[sr4402]

The real purpose of Quantitative Easing is to ease the debt in order to get more into debt.

Other nations have done it under other names and Obama wanted to try it too. The only problem is that we are the reserve currency and now the rest of the world wants off us because of Quantitative Easing.

What is coming is severe inflation without salaries going up. Foreign goods are going to skyrocket. So all rubber products, Chromium from Africa and all other things we don't have from other nations will skyrocket in price.

This for two reasons, 1) We are going to have to pay for currency conversions where right now we don't. 2) The dollar is worth far less because of flooding it on the market.

What Obama really wants is Socialism and he is putting us into troubles in order to make it happen. Remember the phrase "Never let a good crisis go to waste". The Crisis is being created, to which Socialism is the answer the Progressives will insist.

[gusopol3]

What Obama really wants is Socialism and he is putting us into troubles in order to make it happen

The problem for him is he has to win the next election; he ain't like his buds Castro and Chavez that get a lifetime lease on destruction.

[ngat]

OK. So what is the reason to get people into debt?

[Zakeet]

The real purpose of Quantitative Easing is to ease the debt in order to get more into debt.

Seven Purposes for the Federal Reserve’s Quantitative Easing Program:

1. Fund the deficit spending of the U.S. Federal Government
2. Provide free cash for insolvent TBTF banks
3. Fund the deficit spending of the U.S. Federal Government
4. Create the inflation necessary to service existing debts
5. Fund the deficit spending of the U.S. Federal Government
6. Infuse cash into the Primary Dealers which they, in turn, can use to buy S&P futures and prop up the stock market (i.e. preserve the “Wealth Effect”)
7. Fund the deficit spending of the U.S. Federal Government

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And QE3 and its offspring are coming.....

For the reasons listed above and stated in the article you refer to, among many others, there always be a QE of some form and fashion until the currency collapses.