Marc Faber: "Fed QE3 Will Destroy The World" (and the middle class)

zerohedge ^ | 09/14/2012 | Tyler Durden

[darth]

Did you know that was in the Constitution?

The Constitution calls for the death penalty for:

1. Treason
2. Debasing the currency.

Of course, the Fed has been debasing the currency for the past 99 years.

[darth]

The guys on www.streettalklive.com had a good analysis of Bernanke’s move.

The MBS buying is a desperate attempt to shore up the balance sheets of the big banks. Nothing more. He has no hope that this will increase employment, raise RE prices, or any other positive result. How the hell was the money supposed to find it’s way into the pockets of the citizens?

Ben is just taking junk bonds off the banker’s balance sheets. The banks will give the funds to their proprietary trading desks who will pump it into stocks and commodities.

Rising oil and food prices will screw the consumer.

Strapped consumers will stop discretionary spending, go bankrupt, etc.

The economy will nose dive.

He will sacrifice all for his banker masters.

[MileHi]

We are damn well past Clair Wolfs “awkward moment” people.

[Beagle8U]

Don't be such a dumb@$$. I didn't say inflation was good, Bernecky did and Obama is pulling his strings.

Perhaps if you got off the crank for awhile you could see what their agenda is.

[Diamond]

The Constitution calls for the death penalty for:

1. Treason
2. Debasing the currency.

Citations, please?

Cordially,

[EVO X]

The MBS buying is a desperate attempt to shore up the balance sheets of the big banks.Nothing more.

Something definitely up. Hard to believe they are taking extra ordinary measures for just a sluggish economy..

[darth]

Well, I heard it on the radio, ergo, it must be true.....not.

OK, I searched the Constitution. It’s not in there. Not explicitly anyway.

Thanks for noting the error.

[Teacher317]

Exactly what Article is that in?

[darth]

See 27 above.

I repeated something I heard.