Monday, March 7, 2011 - 11:55 AM
QE3 On The Way?!
Atlanta Fed President Dennis Lockhart says oil prices might require the Fed to institute a new round of quantitative easing -- QE3:
Federal Reserve's Lockhart: Oil shock could lead to QE3 - Yahoo! Finance
Two+ years of miserable returns on savings isn't long enough to subsidize the irresponsible? Gee, maybe we can keep the Fed rate a zero permanently!
294 posts since
Jan 16, 2010
Rep Points: 1,885
1. Monday, March 7, 2011 - 2:44 PM
Unfortunately, Lockhart is not alone , a majority of the members of the Fed are considered dovish or in favor of stimulative monetary policy. Obama has appointed 4 members in the last few years, and they are all considered very supportive of using monetary policy to artificially stimulate economic growth. Probably the worse thing Obama has done has been these appointments to the Fed. They are intent on ruining the dollar and creating hyper-inflation in the not-to -distant future
363 posts since
Aug 3, 2010
Rep Points: 2,052
2. Monday, March 7, 2011 - 3:39 PM
"Helicopter" Ben Bernanke's Fed is going full steam ahead in their efforts to devalue the dollar and put the final nail in the coffin of savers. He admitted on camera that the goal of QE2 is to inflate the stock market. QE3 will be designed to completely discourage those from putting money into deposit accounts by making their money worthless. The goal is for all savings to be transferred to equities and commodities, including oil and precious metals. Bernanke wants to go down in history as the biggest bubble blower of all time. Even outdoing the "Maestro" Alan Greenspan's tech stock and housing bubbles. So far, it looks like Chairman Bernanke is well on his way. The only two people in government that recognize his game are Sen. Bernie Sanders and Rep. Ron Paul. Meanwhile the corporate media just ostracize them so they look like your average tinfoil hat types.
1,439 posts since
Apr 6, 2010
Rep Points: 6,151