Has the Fed realized QE isn't working?

Do you blame the big Colombian cocaine sellers

or the average street dealer in US city

FED is like the mega mafia

Congress is like dealers.

They all need to hang

Quote from FrostBead:

Don't blame the Fed, blame congress. What has been the explicit aim of the QEs?

If it is to provide growth - then no it has not provided enough growth to justify the levels of currency debasement.

BUT, if it is to avoid volatile debt and default of various assets - that has been avoided. When people say that the US should let the market correct - how much do they expect slashed spending to subtract from GDP? The immediate weight of the debt will be felt even harder if they slash spending. Sustainability is not reached through sinking the boat now.

I don't think QE solves the fiscal problem, but it gives price stability given the huge debt vowen into the system. The expansionary policy is better today than contractionary ones.

Government is still running a 1 trn USD deficit annually and that will be met with big ass number expansion of the Fed balance shiit. 0.02$
More...
 
I guess you would have to resort to slinging dope when unemployement is that high. You are right about blaming the mob, but congress is the mob pal. Fed is just forced into the (street) corner.
 
Just be glad that BUBBLE ben bernanke will be speaking this week, he will come up with some new creative ideas to prop up stocks and financial markets so the bulls can be happy once again. He better do something to prop up stocks or this will not be a good christmas for anyone. I mean hasn't he done a great job already HAHAHAHAHA!!! Just remember he cant do anything to fix this economy so don't even listen to the worthless ideas he will carry forward when he speaks towards the end of the week!
 
Quote from FrostBead:

I guess you would have to resort to slinging dope when unemployement is that high. You are right about blaming the mob, but congress is the mob pal. Fed is just forced into the (street) corner.
More...

You must be new so I'll cut you some slack and not call you an idiot right away

Federal Reserve is not federal and there are NO reserves.

FED is a Private not national, PRIVATE central bank owned by European Jewish families as well as owned to a lesser extent by Goldman Sachs of US and few other banks.

Federal reserve came to power in 1913 by finding a way to screw democracy and pay off congressmen, read book, creature from Jekyll Island..

FED prints and LOANS dollars to US government, every single dollar exists with interest attached to it which is not the case with China and Russia.

FED is above the government in power
FED is above the congress in power
FED is owner and GOD of United States.

Fed owns the US dollar as currency, dollar is their property not yours.

Names of people who own the fed are, Rothschilds, Morgans, Warburgs, and to lesser extent Rockefellers

They are living breathing people of flesh and bone
 
Quote from intradaybill:

So what do you see wrong with saving banks? Would you rather see banks collapse? Are you nuts?

The dollar was not debased. This is media propaganda. You are probably to young to know the history of exchange rates. There was a time in the 1980's when 1 DM = $2. Nobody screamed then that the dollar was debased.

If the EU problems continue the dollar will skyrocket. It will be perfect time for QE4.
More...

Note.

1. I would rather have seen the banks collapse then then now... which they are going to still do, absent turning the dollar to toilet paper.

2. Have you seen what is happening with BofA.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=225898&highlight=BAC

3. Have you seen how much money the fed gave away...
leading to an even bigger moral hazard...
as the world now comes to the Fed for trillions.
http://www.bloomberg.com/news/2011-...y-got-1-2-trillion-in-fed-s-secret-loans.html

side note... too bad I am not too young.

4. I visted Europe multiple times in the 80s, as a student and then as part of my job.

In 1986 Lift tickets at chaminoix were 11 dollars a day.
I chipped in for a hotel room in the town. My share was 7 dollars a day.

10 days of traveling eating lodging and exchange money for francs and swiss francs... a great leather jacket and air fair cost me 700 dollars.

As far as the dollar goes.

The majority of U.S. politicians were arguing the dollar was too strong because it harmed exports. But there were people screaming against devaluation.
 
You must log in or register to reply here.
Back
Top