The Fed's New Stimulus Is a Monster, but How Will It Help the Economy?

Sep 14, 2012 | Posted by: Mr_Bill | Full story: www.theatlantic.com

Ben Bernanke has a message for Washington. The recovery doesn't deserve its name.

To be fair, it's been his turn for a long time. The Federal Reserve has a dual mandate to keep both inflation and unemployment low. But unemployment hasn't fallen under 8% in Obama's term and inflation is nowhere to be seen. And so, two years after announcing a second round of quantitative easing, or QE, to help the economy, the Fed chair did something really, truly big. He announced stimulus without limit.

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#1
Sep 14, 2012
 

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How will it help? It won't. They are just flooding the bad banks that are over leveraged with more money not worth the paper it is not printed on.

Did QE1 or 2 work? Nope. So what in their right mind would make QE3 work? It won't. Maybe the idea that the third time is the charm? LOL, riiiiiiiiiiight.

A stimulus is something stimulating. What this is is more loans of our money that we rightfully owe being pushed out to the government and banks and we the people have to pay for. It is fraudulent since we the people did not approve it. And it is a violation of Article Section 8 of the constitution.

But the Dems and Neo-Cons will continue this idea that it will work. Thats right people, your future, your children's future, your grand children's future, your great grand children's future has just been put into slavery by bankers. And you got 0 say in it.

And that sentence there that says "under 8% unemployment" is a complete lie. Look at the UPI rates.

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Sep 14, 2012
 

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The Congress must act:

* We need to eliminate completely any and all tax incentives, cuts, exemptions, loopholes, deductions; for any profit earned outside of the USA.

* We need a high tax on corporate "stored liquidity."

* We need a tariff on all manufactured imports.

* We need inspection, at POE, of all imports, by trained American citizens, who will unpack, insect, and repack every box, container, bag, and crate. This paid for by the above tarrif.

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Sep 14, 2012
 

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Now we're truly f**ked
An open check book, with no spending limit

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Sep 14, 2012
 

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Mr_Bill wrote:
The Congress must act:
But they won't. They believe we have to have this central bank even though Congress has the authority to print a non debt backed currency.

It's game over Bill.

Congress, the President, all of it is bought and paid for. Up next WW3.

Gerald Celente put's it best. Look at the trends. The crash of 1929, currency wars, trade wars, world war. The crash of 2008, currency wars (going on), trade wars (going on with China), world war (the middle east is exploding).

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#5
Sep 14, 2012
 

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Kahoki wrote:
How will it help? It won't. They are just flooding the bad banks that are over leveraged with more money not worth the paper it is not printed on.
Did QE1 or 2 work? Nope. So what in their right mind would make QE3 work? It won't. Maybe the idea that the third time is the charm? LOL, riiiiiiiiiiight.
A stimulus is something stimulating. What this is is more loans of our money that we rightfully owe being pushed out to the government and banks and we the people have to pay for. It is fraudulent since we the people did not approve it. And it is a violation of Article Section 8 of the constitution.
But the Dems and Neo-Cons will continue this idea that it will work. Thats right people, your future, your children's future, your grand children's future, your great grand children's future has just been put into slavery by bankers. And you got 0 say in it.
And that sentence there that says "under 8% unemployment" is a complete lie. Look at the UPI rates.
K, I knew you'd rise to this topic, like a trout to a fly.

The QE1 & 2 did work. They began our slow, sluggish recovery.

But our real problem is a Congress that has sat on its hands since it was seated. The present Congress cares nothing about the economy, but is motivated solely by hate for President Obama, and spiking his efforts wherever they could.
The have done, literally, NOTHING to help.

What we really neeed is a tax on corporate liquidity, and on exportation of jobs and capital.
That dovetails with your assretion that we need "...more loans of our money that we rightfully owe being pushed out to the government and banks and we the people have to pay for..."

How do we accomplish that with a Congress that would rather see unemployment in their home districe than to act to assist the president in our economic recovery.

The external drag of that sick man of Europe is no help to us either.

And China, and Japan, waltzing areound their disputed islands with warships cannot help World economic recovery with sabre rattlings.

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Sep 14, 2012
 

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DavidH64 wrote:
Now we're truly f**ked
An open check book, with no spending limit
Be quiet and listen to the adults.

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Sep 14, 2012
 

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Mr_Bill wrote:
<quoted text>
Be quiet and listen to the adults.
Verpiss Dich!

Your suggestion is to spend our way out of this mess. YOUR Messiah, YOUR Black Jesus has doubled the mess Bush left. So STFU and stop drinking the Obama Kool-Aid you ignorant f**k.

Your mommy and daddy really should limit your time on the internet troll.

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Sep 14, 2012
 

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Mr_Bill wrote:
<quoted text>
K, I knew you'd rise to this topic, like a trout to a fly.
The QE1 & 2 did work. They began our slow, sluggish recovery.
But our real problem is a Congress that has sat on its hands since it was seated. The present Congress cares nothing about the economy, but is motivated solely by hate for President Obama, and spiking his efforts wherever they could.
The have done, literally, NOTHING to help.
What we really neeed is a tax on corporate liquidity, and on exportation of jobs and capital.
That dovetails with your assretion that we need "...more loans of our money that we rightfully owe being pushed out to the government and banks and we the people have to pay for..."
How do we accomplish that with a Congress that would rather see unemployment in their home districe than to act to assist the president in our economic recovery.
The external drag of that sick man of Europe is no help to us either.
And China, and Japan, waltzing areound their disputed islands with warships cannot help World economic recovery with sabre rattlings.
QE1 and QE2 only applied more debt that we the people will have to pay for.

The tax problems is nothing more than a symptom of the problem. The root issue is having a debt based currency that is issued by a bank. The quantity of money is the second issue.

You talk of taxes which will help, but, the root problem of the debt money system is still there. And that money is issued by a bank.

The money issued needs to be issued by government of the people and non debt backed. Then a quantity of that money is capped on a yearly basis during the budget. Then the debt that has occurred is considered fraudulent on against the people.

That will handle 90% of the issue right there. Not having a bank flood the system with more debt based money. It's like trying to drink yourself sober. Not going to happen.

The system is collapsing, there is no recovery. That is a lie. The gap between rich and poor is at an all time high since the 60's. 88 million americans are out of work. But you think there is a recovery? That is comical. Where si there a recovery? Oh yeah thats right on Wall street and the rigged casino game of the stock exchange. Maybe a recovery for the hedgefunds and banks, but, not for the people. But keep spewing the same lie there Bill.

This act by the fed is only going to throw more money to prop up the system. That is it. And when it collapses I will be there saying I told you so. And when it collapses again, all hell is going to break loose. When people lose everything and have nothing left to lose, they lose it.

The military is preparing for civil unrest and are getting ready to crack down on the people. Even the Army has leaked plans on what they are being ordered to do by rounding people up during civil unrest. The Navy is training Sea Bees and others on how to crack down on the people. The Army and Air Force are conducting training drills with black hawk helicopters in Minneapolis, Miami, LA and other cities.

And as the trend of history shows, when things collapse, they take you to war. And this administration 2 days try selling the Bush lie of Al Qeada ties to Iran. No we have not heard that one before.

And all the while, the wealth of the nation is being stolen from them right in front of their by the Fed who is shoving more debt based money (with interest) down our throats that "WE" have to pay for while they create it out of thin air.

“It's a Brand New Day”

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Sep 14, 2012
 

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DavidH64 wrote:
<quoted text>
Verpiss Dich!
Your suggestion is to spend our way out of this mess. YOUR Messiah, YOUR Black Jesus has doubled the mess Bush left. So STFU and stop drinking the Obama Kool-Aid you ignorant f**k.
Your mommy and daddy really should limit your time on the internet troll.
Oh!

It's Friday Night!

Klan meet in the meadow, then the fish-fry.
Make sure your sheet is clean; you know how sloppy and messy you were last week at the pork BBQ.

“It's a Brand New Day”

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#10
Sep 14, 2012
 

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Kahoki wrote:
<quoted text>
QE1 and QE2 only applied more debt that we the people will have to pay for.
The tax problems is nothing more than a symptom of the problem. The root issue is having a debt based currency that is issued by a bank. The quantity of money is the second issue.
You talk of taxes which will help, but, the root problem of the debt money system is still there. And that money is issued by a bank.
The money issued needs to be issued by government of the people and non debt backed. Then a quantity of that money is capped on a yearly basis during the budget. Then the debt that has occurred is considered fraudulent on against the people.
That will handle 90% of the issue right there. Not having a bank flood the system with more debt based money. It's like trying to drink yourself sober. Not going to happen.
The system is collapsing, there is no recovery. That is a lie. The gap between rich and poor is at an all time high since the 60's. 88 million americans are out of work. But you think there is a recovery? That is comical. Where si there a recovery? Oh yeah thats right on Wall street and the rigged casino game of the stock exchange. Maybe a recovery for the hedgefunds and banks, but, not for the people. But keep spewing the same lie there Bill.
This act by the fed is only going to throw more money to prop up the system. That is it. And when it collapses I will be there saying I told you so. And when it collapses again, all hell is going to break loose. When people lose everything and have nothing left to lose, they lose it.
The military is preparing for civil unrest and are getting ready to crack down on the people. Even the Army has leaked plans on what they are being ordered to do by rounding people up during civil unrest. The Navy is training Sea Bees and others on how to crack down on the people. The Army and Air Force are conducting training drills with black hawk helicopters in Minneapolis, Miami, LA and other cities.
And as the trend of history shows, when things collapse, they take you to war. And this administration 2 days try selling the Bush lie of Al Qeada ties to Iran. No we have not heard that one before.
And all the while, the wealth of the nation is being stolen from them right in front of their by the Fed who is shoving more debt based money (with interest) down our throats that "WE" have to pay for while they create it out of thin air.
Very nice. I understand your ideological hate of the FED.

Now, be pragmatic.
The FED isn't going away because of your hate.
What could and should it do?

AAs to your tangent about war as a distraction from economic reality...
President Obama is disengaging us from war, and wants no more.

Mr Romney may well persue war as a distraction, but I'm really not sure what he believes (if anything.)

“Open your eyes”

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Sep 14, 2012
 

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Mr_Bill wrote:
<quoted text>

President Obama is disengaging us from war, and wants no more.
Ok, then explain Libya, Yemen, Syria, Pakistan, the 500 special forces sent to Africa to help existing governments stop rebellions.

No, he won the peace prize.

LOL!!!!!!!!!!

Bush is Obama and Obama is Bush. Same policies no change. Welcome in the new boss the same as the old boss.

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Mr_Bill wrote:
<quoted text>
Very nice. I understand your ideological hate of the FED.
Every American should hate the FED. All they have done is bind us to slavery of debt.

You should watch the documentary "The Money Masters" and "The Secret of Oz". Also read "The Creature from Jekyll Island"

“It's a Brand New Day”

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Sep 15, 2012
 

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Kahoki wrote:
<quoted text>
Ok, then explain Libya, Yemen, Syria, Pakistan, the 500 special forces sent to Africa to help existing governments stop rebellions.
No, he won the peace prize.
LOL!!!!!!!!!!
Bush is Obama and Obama is Bush. Same policies no change. Welcome in the new boss the same as the old boss.
It is important for you to comprehend that peace is won, and not declaired

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#14
Sep 15, 2012
 

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Kahoki wrote:
<quoted text>
Every American should hate the FED. All they have done is bind us to slavery of debt.
You should watch the documentary "The Money Masters" and "The Secret of Oz". Also read "The Creature from Jekyll Island"
Year, blah blah, so what should the FED, which you hate, be doing in this world?

“your life is great”

Since: Aug 09

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#15
Sep 16, 2012
 
the only way a stimulus will work is if the money goes directly to the consumers.
$5k per verified social security number, regardless of income and age.
this would put money back into the economy!
some would save it.(college funds, savings, CD's, money markets)
some would spend it.(vacation, cars, retail, debt)
some would use it to refinance a bad mortgage.
putting money into the hands of the people that actually spend money.
.
.
allow ALL the tax cuts to expire, across the board, without exception.
reserve USPS bulk-mail rates for non-profit organizations ONLY.

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#16
Sep 17, 2012
 
Mr_Bill wrote:
<quoted text>
Year, blah blah, so what should the FED, which you hate, be doing in this world?
It should be non-existent.

Article 1 Section 8 of the constitution:

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures

Meaning, only the Congress can issue the nations money supply. Not a private bank.

Let me ask you Bill. How did Lincoln pay for the civil war?

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#17
Sep 17, 2012
 
Kahoki wrote:
<quoted text>
It should be non-existent.
Article 1 Section 8 of the constitution:
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures
Meaning, only the Congress can issue the nations money supply. Not a private bank.
Let me ask you Bill. How did Lincoln pay for the civil war?
Congress can and does authorize and regulate. Under your definition, the Treasury cannot make coins, the work must be done by actual congressmen, who are probably poor metalworkers, and poorer etchers.

THE FED:
It exists, it will exist, what should it do to stimulate the economy?

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