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Operation QE-Screwed

Steven H of WA Wrote: Sep 16, 2012 4:11 PM

Call me a cynic but I believe the Fed has one and only one mission: to keep the interest rates on Treasuries low! If there is a secondary boost to the economy, all the better, but the real purpose is to keep the debt bubble inflated so the spending spree can role on. Think about it, at $16 trillion in debt, a 1% increase in net interest to the Treasury results in a $160 billion increase in spending on debt service alone. Now imagine the interest rates returning to normal historic levels, or even worse to late 1970s double digit rates! Do not believe anything any official or spokesperson of the government says. The worse things get the more they will lie to the public.

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Operation QE-Screwed

The geniuses at the Federal Reserve have concocted a bold new plan to revive the U.S. economy -- print a bunch of money, loan it to Americans at super low interest rates so they can speculate on rising real estate prices, extract the appreciated equity and spend it on consumer goods.

In other words, build an economy of real estate, by real estate, and for real estate. The only problem is we've been there and done that. The last time it almost destroyed the U.S. economy. I guess almost isn't quite good enough for the Fed, so now it's determined to finish...