Bernanke’s strategy will have a perverse outcome – the only impact QE will have is a provide a short benefit to financial institutions (surprise, surprise!!). Bernanke and the Fed have a peculiar and very narrow focus on Wall Street at the total expense of the real economy. The medium to long term impact will be to undermine the bond market, set of accelerating inflation and add to the overall debt liability. It will be like throwing petrol on an already burning fire. There are many domino’s ready to fall and any one could trigger a systemic failure.

The reality is that the financial services sector/Wall Street should have been closed down and cleaned out. It is now inevitable that a systematic collapse will occur as no one was willing to take the hard medicine and constantly ‘band aiding’ as the Fed is doing will only prolong the inevitable.

We need to unite and get off the division bandwagon that has been developed to divide and conquer.

We need to start saying NO MORE!

MARANATHA

The constitution is dead…most are in denial of this fact. Freedom? Where? you’re born-tell the state, need school-state run, job-tell the state, purchase something-tell the state, childeren-tell the state, own real property-tell the state ( you don’t own your real estate; it’s a long term lease from the state-try not paying your property taxes), die-tell the state, try and pass your assets to your kin-tell the state, THEY OWN YOU! We already carry the mark of the beast. Render to Ceasar what belongs to Ceasar…

What happened to the notion that we have unalienable rights endowed by our creator?

A word to the wise-

One of the problems with publicly ridiculing others (like you did, calling some other posters “clueless” / “an… idiot”) is when you yourself make a clear mistake. For instance, “an uniformed idiot” —> Surely you’re not referring to people in uniform? (^^) Perhaps you meant to write, “an uninformed idiot”?

Anyway, humility is good for the soul, right?

You also mentioned quantitative easing, and claimed “… you’ll see that there is nothing unique here”. Well, according to the articles below, your statement is not entirely true, due to the massive degree to which Q.E. has been utilized recently by the Fed.

www dot investingblog dot org/archives/517/checking-up-on-fed-quantitative-easing/
July 18th, 2009
“… Running out of Ammo

The Federal Reserve can buy up to $750 billion of Mortgage-backed securities, however its already purchased $526.42 billion of the notes. It has even less breathing room with treasuries, having already purchased $684.03 billion with authorization to buy up to $700 billion. With so little ammunition left, the Federal Reserve will have to make landmark announcements to further impact the free markets.”

——–

www dot telegraph dot co dot uk/finance/breakingviewscom/4175704/Quantitative-easing-the-modern-way-to-print-money-or-a-therapy-of-last-resort.html
Quantitative easing: the modern way to print money or a therapy of last resort?
08 Jan 2009

“… The Fed{’s} … balance sheet has certainly mushroomed: it is up 18-fold in the past 4 months to $820bn. …”
(such a massive increase would seem to register as ‘unique’, no?)

“… Similarly, history isn’t much use in judging the therapy’s effectiveness. There has been only one significant trial – in Japan between 2001 and 2006. Excess reserves held by banks at the Bank of Japan rose from Y5 trillion to Y35 trillion, roughly 6pc of GDP.

Scholars cannot agree whether the technique worked. …”

(earlier in same article):

“… Where, one might ask, does the central bank get the money to buy all these securities? The answer is that it just waves a magic wand and creates it. It doesn’t even need to turn on the printing presses. It simply increases the size of banks’ accounts at the central bank. These accounts held by ordinary banks at the central bank go by the name of “reserves”. All banks have to hold some reserves at the central bank. But when there is quantitative easing, they build up “excess reserves”. …”

——–

And from http :// en.wikipedia.org/wiki/Quantitative_easing :
“… In practical terms, the central bank purchases financial assets (mostly short-term), including government paper and corporate bonds, from financial institutions (such as banks) using money it has created ex nihilo (out of nothing). This process is called open market operations. … However, there is a risk that banks will still refuse to lend despite the increase in their deposits, or that the policy will be too effective, leading in a worst case scenario to hyperinflation.[1]

Quantitative easing is sometimes described as ‘printing money’, although the central bank actually creates it electronically ‘out of nothing’ by increasing the credit in its own bank account.[2]”

—–

So essentially the Fed practices legal counterfeiting – robbing Americans (and foreigners foolish enough to hold US dollars) in the process. Great deal for the Fed’s bankers, huh!

Anyway, I’m no expert on the Fed, but can you support your claims? Thanks.

Sam Bolivar
StrivingForJustice at yahoo dot com

http://www.xomba.com/ponzi_scheme_federal_reserve_bought_approximately_80_percent_us_treasury_securities_issued_2009

There’s nothing worse than an uniformed idiot with an Internet connection.

If you believe this lie, you are being duped again by those who control the statistics. Inflation is rampant RIGHT NOW – one only has to see what is happening at the grocery store, look at the electric bill, your phone bill, etc. When was the last time your insurance rates went down? The value of cash is NOT going up as evidenced by the fact that virtually everything we buy costs more every year, especially the important commodities like food. Yes, housing is going down, but that’s because it is stabilizing (artificially slowly due to the low interest rates) after a ridiculous run-up that had valuations never seen before in modern history.

And to the previous poster, who said: “It’s all good, it’s the end of the financial system as we know it. What’s wrong with this? I think it’s great.”

Let’s see if you still have that attitude when the **NEW** financial system gets in place. That will be one where the U.S. will lose it’s Constitutional mandate to create and control its own currency. (Of course, even now, it’s in the hands of the private bankers!) But, when there is a world wide currency being controlled by the **SAME** banking cartel that is controlling the multitude of currencies now, their work will be complete. You are welcoming the big brother state, where all transactions go through a central clearing system and everything you buy, do, eat, or contribute, everywhere you travel, all of your entertainment choices, all of your assets and debts, late payments, where you shop, where you eat, how much you save, where you invest, how much you pay on your rent/mortgage, and when and where you had your last rectal exam (along with the results) will all be tracked by a single computer controlled by the banker/controllers. This will be the nightmare of the “cashless society”. Mike, let’s see if you still hold on to your ignorant, cavalier attitude then. The final assault will be to replace the U.S. Constitution with a global constitution, stripping away the last vestiges of what was once the embodiment of “We the people…”. Wake up and smell the facism!!!!

http://www.freerepublic.com/focus/f-news/2426271/posts

One issue bills should be the way to pass laws. That way the idiots making the laws might take time to read them. Plus, they can’t hide all the egregious waste and funding of their outrageous ideologies.

I agree; however, the US is down 12 trillion, and China loses 2 trillion. The US industrial base is decimated, China has new factories and state-of-the-art technology. Who actually wins in that scenario?

Maybe there’s still time to convince Ron Paul to take over the reigns in 2012. With a Paul administration, America would see a return to following the Constitution. That would bring hundreds of thousands of troops HOME where they belong. That would bring SANITY and fiscal conservatism to the economy and that would result in the greatest economic expansion this country has ever seen.
Like the position America is in? Do nothing then, support the fellow in the white house now.
Sick of being lied to? Sick and tired of losing money ? Support Ron Paul, http://www.ronpaul.org/