50 MILLION Mark Note, Weimar Republic, 1923 (Wikimedia Commons)Bernanke needs to be a lamp post decoration.
This needs to stop.... Right f*cking NOW!!!!!
>> What will this do to a middle class whose savings have already been eviscerated
Oh, it’ll positively SCREW those who play by the rules, borrow carefully and wisely, save their money, and live within their means.
It’ll REWARD (for a while) speculators, debtors, the profligate, and most of all, it’ll spare the government of paying proper interest on the unfathomable wads of money they borrow and waste.
Bernanke is a criminal.
bttt
QE 2 is to delay the inevitable. At least in their minds. They need time to blame the collapse on the Republicans.
“the Fed doesn’t really have a clue on how to fix the financial system.”
INCORRECT:
The Fed knows EXACTLY how to fix the financial system, but too many rich Democrats in New York and D.C. will go bust if they do it.
And it will refute 50 years of Democrat vote-buying policies.
Reading Material for insomniacs...
50 MILLION Mark Note, Weimar Republic, 1923 (Wikimedia Commons)Behold the quadruple whammy:
Obama attacks energy companies - driving prices up - which increases the price of everything.
Obamacare increases the cost of doing business for everyone, drives out insurance companies, increasing unemployment, hindering employment..
Real estate market goes from bad to worse...inflation will reduce the number of people who will qualify for loans to actually buy. (Hard to buy a house and/or pay mortgage without a job..)
Fiscal policy creates wave of inflation, pushing the shrinking number of people with jobs, most struggling to survive payday to payday, to fail. Think about it - prices go up, pay does not (when was the last time you got a respectable raise?), foreclosures go up, unemployment increases, babies starve..
Methinks, barring a Tea Party takeover, we’re skrewed..
Where is Congress? Why are the Republicans not calling for hearings? Drag Bernanke there and let Bachmann, Paul and whoever else grill him and expose him for what he is. Make a spectacle!
Where are the opinion shows, especially FOX? For crying out loud, Shepard Smith of all people has expressed more concern over this in his snarky newscast comments. I’m thrilled about the Republican victories on Tuesday, but enough already. This is the destruction of the middle class!
The Fed better be stopped! This is evil!
ping
Glenn Beck’s been going over all of steps taken so far - by the thieves - for over a year, now. He’s been warning us to be prepared.
While the financial grim reaper has drawn a nut flush on the flop......
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What will this do to the middle class? Exactly what they've intended all along. Destroy it, utterly. The vision of the 'anointed' is and always has been, a two-class, not a three class global society. It appears that they are now making their final push to eliminating that pesky third class...
the infowarrior
QE2 is not about stocks, it is about the inability for the fed gov to sell enough T bills to cover their obligations and entitlements. Bernanke is trying to stave off a popular revolt like Greece. China and the world may make that nightmare happen when they can no longer afford to buy T bills as the US dollar drops in value due to QE. In the meantime everyone on Main Street will get it in the aXX from high inflation.
The stock market is about to go into the mother-of-all, game-ending, grand fireworks finale, parabolic blow off-top rallies. Anyone who is concerned about inflation needs to be in the market. When the Fed says, “We’re ramping the stock market”, you’d better listen. Because it’s not just Americans going all-in; every nation invested to the teeth in Treasuries that offer zero returns, just got the green light to pile into the final Ponzi that will give them the profits that will soothe their desire to dump our debt back into the market. The next step is total dollar destruction and a massive summit to agree on a global currency. If that doesn’t happen, the trade wars will go mental, and then it’s World War III.
People klike Bernanke don’t mind putting everything down against overwhelming odds.
After all - they are all well heeled so we and our children will be the ones to suffer.
When Bernanke and Carlson came to Bush with their cock and bull story and their lies about needing to save the financial system he should have shot them both between their beady eyes.