10 Shocking Quotes About What QE3 Is Going To Do To America

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Ready or not, QE3 is here, and the long-term effects of this reckless money printing by the Federal Reserve are going to be absolutely nightmarish.  The Federal Reserve is hoping that buying $40 billion worth of mortgage-backed securities per month will spur more lending and more economic activity.  But that didn’t happen with either QE1 or QE2.  Both times the banks just sat on most of the extra money.  As I pointed out the other day, U.S. banks are already sitting on $1.6 trillion in excess reserves.  So will pumping them up with more cash suddenly make them decide to start lending?  Of course not.  In addition, QE3 is not likely to produce many additional jobs.  As I showed in a previous article, the employment level did not jump up as a result of either QE1 or QE2.  So why will this time be different?  But what did happen under both QE1 and QE2 is that a lot of the money ended up pumping up the financial markets.  So once again we should see stock prices go up (at least in the short-term) and commodities such as gold, silver, food and oil should also rise.  But that also means that average American families will be paying more for the basic necessities that they buy on a regular basis.  The most dangerous aspect of QE3, however, is what it is going to do to the U.S. dollar.  Most of the rest of the world uses the U.S. dollar to conduct international trade, and by choosing to recklessly print money Ben Bernanke is severely damaging international confidence in our currency.  If at some point the rest of the world rejects the dollar and no longer wants to use it as a reserve currency we are going to be facing a crisis unlike anything we have ever seen before.  The real debate about QE3 should not be about whether or not it will help the economy a little bit in the short-term.  Rather, everyone should be talking about the long-term implications and about how QE3 is going to accelerate the destruction of the dollar.


The following are 10 shocking quotes about what QE3 is going to do to America….

#1 Ron Paul

“It means we are weakening the dollar. We are trying to liquidate our debt through inflation. The consequence of what the Fed is doing is a lot more than just CPI. It has to do with malinvestment and people doing the wrong things at the wrong time. Believe me, there is plenty of that. The one thing that Bernanke has not achieved and it frustrates him, I can tell—is he gets no economic growth. He doesn’t do anything with the unemployment numbers. I think the country should have panicked over what the Fed is saying that we have lost control and the only thing we have left is massively creating new money out of thin air, which has not worked before, and is not going to work this time.”

#2 Peter Schiff, CEO Of Euro Pacific Capital

“This is a disastrous monetary policy; it’s kamikaze monetary policy”

#3 Michael Pento, The Founder Of Pento Portfolio Strategies

“This is the nuclear option for them. This is a never-ending weapon that is being fired at the middle class”

#4 Donald Trump

“People like me will benefit from this.”

#5 Economist Anthony Randazzo

“Quantitative easing—a fancy term for the Federal Reserve buying securities from predefined financial institutions, such as their investments in federal debt or mortgages—is fundamentally a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy. It is a primary driver of income inequality formed by crony capitalism. And it is hurting prospects for economic growth down the road by promoting malinvestments in the economy.”

#6 John Williams Of Shadowstats.com

“That’s absolutely nonsense.  The Fed is just propping up the banks.”

#7 Marc Faber

“I happen to believe that eventually we will have a systemic crisis and everything will collapse. But the question is really between here and then. Will everything collapse with Dow Jones 20,000 or 50,000 or 10 million? Mr. Bernanke is a money printer and, believe me, if Mr. Romney wins the election the next Fed chairman will also be a money printer. And so it will go on. The Europeans will print money. The Chinese will print money. Everybody will print money and the purchasing power of paper money will go down.”

#8 Mesirow Financial Chief Economist Diane Swonk

“I think this will end up being a trillion-dollar commitment by the Fed”

#9 Federal Reserve Chairman Ben Bernanke

“I want to be clear — While I think we can make a meaningful and significant contribution to reducing this problem, we can’t solve it. We don’t have tools that are strong enough to solve the unemployment problem”

#10 Credit Rating Agency Egan-Jones

“[T]he FED’s QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US….”

We have reached a major turning point in the financial history of the United States.

It would be hard to overstate how much damage that QE3 could potentially do to our financial system.  If the rest of the world decides at some point that they no longer have confidence in our dollars and our debt then we are finished.

Sadly, the mainstream media does not seem to understand this, and most Americans gleefully believe whatever the mainstream media tells them.

So what do you think about QE3?  Please feel free to post a comment with your opinion following this article….

  • Dirty Dave

    So, if you have a $100,000 in your bank account. What do you do?

    • Kevin


      I would not put off any repairs you may need to your car or home. buy what you NEED now because at some later date not too long into the future those things / repairs or replacements will be far more expensive. Some stores of necessities are good to have but replacement is better. Better a few chickens that lay eggs than food stores.

    • Mondobeyondo

      Diversify. Diversify. Diversify!!!

      Buy some gold, some silver, some energy stocks (oil, natural gas, etc), technology stocks like Apple, etc. and a few bucks invested in McDonald’s and Starbucks. Not Best Buy or JC Penney though, they are going down. And maybe $100 in Red Lobster stock. Always nice to have some “surf and turf” on a Saturday night. Be sure to have enough cash on hand to be able to survive when the unexpected “bank holiday” arrives.

      Seriously – just be prudent, consult a financial advisor (definitely not me!) – and don’t put all your eggs in one basket. Do NOT do that! Ever!!!

    • Aliceinwonder

      Cash out. If you must have your $$ somewhere use a credit union. Invest in silver/gold. Stock up on food, water, medical supplies, toiletries, personal need items, booze, ammunition and anything you can barter with. Listen to The Survival Podcast for more info.

    • OldPhart OutIn TheDesert

      First: Get it OUT of the bank!! Quickly, before it vaporizes in some rehypothecation scheme. You realize that all of your money in any bank is drained and placed in short term investments. That most of those are treasury bills, yes, however any portion can be/has been used as collateral for extreme risk hedges. Such as what brought down MF Global, Peregine, et al.

      Second: Buy physical precious metal. Gold is at risk of confiscation (happened in 1932) but Silver is the big mover since it is being consumed by electronics and missles.

      Third: Use money to go off grid, get solar power, independent water, farm acreage, and start stocking up on food, water, arms, ammo, knowledge books and make some friends that are doing the same thing.

    • Repentant

      Jesus said, “if you want to be perfect sell all that you have, give it to the poor and take up your cross and follow me.” Not a lot of people willing to do that. Maybe you are one that is. Life and death do not matter, money doesn’t matter, politics don’t matter, only the eternal life promised by Jesus Christ to those that live in him and believe in him matters. Once you truly begin to follow Jesus Christ you will find that you have very little need for silver and gold. God Bless.

      • JDP48

        “You truly are a light-bearer. One by one each and every
        One of us are waking up to the Truth, the Way
        and the Light. May God Bless the human race.”.

      • @Repentant: God does not delight in your poverty. Granted it may be useful if you are needing to learn to not lust after money and things…But an orphan spirit is not what He’s after. Jesus came for the abundant life. All I’m saying is that God is a good and loving father, and as Jesus says, what loving father would give a scorpion when we ask for bread? So, gold and silver may be just fine if they’re in your realm of possibilities.

        The young prince obviously was attached to his wealth. Jesus does not ask everyone to give up all posessions. Personally, I’ve never prayed for money. I have asked for divine help in times of real need, and He’s never left me hanging. He even sold our house just before the crash at double high market. And it wasn’t even on the market. He’s that kind of God – often answering prayers we never even prayed.

      • al

        Like sex, any public display of religion should be banned, especially in front of small children.
        Freedom of religion should be exercised in the confine of your private home, with all curtains shut.
        “All national institutions of churches, whether Jewish, Christian, or Turkish, appear to me no other than human inventions, set up to terrify and enslave mankind, and monopolize power and profit”. Thomas Paine.

      • al

        Which god? The Vatican god? oops a thousand years and a hundred nations of failure. The Muslim god? oops a thousand years and a hundred nations of failure. shall I go on?

    • wmagg

      the smart thing to do is play both ends against the middle take half of your savings and but gold and silver then even if the dollar tanks, which it will, gold and silver will rise. the worst you can do is break even.

  • Randy

    The time to liquidate your assets and get out of the country is now. It is going to get real ugly real fast and real soon.

    • Kevin


      And go where?

      • Liberum1776

        oh where to go: Singapore (for investment) or Costa Rica (If you are a Doctor). Otherwise: Forget Europe for sure. China is going down along with India (Large importers into the US meaning they are dependent on a strong dollar). Russia? Nah, they are going in the same direction as the US. Aussie Land or NZ? Nope, they are doing the same thing and dependent on the UK. Middle East is going to burn (As a distraction to the populace we will invade a few nations but mostly unsuccessfully). This leaves Africa (HAHAHAHAHAHAHA) and South America if you look for countries to go to. BUT rather than look for countries to go to you should consider staying put and get off the grid. When I speak of getting off the grid, I don’t mean the electrical grid or whatever, I mean OFF THE GRID in the sense your dependency is extremely limited. If this is an option, that is the way to go. Otherwise, if you are not fairly well off enough to drop off the face of the earth for a year OR you are not in a position to move to another country then what you need to do is stock up on enough supplies that you can get over the hump of the hyperinflation. In previous situations the hyperinflation has started off fairly slow 10-15% a year followed by a year where you get 1000%/year and finally real hyperinflation at which point everything breaks down. If you can manage to get over this bump and be in a part of the country where tyrants won’t take over (or you can help prevent them from taking over) then you will be in good shape. Remember, to make it you need connections within the community you are in. You and that community have to have the ability to protect what is yours and have the foundation to build upon what you have. At the same time you need to have supplies to get through the first year. You also need to get your neighbors to wake up and start stocking up on supplies. This includes Gold, Silver, Guns, and food. Two more things: Find or become the person who knows tactics and your area of the country so you can determine possible weak points. Finally, find someone or be the person who knows how to distill alcohol. It is invaluable for medication, a fuel source, and a weapon.

      • Mondobeyondo

        Chile – relatively stable economy, democratic government
        Argentina – don’t think so, considering their political/economic history
        Australia – good luck trying to get in
        Canada – too cold
        Cameroon – low cost of living, and it shows
        Anywhere in Europe – nope. Europe’s sinking faster than the U.S.
        Central America – maybe. The beaches look nice
        South Africa – perhaps
        Somalia – ha ha haaa hee hee hoo hoooo
        Mexico – a possibility, if you can avoid the drug lords and kidnappers
        Antarctica – too cold, and hard to grow food there with all that ice

    • That is the advice of someone who’s probably never been out of this country! I have.

  • Gary2

    QE3=Obama victory. Mittens is toast!

    Oh BTW: Wisconsin Collective Bargaining Law Struck Down By County Judge
    By SCOTT BAUER 09/14/12 06:01 PM ET

    Ha ha ha my side is winning. We will CRUSH republicans and conservatives, many of who say that if mittens looses the party should be disolved. Yes crush the GOP they are selfish scum and I will relieve myself on the grave of the failed GOP.

    What a happy day! Finally we can go left!

    • Kevin


      “Ha ha ha my side is winning.”

      Are you mad? No one is winning.

      How can any sane person gloat over the demise of the purchasing power of the USD? Do you have any idea that the poor will feel the pain first and worse? Those on fixed incomes will suffer terribly. Who cares who wins when there is nothing to win?

      Your like Nero fiddling while Rome is burning.

      Things are going to get very expensive relative to income. Food and fuel are intentionally omitted in the Consumer Price Index as a tabulation for inflation. It does not matter how your living now because your going to be living worse next year as food and fuel climb in price.

      Gloating over this is insanity.

      • Randome-11

        He means winning like bolchevism in the WW1 Russian Empire.

        Fiddling? Don´t you mean golfing?

      • Jerry

        Exactly. When the financial SHTF guess what? EBT cards will no longer function and massive widespread rioting will quickly begin. The first to suffer will be the poor, followed rapidly by the shrinking middle class. And this fool thinks QE infinity is a good thing because it will get his hero, the worst president in American history reelected! Democrat good, republican bad, dumb de dumb. And if you’re going to eat the rich start with some of the biggest players responsible for the inevitable economic disaster: Obama ($12 Million), Pelosi ($58 Million), Feinstein ($26 Million), Dodd-Frank ($20 Million), Reid ($10 Million), the Clintons ($100 Million) etc. etc. At least Romney earned his wealth privately and gives generously to charity, all why creating more jobs than B.O. ever has.

        • kaiserin

          No no no…acting like Mittens isn’t anything but a vile robber baron is just as bad as Gary’s inane cheerleading for the liberals. Mittens made his wealth by gutting American companies and shipping our jobs overseas. He certainly has created a lot of jobs for foreign countries, that can’t be denied, but he wants to be the President of the US and he doesn’t give a crap about anything other than his bank account. I could go on about Obama’s defects too but why bother? When are people going to wake up and realize that BOTH sides are bad? THEY ARE THE ELITE AND DO NOT CARE ABOUT YOU. Plain and simple, all you have to do is LOOK at what they’re doing instead of listening to their slick speeches and focus-group manipulated messages, and apply some critical thinking. Obama isn’t the worst President ever, he’s just playing the role that his elite masters chose for him, just like all the Presidents since Ike (maybe before too, who knows?). Generally, if you’re a politician, you’re a scumbag. Pretending like one is better or more moral than another is like saying a cold turd sandwich is better than a hot turd sandwich! The only real solution is…well, we all know what it is but better not say it out loud because Big Brother is watching.

        • Rhynn

          Jerry should post his own numbers in parenthesis because with the sheer cost of the amount of pot he had to have smoked to write that last sentence he’s got to be loaded like Howell III on Gilligan’s Island.

      • Rhynn

        That Nero was a cool cat.

    • Rodster

      Hey Gary it’s he loses not looses. At least you didn’t spell loozes you loozer :lol:

      You elevate the intelligence of the left, if that says anything.

    • You are really ignorant you know that! If you were smart you wouldn’t support either candidate.

    • Jason

      You are an idiot. The world is burning and you want to play political games?

    • David

      Change the word “left” to “to Hell” because that is where most of your kind are going to end up.

    • Pat

      Gary, What will you win? More people on public entitlements? Socialism? Communism? Be careful what you wish for, you may not like it!!! Ask the people any country that once enjoyed freedom who thought the same as you.

      Look at all the cities and states that are controlled by the left – they are SUFFERING!!!

      • Randome-11

        He´ll win a nice little revolution.

    • seriously?

      Oh BTW: Wisconsin Collective Bargaining Law Struck Down By County Judge.

      Lets see, the short amount of time he’s been in office he turned billions in deficits
      into millions in surplus! What are you so excited about?

    • Adam

      Damn you are so dumb Gary2! The quantative easing (which the left loves) has boosted stocks and precious metals. How did you do this week? I made close to 100k in stocks and precious metals in a week! All the people on the left will get stuck with the inflation of commodities (higher food price, gas, etc.) and with no profits from the stock market. HAHA

    • Scott

      The Wisconsin Supremes will laugh and quickly overturn that insignificant judge just like they have before. And LOL, your side is winning because the FED is printing money? Obama policies = big failure, that’s why the FED has to bail him out. And the only thing selfish is your mooching off of taxpayers.

    • marK

      Well Gary2,I hope you will like it when you are making $12 an hour and a loaf of bread will cost you $15 or more.

    • Deborah

      your side is winning? do you know how ignorant you sound? we are all Americans! obama was going to bring us all together! what a farce he has been! your side is winning you say? winning what? A bad economy where families are living in their cars? Do you have a CLUE why the government you seem to be in love with is printing money? No. I didn’t think so. because if you had the slightest clue you would be working to CHANGE this country not help turn it into a third world country! I keep forgetting you can’t fix stupid!

    • Graham


      My side? What a happy day? We are going left?

      Dude.. 5up, but I thought you were showing some positive signs of “awakening” a number of months ago. What happened? Your side, the other side, left, centre, right, far right, right out the centre window and back in the left access (etc).

      You still haven’t grasped it is “one and the same” who controls all? The rest is just bullshit to keep people’s minds busy, divided and completely distracted. If it ain’t politics, it’s religion and colour (color). It’s good to be just human!

      Look beyond the goldfish bowl that they contain you in. I have plastered what you need to know in every post this year. So have many others who clearly “get” it. Most who have the best chance possible of “gettingbit”, ignore it. Tough. Because “tough” is how things are about to get at a whole new level.

      See this from Avazz. A “real” place where people’s votes have prevented “many” things from becoming law. Imagine if the “global population” used this site efficiently instead of babbling in forums, talking shop and doing zero else?


      • Randome-11

        “If it ain’t politics, it’s religion and colour (color). It’s good to be just human!”

        No, it is not, it only makes you an apathetic and uninspired ****.

        What he means is that without bread and circuses, the populations won´t support the governement and the lies of the system anymore.

      • The One


        Do not waste your words on these “Sheeple” as they will never understand how the Hegelian Dialectic traps their feeble minds in eternal bondage…They will never awake from their psi-op induced dream state. Useless eaters and Meat for the table of the Elites. THEY ARE THE ELOY…


    • Graham


      Check this out too. Worth keeping an eye on, just in case it becomes “reality”. Another device called “E-Cat”” is ready to roll (Rossi). Free energy? Sure it’s a nuke the Iranians are building? Remember the US Drone they brought down intact and unscathed? Heard of Nikola Tesla (1930’s)?


    • Randome-11

      Obama is no socialist, he is not even leftist.

      The only thing that could be called “socialism” is that private property is rapidly becoming irrelevant and power through military force.

    • A Dodgy Bloke

      Hey Gary II

      Below are postcards from a furios China. Take a gander if you think anybody is going to win once the rubble stops bouncing. You are either a fool, badly informed, or a madman.


    • Save the Republic

      Gary, the left-right thing is moot. It used to be like a see-saw, with Dems on one side, Repubs on the other, and the bar in the middle being the economy. Now that the bar is broken and lying on the ground, the sheeple in line on either side should go home and stop playing the game. A flat board lying on the ground doesn’t rock very well.

    • Col. Wilson

      sigh… again Gary2 spouts his rhetoric of obama is the savior & ‘TAX THE RICH & SPREAD THE WEALTH’ the problem is that FACTS show this is IMPOSSIBLE!

      Watch the following videos & see for yourself…

      1. The National Debt and Federal Budget Deficit Deconstructed

      If that wasn’t bad enough, we can’t even tax the rich to balance the budget!

      2. What Can We Cut to Balance the Budget

      3. Will Taxing the Rich Fix the Deficit?

      Of course many liberals (notice I did not say all) believe the lies of stimulus spending & govt creation of jobs – I mean you just print more money & magically a job is created & everyone is happy; however this is not the case…

      4. Why Not Print More Money?

      5. Does Stimulus Spending Work?

      Now since most ppl

      6. What If the National Debt Were Your Debt?

      Amazing how you (Gary2) ignore the facts & continue to promote such ridiculous ideas. Your obviously intelligent & well spoken however there is a lot that your missing.

      I hope you see the truth soon.

  • TimeHasCome

    What a disaster Bernake has been . Rick Perry got one thing right it is treasonous to screw with the currency of a nation . This will cost people their lives around the world . As vast sums of money flows into the necessities of life the cost of living will be out of reach for most of the worlds population .
    Read a great book “When Money Dies ” about Weimar Germany 1922-1923 and see the parallels for yourself . Get rid of your paper investments and get into tangibles . Things that you can touch and is a store of wealth.

  • A Dodgy Bloke

    I saw that the Fed was starting open-ended QE and was horrified. You can make a pretty good argument QE II sparked the so-called Arab spring by goosing up food prices worldwide. We see how well that’s going. What few people realize is money has to go some where last times it went into farmland, commodities i.e. food, gas, gold, silver, and other stuff. The only thing is going to do is make an up coming food crisis worse and eventually kill the dollar. My advice is stock up on food.

  • marK

    This is the wrong way to go. We need to cut spending and cut taxes. We will slow down from the spending cuts but speed up from the tax cuts. We have to stop kicking the can down the road and take our pain as it will just make it worse as we keep on kicking the can. We need to get Americans to support themselves instead of the government supporting them. Our system was never meant to be a socialist state.

    • Kevin


      Regardless if we are or are not meant to be socialist too many dollars chasing too few goods spells inflation. Previously inflation was mainly caused by the velocity of money.This time it will be sheer volume. Velocity can be slowed with increasing the cost of borrowing. Now fewer are borrowing because they can’t even afford the principle. The old tools that those classically educated in economics no longer apply because of QE1, 2 & 3. Shortage of money? No problem; make more.

      A capitalist, socialist or full blown communist country cannot run this way.

    • shaw

      the longer the wait, the greater the weight.

  • GA


  • K

    This will work no better than the previous QE efforts. No matter how much money, you throw at rich people. They are not going to create decent paying jobs in the U.S. No decent jobs, no recovery. It is really, just that simple.

    • Save the Republic

      Yes, people without disposable income to drive purchasing. No purchasing, no need for production or sales jobs. Less jobs, less purchasers, etc., spiral down, etc.

  • DaytoDay

    It’s already being devalued…

    1 USD = .76 Euro
    1 USD = .76 UK Pound
    1 USD = .93 Swiss Franc
    1 USD = .95 Australian Dollar
    1 USD = .97 Canadian Dollar

    So, compared to other industrialized, 1st world countries, the US Dollar is already losing value, and has been for sometime…

  • Colin

    My mother is on a contract. The contract expires in a week. She is waiting for interviews. I don’t see how QE3 will help my mother who may have to declare bankruptcy. Until then, she is praying and hoping for a job that will pay a good wage so she can go back to being on time with her debts and having a chance to do the things she used to do.

    Every year, things get incremental worse. Now, for the first time in my life, I am seeing the main stream media starting to ask questions. A major publication, Newsweek, is asking the question, Is college a lousy investment? I would never have though this would happen in my lifetime.

    I watch the films wherein a dystopia has taken hold of our country. The latest is the Hunger Games. From the book, it described how this future came about: “…the droughts, the storms, the fires, the encroaching seas that swallowed up so much of the land, [and] the brutal war for what little sustenance remained” (pg. 18, HG) It’s as if the future was written for us on the big screen and in the books we read, and we are now working really hard to make this future real. Those books, those films, were cautionary tales, and weren’t meant to be taken as a road map.

    I am worried for my mother, and I am worried for myself. However, there are more years behind us than in front of us. I feel sorry for the children and the grandchildren and those yet to be born. The children of President Obama may not suffer, but can we say the same for their grandchildren and their great-grandchildren? They will grow up in a world that will be devoid of so much. Like Jack Sparrow said in the third Pirates of the Caribbean movie, “World’s still the same. There’s just less in it.”

  • Robin

    Bernanke is public enemy number 1

  • Mondobeyondo

    Wish I had money in the stock market right now. It’s about to be jacked up big time, with this new injection of heroin, umm, money. Alas, I am broke.

    For those who DO have money in stocks – just be sure to get out before the withdrawal symptoms hit. And yes, those are coming. Don’t know when, don’t know how, but they’re coming. What goes up must come down. I don’t want to be a modern day George Babson in 1929 (I think that’s his name..?) – but a crash is coming, and it will be horrific.

  • Absolutely spot-on analysis. QE3 is the tipping point for American hegemony, and the death spiral of the dollar as the reserve currency. Give it six months, and the rest of the world will start moving violently against the dollar. The most terrifying and most likely outcome of this systemic debasement of our currency will be a massive war, with China and Russia on the other side. Even though I have large positions in precious metals, which have no choice but to explode despite central banks’ “intervention,” I fear for the world now more than ever before. The consequences of this are really too large to even wrap your head around.

  • B

    Marxist ideology redistributing independence to reliance on the state. Prolonged crisis is used to change the paradigm of the citizens. It’s a hegelian-dialectic game.

  • WarriorClass III

    This is just another Bankster Bailout at tax payer (and dollar holder’s) expense. The banks were stuck with a bunch of worthless MBS that they couldn’t sell, or could only sell for pennies on the dollar, so the Fed buys them and gives the banks a profit on their losing bets.

    This is THEFT folks. There is no intent to “stimulate” the economy, only bailout the Banksters by stealing from you in the form of taxes and inflation.

    Not even the alternative media has correctly analyzed this and reported it for what it is, THEFT.

    Lock & load, people.

  • RecallNextPrez

    You can get into stocks, but realize the crash is coming after the elections. How long after is the only question.

    Before announcing QE3 Ben warned of stoking the flames of inflation with more money printing, which just goes to show the destruction of the US is deliberate.

  • MK

    Goodluck to those who believe in obama’s dream. I believe in the American dream and made it(came from a third world country with only $75 in my pocket and my education in the late 80’s,worked hard,played by the rules,no hand-out).If you do not have another “home” country to escape to, You will pay the price of the myth that America is “crisis” proof. “Empires” do fail & fall!!!! Wake up America before it is too late…The illegal and the legal immigrants will do well
    and will survive in the U.S. How about those who are born and raised here? How will you fare?

  • Sonnenkind

    What does QE stand for?

    • Gary2

      queen elizabeth

    • Mondobeyondo

      Quantitative easing.

      It is essentially the government printing enouh money to rescue the government, banks, etc. from financial distress.

      It helps the government, it helps big business, it helps small businesses.
      Great news if you are a business owner.
      But if you are an average worker, it does not help you, and it does not help me.
      Big businesses have enough money. They don’t need more money.
      Little businesses struggle, for the first few years, and could use more money.
      You, me, and so many others (the little people) – we have no money.

      They don’t realize it, but that’s the worst situation. If the little people have no money to spend, the little businesses lose customers. That affects the bigger businesses, which rely in part on the little businesses. It’s not because of bad business, but because the customers that once visited your little business – they simply can’t afford to visit your shop/restaurant/jewelry store anymore.

      They have more important issues at hand, like for example, eating. It’s always nice to have a full stomach, don’t you agree?

    • RealityBetraysUs

      What does QE stand for? Economist term for Quantitative Easing ( Economic BJ for the rich and the shaft for everyone else), or it could be;
      Questionable Execution (throwing money at the thieves that already have stolen billions),
      Quality Extermination(No more common sense in money management nor government decisions)
      Quintessential Extrapolation (we are stealing your money by legal manipulation like a reverse Robin Hood)
      Quantitative Expulsion (destroying the middleclasses ability to financially survive by generating illegal income streams , and giving it to the theives that need it the least)

  • Dave Webb

    Perhaps this is why the government is stocking guns and giving it to bureaucrats in the IRS and other agencies.
    The people in government are not exactly stupid. They know. Painting people into a corner where there is no escape. They know that the result will be a disaster.
    Just like the Judge that upheld ObamaCare. He went into hiding. He knew he had sold out and he knew people would be looking for him.
    That answer about it being a tax? No lawyer in his right mind would use that as a defense unless it was just saying something to be saying something in an attempt to justify the unjustifiable.
    Or how about building empty prisons out west to put people? Maybe there is something a little bit rotten right here in the good old US of A. Maybe bought off politicians and judges are beginning to realise just how rotten things might get. Like they have been sold down the river with the rest of us . . . Or the security forces . . . You really think they will stop at double crossing one group over another?
    In another time, in another place, a catholic bishop once told me about a destitute people and what to expect of the people in those times. He said: “To these poor people, what ever is convenient will be morale to them.” He was talking about the people that went through a currency devaluation of immense proportions. This was South Korea in around 1962, My date might be wrong by a year or two. What happened to the Korean currency was they devalued everything. The Won(spelling might be juan) was devalued from $10 to a $1 in their equivalent Korean Won. That meant $100 was worth $10. $10 was worth $1. $1 was worth 10 cents. 10 cents became worth a one cent. Anything below that was worthless.
    We are doing the same thing. Only it is actual dollars and cents not Korean Won.
    The Korean People I worked with as their Air Force Supervisor in Commercial Transportation were at least 3 to 4 years after this devaluation occurred. It toppled the government of a man named Sigman Rhe Park. In Korean grammar that is Park Sigman Rhe. The family name coming before the first and second name.
    A large group of people serviced the bases in Korea.,, both on and off base. The older gentlemen that I worked with were very educated people. My clerk was fluent in 5 languages and had degrees. I think at least one of them was a Doctorite. Another man who took care of handiwork and baggage, owned warehouses in the local town.
    I went to school on base and learned a little bit of the language. I associated with the Korean Army and made friends. I learned to play Chunggee(spelling again is my own) with the local Army people. Chunggee is the local version of oriental chess. They even took me to see Korean Movies which all seemed to have a tragic base. Very intense themes on those movies. That was an indicator of what they expected out of life. Tragic events. I was no angel back then or now. I was a normal human being with normal needs. But I also took the time and trouble to learn who I was dealing with in a foreign land. I also taught conversational American English in a Catholic Girls High School. I insisted on a Catholic Priest and one of his Nuns be present whenever I taught. I wanted my students to be well chaperoned. I wanted their reputations intact and sought to keep things honorable at all times. (I am incidentally not Catholic. I am a Protestant by faith. But I did what I felt was right at the time.) I even had a smattering of the Korean Alphabet. I can read and write a little to this day many years later.
    I mention this because that is where we are heading. I mean our economy.
    One of these days, I expect that 10-1 ratio to be forced on us. At that time, whatever currency is dominate will go for many times its actual value. No one internationally will want to exchange our currency.
    That means that we will have to be self-sufficient. Everything we buy or sell will have to come from our local markets not from China or anywhere else overseas. Our credit overseas will be worthless. So no foreign imports. At that point, we had better become self-sufficient with local goods.
    The most important words in any language are “please, thank-you, you are welcome.”
    I was disgusted back then with my fellow Americans. They made very little effort to understand the people they were dealing with. The people understandably held most of them in contempt. Didn’t stop them from taking our money though.
    But even today, we have “good” relations with our South Korean neighbors. The economy has grown. The people have grown with it.
    If you speak their language, most people world wide will give you a little respect. It is important to understand their cultures and also how they think amongst themselves. What do they believe in? What are they willing to give their lives for?
    I sometimes wonder about our diplomatic services. Do they speak the local languages? Do they understand how the people they are dealing with think? What are their values.
    This all applies to our local currency. We have since WWII developed a universal currency. Everyone wanted American Dollars simply because it was backed by gold. That stopped in 1971. Should have been a message to all Americans there. I say Americans because everyone in North America is tied to the same dollar. Whether it be Canadian Dollars or Mexican Pesos. Everyone is in the same boat and it is sinking fast.
    Where will these local Congressmen be? I suggest they will be enjoying lunch with that Supreme Court Judge that made that bad decision. Probably with a regiment of Marines guarding over them.

  • i’vegivenup


    Thanks for another great article. QE3 has aimed us in the direction of uncharted waters full of “sharks”. The sharks being inflation (maybe hyperinflation)…a devalued dollar…increased debt (both public and private)…HIGHER unemployment…frozen wages…even richer banks…lower credit ratings, etc. IMO…we are screwed…

  • flek

    Get rid of the income tax for starters…that’ll kick start the economy
    Kick start the economy further by allowing the free market to actually be free.
    Dissolve the Federal Reserve’s illegal charter. Print money that has no debt attached to it.
    The way the system is designed there’s always more debt than actual money to pay said debt.
    This is stupid. This only enriches the bankers.
    End black-hole leveraging. We’ve pretty much leveraged the entire net worth of the planet several times over. It’s going to collapse.
    Create a currency and/or competing curriencies backed by something.

  • eric

    Ben, saving toxic junk paper at the expense of sound money.
    A brilliant new high in Irrational Exuberance!

  • What is so frightening, and so sad about this QE process, is that it is just another weapon in the arsenal of the extreme, Marxist radical-Communist left, which has thoroughly infiltrated and subverted our educational system, our media, the entertainment industry, our judicial system and our government. They now have full control of the “Democratic” Party, and have significant influence in the sellout Republican Party leadership, which has been for decades under the control of the liberal, Rockefeller wing of the party. Both parties are using and/or are in concert with the elitist, globalist, Bilderberger New World Order/World Government movement, and BOTH parties are selling America out – BIG TIME! This deficit-driven destruction of America was forecast 50 years ago by Robert Welch, founder of the John Birch Society, John Stormer (author – Non Dare Call It Treason), and others. And the saddest part of all, is that not one person in a thousand has a CLUE about what is really going on, and by the time they wake up (if they ever do)- it will be too late, America is finished – destroyed by greed, apathy, ignorance, immorality, and TREASON!

    I have spent 50 years of my life trying to wake people up, only to be totally frustrated by the apathy and ignorance of the facts that I have had to contend with all my adult life. Well, it gives me no satisfaction, to say “I told you so”!

    May God help us – He is our only hope!

    2 Chronicals 7:14

    If my people, who are called by my name, will humble themselves, and pray and seek my face and turn from their wicked ways, then I will hear from heaven and will forgive their sin and heal their land.

    This is God’s promise. Pray that He has not already turned his face from us.

    • Absolutely right on…have repeated these things for years with the same results as you…our pulpits were silenced with the tax-exempt status deal…without the pulpits stirring up the people, the revolution would never have been won…as the church goes, so goes the nation…we need true spiritual revival as in 2 Chronicles 7:14, but man would rather perish than submit himself to God…and perish he will.

  • William

    Study the Weimer Republic in the early 1920s, Argentina about 11-12 years ago, and Zimbabwe more recently. All had stunning collapses of their currencies caused by money created from nothing, and backed by nothing. If you are not stockpiling food and other necessities, gold and silver, firearms and ammunition, you will not last long past 2014, which is when the real crash will come.

  • Martin

    OK, someone explain to me how the feds actually are adding liquidity to the market?

    If I own $100K of MBS (mortgaged backed securities), or any other asset, and the feds buy it from me for $105K, they have added only an extra $5K of liquidity but spent $105K to do so. Don’t forget, in today’s computer assisted markets, I can use MBS just like cash. So bonds and MBS (non toxic ones) are liquid. It’s not the small amount of added liquidity that bothers me, it’s the possibility of low interest rates locking up the markets that does. The reason QE1, QE2, and QE3 have/had such a challenging time is that, overall, they did not add that much real liquidity into the markets. Sure they added lots of greenbacks (or the electronic version of it) but they took other forms of liquidity away to do so.


    By Wayne Allyn Root
    Published August 23, 2012

    Everywhere from FoxNews.com to CNBC.com, I suddenly see commentators warning of pending doom, economic collapse, and a new Great Depression. Welcome to my club. Perhaps America’s politicians and economists should have paid attention to an entrepreneur and small businessman that has been warning of economic collapse and a new Great Depression publicly for over two years.
    More importantly, none of the current commentaries mention the “why’s” of this slow motion economic collapse…beyond the obvious — mountains of deficit and debt. None of them mention the dysfunctional structure of the current U.S. economy and the massive changes in the work ethic and mindset of the average American.
    I am a successful small businessman and a patriot who loves America and always sees its greatness. I am also an optimistic, positive thinker who always sees the glass half full.
    But not this time.
    This time we are in such deep trouble, the only solution is a radical restructuring of the politicians, the economy, and the way we view personal responsibility versus government handouts. If those changes don’t come then we are facing a long decline and the eventual end of America.
    The economy is crumbling. The situation is turning more hopeless by the hour. The more government gets involved, the worse it gets. Coincidence?

    This time the results are going to be dramatically worse than 1929. This time we are facing The Greatest Depression ever.
    Why? Because The Great Depression had NONE of the structural, economic, and social problems, nor the massive obligations we are now facing. Read the facts:
    In 1929 America was not $16 trillion in debt, plus facing over $100 trillion in unfunded liabilities. That’s over $360,000 in debt per citizen.
    In 1929, most of our states were not bankrupt, insolvent and dependent on federal government handouts to survive. One county (Cook County which includes Chicago, Illinois) now owes over $108 billion in debt (the biggest part of it in unfunded government employee pensions).
    In 1929, we did not have 21 million government employees with bloated salaries, obscene pensions, and free health care for life. Today 1 out of 5 federal employees earn over $100,000.
    Today, 77,000 federal employees earn more than the governors of their states.
    Staggering numbers of federal government employees retire at a young age with $100,000 pensions for life.
    Unfortunately on the state and local levels it’s even worse. There is now nearly $4 trillion in unfunded pension liabilities for state government employees.
    Protected by their unions and the politicians they elect, government employees are bankrupting America. In Illinois there are retired government employees making over $425,000 per year.
    No one could have imagined any of this in 1929. There is no possible way to pay these bills moving forward.
    In 1929, Social Security, Medicare, and Medicaid didn’t exist. The federal government had no such obligations threatening to consume the entire federal budget within a few years.
    In 1929, there was no such thing as welfare, food stamps, aid to dependent children, or English as a second language programs. American’s didn’t consider it the responsibility of government to pay for breakfast and lunch for school students — let alone for illegal immigrants at school.
    Who could have imagined back in 1929 that one seventh of America’s population would be on food stamps…and the federal government would ADVERTISE to encourage even more Americans to sign up for food stamps and welfare.
    Who could imagine back then that the federal government would team up with the President of Mexico to encourage Mexicans living illegally in America to sign up for food stamps?
    Who could have imagined back then that the president would offer not just welfare, but waivers to allow any state to opt out of requiring work to receive welfare?
    Back in 1929, who could have imagined 86 pregnant teenage girls all in one Memphis high school?
    In 1929 we had families, moral codes, and churches to prevent this kind of tragedy. Do you actually believe this is just one abnormal high school? There must be record numbers of pregnant teens all over America. They have figured out that the choice is to either work a drab, depressing job paying minimum wage, or pump out babies and have government pay your bills for decades to come. But where will the money come from? This will overwhelm the system with generations of massive debt. This is a nightmare.
    In 1929, legal immigrants wanted only to work. My grandparents, who came to this country from Russia and Germany, received no government benefits. They worked day and night to provide for their family and become American citizens. It was sink or swim. My grandmother Anna Root never took a penny in welfare, even when my grandfather died and left her with no job, no money, and 7 young children. So back in 1929 immigrants cost us very little.
    Today we have millions of illegal immigrants and their children collecting billions of dollars in entitlements from U.S. taxpayers.
    In one state (California) illegal aliens cost taxpayers over $10.5 billion annually just for education, health care and incarceration. Do you now understand why California is bankrupt and insolvent? This is spreading across the country.
    More dysfunction? Today new studies show that almost 20% of American children under age 18 are obese and therefore prone to suffer pre-diabetes, diabetes, or cardiovascular disease.
    Even worse, by 2020 experts predict that 52% of the adult population of America will have either pre-diabetes or diabetes.
    Do you understand the cost of diabetes? This alone will overwhelm and bankrupt America’s health care system.
    In 1929 we had no federal disability program. Today almost 11 million Americans are on disability. There are more citizens on the disabled rolls than the population of 39 of our 50 states. This is far worse than the welfare or unemployment rolls- which have time limits. Disability is forever. The ratio of able-bodied workers to disabled in 1967 was 41 to 1. As of June 2012 it is now 16 to 1. It is impossible to pay this bill long term.
    But wait…it gets worse. Now soldiers are in on the act. Are you aware 45% of returning vets are claiming “disability” — a number that dwarfs all prior records in the history of warfare. No nation can afford this.
    In 1929, we had an education system that was the envy of the world. Today our public schools are in shambles. We spend the most money in the world, and get among the worst results. The difference today? Teachers unions are in charge, instead of parents. Our students graduate with few skills, are qualified only for low paying manufacturing jobs that no longer exist — they’ve been shipped to China and India. What will this workforce do for the rest of their lives? Live off the government dole? Who will pay for it?
    In 1929 taxes were much lower. Forget the tax rates — they were meaningless. In those days we had a cash economy, so most businesses paid little or no taxes. Sales and FICA taxes didn’t exist. Today the combined local, state, property, gas, sales, FICA and federal taxes are the highest burden in history.
    When income taxes started in 1913, the average American was untouched. Only the richest 350,000 Americans paid a 2% income tax. Today the average American works until April 12th just to pay his or her taxes.
    This stifles entrepreneurship and hinders the financial risk-taking necessary to create jobs and get out of a Great Depression.
    New numbers just out for July back up my contention that disaster looms. Sales tax revenues plunged an alarming $539 million below expectations in California last month. The jobless rate rose in July in 9 out of 10 battleground states — Iowa, Florida, Michigan, Nevada, New Hampshire, Pennsylvania, Virginia, Colorado and North Carolina all had higher unemployment (while Ohio held steady). They say bad news comes in threes. Well here’s the worst news of all- the American Petroleum Institute reports that demand for oil in July was at the lowest level since 1995. These figures are alarming — to say the least.
    Do you get the picture? Our country is staring at the Greatest Depression ever. We face a long slow decline towards the end of America — unless we change paths and policy quickly.
    The economy is crumbling. The situation is turning more hopeless by the hour. The more government gets involved, the worse it gets. Coincidence?
    The solution is actually simple: dramatically cut the size, scope and power of government; cut spending; cut entitlements; cut taxes; cut government rules and regulations that smother, damage and destroy businesses, prevent startups, and kill jobs; reform Social Security, Medicare and Medicaid; reform public employee pensions; stop the wars (we can no longer afford to police the world); end or reform the Fed; end bailouts and stimulus (ask Japan about the failures of repeated stimulus); end the Democratic obsession with green energy and high speed rail (ask Spain about the waste in those two programs); encourage oil and energy exploration; encourage job creation by small business and the private sector; term limit politicians; institute school choice; and back the dollar with a gold standard.
    Or, like so many other great empires of history, America may never recover from this Greatest Depression of All TIME !!I DONT SEE THE GOVERNMENT DOING ALL THOSE CUTS ANY TIME SOON!!

  • John Jackson

    This is the final nail in the coffin. It is not a matter of IF but a matter of WHEN the dollar will collapse. Learn how to survive and thrive during these historic times: http://theelevationgroup.net/presentation/register.php?a_aid=a6affed9&a_bid=e6b01db8

  • A.S.

    To Quote:

    #9 Federal Reserve Chairman Ben Bernanke

    “I want to be clear — While I think we can make a meaningful and significant contribution to reducing this problem, we can’t solve it. We don’t have tools that are strong enough to solve the unemployment problem”

    There is a solution: End the Federal Reserve with just one Act or Amendment! Then make it illegal for U.S. companies to operate offshore and/or to outsource. Unemployment problem solved overnight!

    • Graham


      Spot on!

      The US should also close in excess of 800 foreign military bases in order to save revenue. That revenue is mainly funded through the IRS, which is an illegal tax controlled by a “foreign” agency (IMF).

      Can you change your handle? Your initials carry other connotations. Also, are you Abrahamic bloodline, or Khazarian?

  • What is so frightening, and so sad about this QE process, is that it is just another weapon in the arsenal of the extreme, Marxist radical-Communist left, which has thoroughly infiltrated and subverted our educational system, our media, the entertainment industry, our judicial system and our government. They now have full control of the “Democratic” Party, and have significant influence in the sellout Republican Party leadership, which has been for decades under the control of the liberal, Rockefeller wing of the party. Both parties are using and/or are in concert with the elitist, globalist, Bilderberger New World Order/World Government movement, and BOTH parties are selling America out – BIG TIME! This deficit-driven destruction of America was forecast 50 years ago by Robert Welch, founder of the John Birch Society, John Stormer (author – None Dare Call It Treason), etc. And the saddest part of all, is that not one person in a hundred has a CLUE about what is really going on, and by the time they wake up (if they ever do)- it will be too late, America is finished – destroyed by greed, apathy, ignorance, immorality, and TREASON!

    I have spent 50 years of my life trying to wake people up, only to be totally frustrated by the apathy and ignorance of the facts that I have had to contend with all my adult life. Well, it gives me no satisfaction, to say “I told you so”!

    May God help us – He is our only hope!

    2 Chronicals 7:14
    If my people who are called by my name, will humble themselves, and pray and seek my face and turn from their wicked ways, then I will hear from heaven and will forgive their sin and heal their land.

    This is God’s promise. Pray that He has not already turned his face from us.

  • Virginia

    Money means nothing anymore. It certainly does not solve any of the problems we are having with lack of jobs, healthcare and education, energy and food prices, rising crime such as the war on drugs. The feds should pump some dollars into working middle class poor pockets so people can pay their bills and survive. That is what real stimulus is all about. Instead it ends up in banks and they sit on it as they are not going to risk loaning it in this stagnant economy. Ya gotta ask yourself does anyone at the helm no what is going on these days?

  • The first thing to die should be the penny. Why do we still make pennies? Canada stopped making them a few months ago.

    It will soon cost 3 cents to make 1 cent. Some people will realize–although I caution that it is against the law–that the zinc and copper in pennies can be melted down and will be worth far more than a penny.

    Maybe some Republicans will feel a tinge of regret when the Lincoln penny is no more.

  • michelle

    Stock up on toilet paper, it will retain it’s value (even when used) better than the green paper in your wallet, and the green paper is unkind to tender areas such as toilet paper is used on

  • Michael

    Reminder: The Feast of Trumpets starts at sundown on Sunday.

    All of God’s festivals were designed to be dress rehearsals that were prophetic of future events.

    In the case of the Feast of Trumpets, it has been foreshadowing one of the most dramatic moments in human history for over 3000 years….

    Matthew 24:29-31

    29 Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken:

    30 And then shall appear the sign of the Son of man in heaven: and then shall all the tribes of the earth mourn, and they shall see the Son of man coming in the clouds of heaven with power and great glory.

    31 And he shall send his angels with a great sound of a trumpet, and they shall gather together his elect from the four winds, from one end of heaven to the other.

    1 Corinthians 15:51-53

    51 Behold, I shew you a mystery; We shall not all sleep, but we shall all be changed,

    52 In a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed.

    53 For this corruptible must put on incorruption, and this mortal must put on immortality.

    1 Thessalonians 4:16-17

    16 For the Lord himself shall descend from heaven with a shout, with the voice of the archangel, and with the trump of God: and the dead in Christ shall rise first:

    17 Then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord.

    Jesus is Lord!


    • Gary2

      no magic vacuum cleaner is gonna suck you up in a rapture. Sorry.

      • Mondobeyondo

        Sure there is! A Hoover(tm) vacuum sucks up everything!!

        (Sorry, couldn’t resist that one. Hee!)

        • Mondobeyondo

          Herbert Hoover, President of the United States of America, 1929-1933.
          No. The vacuum cleaner was NOT named after him.

          • Mondobeyondo

            The man who turned this country into a donkey pit in the 1930’s – I mean a… hole.

            Okay, I’m done with the humor. For now…..

      • RealityBetraysUs

        Sorry Gary2 you won’t by your own admission, be joining the rest of the believers in Heaven at the time of the rapture… it’s your choice and I can’t take it from you or change it, only God gave you free will and only he can take it away…

        • Gary2

          Let me repeat as you did not get it the first time. There is no rapture period. My pastor even said that it is false prophery and has no biblical basis. And I might add it has no basis in reality.

          There is no magic vacuum cleaner that Jesus is gonna use to vacuum you up with.

          The Blondie song on the other hand is quite good as is the mash up version with riders on the storm. Google Rapture Riders.

          • Malcolm Reynolds

            How do we know you’re lying thru your teeth? You said ‘My Pastor’.

            Anyone that mocks God, the Bible and religion in general (like you Gary), does not go to church.

      • Randome-11

        Good one!

      • Vivisector-Unit 371

        I have a new slogan for you, Seize their wealth and assets, then deport them to Zimbabwe!

    • Col. Wilson

      Interesting that you bring up the festivals Michael. We have been reading about & observing them. What we see in scripture are the calls for obedience which result in blessing and the curses for disobedience.

      The U.S. is experiencing the curses for disobeying His ways be it govt, morals, ethics, business, debt, welfare, debt, etc.

      What is disturbing is that 2/3rds will fall away from God because their beliefs, faith & hope are not based on Him & His word, but rather the words of false teachers.

      I pray the U.S. repents but scripture shows things will get worse before it gets better.

      Shalom my friend & keep up the good work.

    • WarriorClass III

      The calendar has been calculated in many different ways to determine the Feast days, some more accurate than others. The standard Jewish calendar which you have used is an approximation that is used for convenience rather than accuracy, see this link for an explanation:


      The more accurate rendering is from sundown Saturday, 9/15/12 to sundown Sunday 9/16/12.

      So today, 9/16/12, is the Feast of Trumpets:


      So praise Yeshua Yehovah and blow your shofar!

    • Tim

      Thank you, Michael. That is our blessed hope. Oh, I hope it’s soon!

    • Brad

      Hi, Michael. I appreciate your comments on God’s Holy Days. I have been reading several of your web sites for quite a while now and also appreciate all of your hard work to keep us informed.


      • Michael

        Thank you Brad. I am glad you are enjoying the sites. :)


  • Donald Wilson

    Michael QE3 will mark the end of the dollar and the United States. Good luck.

  • Graham


    I heard that Dyson (UK) is working on a solution. It will apparently be called the “Windbag Blower”. Note, that ain’t a “sucker” :)

    If you look elsewhere, the “Rapture” sounds like a variant of “Ascension”. As far as “consciousness” is concerned, the latter would make more sense, but not necessarily in the manner being heavily promoted!

    Lookup “Christ Consciousness”, which is a term backed by scientific and biological proof. It is a Western term (obviously) that mirrors ancient scripture (etc) and knowledge from the East. Our “wise” friends! Forget the flag burning. That’s just a hobby. Islam follows Sufism, which contains similar knowledge.

    No need to debate semantics. You will still be able to post from “iCloud”. Just avoid boarding a TR-3B if invited to do so. Aside from a few exceptions, the “others” do not belong to “us”. Research the following. Two other vids get into the heavy detail that is on record, or discussed on camera by top military and agency personnel (retired), including the Apollo astronauts and NASA. Begin with this “tame” version.

    Out of the Blue:- (Full Length)

  • Har

    I have read many of your articles and its obvious you have a financial background but
    please use self control on religion/bible
    quoting cause it makes you look nutty.

    • Debbie P

      Michael-keep the Bible quotes coming you are one wise man!

    • Gay Veteran

      too many people can do nothing but quote bible verses

      you have a brain, use it

      • Mondobeyondo

        John 3:16, Proverbs 3:5-6, Psalm 23, Haggai 2:8…. the list goes on

    • Mondobeyondo

      The real nuts are the people who ignore or dismiss the Bible.

  • Gold & Silver might be the answer!


    “a wheelbarrow of cash:

    First you’ll need to find an affordable wheelbarrow to haul around all that cash. By that time they’ll be in the $220 trillion price range.

  • William

    The “benefits” of QE3 will flow mostly to the wealthy while the average American sees their standard of living continuing to drop. And, the rate of inflation will go UP significantly. All neatly planned for over 200 years. You do not think that Wilson was blackmailed into signing the legislation creating the FED for no reason, did you???

  • Joe

    Micheal, KEEP quoting scripture where and when it is needed to make / prove a point. Har doesn’t know what he is talking about. GOD is real people (whether you believe or not) and ALL stated in the Bible WILL occur in the not too distant future.

    God is not only the answer, its the only answer, not the Gov, Fed Cheif, OB, etc… Trush in GOD, not man. God won’t let you down, man will.

  • Kevin Beck

    The chances of this working out to benefit Main Street are between slim and none. And slim has already left town.

    If the media megamouths had any honesty in reporting this, the titles of all their stories would be, “Benny Bernanke aims his bazooka at America, and Your Money will be the Shrapnel.”

    The Federal Reserve has reached its 100th birthday. And its record is still unblemished with success.

  • Willy2

    The banks are sitting on $ 1.6 trillion of (excess) reserves. But that dwarfs the some $ 40 trillion in US debt. So, excess reserves are not enough to save the banks.

  • While I agree that the Feast of Trumpets is crucial in understanding the Creators plan of salvation, I would observe that the KEY scripture apparently ALL religious groups are unwilling to apply to themselves is Rev.12.9!
    READ IT, does it leave out Jews (of whatever sect), Sabbatarians of whatever stripe or handle they have given themselves, Sacred Name groups ad infinitum. Well meaning as they all may be, they have not done their homework, Israel rejected the direct rule of the Creator in favour of a “KING” (human rule) and have been deceived and enslaved ever since. It will take another Moses to free the Creator’s people from debt slavery.

    Now to those following any variation of the “Jewish Calendar” for calculating the Feast days of scripture I would challenge you on two things. 1) PROOF that the Jewish calendar is not biblical is found by carefully reading Deut. 14 where you will find that ALL of the tithes of the season (agricultural) which in Israel includes the olive harvest that must take place to produce “oil” can stretch into late Oct. early Nov. so a Feast of Tabernacles can not occur until AFTER the harvest is complete, (WHY it is called a Harvest Festival or Feast of Ingathering as 7th Day Adventists still call it), so a Sept. Feast of Trumpets is impossible if you follow scripture.

    A second scripture that “debunks” the Jewish sunset to sunset Sabbath on a pagan weekly cycle is found in Gen.1:3 which when properly translated as several even Jewish biblical versions now do, and read, “there was setting, there was dawning, one day” or similar wording that has the compete cycle in a correct perspective.

    2) The biblical Sabbath (seventh days in perpetuity from creation) has nothing to do with the pagan Roman calendar and week we follow today. The Jewish calendar is a mixture of “traditions of men” that originated in Babylon and were augmented by Greek and Roman ideas that have no basis in scripture. The most ridiculous being that a “DAY” (Hebrew YOHM which means LIGHT) begins at sunset when light disappears and night begins, its diametric opposite.

    Scripture is clear on this in Lev 8: 35 “remain day (yohm) and night for seven days (yohm) again showing the order of the cycle as biblically used in its dual meaning of DAYLIGHT and the 24 hr. cycle when night is added to complete the cycle. Where do you think the word “DAYBREAK” as also used in scripture,(when the sun breaches the horizon) to begin a new DAYLIGHT came from?

    Simply substituting the word “daylight” when the context demands it will end the confusion between the dual usage of “yohm” for BOTH daylight and a 24 hr. cycle. The Bible does not contradict itself when properly translated and understood without the “traditions of men” getting in the way. An evening to evening day makes no more sense than a midnight to midnight day, because they are BOTH arbitrary and without biblical merit.
    But there is much more when you eliminate the “traditions of men” and simply compare scripture with scripture to determine truth instead of interpreting scriptures according to a creed you learned in some organized religion. Example: The natural progression of Sabbath days is 7,14,21,28 etc. But the Feast of Trumpets is on the 1st day of the seventh month, and being a “High Day” means it too is a Sabbath and low and behold something Sabbatarians have missed for generations, (remember Rev. 12:9) in spite of faithfully keeping the FALSE Feast days of organized religion. If the first day of the seventh month is a Sabbath then it obviously follows that so are the 8th, 15th and 22nd, the 15th being the HIGH HOLY day beginning the Feast of Tabernacles for 7 days, immediately followed by the “Last Great Day” which is the NEXT Sabbath, so is that just “coincidence” or deliberate design by the Creator who instituted the 6000 years of mans rule and plan of salvation culminating in the return of the Messiah to rule on earth (Rev. 5:10) for the 7th millennium?

    In attending what I thought were the “Biblical Feasts” for over 30 years, it finally dawned on me that they fell on the same day of the pagan Roman week in any given year. The first question I asked myself was, if the Creator says HIS SABBATHS are the “seventh day” then why are men claiming to observe them on the 1st to the 6th according to their calendars? The first puzzle that came up was WHY Passover would not be a Sabbath!

    I asked myself WHY if the fall Feasts followed a 7th day sequence, the spring Holy days would not also do so (I.E. 7, 14th, 21st, everything else seemed to fit, including the prophetic Jubilee year (7 X 7) and 7000 years to completion of the Creators plan when the Creator comes to dwell with man on earth, (see Rev.21:3 and Eze.37:27), in fact as I discovered, the FALL Feasts are the mirror image of the spring Feasts.

    After considerable research over many years, the answer came to me, even the Jewish Encyclopedia admits that they changed Passover from the BIBLICAL 14th of the 1st month to the 15th of the first month! The Jews not recognizing the Messiah at His 1st coming never understood the significance of the Passover, (for that matter neither doe’s most of modern Christianity) as fore-shadowing His future death for our sins ON THE 14th, so the Passover became to them merely a memorial of their march out of Egypt on the 15th, which is NOT a Holy Day, (otherwise the Creator would not have had them do that) and also proves that the Israelites were required to observe the 14th as a true HOLY DAY and not leave their houses until the MORNING of the 15th, again debunking a sunset to sunset observance.

    The trap Sabbatarians fell into by adopting the jewish calendar is observing the FIRST Day of Unleavened Bread on the 15th as a HOLY DAY, when scripture says no such thing, the HOLY DAY is PASSOVER beginning the 8 day spring Festival followed by seven days of Unleavened bread of which the seventh is again a SABBATH and designated a HIGH DAY! What do I mean by a “mirror image”? Any period of time covering TWO Sabbaths consists of 8 days, so in the spring the 8 day festival period begins with Passover on the 14th and concludes with the Last Day of Unleavened Bread on the 21st, two natural Sabbaths as designated by the Creator at creation. In the fall, the image is reversed, in that the seven Day Feast of Tabernacles period begins with a SABBATH on the first day and the 8 day period concludes with another Sabbath on the 22nd called “The Last Great Day” so the spring and fall Feasts have an opening Holy Day and a CLOSING Holy Day, both of which have symbolic and prophetic significance.

    In case some may think I have been hard on the Jews, they do have one thing right, “YEARS” are not “one orbit of the earth around the sun” as we assume in our modern age. This is evident in that the agricultural cycle if observed, varies from one year to the next, and the biblical calendar is based on the planting and harvesting season in Israel and as a lifetime organic gardener I KNOW that while “seedtime and harvest will never cease” they do vary by several weeks, it is just that the Jews adopted a “mathematical formula” (which is no more accurate than the Julian or Gregorian calendar) instead of looking to scripture and an orderly Universe for their guidance.

    Obviously then for the seventh day formula of the “Biblical Feasts” to play out on a yearly basis and fit with a millennial template, each YEAR must begin with “day one” of the Creator’s week and END with a Sabbath, and somehow that “formula” must be written in the heavens otherwise man would have no way of verifying WHEN the Sabbath or the Feast days of the Creator should really be celebrated leading to understanding of where we are in TIME and prophetic events.

  • Covington

    Great Read, However, Gary 2 moronic remarks kill any good from the debate. No matter which party wins the US Titanic will continue to sink. The dollar debasement will just exacerbate the problem until we are left in far worse shape than zimbabwe. The issue I take with Gary 2’s comments is that he someho thinks a fundamental difference exists between the GOP and the DNC when both are responsible for the mess this country is in. Gary 2 should be focusing on what can be done to curtail the problem hence finding solutions instead of looking for bandaid cures.

  • clyde carter

    I cannot believe our leaders have not seen what is happing, no nation or people can whip us in
    a war but destroy our money and the black swan
    has done it. Bye bye mr. $$$$$$$$$$$.

  • FK

    There is no stopping it, politicians have been bought by the Fed and Bankers. The level of corruptions are unbelievable. Smart wealthy people are leaving and giving up their citizenship. I wish I could too. The only real purpose of QE1, QE2, and QE3 were to give the elite more time to prepare and extract more money from all the of us. The Fed will try to drag this on as long as possible. I say we end it now rather than being drag on and suffer for the next 10+ years. The world population is already putting stress on natural resources. I do think the elite will surely use this opportunity to create World War III just to reduce world population. Obama or Mit won’t make a different.

    1. Screw the banks and wall street. Take majority of your money out, cash out your stocks, and buy physical gold and silver. Dollar will continue to loose value any way so why leave it in the bank to earn 0% and get charge fees.

    2. Start storing some canned food. Do it now while they are still somewhat affordable. MRE (meals ready to eat) are more pricey but it’s another option.

    3. Buy guns and ammo and learn to use it.

  • Mike

    Hey everybody! There’s a larger problem – THIS IS ALL BEING DONE ON PURPOSE! I have known that Q.E. has been bull. The INTERNATIONAL bankers started here, but were not FROM here; thanks to Woodrow Wilson. The bigger issue is control. These elitists, & especially bankers, want us to submit to their production of fear, panic, & become chaotic, riot in the streets, etc. BUT, they are already prepared in advance for this. They WANT people to go nuts so that they can declare MARSHALL LAW in the U.S., & then spread it around the world musing U.N. troops. Yes, they control the U.N. too. It doesn’t really matter who wins the election – whoever wins will be who they want in office. They WILL achieve this through fraud, just like George Bush, jr., who became the worst president in U.S. history. Its about control, just like JFK went against the banking people & was assassinated for it. A similar attempt was made on president Andrew Jackson, but the assassins guns failed. Yes, get rid of the banking system as it is, but KNOW WHO TO GET RID OF! They have caused ALL of the strife in this world, through their inbred, megalomaniacal, prejudicial, mentally ill families! For them, enough is NEVER enough.

  • Mike

    Look in Revelations, where it talks about the “Synagogue of Satan”. Then connect that into the family(ies) who control banking. The whole history of these people is based on them being rejected from at least 47 countries (some more than once), for their lying, deceit & NOT treating others right – THEY started “Usury” (interest) as well. But they couldn’t handle that & vowed to get back at the world. THEY have caused all of the different prejudices out there, because THEY are prejudiced against ANYONE who isn’t like them, a false jew. They’ve even PROGRAMMED their own kind to believe they are the “chosen ones”. Problem is that its ALL been based on lies. Thus the reason for their self-protection agency: “The Anti-Defamation League”. They invented that so that people felt if these jews were doing something wrong, people felt they couldn’t even say anything about it, or worse, be brought to court if they did say something – THEIR CONTROLLED “KANGAROO COURT”. However, more & more people aren’t buying the crap that they’re trying to sell anymore.
    They believe in “Cause & Effect” – we’ll CAUSE the problem; guide it the way we want it to; get OUR desired EFFECT, & rush in with OUR solution, which promotes OUR new world order of control more & more!
    Fortunately, in the end, THEY HAVE CREATED THEIR OWN DEMISE. Its only a matter of time now, where their “House of Cards” will collapse on them & they WILL become a memory!!!

  • Jay Curtis

    The Fed could easily manage this problem with one little change to its lending policy. Instead of keeping the interest rates at 0 for money borrowed from the Fed, it should institute a two tier interest rate to banks. The first tier would be their 0 interest rate and it would apply to the funds from the Fed equal in dollar amount to the funds actually used to make loans to business. The second tier would be tied to the yield (true interest rate) of a mix of long term and short term government bonds and would be half a point higher than the yield for the past quarter. QE 1, 2, and now 3 give money to the banks, and instead of lending it out to business so they can expand, the banks simply employ arbitrage, buying government back bonds, etc., with no risk yields of 1 to 2 percent. Who wouldn’t do this, ie. borrow at 0% and lend out risk free at 2%. Hell, I’ll borrow all the money I can get to do this and get rich (like the banks) doing it. Most people would say this analysis is too simple. It can’t be true. But is is exactly what is happening with all this new money being printed. The Feds job is to avoid inflation and promote employment but all they are doing is causing inflation and financing the every growing national debt.

    Economics may be a complex science but this solution is staring the Fed in the face and all the PHD economist and bankers (I have a degree in Economics and was president of Omicron Delta Epsilon, the national honor society in economics) seem to prefer to get rich on this arbitrage rather than analyze risk and make business loans (the real purpose of a bank).

    Jay Curtis (author of THE CODE)

    • kkflash

      Your analysis of current policy, though simplistic, is essentially correct. You ignore though, the significance of the difference between QE3 and the first 2 QE’s. The Fed is now buying MORTGAGE-BACKED securities, rather than Treasury securities. In other words, they are taking a lien against our homes, and paying for it with fiat money. They have begun to steal real property rather than simply moving more and more money into the banks they control. The scheme is nearly perfect and nearly complete. For years now, they have been encouraging people (through over building and ever-lower interest rates) to buy real estate. When the mortgage crisis of 2007-08 hit, the bankers were not yet ready to spring their trap, so the government (bought and paid for by the banks) stepped in with “stimulus” and “bailouts” to protect the banks from being left holding the bag. But now, with enough of the national debt in either foreign hands, or the Fed’s, they are ready to step-up the conversion of their worthless paper into real property. Exchanging the worthless fiat paper of a collapsing US government for the asset-backed and low-priced paper backed by our homes makes perfect sense for them. If you think the foreclosure rate was high since 2008, you haven’t seen anything yet. People without jobs or money will continue to default at record rates. When the dollar loses its reserve currency status, dollars and treasuries won’t be worth diddly, but mortgage-backed paper will allow them to foreclose and ultimately own our homes and land. As the rate of default rises, so will long -term interest rates, making mortgages harder to get, and reducing early repayments due to refinancing. First, they enabled us to buy homes with money they created from nothing, and loaned to us. We paid for those homes, with interest, by our labors. Then they make most of us dependent on government by borrowing against our future labor, and promising us present and future government benefits. When the government is sufficiently in debt, and interest rates begin to rise, then it must collapse, The government defaults on treasuries, leaving foreign governments holding the bag. The US economy collapses. Millions lose their jobs and more mortgages default. The Fed, having converted much of its holdings to Mortgage-backed Securities, accelerate foreclosures. With few jobs and now higher interest rates, people can’t buy the foreclosed homes, but the Fed can continue to charge people rent to live in the homes they foreclosed upon.

  • Robert

    Michael, have you seen the Pyramid Crisis? Take a look, I think this would make an interesting piece.
    The “actors” seem like they’re pro natural gas in some areas but otherwise the idea behind the movie is thought provoking.


  • WSG Chen

    Let’s say in a simple world, we have 3 persons, a banker, a businessman and a worker. Then we apply the current monetary system in this economy. So for the system to get started, we need a banker to create money for this economy. The banker lends the businessman $120 (money created out of thin air) for 1 day with 10% interest to start a business to make food for everyone. (As you can see the total population is only 3). The businessman hires the worker to make food from whatever source for $40 wages. (Let’s assumed the production can supply more then 3 persons) Then the businessman sells the food in the market for $40 per meal. Obviously everyone needs to eat so the banker and worker will buy 1 meal each. The businessman himself gets the meal for free of course. In the end of the day, here is the accounting for this economy:

    – The businessman started off with $120, he paid $40 wages and made $80 from selling the food. Therefore his net worth was $160.
    – The worker earns $40 and spends $40 for food. (Balance $0).
    – The banker didn’t have money to buy food, so he “created” the money to buy food for himself. Therefore in total he had created $160 for the economy.
    – The businessman has to pay the banker back the principal $120 + interest $12. So his net worth now is $160 – $132 = $28.
    – The banker made $12 after cancelling offs the debt $120. So he took $12 to offset $40 he spent earlier. Therefore he left with $28 in debt which is exactly the balance of the economy.

    1. With this simplest model of economy, can I say that money creation (or quantitative easing) is nothing wrong at all?
    2. Let’s assume that the banker is also the government, if the economy is well managed, isn’t the government always be in debt for the sake of public interest?
    3. If the above is true, can we say that a government with surplus in accounting would mean poverty in public? (For example, if the banker would have collected income tax say 20% from the worker, he would not have enough to buy food. Of cause instead of becoming poor the worker could also ask for a pay rise in order to make a living. But that would affect the businessman’s income too.)
    4. A super well managed economy will leave no one in excess/lack of money but fulfil the need of living which is goods and services that everyone gets to enjoy. (For instance if the food price was $12/meal and wages was $12, then everyone including banker will have zero bal. Isn’t this a perfect economy?