Posted on 09/13/2012 11:04:20 AM PDT by KansasGirl
NEW YORK (CNNMoney) -- The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy.
The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air, as the Fed will re-evaluate the strength of the economy in coming months.
The Fed is wasting no time. The purchases begin Friday and are expected to total about $23 billion over the remainder of September.
(Excerpt) Read more at money.cnn.com ...
Oh great, here is a new stimulus with your money, how did the last one workout?
Print That Money !!!!!!!!!
It is time to remove the "Occupy White House" crowd !Followed by massive inflation !
Instant 2% rise......... merely the beginning
more "Hair of the Dog" to throw to the easy money usery interest addicts !
meanwhile, the capitalists continue to flee the sinking ship
Hey, why wouldn’t this be a good idea? I mean it is like using a credit card to pay off your other credit card. That always works, right?
People always act like this doesn’t affect them because it some nebulous outfit called the FED doing it so it must be them that are losing money on this deal. BUT...it is us paying the bill. Through inflation every single dollar you own is losing value to pay for this “rob Peter to pay Paul” scheme. When do we get to riot??? why does everyone else get to have fun and riot but we have to bend over and take it?
Did they break a bottle of champagne across the bow first?
Idiots.
We knew it was comming. Maybe some Freepers will finally stop this continued bashing of Gold as an investment.
- Captain Edward White, RMS Titanic
We’re In the Money!
from 42nd Street Soundtrack
Annie, Peggy, Lorraine, Phyllis, Billy and Ensemble:
- I got it!
- Well, what is it?
- A penny, a nickel...
- You got hold yo’ horses and let me get the dough off!
A dime!
We’re in the money,
We’re in the money;
We’ve got a lot of what it takes to get along!
We’re in the money,
The sky is sunny;
Old Man Depression, you are through,
You done us wrong!
We never see a headline
‘Bout breadline, today,
And when we see the landlord,
We can look that guy right in the eye .
We’re in the money
Come on, my honey
Let’s spend it, lend it,
Send it rolling around!
All:
We’re in the money,
We’re in the money;
We’ve got a lot of what it takes to get along!
We’re in the money,
The sky is sunny;
Old Man Depression, you are through,
You done us wrong!
We never see a headline
‘Bout breadline, today,
And when we see the landlord,
We can look that guy right in the eye.
Look that guy right in the eye-
Look that guy right in the eye-
We’re in the money
Come on, my honey
Let’s spend it, lend it, send it-
Let’s spend it, lend it, send it
Rolling, rolling-
Rolling around!
—Additional Verse:
Gone are my blues,
And gone are my tears;
I’ve got good news
To shout in your ears.
The silver dollar has returned to the fold,
With silver you can turn your dreams to gold.
I just keep trying to imagine how our founding fathers are rolling in their graves (or wherever) at the mess we’ve made of our country. Electing an anti-American, ineligible, closet Muslim. Handing the keys to our treasury and our fate over to an elite group called “The Fed”. Allowing millions of innocent lives to be taken in abortions every year and then forcing taxpayers to pay for it. Allowing the God-less left to remove God from every aspect of our lives.
It’s all just overwhelming to consider how far we have fallen. Come to think of it....maybe we ARE too damned stupid to deserve to survive as a nation.
If I have checks , I have money!
thanks , Helicopter Ben!
QE1, QE2, QE3...QE184 are not about stimulating the economy. They are all about “buying” government debt to paper over the annual deficits. The world’s credit markets are not and never were able to absorb the $1.6 trillion annually dumped on it by the United States Treasury. What cannot be sold to the Chinese and Saudis is now being “sold” to the Fed, who just prints the money to “pay” for it.
It’s pretty much how the Germans financed World War 1, and we all recall where that led them by 1923.
The Greeks are going on a general strike. We the taxpayers should do the same. Shut the country down, pull your money out of the bank. Hell, the economy is about to collapse anyway. Might as well trash it now.
When the SHTF, I hope our leaders are held accountable, even to the gallows.
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