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14th September 2012, 09:50 AM
#16
Re: QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!
By the end of this program, come 2015, the fed balance sheet will be directly responsible for 24% of the US total GDP. This is absolutely insane and (sarc) I am shocked the media is not running a scare mongering campaign - 'the end is near!!'
This is not end game. End game is still several years away. This is all still theater. I think we are now at the start of Act 2 of 3. Act 1 was the initial crash, start of the gold bull. Act 1 is now over with qe1, qe2 behind us. QE3 (to infinity and beyond) is the name of the game now and it needs to run for a bit before the end game can segue from stage left.
Endgame is when it is obvious TO ALL that the FED has destroyed the US economy.
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madfranks (14th September 2012)
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