QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

Fed Folds: Will Do Open-Ended MBS Buying, Extends Operation Twist


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Submitted by Tyler Durden on 09/13/2012 12:33 -040

Bernanke has acquiesced and is now the 4th branch of the status quo- and all is well in the world:

• *FED TO KEEP POLICY STIMULATIVE FOR `CONSIDERABLE TIME'
• *FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN'T IMPROVE
• *FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO END
• *FED TO BUY $40B MBS MONTHLY, CONTINUE `OPERATION TWIST'
• *FED TO BUY MBS, EXTENDS ZERO-RATE POLICY INTO 2015

To summarize:

• The good news: The Fed's NEWER, OPEN-ENDED and NEVERENDING QE is bigger, longer, and has a Retina display (however its battery life is far shorter).
• The bad news: The Fed has now confirmed it is merely a sad, political, self-frontrunning caricature of what a central bank should be.

more at: http://www.zerohedge.com/news/fed-fo...peration-twist

Attachment 3706

hahahahahahahahahaha

gold up $39.20 and silver $1.44 in 2 seconds.

Gold Update: Comex Gold Pops Higher on FOMC Announcement of "QE3"

Thursday September 13, 2012 12:39 PM

The gold market surged higher in the immediate aftermath of the FOMC announcement that the Federal Reserve has embarked upon more quantitative easing of U.S. monetary policy--nicknamed QE3. About 15 minutes before the FOMC announcement gold backed off a bit on some nervous profit taking and position evening. The FOMC statement that said the Fed will now pump $40 billion a month into the U.S. financial system sunk the U.S. dollar index to a fresh four-month low, while gold popped to a fresh six-month high of $1,756.30, basis December Comex futures. As of this writing the gold market had backed down a bit from its daily high, while the dollar index rebounded a bit from its daily low. December gold last traded up $12.00 at $1,746.00.

How do they say... WOOT!

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Originally Posted by chad

hahahahahahahahahaha

gold up $39.20 and silver $1.44 in 2 seconds.

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And XAU jus popped higher 4.3%!

Hey Chad,

Is that a roll of silver eagles in your pocket or are you happy about the news?

You know what this means........

The timing is sort of strange, or maybe not, with the shit brewing over there in camel land.

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Originally Posted by mamboni

And XAU jus popped higher 4.3%!

Hey Chad,

Is that a roll of silver eagles in your pocket or are you happy about the news?

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both! :D

Can we post rockets now? lol

To infinity....and beyond.

FED shows they have no other option but (eventual) hyperinflation.

Look out 3rd world, food prices are going to explode in 3-6 months.

Can anyone explain how any money gets to private citizens? You know.... the little people?

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Originally Posted by Spectrism

Can anyone explain how any money gets to private citizens? You know.... the little people?

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Can you please explain?

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Orbit has been established, and no prisoners will be taken!

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Originally Posted by Spectrism

Can anyone explain how any money gets to private citizens? You know.... the little people?

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I know you've been around long enough to know the answer here Spec. Treasury buys dollars from Fed, at interest, then gives dollars to welfare recipients. It's government sponsored bottom up growth.

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Originally Posted by Spectrism

Can anyone explain how any money gets to private citizens? You know.... the little people?

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"Earned" income tax credits!

('cept they gotta make you poor enough to qualify for 'em first)

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Originally Posted by Spectrism

Can anyone explain how any money gets to private citizens? You know.... the little people?

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It doesn't. Little people don't matter.

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Originally Posted by Errosion Of Accord

I know you've been around long enough to know the answer here Spec. Treasury buys dollars from Fed, at interest, then gives dollars to corporate (bank) welfare recipients. It's government sponsored top down annihilation.

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fify

Let's think about what they say they are doing. The fed buys up Fanni & Freddie mortgages. The concept is that it frees them up to lend more. Who is borrowing? Nobody. When Fannie & Freddie get their payoffs, where does that money go? Bonuses.

So how long will it take for Max Silversteiniewicz to spend enough money for you to realize one dime?

What I am getting at is to be careful of the hype. This house of cards market will tumble down because it is unsustainable. Prices depend on buyers. People without money are not buyers.

Take an infinitly long very flexible rope- and call it QE-infinity. Show me how high you can push that rope into the sky.

If you want to push on a rope, you need external guides and narrow channels. Think about what that means.

Bernanke

Blah, blah, blah.......

He's good at talking in circles, and will continue to kill the usd. His only real hope is for all other governments to do the same to their currency as well. But sooner or later someone, or a group of countries will break ranks and establish something akin to a more stable currency. The beggar thy neighbor game will someday end.

We are in the end game.

For many decades, the banksters have been leading up to this time. What do they want at the top levels? When you can answer this, you will know their next steps.

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Originally Posted by Spectrism

We are in the end game.

For many decades, the banksters have been leading up to this time. What do they want at the top levels? When you can answer this, you will know their next steps.

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The FED goes out of business after 99 years ... that would be the end of 2012. What matter what they say or do?

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Originally Posted by Spectrism

We are in the end game.

For many decades, the banksters have been leading up to this time. What do they want at the top levels? When you can answer this, you will know their next steps.

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Keep in mind that the end game can last a long time. For the Roman Empire it was about a century.

Nobody jumped at it?

The fed is just the front tool for the global elite.

They are after these things:

collect assets
consolidate power
cull the herd

For the fed to now be openly taking on debt assets, they are in a position to take the collateral. They don't want useless money which they create. They want assets and control over the world. Watch for more teeth in certain foreclosures. I expect the fed will be buying stocks- companies outright.... or through member banks.

Just before they destroy the money, they will collect up as much of the properties as they can, and force the destroyed money system to be "saved" by a new one. Part of their crisis-demands-new world order plan will achieve their goalof reducing the population.

They have no choice once they started down this path. QE to infinity.

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Originally Posted by Silver Rocket Bitches!

They have no choice once they started down this path. QE to infinity.

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They don't have enough QE to escape gravity. At some point in the rarefied atmosphere of QE-high, gravity will exceed their best efforts at increasing thrust.

just--> must---> lust----> thrust-----> bust-------> rust

Just money was perverted to fake money under a government-meddling crisis and foreign powers telling key fficials they must submit to the fed money to fulfill their lust for power and wealth. The thrust has been gaining size for 70 years with infinity/ exponential growth goals looming ever-higher for continuance.

Countdown to bust: T minus 183 days.

BTW- rocket failure can happen earlier.

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Originally Posted by Spectrism

Nobody jumped at it?

The fed is just the front tool for the global elite.

They are after these things:

collect assets
consolidate power
cull the herd

For the fed to now be openly taking on debt assets, they are in a position to take the collateral. They don't want useless money which they create. They want assets and control over the world. Watch for more teeth in certain foreclosures. I expect the fed will be buying stocks- companies outright.... or through member banks.

Just before they destroy the money, they will collect up as much of the properties as they can, and force the destroyed money system to be "saved" by a new one. Part of their crisis-demands-new world order plan will achieve their goalof reducing the population.

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42 years latter, the plan is still on track with thanks to Clinton running NAFTA through.

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They had to destroy America for this to happen. If America did not send its factories away, there would have been an earlier need for world war. As we approach our death throes, many will fight and violence will come.

from my cousin at an extremely large financial institution: look for vat/transaction taxes on all PMs very, very, very soon.

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Originally Posted by chad

from my cousin at an extremely large financial institution: look for vat/transaction taxes on all PMs very, very, very soon.

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Oh crap. people need to see this post

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Originally Posted by chad

from my cousin at an extremely large financial institution: look for vat/transaction taxes on all PMs very, very, very soon.

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I don't doubt that one bit since 99% of the population (off the top of my head) do not own physical PM's so they would blindly go along chanting "kill the speculators"

Also look for serious CME margin hikes. I'm surprised they haven't hit already.

You sound surprised!!! Gold confiscation, 2012 style. Good thing I lost all mine to Mamboni at the gsus poker game! I wouldn't want to even see the forms they are going to throw in the direction of bullion holders.

Remember that gold jewelry sales are exempt from capital gains tax :)

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Originally Posted by DMac

You sound surprised!!! Gold confiscation, 2012 style. Good thing I lost all mine to Mamboni at the gsus poker game!

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He was on fire that night, wiped me out too!

A part of me thinks he may have been cheating. Oh well I really have no use for barbarous relics anyway.

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Originally Posted by chad

from my cousin at an extremely large financial institution: look for vat/transaction taxes on all PMs very, very, very soon.

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Great, it will develop the black market, and most certainly increase boating accidents!

A VAT would make it more expensive to purchase metals here, but India & China will keep chugging along and in the long run it will make no difference in the metals prices as central bankers continue to debase their currencies.

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I think gold and silver will have to go underground - or suffer confiscation. They are already prepared to implement a cashless society (I read this on here).

Although gold/silver will spike much higher, TPTB will continue to manipulate the metal prices to death, even after the crash. Those crooks have 2 millennia of track records.

It is not just gold & silver they want to confiscate. Like a drowning swimmer gasping for air and clawing the water to remain on top, the government will gasp for any wealth and claw at any visible target.

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Originally Posted by LuckyStrike

He was on fire that night, wiped me out too!

A part of me thinks he may have been cheating. Oh well I really have no use for barbarous relics anyway.

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Holy smokes guys! Thanks for painting a big bullseye on my back!!! Thanks alot!!! For the record, I went sailing with my wife the next morning to celebrate my good fortune. I allowed wifey to skipper which was a big blunder on my part. It turns out she has no sense of direction and steered us straight into a typhoon. The boat capsized just as I was showing her my winnings of gold and silver. Everything was lost. As we were in uncharted deep deep deep waters, I have no idea where the metals were lost. It was a sad day. Ever since that day, I cannot touch or even look upon gold or silver bullion without breaking out into hives and uncontrollable flatulence. Obviously, I hold no metal to this day.

Of course, I have the greatest of confidence in Ben Bernanke as he steers us away from the fiscal and economic typhoon!

I love how the DOW is up 200 points.....LOL