It is Not QE3 the Fed Goes Out with a Whimper

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Thursday September 13, 2012
It is Not QE3 the Fed Goes Out with a Whimper
By Tom Heneghan, International Intelligence Expert 

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UNITED States of America - The announcement today by Federal Reserve Chairman Bernard Bernanke that the Fed will buy $40 billion a month of mortgage backed securities is a face saving capitulation.

Reference: The Fed is not buying any more bonds so rates are actually going to go up and create a stronger U.S. dollar.

Bernard Bernanke

AFP Photo / Brendan Smialowski

The U.S. budget crisis deadline, which is due at the end of the year, will limit the Fed to buying a maximum of $200 billion of worthless mortgage backed securities aka derivatives from noted banks.

QE3 aka QE minus 2 will do nothing to stimulate the economy but only absorb derivative costs and clean up the books of select U.S. banks aka Bernanke's 'handlers'.

QE3 aka QE minus 2 will create more contraction in the U.S. economy, with banks still not able to lend money.

Economic Lesson: A zero interest rate policy will actually create more deflation not inflation. There is no real demand right now for iron ore.

Mariano Rajoy, Spain Prime Minister
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P.S. At this hour, the Spanish Prime Minister Mariano Rajoy has told the ECB (European Central Bank) that he does not need any bailout since the final implementation of the Wanta-Reagan-Mitterrand Protocols proceed at full speed.

P.P.S. In closing, we can divulge that financial regulators across the world are beginning inquiries into noted financial exchanges involving co-mingling of customer funds, money laundry and massive illegal electronic front running involving none other than the NSA (National Security Agency) operating computers in the state of Nebraska.

The inquiry also deals with noted worldwide banks and hedge funds who have a 4 - 5 second lead time over the average investor including floor traders.