Another TRILLION In Stimulus QEIII

[Franco]

Stocks soared today on the news that the Federal Reserve is ordering the US Treasury to print 1 TRILLION fresh dollars just in time for the election;)
http://www.qando.net/?p=13810&cpage=1

I know they won't actually print more money, just buy eveything on paper but, at some point in time there has to be a reckoning!

How in the world does the stock market climb 200 points on the dumping of a TRILLION more dollars? This should not only send gold soaring but further devalue the dollar!

85 BILLION a month in purchasing mortgage securities just a cover up for more banking bailout?

And, why won't Harry Reid allow the bill that calls for an annual audit of the Fed be voted on in the Senate? The bill has already passed the House. Why do we allow Foreign interest to control our system as well as Moody's?

INSANE


Guess we should now make that 17TRILLION!
http://sphotos-b.xx.fbcdn.net/hphotos-ash4/s480x480/402203_10151082617218752_190195360_n.jpg

[Franco]

http://sphotos-a.xx.fbcdn.net/hphotos-snc7/s480x480/398982_423270854398389_1505825715_n.jpg

[Marvin S]

Franco, Those of us who have savings & FI investments have had the value of that labor diminished. Greenspan/Bernanke need to get a real job so they have a true understanding of those of us who do. When there are no consequences for poorly thought out decisions they multiply like rabbits.

A 16 trillion debt @ 1% interest is 160 billion a year in interest alone, @ 6% you add another trillion per year - any suggestions as to how to pay that off? How about $20 a barrel on any oil not originating in North America to go directly to debt payoff?

[Franco]

Franco, Those of us who have savings & FI investments have had the value of that labor diminished. Greenspan/Bernanke need to get a real job so they have a true understanding of those of us who do. When there are no consequences for poorly thought out decisions they multiply like rabbits.

A 16 trillion debt @ 1% interest is 160 billion a year in interest alone, @ 6% you add another trillion per year - any suggestions as to how to pay that off? How about $20 a barrel on any oil not originating in North America to go directly to debt payoff?

I'll start by saying that our national deficit is the greatest threat to our Freedom. More so than any Islamic terrorist group!

We need not only a Balanced Budget Amendment but a refusal to continue to raise the Debt Ceiling which both political parties are so willing to do. And, we need to eliminate the facilatator, the one entity that is largley responsible for the mortgage crisis, the Federal Reserve. Their manipulation of interest rates single-handedly destroys the Free Market.

Medicaid is bleeding us dry. Way too many people that have zero sweat equity in SS are benefiting on the backs of others, running the entire SS broke. Not only has SS become a Ponsi Scheme, the theft is blatant and the sysetm poorly run by folks that are incompetant.