Charles Biderman On How The Fed Continues To Rig The Market And Why There Will Be A QE 3...And 4 | zero hedge: "'In December of 2009 received a lot of ridicule for saying that the Fed is rigging the market which as everybody is well aware.' As for the 'sustainable economic recovery' i.e., what happens to Quantitative Easing: 'They probably will end for a while, we think there is going to be a QE3 and 4, or until the market says: 'No Mas - we are not going to believe this game the Fed is playing... The Fed is printing over $100 billion a month to buy other assets and pay bills, and economic growth is picking up at a $200 billion annual rate. This is very inefficient method of boosting the economy, and then how do we repay these trillions that have been created out of thing air in the future.'"
Shortened: http://gg.gg/sanity Contact: bob underscore wtf at comcast dot net
QUOTE OF THE HOLOCENE: "The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation" - V.I. Lenin -- You're welcome to point out to me any decision that Hugo Chavez Barack Obama has yet made that Lenin would quarrel with. [ crickets ]
RUNNER-UP QUOTE OF THE HOLOCENE: "When buying and selling are controlled by legislation, the first things to be bought and sold are legislators." - P. J. O'Rourke
DUAL QUOTES OF THE 20TH CENTURY: "Democracy is the theory that the common people know what they want and deserve to get it good and hard." and "The urge to save humanity is almost always a false-face for the urge to rule it." --H. L. Mencken
LAST YEAR'S QUOTE: Washington, D.C. runs "just like the mob, except it's legal," said Schweizer. "If problems are being solved, if things are going smoothly and things are being fixed, a lot of people are not going to give. The party establishments and the political leaders from both sides are collaborating a lot more than they let on," explained Schweizer."
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