Hold Steady? Is this the same “steady” while our dollar is plummeting? Oil prices are skyrocketing? The debt is out of control? Inflation is slapping us?
Stick to the REALLY important issues like the Birth Certificate.
Here's the money statement. Just as I surmised last week. The Fed declares "victory" over the "improving" economy, says no more QE is needed after #2, and then as soon as the economy and the markets take another downturn from no longer being pumped up, the Fed will call it something else, but it will in fact be more QE whether it's QE2.1 or QE3.0.
Something about all of this disturbed Rush Limbaugh enough today, that in a very unusual move, he announced he's taking the next few days off to study deeply what is going on and where we are. His last comment was: "People are lying to us."
Keep a watch on this. Something's up.
So when does QE3 begin? Without QE3, the government runs out of money regardless of whether they raise the debt ceiling. Being legally able to borrow is one thing. Having people actually lend you money is something else. And right now, no one is lining up to lend the US any money at current interest rates. No one.
The Fed takes care of its special friends without any check and balance or accountability to the people. They hand out free money to anyone in their cabal and it dilutes the value of the dollar for all. Google the “Wives of Wall St” for a small example of their corruption.
They don’t want Americans buying US debt. They want other central banks holding our debt. They want Americans buying international corporations and sending capital off shore while enriching the bankers.
The Fed is a privately owned un-Constitutional entity that usurped the powers of Congress. It is owned by the same banks it bailed out.