QU3 -- They Are Stealing Our Money

[moment_of_faith]

The Fed Announces Another Round of Quantitative Easing | TheBlaze.com

The Federal Reserve announced Thursday that it will spend $40 billion a month to buy mortgage-backed securities for long as necessary to stimulate the economy and reduce high unemployment.
“If the outlook for the labor market does not improve substantially, the committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability,” the Fed said in a statement released after the meeting.
You know what this means, right? It means the Fed has just introduced a third round of unlimited, open-ended quantitative easing.
Because the other two worked so well, right?

 

[celestemekent]

Yes in fact it did work they just did not do it enough, and this new round is an attempt to get it right. No one is stealing anything, the money you use is labeled "Federal Reserve Note" it has not been exchangeable for a single amount of gold since Nixon was president (it floats).

If you want to, you can only use Gold for your purchases but I doubt you will get far doing that. The whole idea of a "gold" standard is entirely unworkable and destructive of our economy. Moment of faith you have been brainwashed into believing this republican dogma about the "stealing of our money" and it is something out of a fantasy land you really need to get over it.

Frankly if anyone is stealing money it is the wall street managers who caused Americans to lose 40% of their net worth and who want to remove any regulations to do it all again. They have bought congress with their lobbying efforts and if Romney gets elected they will be able to do it again.

 

[moment_of_faith]

If wall street is a thief then so is our government --

 

[AgapeSpiritEyes]

All are thiefs the world has stolen from the Lord and He is coming to set up His Righteous Government and Kingdom, God is shaking everthing that can be shook to probe and test everyone according to the merits(Agape) of their deeds and to awake all who will allow His spirit to convict so they may be saved from the destruction that they have caused with their greed and sin. Maranatha come Lord Jesus to us in the Latter Rain. I hate this neo Sodom Gomorrah

 

[celestemekent]

Moment of faith writes "If wall street is a thief then so is our government --" it also means that wall street must have bought our government (and it has.) Then do something about wall street and make the government able to stand up to the thieves of wall street. That was one of the laws passed by Obama with Elizabeth Warren and has since been sliced and diced by the republicans to put Wall street back into its thieving position all over again.

It also might do good to find some of the worst of wall st and put them into jail for their thieving ways. The rest of them would suddenly pay attention to the new ways things must be.

 

[moment_of_faith]

Are you saying our congress and president has been bought out by wall street ??? So the men and women that we put in charge to look after us has sold us out. They are more worried about themselves then us?

 

[celestemekent]

Are you surprized??? That is both the democrats and republicans both

 

[moment_of_faith]

Never said it wasn't, but the are both stealing our money ..