QE3 is On in a Big Way!

Don I LOVE your poem. May I share:-)?

Rock-a-bye economy In the tree tops When the Fed prints The economy rocks When the Fed stops The economy will fall And down goes the world Economy and all.

Kerosene on the fire

More inflation for the CHINESE...

More debt

The Fed is having too much Kool-Aid again...

QE 3.. just passed! low interst rates till 2015! We the people (the usa) just agreed to buy bonds (going to borrow) from the BIG BANKS, at INTEREST! Wake UP PEOPLE!!!!! Why would we take on another (credit card, car loan, house payment, etc. etc.) when we are 16trillion dollars in debt!! Please ask me for further explanation, if you don't understand this!!!!! Remember the Big Banks, the ones we GAVE BILLIONS to in BAILOUTS, We are now borrowing it back at interest!!! I open a printing press to print money. then i give that money to big banks. then i turn around and say, let me borrow back that money i just gave you and i'll pay you interest as well. smart? or not smart? then the big banks take the money i gave them, and re borrowed, and they lend that money to all of you at interest! we all pay interest on the interst from my printing press as well!! ???

Are they nuts?

If only the FED would then create an atmosphere where those in need of lower mortgage rates and those facing foreclosure do not lose their homes....

END THE FED!!!

f....g stupid congress

Chris Powell, Secretary and Treasurer of the Gold Anti-Trust Action Committee told Bernie Lo on CNBC Asia overnight that central banks are continuing to manipulate the gold market as they are interested in supporting government bonds and the dollar and keeping interest rates low. Powell warns about “paper gold” and says that we “try to persuade investors that if they are purchasing gold, they had better get real gold – metal. They should not get “paper gold” and keep it within the banking system.” He says that “there is huge naked short position in gold” and estimates that perhaps “75% to 80% of the gold that the world thinks it owns does not exist and is just a claim on a bullion bank that is underwritten basically by the central banks.” With regard to price Powell said that he does not make predictions but he wonders “what the value or the price of gold will be if the world ever discovers that 80% of the gold that it thinks it owns – does not exist.”

Nick- what do you think about the suggestions that the great majority of gold that people think they are buying, simply does not exist in the market? The number I heard was 80%.

let it rain!

If they don't bail out the banks, they will collapse. This will wipe out depositors. Not only will people be penniless, but also jobless as their employers will also be wiped out. This is the problem with an irredeemable debt-based currency. Every time they face a crisis, it's either collapse or bailout. Every time they bailout, they both postpone the collapse and make it larger and nastier when it comes.

You expected otherwise? Ovomit and Ben Bernancubus just CANT have a big market correction - or the crash that should have already come - this close to the election!!