Posted on September 13, 2012
LET’S THE GAMES BEGIN!
The Fed announced the beginning of QE3 with $40B in purchases of
Mortgage Backed Securities PER MONTH without stating any end date or
dollar amount. Here is the statement:
“the Committee agreed today to increase policy accommodation
by purchasing additional agency mortgage-backed securities at a pace of
$40 billion per month.”
“If the outlook for the labor market does not improve
substantially, the Committee will continue its purchases of agency
mortgage-backed securities, undertake additional asset purchases, and
employ its other policy tools as appropriate until such improvement is
achieved in a context of price stability. “
No limits. No end date. This is QE to INFINITY!
Make no mistake…this is all on purpose. This is the END GAME and the
blame for the global meltdown will be placed, rightfully, on the
shoulders of the Federal Reserve.
Basically, the Fed has chosen to FALL ON IT’S OWN SWORD!
The Gold and Silver move upward has caught all the shorts off guard.
The Bad Guys are in deep, deep trouble as they took their cues from the
likes of Jeffrey Christian and Jon Nadler who were advising EVERYONE to
short gold and silver.
Now it gets exciting!
PS – Ron Paul just happens to be speaking tomorrow night at the
Liberty Political Action Conference…if you think that is a coincidence
then I have some lovely swamp land to sell you in Florida!
The world is about to change.
May the Road you choose be the Right Road.
Thanks to: http://jhaines6.wordpress.com