Forum Post: QE3?
Posted 11 years ago on Sept. 13, 2012, 9:30 p.m. EST by riethc
(1149)
This content is user submitted and not an official statement
Ben Bernanke announced it, QE3: it's here and it's infinite. Time to get off the streets and in your Congressman's face.
The course of action is clear Glass-Steagall, nationalize the Federal Reserve and start an FDR-style recovery, OR hyperinflation, world war and mass death/extinction. This is 1923 Weimar Germany.The time to wake up and grow a backbone is now.
Blatant thievery...
Thx for posting this. Unfortunately, many of the people on this forum are insistent on spreading misinformation about QE, what is being done to justify the printing, and where the money goes. Such as bensdad insisting this is somehow an offset for lack of tax revenue. Do they not know better, of course they do. But campaigning for their party is more important than the truth or real solutions. If you post again on this, please include information on how it all works so as to not allow such spin from the peanut gallery.
Actually the Fed is buying "mortgaged backed securities" from banks and mortgage companies so they can lend more money out to "no one".
Bernanke thinks this will stimulate the housing market encouraging more people to buy and thus shore up the building trade - Wrong.
It isn't going to do squat except give the stock market a bump for a few days. A month, two months, five months from now we will be exactly where we are today with regard to the economy.
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Where in my statement does it say anything about "bankers giving themselves another bonus? Did you not read what I posted?
Maybe you don't say in your comment bankers will give selves a raise, but Al Lewis, columnist of Dow Jones Newswires and blog at tellitall.com writes qe3 " the money flows into banks to strengthen their balance sheets. Corporations use it to lower borrowing costs and launch stock-repurchase programs. The ensuing boost in corporate performance helps executives collect "performance pay"
Lets turn it around - could this be a tool to push grover's minions over the edge and start taxing the rich & corps to inject the needed money?
I doubt it but what it will do is place more of a financial burden on the next two generations
Any action by the Fed is NEVER an action to disrupt the top.
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Yes Mr. Paul
Yes Ms. Rand
the other ( better ) way to get $ into the system to stimulate the economy is the horrible three letter word that grover won't let me say.
Lets go off the cliff on 12/31 & let the house pass tax cuts for the 98% and try to re-authorize wasteful military contracts - and REHIRE municipal workers & teachers & BUILD our country
Buying mortgages from insolvent banks will not save the economy, if that is what you are implying.
and the stock market agrees with you ?
When I say economy, I mean the actual economy, not Wall Street.
The Congress established three key objectives for monetary policy—maximum employment, stable prices, and moderate long-term interest rates—in the Federal Reserve Act.
The first two objectives are sometimes referred to as the Federal Reserve's dual mandate.
Yes, if we have $100T. in circulation, and the fed "provides" an extra $1T - th e value of you assets may go down 1%.
It also my result in your neighbor getting a job.
Since your buddies in the House won't add tax revenues in stead.
Your assertion is backwards. The printing of money devalues the currency and raises the prices of assets.
The printed money does not go to the government, it creates more government debt as QE is supported by government bonds. How you come to the idea that it is a replacement for tax revenue is absurd. All of the printed money (every red cent) will go to financial institutions.
Stop using every issue to support you party preference, it's getting to be pathetic pandering, topped off with gross and intentional misinformation.
Borrowing money from the FED creates interest tax payers have to pay - the interest rate will always be higher than the amount borrowed thus setting the wealth of the FED in stone for generations to come and insuring the debt of generations to come ... who are these men? And why are they not dead by executive order? How many people will suffer and perhaps die because they are inflating the cost of our resources? We killed Osama bin Ladin and he only caused the deaths of about 3000 people. How many global deaths will the FED cause this year alone? Executive order? Eminent Domain... however it is done the FED must end. Maybe it's too late for us but what about the generations and our children to come?
No one cares about our future generations. Not conservatives. Not liberals. Not even the Marxist/anarchist fucks in OWS. The DNC is implementing this madness and OWS are their lapdogs.
The gov. Buys American home bonds, by printing new money?
Or am I wrong? No comprendo
Why don't they buy back much of national debt, while at it.
Or just pay off some of people's mortgage, directly.
The Fed is also buying US bonds in order to back the printing. This adds to the national debt. The purchase of the securities is unusual and I suspect it's mainly to prop up the mortgage securities more than anything else, because nobody else wants to buy them.
http://www.businessweek.com/news/2012-09-14/mortgage-bond-spreads-fall-to-record-low-as-fed-starts-buying
So, let's get this straight. The Federal government is adding to the debt by buying up the debt? Why doesn't it just print money instead of going by this roundabout route?
Because there is a ruse that must be maintained.
lol, federal laws
This is nothing more than another handout to the banks and top wall st crooks.
Putting everyone's mortgage @ marketprices would be a good move. Or give the money directly to the counties.
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I dont think its meant to help OUR economy. I think its just the banks getting as much cash as possible out of this broken system right before it collapses.
We are trying to run the whole world. The whole world hates us. And everyone is fuckin broke. Not good stuff ahead.
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We need to tea party the tea party, and the corrupted supreme court,
You're a sick man, Charlie Brown.
I want to get my native mojo on.
The first people had it right.
Everyone always holds the SCOTUS on such high moral ground, like they arent apponted by the same bought out system that fucks the people constantly.
Just the past couple years they decided that corporations should be able to A) donate/bribe at will and B) Force poor people to buy from them
I am part of Occupy and I sit in no lap and yes I care about future generations not really sure why cause lately I just want to say fuck people and save animals but I guess I can't help thinking there are some people out there that deserve to be saved you know that one starfish metaphor - they are out there - and one leads to another and another - desperation makes people do fucked up stuff - I think goodness runs on a scale - people aren't entirely good or entirely evil and outside forces can push it one way or another - I'd rather tip the scales so the good comes out.
See? Most of the OWS here agree that QE3 is a great idea! Why not?
Buying mortgages from insolvent banks will not save the economy.
Yes. But this madness only has to last until the OWS approved candidate wins.
lol