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QE4-Ever: Fed Announces 4th Round of Quantitative Easing

Dec. 12, 2012 12:45pm Becket Adams

The Federal Reserve on Wednesday announced that it will launch a fourth round of quantitative easing (“QE4”), this time committing $45 billion a month to the purchase of long-term Treasury securities.

You know what this means, right? It means that along with Washington’s open-ended $40 billion a month program to buy up mortgage backed securities (“QE3”), total monthly bond purchases by the Fed will amount to $85 billion.

Yes, that’s $85 billion a month.

This latest initiative by the Fed is designed to replace “Operation Twist,” a program designed to “twist” long-term rates lower relative to short-term rates, which is scheduled to expire at the end of the year.

But here’s where it gets really interesting [emphasis added]:

In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. The Committee views these thresholds as consistent with its earlier date-based guidance. In determining how long to maintain a highly accommodative stance of monetary policy.

Get that? There’s no calendar date set for when the Fed plans on calling it quits. They’re going to keep rates low and keep purchasing bonds until unemployment hits 6.5 percent.

That’s why we’re going to call it “QE4-Ever.”

“Bernanke’s biggest surprise came in terms of the Fed’s forward guidance. The [Federal Open Market Committee] moved from a calendar-based guidance to one tied to economic factors,” writes Agustino Fontevecchia for Forbes.

“While QE4 was widely expected, the Fed’s move to a new type of guidance came as a surprise,” he adds.

Follow Becket Adams (@BecketAdams) on Twitter

Featured image courtesy Getty Images. This story has been updated.

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Comments (160)

S-O-B-E-R
Posted on December 12, 2012 at 1:30pm
Nobody else is reporting this yet…

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- edcoil
  Posted on December 12, 2012 at 3:51pm
  This 85 Billion in ADDITION to already a 172 Billion monthly deficit.
  
  Report this comment
- turkey13
  Posted on December 12, 2012 at 4:11pm
  Leave the government alone! They are preparing for a point in time (aout 2 years) when we all will need a wheeborrow filled up with money to get a loaf of bread. I understand that they will also outlaw gold & silver. On the black market you will be able to barter with food, guns, ammo , gold & silver.
  
  Report this comment
- wordsofwisdom
  Posted on December 12, 2012 at 4:34pm
  This should collapse the dollar for sure. If not we will try something else right gang.
  “What’s Wrong With This Song” http://www.reverbnation.com/play_now/song_9134749
  They are criminals plain & simple but no one is doing anything about it.
  
  Report this comment
- armyofnibiru
  Posted on December 12, 2012 at 4:37pm
  and they won’t.and the feds passed a law in obamacare that forces coin and gold sellers to register the transaction and send that registry to the govt.for later siezure of gold ,silver ,guns and food .you don’t need those things.the king has spoken
  I tried to pay my amex card with my master card and then paid that off with a check I found from an old checking account.but some one is trying to knock my door down gotta go .
  
  Report this comment
- Favored93
  Posted on December 12, 2012 at 5:39pm
  @edcoil
  Posted on December 12, 2012 at 3:51pm
  This 85 Billion in ADDITION to already a 172 Billion monthly deficit.
  ———
  Yes you are right but what is the MOST IMPORTANT THING is that we are BUYING OUR OWN DEBT and then others can borrow from us at 0% interest!
  They are INTENTIONALLY destroying the American economy. To what end I don’t know but this is deliberate!
  It is UNTHINKABLE that a person or nation should be allowed to buy it’s own debt! Did you guys know that we already “own” more American debt then CHINA?!?!
  They are also destroying the global banking system at the same time.
  The ONLY safe place to invest your money with a guaranteed future return is in food (not purchased with a card but cash) and liquor. These things will be worth more to you and your family then a million dollars in a 401k. I am willing to bet that places like food ins. will have to tell the govt. who has food and how much and they will some day take it to redistribute it. Stock up but if I were you I would pay cash not check or card for it. You guys can call me the tin foil hat guy but I don’t see how this can end differently at this point. The global financial crash is now unavoidable. The math is clear we are too far gone for things as they are to get better.
  
  Report this comment
- SCREW-WINDOWS
  Posted on December 12, 2012 at 5:40pm
  Don’t think they will start confiscating your gold and silver “Think again”.
  
  Report this comment
- muffythetuffy
  Posted on December 12, 2012 at 6:42pm
  THE GOP MUST WALK OUT AND TELL CHINA ANY LOANS THE MAKE FROM NOW ON WILL BE CONSIDERED GIFTS NEVER TO BE REPAID
  
  The Democrats are out to destroy the entire US economy and insure that it will never be able to be repaired. Only clamping down the debt ceiling will stop them unless they refuse to abide by the debt limitation. Federal taxes should be placed in escrow accounts until the Government obeys the law.
  
  Report this comment
- The_Jerk
  Posted on December 12, 2012 at 7:23pm
  End the Fed. We should be underwriting ourselves. We should not borrow from this private cabal.
  
  Report this comment
- dublinthewagons
  Posted on December 13, 2012 at 8:44am
  Well this should help the stock market. Lol
  Everyone will be on food stamps and carry Obama phones soon.
  
  Report this comment
- michaelmoron
  Posted on December 14, 2012 at 11:40am
  “Behind the ostensible government sits enthroned an INVISIBLE GOVERNMENT owing no allegiance and acknowledging no responsibility to the people. To destroy this INVISIBLE GOVERNMENT, to befoul the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of today.”
  -Theodore Roosevelt
  
  Very interesting. Now here is mention of this again:
  
  “This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President Wilson signs this bill, the INVISIBLE GOVERNMENT of the monetary power will be legalized….the worst legislative crime of the ages is perpetrated by this banking and currency bill. From now on, depressions will be scientifically created.”
  – Charles A. Lindbergh, Sr
  
  There is mention of the “Invisible Gov’t” again.
  
  Check this:
  
  “The real truth of the matter is that a financial element in the large centers has owned the government since the days of Andrew Jackson.”
  – Franklin D. Roosevelt
  
  Financial Element.
  
  Check this:
  
  “The Federal Reserve is one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the international bankers.”
  – Congressman Louis T. McFadden
  
  These quotes are just the tip of the iceberg of the hints people have given us, as to what is going on.
  
  Report this comment
ArmedAndReallyPissed
Posted on December 12, 2012 at 1:29pm
Only in America, could the government collect more tax dollars from the people than any nation in recorded history, still spend a Trillion dollars more than it has per year – for total spending of $7-Million PER MINUTE, and complain that it doesn’t have nearly enough money.

Only in America, could the rich people – who pay 86% of all income taxes – be accused of not paying their “fair share” by people who don’t pay any income taxes at all.

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- The_Jerk
  Posted on December 12, 2012 at 1:50pm
  It’s the move to international socialism. Truth, honesty, fact, have nothing to do with it. The ends justify the means to communists. You’re not dealing with people who hold your values sacred. Churchill wrote about this half a century ago. You’d better wake up.
  
  http://en.wikisource.org/wiki/Zionism_versus_Bolshevism
  
  Report this comment
- 10-32inIdaho
  Posted on December 12, 2012 at 1:54pm
  It is because the spending plan has worked so well. You know QE1 was so successful QE2, QE3 and now QE4 are just to show off.
  
  Report this comment
- brother_ed
  Posted on December 12, 2012 at 3:25pm
  @THE_JERK
  
  “You’re not dealing with people who hold your values sacred.”
  
  That ranks as one of my top 10 comments for 2012!!
  
  Put it on a t-shirt and I’ll take 6. Make one a dress shirt (for Sunday) and I’ll take 7.
  
  Report this comment
- Thevoice
  Posted on December 12, 2012 at 3:56pm
  Where to start. (1) We are now told we will have to live this sham economy right through Obama’s next four years.(2) If you would have ever told me years ago that our United States economy would be so weak it would need 6.5 billion a month in food assistance I would have never believed it. Today were there. (3) Ever ask yourself how much would you charge in interest to lend to a broke country like the US if they came and directly wanted to bower from you. Wouldn’t you today look for like 15 – 20% or more. Seeing as there is no Government financial accountability. (4) this was a really clever way for the JP Morgans and Goldmans to retrieve their 5 trillion in losses to mortgage diriatives. And in turn one day down the road look for that 15% on the 5 trillion they will have printed for themselves.
  
  Report this comment
- armyofnibiru
  Posted on December 12, 2012 at 4:39pm
  now thats equal justice under the law.tax law.
  
  Report this comment
- Favored93
  Posted on December 12, 2012 at 5:50pm
  @THEVOICE
  ………(4) this was a really clever way for the JP Morgans and Goldmans to retrieve their 5 trillion in losses to mortgage diriatives. And in turn one day down the road look for that 15% on the 5 trillion they will have printed for themselves.
  ——-
  They are already doing that through “repos” (Re-purchase agreements). This is one of the many tools they are now using to destroy not only our financial system but the global banking system.
  Look into this guys because this rabbit hole is MUCH deeper then you think!
  
  Report this comment
S-O-B-E-R
Posted on December 12, 2012 at 1:25pm
Oh, Lordy, I knew this wasn’t going to be easy, but day after day, minute after minute, another nail in the coffin of our once great Republic, arrgghhh.

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- CatB
  Posted on December 12, 2012 at 2:05pm
  Amen … too bad so many are blind or do not care.
  
  Report this comment
- GhostOfJefferson
  Posted on December 12, 2012 at 3:17pm
  They’ll care at the point that they can no longer feed themselves. Which, given inflation because of this mindless, slavish adherence to a discredited economic theory called Keynesian economics, will come soon enough I’m afraid. But by then it is too late. Not to worry though, they’ll be able to feed themselves with the vast, large valuable tracts of sneers, jeers, snarls and insults that the Left has plowed and planted for them in order to bring them to that state.
  
  Report this comment
ares338
Posted on December 12, 2012 at 1:25pm
Lock and load!

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hauschild
Posted on December 12, 2012 at 1:19pm
85 Billion per month? That’s only slightly over a trillion per year – chump change when you’re dealing with other people’s (yet to be earned) money.

This one really cracks me up: “investment portfolio”.

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- Go Glenn
  Posted on December 12, 2012 at 5:27pm
  True but it is not just “other people’s (yet to be earned) money”. It is YOUR money now. It is the seeds of inflation. This will destroy your investments, 401k, IRA, home value, dollars in your pocket, etc.
  
  People are ignoring the real affects of inflation. The goal is to “level the playing field” not just here in the US but around the world. Destroy our “wealth” (not just the wealthy but everyone’s) and put us on the same level as the third world countries.
  
  March March Marching toward the ONE WORLD GOV’T
  
  Report this comment
- Favored93
  Posted on December 12, 2012 at 5:57pm
  @Go Glenn
  Posted on December 12, 2012 at 5:27pm
  True but it is not just “other people’s (yet to be earned) money”. It is YOUR money now. It is the seeds of inflation. This will destroy your investments, 401k, IRA, home value, dollars in your pocket, etc. People are ignoring the real affects of inflation. The goal is to “level the playing field” not just here in the US but around the world. Destroy our “wealth” (not just the wealthy but everyone’s) and put us on the same level as the third world countries.
  March March Marching toward the ONE WORLD GOV’T
  ———
  Exactly right and well said!
  NEVER FORGET AMERICA THAT EVEN OUR POOR ARE RICH COMPARED TO THE REST OF THE WORLD!
  In order to give every one every were a “fair shot” (according to Obama) the rich (you America the 1% globally) must be made poor and the poor given what is left after govt takes it’s share of the rich’s money. Never forget this!
  
  Report this comment
mikem1969
Posted on December 12, 2012 at 1:12pm
Ah, good old hiter and his band of nazis at it again.

“We are socialists, we are enemies of today’s capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are all determined to destroy this system under all conditions.” –Adolf Hitler

(Speech of May 1, 1927. Quoted by Toland, 1976, p. 306)

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- soybomb315_II
  Posted on December 12, 2012 at 1:51pm
  when inflation goes through the roof, you will see those same sentiments repeated in the USA. Need to get the message out that this country is not a free market – so that when it tanks, the real culprits will be identified
  
  Report this comment
- The_Jerk
  Posted on December 12, 2012 at 1:52pm
  Fact is Hitler was a national socialist. Communists are international socialists. Please learn your history. Ignorance is killing us. Wake up.
  
  Report this comment
- Fubared
  Posted on December 12, 2012 at 2:15pm
  One cannot reference hitler, nazis, dur furher, or anything antisemitic without footnoting or giving a nod to the jerk. Can’t speak of ovens, cattle cars, forced labor, banks, jihad, jerk, aryan pos, or useless nazi without first giving proper props to the one that knows all these inside out like jihad jerk. Fact is, wiki said, give me control of, belligerent blather, fact is, wiki said, hitler loved art, fact is, all of these are trademark phrases of the jihad jerk and he needs to use them in posts or he cannot communicate otherwise. In my lifetime, fact is, belligerent jews, not our problem, stay out of it, wake up, ignorance is killing him, fact is, ignorance is him, wiki said, hitler is, democratic socialists are; all these phrases need to be footnoted first and jihad jerk given his due before being used. Phew. Boy does this crap get old. Oh, and don’t use Israel in a sentence, it’s like Pavlov’s dog on crack and jonesing for all the above phrases.
  
  Report this comment
- Elena2010
  Posted on December 12, 2012 at 2:27pm
  Fubared — Jerk is quite correct on this. It’s not a linear spectrum, but a circular political spectrum. Fascists are to the right of conservatives, Marxists are the the left of liberals, but both fascists and communists meet where the circle connects.
  
  Report this comment
- mikem1969
  Posted on December 12, 2012 at 2:28pm
  What do you mean learn my history jerk? That quote is from the hitler himself. And that is exactly where the libs and progressives, aka democrats, aka nazis want this country to be.
  
  Report this comment
- Fubared
  Posted on December 12, 2012 at 2:43pm
  Elena, I will grant you that point. The nazi and bigot like a stopped clock have to be right twice a day. Doesn’t mean I know a single individual with a head on their shoulders that enjoys, likes, looks to a known nazi and bigot for advice on anything; except maybe the best swastika artiste or where to get brownshirts and jackboots on sale. Only circular point I was making. If it’s money, Jews are to blame and you are stupid to not know that; if it’s ME turmoil, it’s the Israeli’s to blame for not bending over. Same crap, day after day after day. Doesn’t mean jihad jerk isn’t right on occasion. It just means it holds no water since it emanates from a known nazi and bigot. Click on his name, read some of his vitriol. If you are indeed a female, you are personally involved in the detriment of us all due to women’s rights. If you are a person of color, same crap. Read some of his crap, go back a bit, same crap day after day after day. He has backed off on the “belligerent” part as I use it in every retort to his bigoted antisemitic crap. Fact is, wiki said, fact is, that is all still part of his meme, but he will never see that for the extraneous crap it is. Oh, obligatory jihad noise: lalalalalalala. Wouldn’t that get old day after day after day? That is the point.
  
  Report this comment
- The_Jerk
  Posted on December 12, 2012 at 2:53pm
  Fubared, the point was factual. Hitler opposed the communists. Hitler loved his nation. He was a ‘national’ socialist, evil, but nationalistic. Communists are ‘international’ socialists. They respect no borders. Nations are states in their one world scheme. This is no small difference. Ignorance is killing us. And, since you brought it up, Zionists are also national socialists. That, and their ethnocentrism, is why they partnered so easily with Hitler’s Nazis.
  
  Look. None of this is a secret. Churchill wrote about this last century. He was a world leader. He was in a postilion to know. Stay ignorant if you choose. That is your free choice. For those who care, here are Churchill’s words.
  
  http://en.wikisource.org/wiki/Zionism_versus_Bolshevism
  
  Report this comment
- The_Jerk
  Posted on December 12, 2012 at 3:02pm
  Mikem1969, yes, they are Hitler’s words. But, you’ve confused those nationalistic words with the internationalists’ desires. Progressives, liberals, left-wing people of today are not national socialists. They are international socialists. They respect no borders. Our left-wing has no respect for America. Their words do not match their actions. They are not nationalistic. They are inter-nationalistic, communistic. This is no small difference. This is a world movement, not a national movement. Ask Churchill.
  
  http://en.wikisource.org/wiki/Zionism_versus_Bolshevism
  
  Report this comment
- Fubared
  Posted on December 12, 2012 at 3:14pm
  Well, I have his books, have no need for a nazi to point it out to me. Most people here are learned, have traveled a bit. Surely, whenever in doubt, ask the local nazi how you should think on any given topic. Were you looking for accolades into your hitler knowledge? Lalalalalalala.
  
  Report this comment
- Silversmith
  Posted on December 12, 2012 at 3:30pm
  Mountain out of a mole hill the_jerk. National and international is just a difference of scope. It’s still the same sick ideals.
  
  Silversmith
  
  Report this comment
- The_Jerk
  Posted on December 12, 2012 at 3:43pm
  Silversmith, you represent exactly what I am talking about. They are not the same. National socialists believe that, what is ours, is ours, internationally. Nations are sovereign. Communists do not believe in national sovereignty.
  France is a socialist nation, and has respected international borders; a sovereign nation. Communism sees France not as a sovereign, self-governing state, but rather as a non-nation state, in a one world community. Huge difference. Local verses international control.
  
  Report this comment
- OhioRifleman
  Posted on December 12, 2012 at 4:31pm
  @ Both Silversmith and The Jerk
  
  You are both mostly correct and slightly incorrect on this matter.
  
  Silver, the correct part is they are both cats. The Jerk being correct in that they are different breeds of cats.
  
  The core is the semi-incorrect issue. The problem with any form of socialism is control; how it is distributed is irrelevant. Rather than focusing on the label or the disbursement of power, what needs to be done now and done rapidly is a method of fighting this control. Without that, all our proselytizing is wasted air.
  
  Report this comment
- The_Jerk
  Posted on December 12, 2012 at 4:50pm
  OhioRifleman, point being, one has international ambitions. The other national ambitions. We, as Americans, must recognize that this administration is not operating for national interests. These guys are real communists. They are selling our country out. They are giving our sovereignty away. They are pursuing international interests. Economic collapse is the tool.
  
  Here’s the summary:
  http://en.wikisource.org/wiki/Zionism_versus_Bolshevism
  
  And, they’ve done it before… to a sovereign nation state. Didn’t work, but they tried:
  http://www.jewsagainstzionism.com/zionism/jewishwar.cfm
  
  Report this comment
- armyofnibiru
  Posted on December 12, 2012 at 4:54pm
  elana,the far right of conservitives is no govment (anarchy) to the left of liberals are progressives,to the left of progressives are nazi’s,to the left of nazi’s are the commies.to the left of commies are muslims.your mistake is useing the europe model where you are correct,because theres no middle let alone a right in europe
  
  Report this comment
- Favored93
  Posted on December 12, 2012 at 6:02pm
  The_Jerk
  Posted on December 12, 2012 at 1:52pm
  Fact is Hitler was a national socialist. Communists are international socialists. Please learn your history. Ignorance is killing us. Wake up.
  —–
  People like you are killing us jerky boy!
  You are an evil person and most of us here know it!
  You and those like you make the rest of us look bad when you agree with us. You either need to get to know the Lord Jesus (that is by far the option I would love to see you choose) Or please for all our sakes STOP POSTING HERE YOU ARE A DANGER TO FREEDOM NOT A HELP TO IT!
  YOU ARE A PERSON THAT MAKES ME ASHAMED TO BE YOUR COUNTRYMEN!
  
  Report this comment
- The_Jerk
  Posted on December 12, 2012 at 7:21pm
  Favored93, there is no potion, injection, or pill to treat your ignorance. I only hope that you someday practice that which you just preached. And, add a little more historical reading to your day.
  xoxoxo
  
  Report this comment
Uechi
Posted on December 12, 2012 at 1:09pm
Enjoy higher food,fuel and every other commodity prices. Hope all the ahs that voted for the Messiah enjoy 2013, idiots.

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- The_Jerk
  Posted on December 12, 2012 at 1:37pm
  UECHI, the Fed does not answer to our elected government. Ignorance is killing us.
  
  Report this comment
- Fubared
  Posted on December 12, 2012 at 1:55pm
  So antisemitism is somehow enlightening? Show us the light jihad jerk. Bewilder us with the same old tired crap. Aaah, the Italians are the belligerent keepers of pasta. Aaaah, the Texicans have a stranglehold on tacos. Aaaah, the cannucks have a generational hold on Canadian bacon. Aaahhh, the Germans are corralling the good beer market. Aaaaaaaaaaaaah. Beware of the jihad jerk and his enlightening racist bigotry. Oh, obligatory jihad noise: Lalalalalalalala.
  
  Report this comment
- happ77
  Posted on December 12, 2012 at 3:05pm
  The jerkoff, The chairman of the fed is appointed by
  the president, no obama no bernacki. Your the
  biggest pompus awhole on this site.
  
  Report this comment
- The_Jerk
  Posted on December 12, 2012 at 3:06pm
  Fubard, is the word Semite used. If not, and it is not, you’re bordering on the insane. Flight of ideas. Look it up.
  
  http://medical-dictionary.thefreedictionary.com/flight+of+ideas
  
  Report this comment
- Fubared
  Posted on December 12, 2012 at 3:46pm
  Jihad jerk, my most sincere apologies, was in response to your comment below when no one referenced a Jew or Rothschild and you said:
  “Give me control of a nation’s money and I care not who makes it’s laws” — Mayer Rothschild.
  It’s another chapter in the Jewish cabal. Uncanny that Jews are 1.3% of our population, but 100% of the Fed Chairs in my lifetime.”
  
  Again, nobody was talking about your nemesis, but you interjected your racism, just because.
  Now about the flight of the nazi butterfly dance you practice in jackboots; ever endeavor and all. Give me a wanna be nazi and I will point you to jihad jerk. Fubared, and that you can quoted til your little nazi heart explodes. Lalalalalalala.
  
  Report this comment
- The_Jerk
  Posted on December 12, 2012 at 5:08pm
  Happ77, really. Then how has that seat been held by one of Jewish ethnicity throughout my life. That ethnicity makes up 1.3% of the population. Can’t be chance. Defies probability. Flies in the face of statistics. Purposeful act is the only way to get that result.
  
  Report this comment
- Rothbardian_in_the_Cleve
  Posted on December 12, 2012 at 5:51pm
  Obviously the creation of money AND deficit spending is inflationary. We are already dealing with pretty hefty inflation (you realize CPI excludes energy and food and completely distorts housing costs). Shadowstats is probably the best at showing real inflation metrics. Anyway, the big time inflation happens when interest rates rise. When demand for US debt goes kaput and the fed is digitizing 100% of the FOMC auctions then all of the money that would have come out of circulation does not. Interest rates will rise, not by the fed, but due to market forces. For example, look at the auctions in Spain and Italy and Greece. The are scared to death that rates will break loose. Anyways, when rates go up, the banks will then be enticed to lend the massive amount of reserves that they are sitting on. THAT is when the fun starts. The magic of fractional reserve banking will yield the parabolic exponential curve of inflation. It will be a marvelous sight to behold.
  
  Report this comment
soybomb315_II
Posted on December 12, 2012 at 1:09pm
$85 billion a month is…About $1 trillion per year…..Which means the federal government is financing almost the entire annual budget deficit with federal reserve money. Which means the federal reserve is keeping Obama afloat….

The Ron Paul folks are dead serious about the federal reserve. But we are/were called crazy people. Is it starting to click with many of you that we were the only ones with real ideas that would pull the rug out from under this tyrant? What good is it to talk about food stamps, Benghazi, or gay marriage if you have a system that allows a president to print this kind of money???

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- hauschild
  Posted on December 12, 2012 at 1:26pm
  No kidding. I’m no Paul guy, although I voted for him in the primary, one of the reasons being a type of “protest” vote.
  
  The classic thing about the Paul bashers is that claim to love him, but then need to find that one deal-breaker, that in the grand scheme of things, doesn’t amount to a hill of beans, like cutting back on the military (EVERYTHING NEEDS TO BE CUT UNLESS YOU’RE AN IDIOT!). I liken it to something I heard somebody say one time that really floored me for its idiocy……..
  
  “I was going to buy that truck. It had everything I wanted, ample power, creature comforts, 4WD, great price……..but that glovebox – (oh, that deal-breaking glovebox)……..I just didn’t like the way it opened and closed.”
  
  Report this comment
- nomark
  Posted on December 12, 2012 at 3:04pm
  The problem Hauschild with the anti-Ron Paul people is that they are cowards. These people are so afraid of the world they sit in their closets shaking in the boots believing some big bad meanie will come in and take the cheerios. They are as much a product of the progressive school system as the flaming liberals, they just don’t know it.
  
  Americans need to stop being so afraid of everything. We are so bombarded by meanies and news sensationalism we live in constant fear. We need to go back to the days where Americans (not America) was the bad ass on the block. And I don’t mean gangs or hoodlum bad asses, but John Wayne, Frederick Douglas, George Patton bad asses. None of the enemies we face fear our government. In fact they laugh at our government much the way so many Americans laugh and loath Congress and the TSA. Yet we the Americans fear our government. We need to change that. When the people fear their government, you have tyranny. When the government fears it’s citizens you have liberty. This goes worldwide, not just in the USA. Our enemies will start fearing America when Americans stand up and put our government in it’s place. It’s We The People… not “them the masters.”
  
  Report this comment
- soybomb315_II
  Posted on December 12, 2012 at 3:23pm
  Amen nomark
  
  americans used to be fearless with a christian twist. And we are not talking about columns of tanks or SWAT teams – we are takling about people who stand on their porch and say “GET OFF MY LAND”. Every generation since 1800 has sacrificed a more freedom for a little safety (as ben franklin said).
  
  Report this comment
4XGrace
Posted on December 12, 2012 at 1:08pm
So, how’s that working for you? Record levels of unemployment, entitlements (SNAP to it boys) and part time jobs without benefits. Really working for the average person. Really. But I guess we all got Hope and Change. Fat lot of good when you’re cold and hungry and the central bankers get richer and the fascists become more and more bold. Welcome to Communism. :-p

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kindling
Posted on December 12, 2012 at 1:07pm
Wait a minute…..I thought QE3 was openended and will not stop. Now we have 2 flood gates open? Give them an inch and they will take the world.

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- The_Jerk
  Posted on December 12, 2012 at 1:15pm
  One world. Through the World Bank and IMF. Not a new plan.
  
  “Give me control of a nation’s money and I care not who makes it’s laws”
  
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- Lord_Frostwind
  Posted on December 12, 2012 at 2:37pm
  You build a dam to stop the flooding, they tell you that the flood gates have to be opened so that the dam won’t break. Then they leave the floodgates open all the way. The end result is the same thing, the town down river is wiped out by flooding, the only difference is that it happens slower.
  
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- cbrown
  Posted on December 12, 2012 at 6:48pm
  More easing will lead to a better economy than we expected. QE3 has helped and QE4 will help us further grow the economy and bring the unemployment rate down further. The good news is that there is not much of an inflation (2%).
  
  In other words, Fed will succeed in boosting the economy with little impact to inflation.
  
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naughtycal
Posted on December 12, 2012 at 1:04pm
The Federal Reserve needs to be auditted and shut down…..This program is driving us into a Weimar Republic and if that is allowed we need to stop talking and start round all the people who pushed this big government break America back liberal ideology everyone from the teachers,to activist to the politicians all of them. American will need to strike at the heart of this with a scorched earth policy.

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KidCharlemagne
Posted on December 12, 2012 at 1:03pm
Translation: nobody else is purchasing all that counterfeit money anymore.

However, if nobody else is buying it, then interest rates will begin rising…..increasing borrowing costs…..triggering a recession…

In other words, Bernanke isn’t buying that junk because he wants to…..he’s buying it because he has to….

Ron Paul told us that this stuff would start happening, but nobody wanted to listen to him.

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- GhostOfJefferson
  Posted on December 12, 2012 at 3:42pm
  Well, the last thing you want to do is waste your vote on a guy who knows the situation inside and out, has viable solutions, is Constitutionally minded and who would go straight to the source of the problem (the Fed). It’s much better to waste your vote on a guy of whom the best that can be said is “well, at least he isn’t a Communist”.
  
  (this was sarcasm, btw).
  
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FaithfulFriend
Posted on December 12, 2012 at 1:03pm
This is great news! Make less, spend more. Save none.

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- StandingOnMyHead
  Posted on December 12, 2012 at 1:37pm
  …the American way
  
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ZAP
Posted on December 12, 2012 at 12:59pm
Good bye AMERICA

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- Vickie Dhaene
  Posted on December 12, 2012 at 1:28pm
  Ditto
  Fait accomplete
  
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bckeegan
Posted on December 12, 2012 at 12:58pm
I am at a point now where I think we need to just break the system completely and hope that when it happens, we revert back to the constitution.

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Cavallo
Posted on December 12, 2012 at 12:58pm
pooch —- scr#wed — us

Full speed ahead, me maties! Them thar rocks are just a mirage!

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JRook
Posted on December 12, 2012 at 12:57pm
For those who would continue with the outdated and antiquated rants about the fed and the weakening of the dollar understand what is really going on globally. As a cooperative member of the World banking system the US has to weaken the dollar in sync with the European Union and Japan. As a result the relative valuation of the currencies remain the same. As a result so do relative interest rates and inflation.

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- dsgdesigns
  Posted on December 12, 2012 at 1:18pm
  Yeah… that’s why we are devaluating our currency… to keep up with the rest of the world. Are you serious? We are devaluating our currency because we CAN’T PAY OUR BILLS ANY OTHER WAY.
  
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- KidCharlemagne
  Posted on December 12, 2012 at 4:09pm
  JRook
  Posted on December 12, 2012 at 12:57pm
  As a cooperative member of the World banking system the US has to weaken the dollar in sync with the European Union and Japan.
  ===========================
  
  If the US really wanted to weaken the dollar, then it would tell the EU and Japan to quit buying US treasury bonds….
  
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carpee
Posted on December 12, 2012 at 12:57pm
Why don’t they just send us cash, directly?

Instead of pumping money to G-d knows where

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GhostOfJefferson
Posted on December 12, 2012 at 12:57pm
Money that it has printed out of the ether. Which devalues the dollars in our pocket by the percentage that amount represents to the money supply already in circulation. Which is called inflation of the currency, for those in the know.

And people gasp when I say paying taxes is nigh immoral in the current day and age. As if somehow we had a moral obligation to continue to play in this highly rigged game meant to fleece us of money, liberty and will.

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- Snowleopard {gallery of cat folks}
  Posted on December 12, 2012 at 1:05pm
  Agreed, the madness and destruction of our nation continues at dizzying pace. There will be no stopping them short of a full scale revolution after a national collapse.
  
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- The_Jerk
  Posted on December 12, 2012 at 1:06pm
  “Give me control of a nation’s money and I care not who makes it’s laws” — Mayer Rothschild.
  
  It’s another chapter in the Jewish cabal. Uncanny that Jews are 1.3% of our population, but 100% of the Fed Chairs in my lifetime.
  
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- kindling
  Posted on December 12, 2012 at 1:11pm
  We stand a better chance at a casino. I have never gambled but that is what paying taxes is now….juat throwing your money away.
  
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- Fubared
  Posted on December 12, 2012 at 1:28pm
  Jihad jerk, please let me know when your life expectancy is up so I can order the cake and klezmer band. Lalalalalalala.
  
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- The_Jerk
  Posted on December 12, 2012 at 1:58pm
  Fubared, today. Make it chocolate, with chocolate icing.
  
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- Fubared
  Posted on December 12, 2012 at 2:45pm
  Klezmer band is warming up just for you. Would of assumed you would go with vanilla with a white icing.
  
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- The_Jerk
  Posted on December 12, 2012 at 3:09pm
  Fubared, there’s that word “assume” again. You do understand, don’t you?
  
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- Fubared
  Posted on December 12, 2012 at 3:16pm
  Ass of you, not me. Surely you got the vanilla and white icing bit being an aryan and all. You do understand. Lalalalalala.
  
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- The_Jerk
  Posted on December 12, 2012 at 5:16pm
  Fubared, I got it… even thought about preempting that remark in the initial statement, ’cause I knew it was coming. Sieg Heil!
  
  Tongue-in-cheek…
  
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- Fubared
  Posted on December 12, 2012 at 8:45pm
  Yep, we live in a time where nazis are toothless and mocked, finally. Glad you see the humor in your sickness.
  
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FSM_47
Posted on December 12, 2012 at 12:56pm
Oh good. Pumping out Fiat Dollars to feed future inflation. Brilliant

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Uncurable wound
Posted on December 12, 2012 at 12:56pm
Wow they are going to print Fake money…What a great Idea!
Why hasnt anyone thought of this before??????
Stupid is donig the same thing over and over and expecting different results….
Kind of like the election we just had!!!

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BasketFullOfPuppies
Posted on December 12, 2012 at 12:53pm
6.8 % in government terms, will probably be closer to 35% in real terms.

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ArmedAndReallyPissed
Posted on December 12, 2012 at 12:53pm
Awesome. Now we have even more green paper to wipe our asses with. Go Ben go. Only a few more days till the 21st !! Can you make the deadline ?

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tckid17
Posted on December 12, 2012 at 12:52pm
The Three wise men rode their Bernancke(donkey) to the Federal Reserve. Take that Billion dollars and buy a loaf of bread at the Wiemar Bakery.

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The_Jerk
Posted on December 12, 2012 at 12:51pm
Let’s stop with the euphemisms. Call it what it is. Theft through devaluation of the dollar. The Jewish Bernanke is joining his brothers Hess, Marx, Alinsky, Piven, Sunstein and Bloom in the effort to bring us to our knees.

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- Uechi
  Posted on December 12, 2012 at 1:11pm
  It has nothoing to do with Jews bigot. It has to do with evil and incompetence. These come in every race, religion, sex and social class no one peoples have a monoply on evil, well made Islam
  
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- The_Jerk
  Posted on December 12, 2012 at 1:34pm
  Hitler was a national socialist. Communists are international socialists. Please learn your history. Ignorance is killing us.
  
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- The_Jerk
  Posted on December 12, 2012 at 1:36pm
  UECHI, if what you say is true, explain this fact: Jews are 1.3% of our population, but 100% of the Fed Chairs in my lifetime. Statistics and probability defy your conclusion.
  
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- Fubared
  Posted on December 12, 2012 at 2:00pm
  UECHI
  Like his useless rants, it’s pointless to argue with a nazi. “Belligerent, wiki, give me control blather, hitler said, Rothchilds, blah, blah, blah blah.” Fact is, fact is, fact is, fact is, fact is. He believes what the kluckers and aryans sell and has val-pak coupons to buy into it even more. History says, wiki says, hitler says, same old crap over and over and over and over. Hence, the obligatory jihad noise: lalalalala. Here is to a happy Hanuka to the jihad jerk.
  
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- Favored93
  Posted on December 12, 2012 at 5:45pm
  @The_Jerk
  Posted on December 12, 2012 at 1:50pm
  It’s the move to international socialism. Truth, honesty, fact, have nothing to do with it. The ends justify the means to communists. You’re not dealing with people who hold your values sacred. Churchill wrote about this half a century ago. You’d better wake up.
  ———-
  I agree with your post here jerky boy … But then you had to show your ignorance and retarded hatred for the Jew when you posted a link about Zionism. You are a man who some how manages to be wrong even when you are right! HAHAHA Poor lil guy….
  
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