QE To Infinity

432
Thu, Sep 13, 2012 - 1:23pm

Long-rumored and oft-discussed, QE to infinity is finally a reality.

Here are the Bernank Fedlines from ZH:

*FED TO KEEP POLICY STIMULATIVE FOR `CONSIDERABLE TIME'
*FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN'T IMPROVE
*FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO END
*FED TO BUY $40B MBS MONTHLY, CONTINUE `OPERATION TWIST'
*FED TO BUY MBS, EXTENDS ZERO-RATE POLICY INTO 2015

Here's the key take-way: This is it. This is open-ended, QE to infinity.

Note the Fedline: FED WILL ADD TO PURCHASES IF WHEN LABOR MARKET DOESN'T IMPROVE

I also saw a headline on CNBS that stated that Operation Twist will end at the end of the year. Of course it will. As noted a few weeks ago, The Fed is nearly out of short-term paper to exchange for long-term paper. The end of Twist will surge new printing from this $40B number to the full $85B number.

Now note this Fedline: FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO END

This is QE to infinity. It has begun and it will not end.

The important thing here is patience. Gold and silver will continue surging higher. There will, undoubtedly, be bouts of profit-taking that will last minutes and sometimes hours. Sometimes maybe even days. But these periods will be brief and ALL DIPS MUST BE BOUGHT.

Maintain and build core positions. Add to your stack at every opportunity. The perennial shorts of paper metal are going to be squeezed with ever-increasing intensity even while the "historic" aspects of this rally have still yet to be realized. Cartel banks will be left with no choice but to systematically cover their positions. They will attempt to do this in an orderly fashion but a rush toward physical ownership will likely disrupt their plans.

Gold and silver will both soon trade at new all-time highs. Again, this will not be a straight line up as there will most certainly be dips and pauses along the way. However, everyone reading this must realize that today is the first day of new paradigm.

We haven't even discussed yet the spiraling situation in the MENA or the strikes in South Africa. Maybe we will later today. For now, though, if I were you, I'd head out to my local coin shop or maybe click the HardAssetsAlliance link on the homepage. If you have to ask yourself "do I have enough physical?", you probably don't. Buy some today. Buy some tomorrow. Buy some more next week. The end of The Great Keynesian Experiment is upon us. Prepare accordingly.

TF

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MsMaryMacBe Prepared
Sep 14, 2012 - 2:12pm

Dollar no longer primary oil currency - China begins to sell oil

"On Friday, Sept. 7, Russia announced, that as of today, we will supply China with all of the crude oil that they need, no matter how much they want... there is no limit. And Russia will not sell or trade this crude oil to China using the American dollar." -

HAS ANYONE SEEN RUSSIA'S ANNOUNCEMENT REFERRED TO ABOVE. I HAVE NOT SEEN ANYTHING ANNOUNCE BY RUSSIA INDICATING THE ABOVE. THANK YOU

El Gordo
Sep 14, 2012 - 1:25pm

New thread, new thread, new thread

Hey, there's a new thread up. Let's all take out tired old trite and rush over there and repost whatever we think is so important that the word must get out to all. Doesn't matter what the topic is, there's a new thread, new thread.......

Bongo Jim
Sep 14, 2012 - 1:12pm

Lead Source

cheaperthandirt.com

Karankawa
Sep 14, 2012 - 12:59pm

@Karankawa: The Daily Bell

You would be doing yourself a service if you spent a bit of time on the Daily Bell web site. They go a little bit over the top at times, in my opinion, but as conspiracy sites go, they are several cuts above the rest. They are some very smart people who have a firm grasp on history and economics.

Monedas
Sep 14, 2012 - 12:53pm

@Monedas: "Enough Liberal

@Monedas: "Enough Liberal Hand Wringing And Pants Wetting"

Apparently you did not read the article. For your president and his intelligence services things are going according to plan.

Karankawa
Sep 14, 2012 - 12:47pm

@ Puck T. Smith and your 12:09

Thanks, I've read through this and will probably spend some time this afternoon doing some research on it.

Wars seem to always be started using the same playbook.

@Monedas & Who gives a "Puck" who made the film ?

I hardly see this as an assault of free speech. There was no effort made in squelching the film, only one to expose it's beginning and true purpose. BIG DIFFERENCE!

Apologies if I failed to see the humor in your post, but if so I doubt I'm the only one.

Sisyphus
Sep 14, 2012 - 12:44pm

Panic!

henateme says (September 14, 2012 - 4:11pm)

Maybe it's those new to the game who are grumbling about last night's and today's gold/silver consolidation. If so, I can understand...to a point. But you gotta get ahold of yourself man!

-------

I'm trying to stay calm, but it's hard. Little help here?

Airplane panic attack
ReachWest
Sep 14, 2012 - 12:20pm

New Thread

New Turd Thread, folks

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Monedas
Sep 14, 2012 - 12:19pm

Who gives a "Puck" who made the film ?

I want to see 50 more just like it or worse .... until our President defends our right to free speech ! Monedas 1929 Comedy Jihad Enough Liberal Hand Wringing And Pants Wetting

ggnewmex
Sep 14, 2012 - 12:14pm

Bart- CNBC

Did anyone listen to his interview???

Sure seems like there were veiled references to the silver market...

of course could be him flapping his gums too!!

However, could not help but notice when he talked of "moving markets without the position"

interesting....

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