Markets on edge as Fed officials differ on bond-buying

Comments (9)
AdamSmith wrote:

The Fed’s QE is the biggest boon to the wealthy ever witnessed by modern markets.

The Fed has been buying up, from the wealthy, every worthless note the wealthy had been stuck with. The Fed has been buying everything, you name it. Worthless junk that nobody else would buy, the Fed has been buying it for top dollar, taking it off the hands of the wealthy.

The wealthy can barely contain themselves at their good fortune. Who would have thought they could get rid of those worthless pieces of paper? Yet, the Fed has now paid them roughly $1.5 trillion in cold, hard cash.

The wealthy, who had expected to lose everything, are now made richer than ever. The Fed are very happy to accomodate them, and get invited to the country-club parties. And Obama, too, yearns for the invitations to the country-club parties, so he’s all in with the scheme too.

Once again in life, the wealthy win, effortlessly. And the common man is ground into the floor.

QE is a far greater crime than TARP, and far more subtle for the average citizen to grasp.

Feb 20, 2013 11:00pm EST  --  Report as abuse
tmc wrote:

If the financial system collapses and we have no wealthy people left, it will take a long, long time to recover. It will be very painful for everyone. If the wealthy are allowed to remain so, then after the financial collapes the country will feel less pain during , and recover from it far quicker. So, is it better to make large amount of people feel a lot of pain evenly across all levels, or is it better that a large portion of the people feel moderate pain for a lesser time? If the financial system collapse and we have no wealthy people left, it will take a long, long time to recover. It will be very painful for everyone. If the wealthy are allowed to remain so. After the financial collapse the country will feel less pain during, and recover from it far quicker. So, is it better to make all people feel a lot of pain evenly across all levels, or is it better that a large portion of the people feel moderate pain for a lesser time?

Feb 21, 2013 7:18am EST  --  Report as abuse
Montpessat wrote:

Gold be nimble,
Gold be quick,
Gold jump over the 2k tick

Feb 21, 2013 8:02am EST  --  Report as abuse
SanPa wrote:

Congress claims to be hellbent on ridding the nation of costly entitlements … how about killing off welfare for bankers ???

Feb 21, 2013 12:21pm EST  --  Report as abuse
ChangeWhat wrote:

I will keep my posts very short from now due to Reuters moderators lack of knowledge of their own ToS. They seem to like to remove posts that are not in violation of their ToS, I expect nothing less from the media as they have forgotten what Freedom of Speech is due to an increase of under the table funds.

“The truth hurts so get used to it.”

Feb 21, 2013 1:05pm EST  --  Report as abuse
ChangeWhat wrote:

After reading this fictional short story the reporters have failed to ask the questions that matter and report back to the American people the truth.

Why is the so called recovery in fact not recovering? We have gains then we fall back again, then we have gridlock, and then gains as the cycle repeats itself over and over and over again. Why?

Who is dropping the ball?
What real policy is on the table to fix our economic issues?
Where are the spending cuts line by line to spur recovery?
Why is the fed buying bonds from the rich?
Hasn’t obama gone through our budget “line by line with a scalpel” as he stated he would do in 2008? Its 2013 now.

Feb 21, 2013 1:15pm EST  --  Report as abuse
trex2561 wrote:

I’m an old man and until I spoke with a German Eyptian woman was I aware that the Federal Reserve is a private enterprise, not a government institution.She knew and I didnot and I feel really ignorant. The “FED” does not have a vested interest in our success other than collecting on the loans they have made to the American people. How many out there that think these guys are on our side?

Feb 21, 2013 7:06pm EST  --  Report as abuse
trex2561 wrote:

How many US citizens realize that the “FED” is not a part of the US Government but a privately held enterprise that loans the US money and dictates the rates? Being quite cynical I was worried that the govenment was running it. I am even more worried now that I know that the wealthiest people in the World are in charge and I know what they do to us normal folks.

Feb 21, 2013 7:11pm EST  --  Report as abuse
diddums wrote:

Please….please…. please, do not turn the tap off unit I have sold my house.

Feb 22, 2013 3:03am EST  --  Report as abuse
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