posted on Apr, 19 2011 @ 06:59 AM
Federal Reserve Chairman Ben S. Bernanke may keep reinvesting maturing debt into Treasuries to maintain record stimulus even after making good on
a pledge to complete $600 billion in bond purchases by the end of June.
So last night I watching RT with a panel talk. The commentator from Harvard is going on saying that no restructuring is necessary for the US economy
and the QE2 is doing the job, growth is back up and unemployment is down. so there's no need for QE3.
Weeeeeeellll . Not in so monay words, from the Fed but if this was the case, why would Bernanke and buddies be affirming commitment to the
monetisation of debt post June, citing weak economy and inflation.
Because just like everyone else, they know what is going on, know what is happening. and without this the gravy train de-rails.
My question just how long really do they intend to keep bleeding, resuscitating and bleeding the economy, under the pretence that all is good and rosy
in the land of the Free. In the end and it will be the end soon. the crash will be harder than anyone expected. Well maybe us here ion ATS.
Could it not be, that as B.H.O adopted this situation from his illustrious predecessor, knowing he cannot do anything to reverse it, has ordered that
the FR will keep things running until his term completes, so he can pass it on for some other punk to shoulder the blame, just as GWB did with him.
If this is to be believed, then this will continue hemorrhaging with obvious damage being done, worsening situation. and will start to fall apart as
the elections kick off next year. That is of course unless China start to pull out more and more, or more pressure forces comex into default. Or the
opposition / bond market refuse conditions to allow the US to raise the debt ceiling. forcing to US into a premature default situation.
All I can say, is well done to them for keeping the party going this long. but all will be revealed soon!