cheeple
Member
I'm coming back to this thread after QE3 has now been announced and the plan is open ended quantitative easing so we can more appropriately also call it QE infinity.
The plan is to purchase $40 Billion in Mortgage backed Securities every month until the federal reserve sees fit to stop.
Ordinarily a central bank controls deflation/inflation by raising/lowering interest rates, buying/selling short term bonds altering the money supply affecting the yield of said bonds, since QE1 and QE2 did not improve the economy as Ben Bernanke attempted the last nail in the coffin is to buy our own debt when less and less foreign nations will.
QEinfinity has no maximum and no time limit, it's the opinion of this writer the consequences will lead to inflation, lowered credit rating, and will not improve unemployment.
I put this in the "Plan to enslave a nation" thread because it is the opinion of this writer this is an intentional land grab by the fed, and benefits no one except for the banks who can now unload unproductive assets at full value.
The plan is to purchase $40 Billion in Mortgage backed Securities every month until the federal reserve sees fit to stop.
Ordinarily a central bank controls deflation/inflation by raising/lowering interest rates, buying/selling short term bonds altering the money supply affecting the yield of said bonds, since QE1 and QE2 did not improve the economy as Ben Bernanke attempted the last nail in the coffin is to buy our own debt when less and less foreign nations will.
QEinfinity has no maximum and no time limit, it's the opinion of this writer the consequences will lead to inflation, lowered credit rating, and will not improve unemployment.
I put this in the "Plan to enslave a nation" thread because it is the opinion of this writer this is an intentional land grab by the fed, and benefits no one except for the banks who can now unload unproductive assets at full value.