Bernanke’s Obama FED Bailout Already Underway

[kitty]

Nearly two months ago a longtime Wall Street Insider warned that FED Chairman Ben Bernanke would initiate an attempted QE3 bailout of the Obama campaign to help Barack Obama win re-election in November. It appears that bailout has already been initiated…

EXCERPT:

Jim Rogers: Fed Has Already Begun QE3 to Avoid ‘Egg on Their Face’

International investor Jim Rogers says that the Federal Reserve is secretly printing money to avoid “getting egg on their face again” after previous attempts to kick-start the faltering economy with more than $2 trillion of quantitative easing failed.

Two previous rounds of quantitative easing (QE1 and QE2) pumped a collective $2.3 trillion into the economy and Fed officials say they remained poised to roll out a third round (QE3) if recovery doesn’t gain steam.
Read more in News

Don’t wait for that announcement to occur.

“I do not know if they will announce it. I know they are going to print more money. They already are,” Rogers told India’s Economic Times.

http://theulstermanreport.com/2012/09/04...-underway/

[Blind Prophet]

whatever savings you have you take a hit on inflation, then interest paid on every dollar printed by the tax payers, and most of the money going to rather well off people.

[Lydia]

Recent Article that spells out the real winners and losers of QE3 (bolding by moi)

According to Fed chairman Bernanke, monetary policy is "no panacea." It hasn't slowed his money printing madness. Gloom, Boom & Doom's Marc Faber expects Fed policy to "destroy the world." It just takes time.

He worried for good reason. "The fallacy of monetary policy in the US is to believe this money will go to the man on the street," he said. It hasn't so far and "won't."

"It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols."

"It is difficult to tell what will happen. I happen to believe that eventually we will have a systemic crisis and everything will collapse."

"But the question is really between here and then. Will everything collapse with Dow Jones 20,000 or 50,000 or 10 million? Mr. Bernanke is a money printer and, believe me, if Mr. Romney wins the election, the next Fed chairman will also be a money printer."

"And so it will go on. The Europeans will print money. The Chinese will print money. Everybody will print money and the purchasing power of paper money will go down."

"I think there is a huge misconception and fallacy that money printing can actually improve the rate of employment because the money flows down into the system."

Full Article Here

[DaJavoo]

These mofos couldn't run a freakin' lemonade stand.

[Roxi]

(09-19-2012 04:35 PM)DaJavoo Wrote:  These mofos couldn't run a freakin' lemonade stand.

But the sure can destroy countries' economies.