yahoo.com ...
I am shifting my holdings from U.S. dollars to Zimbabwe Pistados tomorrow.
Just reading that paragraph makes me ill.
I got a perfect “exit strategy”.
Make things right here in America.
I'd settle for 50%.
Faber is an optimist.
I wished America would wake up. in the first place, does anyone believe that alan greenspan, ben Bernanke, janet yellen, have any love for America? at best, they are looking to enrich their new york friends on the backs of the Christian middle class. at worst, they are part of a plan to usher in the so called new world order.
The Fed should print up enough money to either buy or bring pressure to bear on 6 SCOTUS, TOTUS and most of Congress to get America back on a growth path by getting the gov’t out of the way and incentiveizing 1/2 of the 1/2 of America that chooses to be on the dole.
Faber is full of it.
got my wheelbarrow ready for those bread lines
The punishment will continue until moral improves.
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And, like much of the news these days, it reads like satire, but is not.
I’ve invested all my money in plastic. I have 200 tons of it.
real stomach lurching scary
Real, holey crap I'll never have enough arms, ammunition, and auguson farms scary.
LOL Asset holdings.
The Bonds we are buying are as worthless as the money we are buying them with.
They are not an asset they are merely paper too rough to wipe your butt with.
$12 trillion new dollars added to the economy every year. $12 trillion. GNP is what? $15 trillion? Do they think that worldwide holders of dollars will not notice this? When there is a global sell-off of U.S. dollars, and the treasury has to offer interest rates of 15-20% just to stop the panic, do they not think that this will have catastrophic effects on the world economy?
It is one man’s opinion. They are not stupid enough yet to start start inventing $1 trillion a month out of thin air. They know at some point hyperinflation will start and everyone will be screwed.
The author of this article predicts several outcomes in no stated order...
1 - hyperinflation
2 - civil unrest
3 - war
4 - total collapse of credit markets
... but more likely some combination of all four to one extent or another.
This will be the legacy of the Obama administration.
It is just the speed at which you are heading to the cliff.
Whether it is at a rate of 80 billion a month, a hundred billion a month, or more, as a society we are still heading towards the cliff. I believe Obama is trying to time it so that the nation goes over the cliff when he leaves office. That is why there is no exit strategy in sight for the rampant money printing that is keeping interest rates temporarily low while he is still in office. The damage he is doing I believe to be insurmountable. You just cannot pay back the amount of debt he is purposely running up.
Things that can’t continue don’t. The debt ceiling is the real fight. Unless the GOP gets real spending reform...
This is why all but a few in congress are raking in the bucks as fast as they can. They know there will come a time in the near future when they will need a bunch of dollars.
The Berlin publisher Leopold Ullstein wrote that an American visitor tipped their cook one dollar. The family convened, and it was decided that a trust fund should be set up in a Berlin bank with the cook as beneficiary, the bank to administer and invest the dollar. [By 1923, one dollar was worth one trillion marks.]
My dad married a German woman when he was stationed there in 67 or 68. Her parents told stories about having to pay a wheel barrow full of money for one potato.
You mean you are not preaching the benefits of Obamacare? Did Jim Robinson convince you to shut up about how much you love Obama(care)?
Not really a core topic of mine anyway.
Cut me a bit of slack though please, because I’m muzzled on that topic.
You were muzzled because, like a true Marxist, you came out strongly in favor of Obama and his move to take over 1/6th of the US economy. You were muzzled because you made it clear that you are 100% in favor of public dollars being used to murder unborn children. You were muzzled because you made it 100% clear that you are completely fine with the idea of federal death panels.
These are all core components of the law (Obamacare) that you threw you support behind.
Fact is I’m not a marxist. But I will not discuss this topic at much greater length because I was told not to.
So... what about hiring Americans?
Like I said I cannot discuss healthcare, which is ok. I’m a guest here and I must respect the website owner’s preferences.
I believe I hold a number of views in common with him, though on this one we seem to be at some significant variance.
I’m ok with that.
So I ask you again.
How about hiring American workers, and bringing back American jobs.
Biggest thing to improve employment is to reduce Marxism and the federal control that they (you) want. Obamacare is a HUGE job killer and anyone with half a brain can see that. Too bad you are against the American worker with your support of Marxist policies like Obamacare.
With your Marxist beliefs, why do you remain a freeper? Do you think everyone in here knows what your true beliefs are?
Hey Marxist, is Obamacare good for America or not?
OK you’ve heard my side.
Have a good one. I’m not going to go over it again.
I will say this is hardly about Marxism. I am STRONGLY for Ted Cruz and Sarah Palin, and I support them both.
I really though, need to stay off of this topic, so unless you’re ready to talk about something else, I’ll just wish you a good evening.
Good evening Marxist, hope you enjoy Obamacare, the law you claim to fully support. Thanks for helping destroy the country!
The debt ceiling is the real fight. Unless the GOP gets real spending reform...LOL! Where will they get it?
They'll do "spending reform" but first things first. Everyone knows, besides global warming and now that they've (the GOP-E) fixed Obamacare the way they want it the most important thing facing America is immigration reform.
Just where is the Fed getting the money to buy these bonds?
——Just where is the Fed getting the money to buy these bonds?——
Your great grand kids....pocket...