FED wants to do more of what caused the middle-east revolts and the skyrocketing of commodities

And that's called Quantitative Easing 3!

Fed's Lockhart: Oil shock could lead to QE3

Arlington, Va. (CNNMoney) -- If oil prices continue to climb, it could force the Federal Reserve to make a new round of asset purchases, according to Atlanta Fed President Dennis Lockhart.

Appearing at the National Association of Business Economics in Arlington, Va., Lockhart said that while he doesn't think additional purchases are currently warranted, more stimulus could be needed if oil prices continue to climb.

Insane, just freaking insane. That will lead to : dollar going down, commodities going up, inflation in countries who have pegged their currency to the US dollar up, US bond rates are gonna go up.

This will lead to : more people who die of starvation, more people who revolt, more countries in chaos.

From chaos to order we shall build the new world order!

reply to post by Vitchilo


What idiocy the Fed already more than doubled the money supply in the first quarter of 2009.
if that did not "work" why in Hades do they expect more of same to work?

Our small businesses are choked to death, our manufacturing shipped overseas, our people taxed into poverty and soon starting in 2012, our farmers will have their land stripped from them through the Food Safety Law (It could even effect gardens and does effect ALL farms despite the dis-info about the amendment.)

You want to jump start the US economy?

Get rid if the FED! Get rid of half the stupid laws. Make drugs and prostitution legal and Tax ONLY Drugs, Alcohol, Cigarettes, Prostitution and Gambling!

There are 151 taxes now in the price of a loaf of bread — it accounts for more than half the cost of a loaf of bread. ~ Ronald Reagan.

According to an article in The New Republic of Dec. 2, 1991, in 1948, a married couple with median income and two children, paid only 2% in state, federal, and Social Security taxes. In 1999, Social Security was 15.3%, plus 2.9% for Medicare, out of the first $62,700 in wages, or $11,411.40, and then perhaps 30% in federal taxes…if you were lucky.... www.gold-eagle.com...

THAT does not include state and local taxes! The Fed accounts for over 40% of the National debt and that debt was for money that did not exist until the Fed wrote the CHECK!

What we need is a return to SOUND money and the banks to abide by the same rules of contract that the rest of us have to!

Mises on Money - A return to SOUND Money

reply to post by Vitchilo


Yeah.. I'm not really seeing how QE3 will help lower gas prices. Hell, if anything, it's going to cause them to rise.. as we've seen with gas and food prices under QE2

BUT .. I have to hand it to them.. the general American is so freaking stupid they have NO idea what's going on, what Quantitative Easing is, and how drastically it's effecting them.

Sound like just another excuse to illegally purchase assets (the Reserve is forbidden to own assets or liabilities .. so it's no wonder we cannot see their balance sheets, their ownership of illegal shell corporations and so on.)