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QE3 is on its way, says Nomura, predicting the Fed will announce new measures to boost the size...
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Friday, November 18, 2011, 5:04 PM ETQE3 is on its way, says Nomura, predicting the Fed will announce new measures to boost the size of its balance sheet in 1H 2012, after Operation Twist winds down. However, it expects the next round of monetary easing to be relatively modest, with the Fed's balance sheet "merely" rising from $2.64T to $3T in 2012. (Dudley comments)
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Total cost of all major US government programs including NASA, Korean and Vietnam wars (inflation adjusted): about $4T.
Total cost of bank bailouts, Fed reserve junk paper buybacks (to be written off), and stimulus/ deficit spending since 2000: about $9T.
So in the last few years the US government has exceeded all the major spending initiatives it has taken in its history, inflation adjusted.
Make no mistake: we are heading for collapse.
Our inflation-adjusted GDP is 5X what it was is the 1940's:
http://bit.ly/tUWzpD/
Screw you and Dudley!
...And the horse Dudley "do no right" rode in on!
The stupidity of this type of mis direction is ear splitting!
If your listening!
If we get more useless QE, are we supposed to be grateful?
The average working slob (you and me folks) will get shafted with higher food / fuel prices and no way to get or keep up with the rising standard of living! This is deflationary! Have little / no debt!
Risk off, time to get really small and liquidity is / will be king!
More QE may be manna from heaven to the traders of Wall Street but will be paid for with the continued and direct debasement by Bernanke of the American standard of living!
The fed would open a can of "Whoop Ass" on the already struggling American worker / consumer!
What do you think the already to high price of oil is telling you at $ 100 a barrel?
This is good for the working man, how?
O.W.S. is a borderline "Insurrection" that the S.E.I.U. union goons have lost control of!
Wait till it really goes off the rails.
Van Jones / Valerie Jarrett are besides themselves! Francis Fox Piven is still looking for more rioting in the streets, like during her beloved "WATTS RIOTS" of the '60's!
This is not going to end well.
Pour on the gasoline of more QE and runaway food and energy prices, you have got to be freakin' kidding me!
The time is now to finally admit we have a mathematical problem and address it as such, or we are not going anywhere!
Deleverage!
Bull crap "Budget Cuts" that cut zero!
They Cut the so called "Growth" in it! This is the best we can do folks?
Then be honest with the American people and tell them that we are way to immature to do what is required of us, we can not scare you, the American people!
We the people demand the real deal!
No more hide it behind the back moves!
The can has been kicked down the road for decades! Guess what?
The can just hit the "End Of The Road!"
This is math kids, pure and simple!
It will be painful, no doubt about it!
It will take years, maybe ten hard years!
But if we "Bull Sh**, "Our Way through This" again for five more years, or to even contemplate that, would be the death knell financially for this once "Proud and Mighty" country!
Cut spending!
Cut a whole department or three, why not?
The coming "DEPRESSION" will do the dirty work if you refuse!
It is up to you and I. America is great because Americans are good! We run from no challenge!
We the people can always be counted on to do the right thing!
The extreme opposite of what we have come to expect from our Congress and this Administration!
God help this proud republic!
No mob rule, O.W.S. style democracy needed here!
Equal justice!
Never Social Justice!
Individual Salvation!
Never Collective Salvation!
May the good lord watch over this fragile little experiment in freedom / self rule called America
Jerry
Jerry