posted on Sep, 3 2012 @ 04:01 PM
Originally posted by projectvxn
Here's my question for Mr. Bernanke.
, purchased to artificially depress interest rates and rescue an insolvent banking system. Bad financial assets that have lost
value to such a degree that there is no viable market in which to trade them. And as buyer of last resort, one could say the Fed itself is now
The only mechanism supporting the ponzi is their ability to print more money, and Gold, the ultimate monetary barometer is sounding the alarm.
The quality of Bernanke's balance sheet is "old hat" for projectvxn; just thought I'd help fill-in the blank for those who may not be as
03 Sep 2012
Federal Reserve has already started QE3, says investor Jim Rogers
Veteran US investor Jim Rogers believes the Federal Reserve has already launched a third round of quantitative easing, despite chairman Ben Bernanke
failing to mention stimulus measures in his Jackson Hole speech last week.
Mr Rogers, who co-founded the Quantum Fund with George Soros, believes that America's central bank is secretly printing money to avoid "getting egg
on their face again" after previous attempts to kickstart the faltering economy with $2 trillion of QE failed.
"I do not know if they [the Fed] will announce it," he told India's Economic Times. "I know they are going to print more money. They already are.
If you look at their balance sheets, you will see that something is happening, assets are building on their balance sheets and they are not coming
from the tooth fairy. -