QE∞ is here and ALL substantial dips in gold and silver MUST BE BOUGHT.
QE3 has not even been in effect for 2 weeks and the San Francisco Fed’s John Williams is already stating that the counterfeiting…er…quantitative easing may need to be expanded beyond mortgage backed securities.
Perhaps after purchasing every MBS on the market with newly printed money the Fed can buy up every tungsten filled fake gold bar from China Tungsten-Alloy.com and properly saturate the gold market, thus inflating gold stocks as quickly as the fiat dollar.
SAN FRANCISCO (MarketWatch) — The Federal Reserve could expand its stimulus package to include assets other than mortgage-backed securities if the U.S. economy fails to respond to its latest effort to jump-start the economy.
“Unlike our past asset-purchase programs, this one doesn’t have a preset expiration date,” said San Francisco Fed President John Williams at a speech at the City Club on Monday. “Instead, it is explicitly linked to what happens with the economy.
At its monetary-policy meeting on Sept. 13, the U.S. central bank said it would buy $40 billion worth of mortgage-backed securities per month as part of a stimulus plan colloquially known as QE3 — for Round 3 of quantitative easing.
“We might even expand our purchases to include other assets,” he said.
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Do not discount the possibility that our own Treasury Dept. may be behind the recent findings of gold clad tungsten bars. Motive may be to discredit gold. We see the same strategy with the Super Note, those perfect conterfeit $100 dollar bills. What better way to prevent a flood of Euro-dollar currency from coming back into the American economy causing severe inflation than to put the fear of gov’t confiscation into foreigner’s minds. Meaning it’s probably our gov’t behind the Super Notes. And who knows our gov’t may be behind the recent tungsten scare. Sad thing to say is I would not put it past them.
It takes a government printing plan to give a bad name to the already discredited word ‘rehypothecation’
“We might even expand our purchases to include other assets’
What other assets? Used Ford F 150s? Maybe a Chevy Vega or two?
The government owns all the student loans to the tune of $1 trillion. 80% of all home loans throught the nightmare of FHA/GNMA and much of the auto loans through GM What’s left?
Maybe they can buy up Uncle Joe’s loan to his nephew, secured by a second hand Ikea crapolo dining set? QE 3 has been thoroughly discredited as a completely insane attempt to control credit markets and national debts that are totally out of control.
Propping up the Too Big to Jail mega banks with another shot of currency cocaine will solve nothing. This QE 3 is just another enormous hog wallow of bankers, politicians and government drones trying to keep their heads above water long enough to drown the entire world with worthless paper. This is going to end so badly that I seriously doubt that these people will be able to get out of town before they are strung up by the outraged citizenry furious beyond all imagination at the treachery of these leeches
While us, the physical buyers will be floating on top of these worthless paper since our physical PMs will act as a boat. Those who doesn’t grab our hands will be perished soon in a close future.
Well sooner or later they will run out of land to buy… and I see the feds doing a lot of foreclosing to force people into their idea of 270 square foot apartments.
Let them do whatever tricks they have but can’t stop the unstoppable event. They should just let the whole thing collapse already so that this way, the sheeple will learn from their mistakes and won’t be suffering anymore because of inflation.