Gold Sees Surge as Feds Announce ‘Unlimited QE’

[Jermainé]

http://www.businessinsider.com/unlimted-qe-2012-9

The ponzi scheme is alive and well. The Federal reserve buy mortgage based toxic assets( think sub-prime mortgage fiasco) and the US taxpayer pays for it.The National debt increases and the economy continues to flounder. The Wall Street banks rid themselves of their toxic derivatives and the people hold these worthless bonds. The Dow Jones rose by 200 points on the announcement. When will the people wake up to what is going on? The Wall Street banks are laughing, literally all the way to the bank...

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[Lethos]

Wouldn't be surprised they did this behind closed doors for decades, at least with it being in the open it be better right? /sarcasm
*bangs head*

If this goes through, surely it cause massive inflation, to the point the US dollar's value drops like a stone.
Maybe that is the plan; not a good one, but a plan none the less.

[cbeast]

Does this mean that hypothecation is no longer limited to 400% in the US like pre 2008?

[myrkul]

get ready for this:

[Jermainé]

This is the final pump before the dump. Note who they found a cause to buy nothing but collateralized debt. They do not want to own their own vaporous liability.

[cbeast]

Bernake is giving the banksters a half-trillion dollar a year allowance which they will rehypothecate into 2 trillion dollars a year debt for Americans. Wait until they want a prom dress.

[Jermainé]

Bernake is giving the banksters a half-trillion dollar a year allowance which they will rehypothecate into 2 trillion dollars a year debt for Americans. Wait until they want a prom dress.

Haha ikr...

They just should arrest bernanke and his money changer buddies for fraud and domestic finanical terrorism. Once that happens, America’s economy will recover and happy days will come again.