[Son House]

Add-QE3 could total around $1.6 trillion, the private sector is held responcible to pay off the debt, even as Democrats will promise the full faith and credit of the Government.

[PaleoBob]

Add-QE3 could total around $1.6 trillion, the private sector is held responcible to pay off the debt, even as Democrats will promise the full faith and credit of the Government.

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Yes. The banks are sucking this fiat money up but they should be refusing to take it—it’s another setup. Just like the last one with the mortgage bust, that began decades earlier with banks charmed by guv promises into lending to deadbeats.

And when the QE bubble busts, as it must, it could be the end of the 401K economy and the creation of yet another post-modern gulag, this one for broke retirees.