FED To Monetize All Gross Long-Term Issuance Over Next 3 Years

The death knell has rung...

"Oh beat the drum slowly and play the fife lowly, play the death march as you carry me along..."

Monopoly money is created less.... FACT.


Its over... But please keep working your asses off to have "integrity"... LMFAO

Why is this not

Holy Hell

"What Bernanke implicitly, and in one week explicitly, has announced is that it now takes $85 billion in monthly Flow injection from the Fed just to keep the market from collapsing. Oh, yes, and the market still has to surpass the highs seen the day after QEternity was announced."

From the comments @ ZH.

"The Fed remains dependant on the government to enforce any claim. They are merely bankers, no army, no police. Now, we can say (as mikla & TIS correctly have) that it has suborned "our" government to its purposes but it's still theft through credit.

Think of it like this, somone has stolen your credit and bought a new car with it. Now they are attempting to keep the car and force you to make the payments on it through the governments court system.

It's the same thing."