First, the ECB steadily has been giving into monetizing the majority of Europe's debt. Next, The Bank of England recently passed a measure to monetize an additional 75 billion British pounds. They expect this will help ease their problems but of course it will only make matters worse. The latest comments have been coming in from Helicopter Ben's own minions. Fed Governor Dan Tarullo recently gave this statement. "I believe we should move back up towards the top of the list of options and implement large-scale purchases of additional Mortgage Backed Securities."
Anymore actions or comments such as these, should not be a surprise to anyone anymore. But rather seen as par for the course. In the US, news regarding the Fed ready to start buying up large-scale mortgages to me certainly is a clear signal QE 3 is just around the corner. It seems that Mr. Tarullo's comments are in complete agreement with his boss's (Ben Bernanke) own views. Both are under the mindset that the root causes for the current economic conditions are due to high interest rates.
The reality however is that the interest rates have never been lower and allowing inflation to escalate will not repair the economy nor raise the standards of living for the majority of Americans. This is simply going to continue eating away at savings and generate additional imbalances within the economy. Personal debt levels being too high and high rates of unemployment are reasons consumers these days are not able to buy houses along with home prices still being out of line with average incomes.
The Fed is trying to manipulate us every way possible. One plan is for the Fed to manipulate you into thinking inflation is right around the corner. Within the Fed's arsenal you have real bullets such as QE 3 and once those bullets run out they will start using imaginary bullets such as manipulating expectations. The more the Fed continues down this path the closer we will reach the point where the dollars confidence becomes lost and the total collapse of the dollar begins.
Make no mistake, the Fed is pursuing the dollars destruction and interest rates will rise relentlessly as inflation takes a stronger hold on the economy while wiping out whatever genuine growth is still left in the economy. With this crisis so near to implementation it is best everyone be prepared before it strikes. Owning physical gold and silver are two of the best ways to protect your assets and purchasing power during a major inflationary event and the eventual destruction of paper money.
Tom Genot -
For information, news, articles and videos to invest in gold and silver and where the best places are to buy it. You will also find information for preparing and protecting you, your family and your assets from the pending economic crises and destruction of the US. Dollar. Author Tom Genot provides information and resources helpful to everyone. Insure your prepared beforehand, check us out at www.coinbullion.net.
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Source: http://newsandsocietyblog-economics.blogspot.com/2012/02/qe-3-is-on-its-way-make-no-mistake.html
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