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#2942077 - 09/13/12 12:08 PM QE3 is here... $40 billion a month
JWW4
8 Point


Registered: 06/09/07
Posts: 2124
Loc: Signal Mtn, TN

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Not much surprise here. Bernanke is trying to keep his job. Mitt said he is going to fire him on day one. So to help Obama get re-elected Bernanke injected billions into the system today and die from the suger high after November.

http://www.marketwatch.com/story/fed-to-...ory_latest_news

Check out gold and siver...

http://www.coininfo.com/

Announcement was made at 1pm, gold and silver both take an immediate 5% jump.



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#2942241 - 09/13/12 02:28 PM Re: QE3 is here... $40 billion a month [Re: JWW4]
Rebel
TnDeer Old Timer
12 Point


Registered: 03/16/99
Posts: 5373
Loc: East Tennessee USA

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And the (D)umbmasses will actually think the economy is improving because the media will tell them so.

We are so financially (and morally) bankrupt I'll actually be surprised if this really does make the economy look like it's reviving. Most businesses are still wary of expansion as they fear the government will step in and punish them for being successful.
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#2942269 - 09/13/12 02:51 PM Re: QE3 is here... $40 billion a month [Re: Rebel]
JWW4
8 Point


Registered: 06/09/07
Posts: 2124
Loc: Signal Mtn, TN

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It will make the stock market go up. Most people believe the stock market is the economy so we must be recovering. They don't look at the 46 million on food stamps, 23+ million unemployed, median income is down 3-4k under Obama and 16 trillion we are in debt. They only see one number, the DOW.
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#2943048 - 09/14/12 08:05 AM Re: QE3 is here... $40 billion a month [Re: JWW4]
ChippewaPartners
10 Point


Registered: 08/25/01
Posts: 3041
Loc: Pamelot, my farm near Catoosa

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If you printed $40 on your computer printer, you'd be a counterfeiter. But if you print $40 billion, you're Ben Bernanke.
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#2943062 - 09/14/12 08:15 AM Re: QE3 is here... $40 billion a month [Re: ChippewaPartners]
REM7
10 Point


Registered: 08/19/08
Posts: 3737
Loc: GRUNDY COUNTY

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 Originally Posted By: ChippewaPartners
If you printed $40 on your computer printer, you'd be a counterfeiter. But if you print $40 billion, you're Ben Bernanke.



LMAO. so true

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#2943148 - 09/14/12 09:13 AM Re: QE3 is here... $40 billion a month [Re: REM7]
ChippewaPartners
10 Point


Registered: 08/25/01
Posts: 3041
Loc: Pamelot, my farm near Catoosa

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The plan is to make the EBT card worth more than the people's money and it is working perfectly. Remember the endgame is about power and control, period.

QE3 = Currency Debasement 3 = is a banker bailout in disguise
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#2943851 - 09/14/12 08:25 PM Re: QE3 is here... $40 billion a month [Re: ChippewaPartners]
Hangnail
12 Point


Registered: 11/30/00
Posts: 7391
Loc: Murfreesboro, TN

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Fannie and Freddie are insolvent without periodic taxpayer bailout money, so the Fed decides to buy 40 billion in mortgage backed securities to bolster the economy. That's like buying condoms with holes in them and expecting them to "protect and serve".

Edited by Hangnail (09/14/12 08:26 PM)

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#2943961 - 09/14/12 11:36 PM Re: QE3 is here... $40 billion a month [Re: Hangnail]
Stalkhunter
10 Point


Registered: 07/17/11
Posts: 4099
Loc: Knoxville TN

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From what i heard on Other News it was on news talk radio it will be 84 billion a month, had to go into work missed the rest of interview
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#2946003 - 09/17/12 10:26 AM Re: QE3 is here... $40 billion a month [Re: Stalkhunter]
LB FANATIC
6 Point


Registered: 03/25/10
Posts: 593
Loc: Middle TN

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This "QE3" effort, is also "unlimited" in the amount of Mortgage backed securities that can be purchased.
Also, Wasnt the original housing mess facilitated by "mortgage backed securities" guess our Gubment can do it better !! LMFAO
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#2946053 - 09/17/12 10:57 AM Re: QE3 is here... $40 billion a month [Re: LB FANATIC]
TOW
10 Point


Registered: 06/29/05
Posts: 4252
Loc: Back 40

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False propping up of the DOW until after the election and then the fall will occur..

Big time fall....
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#2946137 - 09/17/12 11:58 AM Re: QE3 is here... $40 billion a month [Re: TOW]
Hangnail
12 Point


Registered: 11/30/00
Posts: 7391
Loc: Murfreesboro, TN

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Letting the banks off the hook again. Wow. They still aren't loaning money to people/businesses that need it, only to those that don't. Like this is going to improve the economy?
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