"Quantitative Easing 2 will fail, for the economy has been desensitized to liquidity and cheap credit.
When the financial media refers to QE2 (quantitative Easing 2), I think of a grand ship (QE2 the luxury liner Queen Elizabeth II) foundering on the shoals. For Bernanke's QE2, currently the single reed supporting the equity market's continued ascent, is doomed for intrinsic, structural reasons."
" Bernanke's QE and ZIRP (zero-interest rate policy) has effectively destroyed the incomes once generated by savings and low-risk fixed investments, and as a result the flood of "hot money" has gushed into stocks, bonds and commodities, all of which are in bubble territory as a direct result of QE and ZIRP."
"QE2 will fail spectacularly, because it offers a "solution" to a "problem" which doesn't exist."
Fed has reached the point where it realizes QE1 has FAILED, the $TRILLION created just sits as excess reserves....there is little or NO incentive to lend to an already inherent leaking falling DEMAND for loans.....either the QE2 won't be big enough to please the STREET or it will frighten the bond market into collapse......if QE1 was such an abject failure to cure the economies ills and create jobs, why would the FED INSIST on MORE OF IT?
Loss of jobs in many respects came directly from GOV and FED policies that shifted jobs overseas.....the expansion of EASY and CHEAP CREDIT (exactly what is in place now!!!!!!) led to the over indulgence on borrowing, consuming and unsustainable rise in certain asset prices including stocks and real estate.
Add in heavy dose of FRAUD, and voila presto chango ....smeared over all that was good and the stink continues to obscure the bad....WHY are failed assets kept OFF the books of these supposed SOUND BANKS? many are in fact ZOMBIE BANKS.
And all this new HOT CHEAP MONEY the FED is fondin creating continues to head directly into COMMODITIES, and OVERSEAS markets...yeah thanks for nothing asshole Bernanke for helping foreign economies and worsening the transition of the US into a 3rd world economy.....recently added jobs at INTEL and CAT 2 HUGE US companies...in places like Viet Nam and China....yeah thanks for nothing.
One years ago GDP was 5%.....now just reported 2%......are we already slipping back into a slowdown? we need 3.5% GDP to create jobs.
Consumer and small business confidence slinks along at a level consistant with a BAD RECESSION and is FAR AWAY from readings seen at prior Recsssions let alone RECOVERIES.
You can listen to the pundits and politicians speak, the FED tell you we got your backstop, we'll do all we need to do.....when in reality the adjustment period from a gluttony of bad credit excess and a return to the mean is being forstalled and prolonged by BAD POLICY....all this right in front of the elections....keep your eyes open for REAL CHANGE when you plod into the polling booth.
D
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Quantitive easing 1 did not fail and neither will QE2. My friend you have to first understand the reason behind QE. Was it designed to help the people? No! If it was then the Fed would have mailed everyone a check. It was primarily aimed at saving the behinds of the member banks of the Fed. QE2 is also needed now that banks are floundering under the mess they created in the first place. Seen the chart of financials and banks lately?
0% interest rate is for whom? Do you have a credit card which charges you 0% interest? Did any program by the govt or banks or Fed give any mortgage holder the option of 0% interest? No! 0% interest rate is for the banks. Every modification program by the govt is to save the banks behind. Banks dont have to pay you interest on your deposits thus starving grandma who depended on interest from CD's. Banks are able to borrow money at no cost and buy govt bonds and play the carry trade. You and I pay the banks the interest. Easy money!
The chains around your ankles are about to get tighter. QE2 will not reach the people. What it will do is raise the prices of everything you have to use in regular life like gasoline, cereal, clothes etc etc. Tighten your belts some more and pay your dues to your masters. They are getting impatient for their billions of bonuses coming due.
http://www.youtube.com/watch?v=Rj4aQ_zyXLM&feature=related
Its an old video. Still worth a watch if you havent seen it yet.
That is exactly the point. It has failed the people, but hit the mark for the banksters. More of it will not change our outcome, maybe not theirs either.
I am doing my best to reach people.
That is exactly the point. It has failed the people, but hit the mark for the banksters. More of it will not change our outcome, maybe not theirs either.
I am doing my best to reach people.
Yep. I hear you. Keep up the good work!
George Soros has done this to many economies; more importantly it has been done to the US to level the playing field and create one world currency. They want, one currency, and they want to destory capitalism. This was no mistake, and remember, you never have mistakes in policy. Too many people think that policy can be a mistake, but with the best minds in the world at the helm to set this policy, believe me, no mistakes were made. It is achieving exactly the outcome desired by the policy maker..ie, THE FED and Sociolist Reformers. Wait and watch what happens when the Unions get the green light to start rioting...just like Greece and in Ireland... watch the Pigs fall (spain, Greece, etc...) they lost the independence to take bail out money...and watch California fall and the rest try to save it, only resulting in the same wave of falling states to international control...it's coming. Look at airplane prices today, they have doubled for round trip tickets. Hyperinflation is not coming, it has arrived.
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