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BREAKING: FED to HALT Gov't Bond-Buying in October! ! End-date set; collapse too!
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Original Message
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From the "Wall Street Journal"
Federal Reserve officials agreed at June's policy meeting to end their bond-buying program in October, putting an explicit end date on the experiment for the first time and closing a controversial chapter in central-banking annals with results still the subject of immense debate.
The central bank has reduced bond purchases in $10 billion increments this year, to $35 billion a month from a peak of $85 billion. The tentative plan outlined in minutes of June's meeting, released Wednesday. . .
Anyone who has followed the federal reserve for the past few years knows that they have been "buying" billions of dollars per month in government bonds. They called this "Quantitative Easing" (QE) and claimed they needed to do this to stimulate the economy. That was a lie.
The real reason they _had_ to do it was because foreign investment in US Treasuries dropped by ninety percent back in 2007, after the fed announced they would cease publishing the M-3 Data; a measure of how much cash was being created out of thin air and put into circulation.
Foreign investors knew what this meant: With no way to tell how much cash was being printed, there was no real way to gauge how much a "Dollar" was really worth. After all, everyone knows that when a government prints money, the printing of new cash serves to DEVALUE all the other cash in existence.
Since the US Congress is the sole branch of government that can spend money or raise taxes, (No, a President cannot do either -- read the Constitution, it's in there), and since Congress is utterly incapable of reigning-in spending (because they're literally buying votes with free money to minorities) the cash HAD to come from somewhere. In stepped the federal reserve with "Quantitative Easing" a euphemism for printing money.
That was from about 2009 until today. We now know that QE will end in October. Uh Oh. Where will the US gov't get money if no one is lending any to them?
HMMMMMMMMM. Maybe they'll just swipe our Pension plan cash or force all pensions to be "invested" in government bonds?
Maybe they'll just levy a one-time 30% "tax" on all retirement plans and steal the money that way?
But wait, the American people will revolt if that happens. Oh, yea, that's why the Department of Homeland Security bought 1.2 BILLION rounds of hollow-point ammunition.
Put simply, folks, the gov't is going to TAKE our money and KILL anyone who rises up against it.
I'm no financial planner or investment adviser and am not qualified to give investment advice, but in my personal OPINION, I'd get my retirement money out in cash, screw paying the tax "Penalties" for early withdrawal, then wait and see if the government still exists after the dust settles. They may in fact collapse . . . or something else. . . .
[link to online.wsj.com]
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