Observers of the Fed's most recent activities may be joking about "QEI"-- Quantitative Easing Infinity-but they won't be kidding around when the international financial system comes to an extremely chaotic, really detrimental, very finite collapse.
Gold rates are surging once again because global capitalists know that the third round of quantitative alleviating announced by the U.S. Federal Reserve last week will only place a small Band-Aid on a world monetary system that is rapidly collapsing. As it dies, experienced investors are resorting to recommending gold and priceless metals as the only safe sanctuary.
Foolishly, Fed Chairman Ben Bernanke and his minions on the Fed task force are attempting to convince Americans and the world--with the support of an ever-obliging financial-news media-- that "QE3" will certainly help the economic climate grow once again due to the fact that it will include the U.S. government investing in an extra $ 40 billion a month in mortgage debt until the labor market gets better.
President of the Federal Reserve Bank of Chicago Charles Evans said in a speech this week in Michigan: "Given the slow and fragile recovery, the large resource gaps that still exist, and the large risks we face, it remains clear that we needed a more resilient economy," He claimed that the QE3, on top of the preliminary QE1 and QE2 over the last few years, "supplied a much more accommodative financial policy that may assist us obtain such resilience."
Hogwash. QE3 is only aimed at trying to bail water off the sinking ship of the U.S. economy, at least enough to stave off further economic deterioration in the next several weeks and help President Obama get re-elected. Republican presidential candidate Mitt Romney already has said he would sack Bernanke.
However, the real outcome of QE3 will be that the Fed will definitely print billions more dollars and forcibly inject them into an already-dying economic situation, further decreasing the value of the dollars that actually exist and robbing its holders-- American individuals and global capitalists-- of even more of the dollar's "true worth."
There will be an even higher cost of living during the short spell before the economy sinks. As for the long term situation-it is now even shorter. Bernanke will not be able to "infinitely" administer the goods from quantitative easing since QE3 will just expedite the coming crash of the whole American economy and the world economic system.
Gold rates are surging once again because global capitalists know that the third round of quantitative alleviating announced by the U.S. Federal Reserve last week will only place a small Band-Aid on a world monetary system that is rapidly collapsing. As it dies, experienced investors are resorting to recommending gold and priceless metals as the only safe sanctuary.
Foolishly, Fed Chairman Ben Bernanke and his minions on the Fed task force are attempting to convince Americans and the world--with the support of an ever-obliging financial-news media-- that "QE3" will certainly help the economic climate grow once again due to the fact that it will include the U.S. government investing in an extra $ 40 billion a month in mortgage debt until the labor market gets better.
President of the Federal Reserve Bank of Chicago Charles Evans said in a speech this week in Michigan: "Given the slow and fragile recovery, the large resource gaps that still exist, and the large risks we face, it remains clear that we needed a more resilient economy," He claimed that the QE3, on top of the preliminary QE1 and QE2 over the last few years, "supplied a much more accommodative financial policy that may assist us obtain such resilience."
Hogwash. QE3 is only aimed at trying to bail water off the sinking ship of the U.S. economy, at least enough to stave off further economic deterioration in the next several weeks and help President Obama get re-elected. Republican presidential candidate Mitt Romney already has said he would sack Bernanke.
However, the real outcome of QE3 will be that the Fed will definitely print billions more dollars and forcibly inject them into an already-dying economic situation, further decreasing the value of the dollars that actually exist and robbing its holders-- American individuals and global capitalists-- of even more of the dollar's "true worth."
There will be an even higher cost of living during the short spell before the economy sinks. As for the long term situation-it is now even shorter. Bernanke will not be able to "infinitely" administer the goods from quantitative easing since QE3 will just expedite the coming crash of the whole American economy and the world economic system.
About the Author:
Find out more about buying and selling gold, or visit Anne Trimble's site to read her eye-opening book Faith Through The Flames.
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