A continuation of the previous 'Will there be a QE3' thread. http://www.politicalforum.com/economics-trade/190419-will-there-qe-3-a.html Or, to put it another way, are the Fed as macro-economically ignorant as most people with macro-economic common sense seem to think they are?
Its either that....total collapse or war. War is probably coming regardless. The FED is out of ammo. The BLS rigging of numbers can only last for so long. Outsourcing and being a service based economy can only last for so long. When the financial centers and dollar collapse...it is all over. That is why they are doing everything under the sun to try and prolong this disaster. Hundreds of trillions in derivatives. It is simply too late...they have proven that instead of trying to fix the problem...which would cause a MAJOR depression unlike we have ever seen but would allow us to start fresh...they have decided to only delay the inevitable collapse making it worse.
Looks like I was dead on right about my prediction from the original thread back in june of 2011 when I said: "Yes....may be within a couple weeks of the official end of QE2 this month or sometime over the next year but it will happen. " The thread was started by Bacardi asking if there would be QE3.
I really hope not. I am already outraged at QE - Part I Most Americans have absolutely no idea where all this new money is coming from, or what its creation is actually going to do to the economy. You can't magically improve the economy by printing more money and buying up more assets. There is no such free lunch.
