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Fed Launches QE3

WASHINGTON (MarketWatch) — The Federal Reserve, worried that improvement in the unemployment rate has stalled, announced a third, large purchase of bonds on Thursday in an effort to bring down long-term interest rates and spur growth.

The Fed said it would buy mortgage-backed securities at a pace of $40 billion per month.

The Federal Open Market Committee, which ended a two-day meeting on Thursday, said it was concerned that, without the action, “economic growth might not be strong enough to generate sustained improvement in labor market conditions.”Read text of statement.


Federal Reserve decision due 12:30 p.m. Thursday, followed by press conference

WASHINGTON (MarketWatch) — Fed watchers have little doubt the central bank is getting ready to launch what’s commonly called “QE3,” or a new large-scale asset purchase plan, but many think the countdown will be placed on hold until later this year.

“We don’t think the most likely outcome [in September] is going to be the announcement of another large scale asset-purchase plan. I am not convinced they are ready for it,” said Lewis Alexander, chief U.S. economist at Nomura Holdings.

“FOMC members continue to struggle with the appropriate structure for a future QE,” agreed Ward McCarthy, chief financial economist at Jefferies.

If this is the case, analysts said, headlines from the two-day meeting that ends Thursday will come from a less-aggressive step of altering language on a low-rate pledge. This will likely be extended until mid-2015. The current Fed pledge is to keep rates at “exceptionally low levels” through at least late 2014.

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Fed Policy ‘Turned Financial Markets Into a Casino’: David Stock

Fed Policy ‘Turned Financial Markets Into a Casino’: David Stockman Says ‘No’ to QE3


If they

lower the interest rates just a little more, they will have to start paying other banks to take it.

If you are in the market to buy silver..

You may want to wait till it goes under 28.

I suspect that the money printers are manipulating the market and it is in their interest to keep silver at low prices so it does not make their paper "look bad".


I try to change people every day. Do You?

I actually was just shopping around to make a decent

sized purchase. How confident are you and when would you say to expect the prices to come down again? I wanted to buy when it was at $26 an oz , but I had some other things going on in which I couldn't spend the money at the time.

Your guess is as good as mine..

All I can say is make sure you hold it in your possession.

Good luck.


I try to change people every day. Do You?

QE doesnt help the economy , it helps countries keep their

borrowing costs low so they can continue to spend and it keeps banks afloat.

Please subscribe to smaulgld.com

They might not do it

May wait for cover of the the November election results and do QE3 then

Please subscribe to smaulgld.com

Doesn't QE happen all the time?

It's the Federal Reserve they do this all the time. What makes announcing QE from what the FED does anyways?

You are right....

it is just a game they play, some people still believe.

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

My sense is that they will wait till October sometime

and the stock market will pull back a good amount prior to that. We've already run up an enormous amount since June 1.

QE does NOTHING for unemployment. And the banksters know that

very well. It simply makes that elite wealthy richer.

Unemployment is simply an excuse.

Prepare for Gold to soar

The announcement may not come out "officially" tomorrow but in actuality QE3 has been ongoing for quite some time, with interest rates at such a low rate and through Operation Twist's switch to longer-term bonds. I expect them to keep the federal funds rate at this level through 2015, that rumor is definitely true enough. However, I am not entirely set on the notion that Bernanke and the FOMC would publicize another massive round of bond purchases this close to the presidential election.

I do know, however, that we should prepare for gold to start flirting with the $2000 level before the year is out. Inflation (true inflation, not the loaded CPI we get today) is around 9% when utilizing the SGS Alternate CPI from 1980. Whenever it comes, whether the announcement is tomorrow or not, we can expect more bond purchasing and a flood of cheap credit to hit the market and encourage consumers to put themselves further in debt. Food prices at the grocery stores will be outrageous, and I know that after gas prices rise due to the weakened dollar that energy companies will get called "greedy" and "evil" and our government will do even more to drive them out of the US.

This is going to kill retirees and those on fixed incomes, as the CPI their incomes are indexed to is an understated and dishonest measure of inflation.


Well, this isn't any surprise to any of us here.

German court removes hurdle to euro zone bailout fund.

Banks got bailout it only tempory relief. Wait until the Germany election over....RIP Euro


It looks like gold might hit 2000/oz.

Ending the Fed

All the more reason to attend your closest End The Fed protest on Saturday, September 22. I'll be in Dallas.



Be there - raise publicity for this! :D

www.standardexcellence.net - Bringing you Oklahoma, Texas and national news & opinion that matters for liberty.

reedr3v's picture

I'll be at the Denver rally


This is a trap. JPM has a

This is a trap. JPM has a 28,000 contract position shorting silver.
They can not get caught on the short side. This would bankrupt the whole system. They have leaked through the media that QE was coming. The reason why is because most of us have wisened up and were not participating in that market. so with the cooperation of the press they hinted at QE. now they have the hedge funds going long and sucking in the bulls. We will not see a QE announcement this week. This will give disguise to JPM and the other commercial banks to drive the gold and silver price down for a week or 2 starting late Thursday or Friday. Silver will be knocked down to between 20.00 and $25.00 an ounce. JPM will cover its 28,000 contract position as best it can to get to a 5 thousand contract position which is the CFTC's new maximum contract postion by Oct 12th. (JPM may have till Dec 31.)
After the big banks have covered their position or get close to it. The Fed will then announce QE3 JPM and the others will already be Net long and riding the price up. I do not see silver stopping or correcting in price till we hit 125.00 an ounce. Guess we see if I'm right in the next few weeks.

JPM IS the US Government.

JPM IS the US Government. Read that again please. The cabal consists of the Government AND banks. JPM is not about to default on silver contracts or go belly up. They are indeed too big to fail. The United States government will give JPM whatever they need to cover their positions. When you are backed by a government that creates the world's currency and one that happens to have more nuclear weapons than just about anyone else.. You don't fret over a few silver contracts.

important question

How do you find this information about where JPM is currently positioned in silver, etc. (the 28,000 short position contracts)

Thanks for any input.


since they are the ones, these few elite bunch of men, who call the shots, pull the rug out from our feet in the stock market (when they want to) and funnel OUR FRIGGIN' MONEY into the markets without even telling the public WHAT STOCKS they are buying. It's a very sad thing to witness.

When this whole mess began with HANK PAULSON, it took him just TWO WEEKS to make the announcement that he was going to use the money to buy banking equities. What foolish & greedy knaves our politicians are. Justice for them would be no less than confiscating all their elitist assets and hitting them where it hurts--right in their own money buckets where all their unvarnished greed started and never seems to end..

But, alas, these fifedoms continue onward, even if their Media darlings aren't able to convince the masses at some point, and with the abuse of our military against us, what hope is there for the world? I keep praying though..

I'm about to buy up some

I'm about to buy up some silver... should I wait a couple weeks for it to go down? Or just buy what I can when I can?

I ask because I get paid tomorrow and was going to put a good $500.00 towards it after work.

End The Fed!
BTC: 1A3JAJwLVG2pz8GLfdgWhcePMtc3ozgWtz

I would wait. watch the

I would wait. watch the COT's. Silver is now down .86 cents. they may have started the raid early to gain momentum tomorrow/friday.
It will take a week or 2 for this to run out.

All part of 'da Man's' plan...

to keep a brotha' down!
By injecting more and more "money" into circulation, the dollar in your wallet won't be worth the 3.5 cents it is now...it will be down around 1.5 cents, making the $.50 bag of salad (that's now around $3.75) go up to $6.00. The people are gonna freak, yo.

Silence isn't always golden....sometimes it's yellow.

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry

Don't Forget Smaller Package Quantities as Well

Our currency will be further debased by the FED purchases of government debt to be sure.

But there is another hidden effect of monetary inflation. Suppliers of consumer goods (food, retail store dry goods, building supplies, etc.) package their products in smaller package quantities at the same or slightly higher price.


Remember when ice cream was sold to the consumer packaged in a "half gallon" (two quarts) size? Now the package size is 1.5 quarts in most food stores. Has the purchase price dropped? No, in many cases it has risen in price.

Cans and bottles of food (e.g., soup, vegetables, oils etc.) used to be sold in 16 oz sizes. Now the size is down to 15 oz. or 14 1/2 oz.

Packages of nails and other fasteners contain smaller quantities as well.

Little by little the American people's pocketbook is being squeezed at both ends. All leading back to the source; the Federal Reserve's manipulation of the money supply.


Show us the money !!!

"I won da moneee!!!"



Well tell them to hold off

Well tell them to hold off till my next paycheck so i can buy some silver.

Southern Agrarian

Quantitative easing is ongoing

TMS1 True "Austrian" Money Supply
% Change QoQ and YoY Outstandings, NSA ARs (starting 1960)

The TMS1 is growing exponentially but the QoQ and YoY fluctuate wildly.

Gold Cannot do that. But they do that with paper money and hide it with M1 and M2 numbers.

The Austrian True money supply exposes their shenanigans.

Free includes debt-free!

What happens if

the fed keeps interest rates on the low - low while providing more qe, raising the price of gold & petro, and then all of a sudden decide to push interest rates up to 5%-10% over night? I'm starting to wonder, sure gold is high right now, but all they have to do to screw gold holders is dramatically raise interest rates right? I guess nothing is a safe haven financially in a false economy. They have to raise interest rates some time, they can't keep this charade going forever.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

Don't make book on it......

Because the odds of that happening are way south of zero percent.

Ed Rombach

You can't screw Gold holders.

An ounce of Gold can buy the same amount or more copper, silver, iron etc as it did in 1900.

And ounce of gold bought $20 in 1970, today it buys nearly $2000. Since Gold didn't change it's value the $FRN. The incredible shrinking $FRN.

A Silver Quarter (melt value) still buys a gallon of gas today, as it did in 1963.

Free includes debt-free!