Here it comes--Ben "the wealth slayer" Bernanke's QE3 To Infinity And Beyond
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Here it comes--Ben "the wealth slayer" Bernanke's QE3 To Infinity And Beyond

This is a discussion on Here it comes--Ben "the wealth slayer" Bernanke's QE3 To Infinity And Beyond within the Off-Topic forums, part of the Main Category category; Federal Reserve Chairman Helicopter Ben Bernanke stepped up his war on Americans with his recent announcement of QE3 (quantitative easing) ...

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    Default Here it comes--Ben "the wealth slayer" Bernanke's QE3 To Infinity And Beyond

    Federal Reserve Chairman Helicopter Ben Bernanke stepped up his war on Americans with his recent announcement of QE3 (quantitative easing) to infinity.

    QE is Bernanke-speak for debasing the currency. It’s a time-honored practice for stealing the wealth of the middle and lower classes and transferring it to the politicians and banking cabal and supporting perpetual war.

    According to the bearded wonder, the Fed is embarking on an open-ended program to buy mortgage-backed securities (MBS) from banks. The plan, he says, is to buy $40 billion in MBS each month ad infinitum, believing this will spur the moribund housing market into action and reduce unemployment. Whether he really believes what he says is open for debate. If he really does, he should be replaced for incompetence. No, let me restate: He should be replaced for incompetence regardless.

    The Fed has “bought” more than $1 trillion worth of MBS since 2009, to no avail. Housing prices remain stagnant and unemployment remains above 8 percent (as it has been for almost four years). Yet we are told that all that is needed is more QE — this time, to infinity and beyond.

    Few of us realize that most of our money is just a bunch of electronic blips. We talk about our paper money system, but paper money represents only a very small percentage. These electronic blips are what Bernanke is pushing into the reserve funds of banks in exchange for MBS.

    Most of our monetary system is electronic; it is created and erased with great care. This means that daily we place our faith in ether, believing that we have money, savings and wealth.

    Our electronic money, which we believe is wealth, makes the Dutch “Tulip Bubble” of the 1600s seem sound. People invested their life savings in tulip bulbs, thinking of tulip bulbs as wealth. At least the Dutch of that day could see and feel the tulip bulbs.

    Not so our electronic money. We can’t see it, we can’t touch it, nor can we smell it. The government uses electronic money to steal without anyone being aware. They can and do transfer wealth from the American people by massive electronic creation of money. This is subtle depreciation and devaluation of the U.S. dollar. There need be no official announcement. There is no legislative approval. It is silent. It is a stealth system of theft. All modern financial instruments are electronic. Think!

    Therefore, the paper money that you have in your pocket is gross deception. We look at it, and it looks the same as always. But it is moving toward worthlessness all the time; few people can see or understand that. This, my friends, is the work of the Federal Reserve, “our central bank.” The dollar has lost more than 95 percent of its purchasing power since the Fed was instituted in 1913.

    Do you know that a national central bank came right out of Karl Marx’s Communist Manifesto? Dr. Ron Paul knows it. That’s why he has spent years trying to get rid of it. He knows that there is no such thing as a central bank (Federal Reserve) and honest money at the same time. If others of the political class know it, they aren’t saying so — particularly not the two rubes auditioning for chief puppet to the banking interests and globalists.

    “The problem with fiat currency systems is that they lack the self-correcting mechanisms of a gold standard; if prices increase too much, there is no market mechanism to bring them back down. The historical evidence over many centuries and around the world suggests that governments tend to follow fiscal and monetary policies that foster higher prices. In the absence of a gold standard, there is little to restrain them from printing fiat money to excess. All the fiat currencies of the world have lost value over the years, and none is immune from the rot of officially sponsored inflating.” (quoted from AIER.ORG)

    Interest rates on savings are at or near zero. This is devastating to savers and those on fixed incomes. Artificially low loan interest rates encourage malinvestment. The influx of QE into the system creates bubbles and temporary, unsustainable spikes in the stock markets. Americans have been deluded into thinking a rising stock market signifies a healthy (or improving) economy. But this is not so when the rise is artificial, sparked by an influx of fake money.

    Only some few buy gold and silver to exchange the electronic money system into physical wealth. Unfortunately, it is too few.

    We hear every day how costs go up, especially college and university tuition. Well, fancy this reality. There is a website entitled www.PridedinGold.com, where we can see that presently those who pay in gold for one year at Yale University will find that it costs about the same as it did in 1900: 1 kilogram of gold.

    Gold and silver are permanent money. Get as much as you can as soon as you can, and hold onto it. Thanks to QE3 to infinity, commodities are beginning to rise to infinity. This includes gold and silver.

    All dollar assets are evaporating. Only gold, silver, land and commodities appreciate when paper money is collapsing. Paper money is the rot of our land; but politicians, bankers and government love it. It allows them to line their pockets and spread more welfare money to a deceived and dumbed down dependent class. With only one or two exceptions, the political class prefers to keep the present system because they benefit from it.

    They create it and perpetuate it as long as they can at all costs, because it is a wealth-transfer system to the government from the middle class. But this time, we are treading where none have before trod.

    Look to Greece and Spain to see where we are headed. We would be there already were it not for massive money printing to pay for food stamps and 99-week unemployment benefits. This keeps the people fed, content and distracted for a time. But Greece and Spain show what happens when the money collapses.

    What I call the “Great Reset” is coming. Neglect to prepare at your own risk. It will be a tough time for many people.

    But once we go through the fire, a system based on sound money and Constitutional principles will be established.

    QE3 To Infinity And Beyond : Personal Liberty Digest™
    "Those who would trade liberty for security, deserves neither liberty nor security."
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    This is why we should not have a political system that promotes career politicians. There should be no lavish retirement as our elected representatives have set for themselves. Not at all what our founders envisioned. If they had envisioned career politicians we would have had a monarchy not a representative republic. You may be right longside, we need the "Great Reset" to get us back to a system based on sound money and Constitutional principles. Our current political system certainly doesn't have the balls to do it otherwise.
    "You can get a lot accomplished if you don't care who gets the credit" - Ronald Reagan

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    How do you get rid of a powerful corrupt mafia like our current govt? I see only one way and it has to happen sooner or later preferably sooner. I think millions would join in once that ball got rolling. Where and who is our modern day George Washington?
    "Those who would trade liberty for security, deserves neither liberty nor security."
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    Quote Originally Posted by longslide10 View Post
    How do you get rid of a powerful corrupt mafia like our current govt? I see only one way and it has to happen sooner or later preferably sooner. I think millions would join in once that ball got rolling. Where and who is our modern day George Washington?
    It must start with information and education, people must be informed of the failed policies, they must be informed of what true liberty is, the must be infromed of what sound money really means, they must be woken up! Spread as much information as you can, talk to as many people as you can, encourage them to educate themselves and their family, encourage them to get politically involved. It's then that we may actually see movement in the right direction...

    It won't happen over night, it'll take years to get it done... but it can be done. Once the seeds of true liberty are set in individuals, the course of history is allowed to change via those that stand up to tryanny. Educate, educate, educate!
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    Unfortunately they have managed to dumb down the American public to the point that they don't understand enough to learn what's happening. It would take three generations to overcome the dumbing down. Even the today's teachers don't know what to teach to educate the public as the teachers themselves have been dumbed down.
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    Quote Originally Posted by fuhr52 View Post
    we need the "Great Reset" to get us back to a system based on sound money and Constitutional principles.
    The Great Reset, I like that.
    Or the Great ***** Slap!
    or How about the Great Ctrl-Alt-Delete.
    I don't know the reboot sequence for you Mac users. (if there even is one)
    A reboot or reset is really not revolution, it is more of a house cleaning using extreme measures.

    AS far as OP he is trying to insure an Obama Victory. If he can keep the market propped up prior to the election, the sitting Prez wins in Up markets.
    Tolerance of the intolerant leads to the destruction of tolerance. “You are also reminded that any inappropriate remarks or jokes concerning security may result in your arrest,” in the land of the free.

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    His actions are making savings accounts worthless. First, they set interest rates artificially low. Then they print more money forever. There is virtually no safe way to store money. You can gamble it in the stock market, or you can watch it shrink due to inflation.

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    Quote Originally Posted by JimPage View Post
    Unfortunately they have managed to dumb down the American public to the point that they don't understand enough to learn what's happening. It would take three generations to overcome the dumbing down. Even the today's teachers don't know what to teach to educate the public as the teachers themselves have been dumbed down.
    It's called dumb and dumberer
    "Those who would trade liberty for security, deserves neither liberty nor security."
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    Quote Originally Posted by gunnerbob View Post
    It must start with information and education, people must be informed of the failed policies, they must be informed of what true liberty is, the must be infromed of what sound money really means, they must be woken up! Spread as much information as you can, talk to as many people as you can, encourage them to educate themselves and their family, encourage them to get politically involved. It's then that we may actually see movement in the right direction...

    It won't happen over night, it'll take years to get it done... but it can be done. Once the seeds of true liberty are set in individuals, the course of history is allowed to change via those that stand up to tryanny. Educate, educate, educate!
    A true statement there gunner but we don't have 3 or 4 generations. Teachers refuse to or are too scared to educate. They don't want to go against the system---the gubbament approved progressive liberal commie brainwashing program. We are the generation that must do something or as Ringo has pointed out numerous times, it is written so it shall be done. The end of days are upon us so maybe we should just ignore everything including the lousy circus leaders chosen to....ahem, represent us and let God work his mojo.
    "Those who would trade liberty for security, deserves neither liberty nor security."
    "The original point and click interface was a Smith & Wesson".

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    Quote Originally Posted by golocx4 View Post
    The Great Reset, I like that.
    Or the Great ***** Slap!
    or How about the Great Ctrl-Alt-Delete.
    I don't know the reboot sequence for you Mac users. (if there even is one)
    A reboot or reset is really not revolution, it is more of a house cleaning using extreme measures.

    How about...I CALL DO OVER!


    AS far as OP he is trying to insure an Obama Victory. If he can keep the market propped up prior to the election, the sitting Prez wins in Up markets.
    Quite the contrary. Trying to put articles out there so people can protect there worth if there is any left. I don't know if an influx of monopoly money will help Nobama at this point. There has been so much damaging evidence over the past four years. I hope he doesn't win and if he does I would suspect foul play somewhere between our voting machines and Spain--a trick perfected by Bush Jr. Actually he should be arrested and jailed (I am being very civil here---I would much rather see something else more 15th/16th century) for treason and other crimes against the constitution and Americans.
    "Those who would trade liberty for security, deserves neither liberty nor security."
    "The original point and click interface was a Smith & Wesson".

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