I have been watching the forums and chat and also had several people ask me this, so I thought I would post my opinion. This may ramble a bit as I have a couple of reasons why QE3 may be important.
So we will start by going back to the root of QE or Quantative Easing. The common definition is creating money out of thin air and injecting it into the economy to give it a jump start, similar to someone having a heart attack and when they heart stops they bring over the defibrillators to shock it back to life. They bring a box over that creates energy outside of the current system and inject that energy to the affected spot in hopes of shocking it back to life. In our situation they are using money to create that shock in our economy that is having a cardiac arrest.
Now so far they have given us the juice 2X to no avail, while it has made us jump and tingle for a bit there has been no lasting affect and we go back to a flat line economy. But still the Fed stands by the fact that QE will help our system....
So this now brings us to our scenario, When this RV happens many if not most will quit their jobs, opening positions for many that are currently unemployed. Most will go buy new houses, cars, vacations, so on and so on... money will be put into the system at an unprecedented rate. At least on the short term. When this happens in the few months post RV there will be noticeable differences.
Read More Link on Right
Would be interested to hear others opinions as well on this. I have another theory of why this may be not only wanted but needed to roll out at the same time, but I am not smart enough to put it in writing yet... lolShawn
Tuscanygirl: Shawn I was thinking the same thing, RVing would sure give the US a shot in the arm, just as QE3 would, maybe doing this at the same time would divert eyes from the public away from the RV event, and everyone would think that the QE3 was working.
Grif: If we believe in the RV and a "Global Reset" lets think about what we'd do if we were the PTB. Huuumm we are going to reset the currencies around the world, RV'ing many with a few DV'ing. All debt is to be forgiven. Huuummm, then we need to go out and buy as much as possible, get into as much debt as we can, as its all going to be forgiven and we still own it all. Its the BIG GRAB. When they are positioned where they want to be, we will see our RV/reset Remeber O spent more than all other Presidents did combined, but if its going to be forgiven...................its a jump start to our economy
JMO whats yours?
JenoBambino: Remember Gang, The Dinar our Treasury Department has, will be electronically paid out over 30 years or so.
$16 Trillion, can never be paid off for many life times...
If the Banks keep using Fractional Banking methods, that will just magnify Phony wealth, all over again
If they did QE3, keep in mind that the Federal Reserve is not an Entity of the United States.
It is owned by a Bunch of the Richest Men in the World. Who's names you will never hear.
If they Give the USA more Money, There will be Interest Due on that money... After all it is a Bank and can Print Fiat Money.
Right now, our Debt "Per Citizen" (man, women and child) is $181,320.... Per Family is, $684,011.
Interest alone Keeps the Debt from going down unless everyone Paid it all off at once.
Now we do a QE3, We not only add to every citizens debt amount, We continue to Increase more Interest as well.
We have read about all these various Countries forgiving Iraqi Loans... Do you really think they just forive their loan and walked away?
They will Get Credits... for something, be it Oil, Gas, Gold, Diamonds, Agriculture, Trade, or???. They will get something in return.
Who will forgive the United States Debt? Nobody will...We will be Milked some way, some how.
Our Debt will be around for a very long time...
I don't want to see a QE3... I am just a 72 year old grain of sand, in a large desert of sand.
Do you really think that the Government will take their RV Money to pay off the Debt? Who Knows What they Will do with it?
Yes, our Dinarians Family will be generous, and Contribute a great deal of money to our government in the form of Tax's.
We will also Spend a good portion... I truly doubt that it will dent Debt that much, but we can hope.
The RV will not Save the USA from Debt... But it could, and should, definetly help..
The final point is, if we do a QE3, The Tax Payers will have an Increase of more Debt...
I hope this makes some sense to someone other than myself ha! ha!
ShawnW: Thank you JenoBambino, One thought that has been rattling around in my head is the money supply issue. Currently the USA has around 10 Trillion in M2 money supply. What will happen we we all exchange our IQD for USD creating Trillions more in the money supply. That has to come from somewhere right? so in order for the books to balance so to speak, the US, and EU for that matter, doing a large QE at the same time would help to create the $$$ and offset the large numbers of USD that this event will create. Like I said in my first post I am not smart enough yet to fully lay this type of post out, but it has definitely something that I have been thinking on.
Happy to hear others opinions on that, because I may be way off base. Shawn
JenoBambino: Shawn, I appreciate your input and concern. It does not make any difference if the Currency is EU, USD, IQD, or XYZ... Fractional Banking has to be understood.
Very few people understand that Fractional Banking Creates Debt. It was designed for that purpose, and has been in use for years, and years.
All Fiat Money (Paper Currency) is created out of thin air... It is just paper and Ink... It is the System of Fractional Banking that has caused all of the Financial Issues. Since the Computer, it is electronic currency.
This practice will continue to do so, until Fractional Banking is Officially Stopped. I don't think that will ever happen... Oh they might come out with a New Face, but the Concept will still be running in high gear.
I could go into great detail, but there is many explanations on You Tube... I happen to like the one I have attached here. It is 30 minutes long video, but it really covers the details of how it works...
If you watch the entire Video... You will learn about all Banking Practices around the World... They are all using Fractional Banking..
Listen closely when they explain the Federal Reserve Roll.... Best wish's