The Telegraph and their flim-flam on the economy.

The media to include The Telegraph has reached the point where they are nothing more than a thief in the night. Most reasonable people seemed to have reached the conclusion that morals and integrity mean nothing to these people. They have in fact turned their back on their community, their state and this Great Nation.

Today we find another scam in The Telegraph; Fed launches new stimulus this is a specially selected article from the Tribune Washington Bureau. The average person has nothing to gain by this so called QE3. The people are being scammed by The Telegraph again, To do this they needed to abandon AP again as they put out a few things which may be helpful to the average person.

If you look at QE3: Fed announces stimulus an AP article, you will see a long list of things the Feds have tried going back to Nov. 25, 2008. Nothing has worked. It is evident they are stumbling around in the dark; they have no idea what they are doing.

This is QE3, which means there was a one and a two. It is a fact that they did not work. So why would anyone thank another one would work? 

We are told in another article; Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates that;

“Enacting the third leg of quantitative easing, or QE3, will take the Fed's money creation past the $3 trillion level since it began the process in 2008.” 

This does not include the trillion dollars a year the Obama administration has borrowed and pumped into the economy.

We are told that “bond yields” surged – “Gold and other metals gained at least 1 percent across the board”. However “…the dollar slid….” This means you get less for your dollar each time you purchase something.

There is some speculation that this is to help Obama – that really does not matter if they manage to collapse the dollar.

This is nothing more than a gamble, The Telegraph tells us: 

“Bernanke and his colleagues are betting that they can further push down already historically low mortgage rates, in a bid to stimulate more home sales and refinancing.”

We are also told that: “…the central bank left open the overall amount it would purchase…”

If we look in another AP article we are told that:

 “The Federal Reserve does not have a specific economic target for its new stimulus program, Ben Bernanke said Thursday. He said the Fed will keep buying bonds until it sees more jobs, lower unemployment and stronger growth.”

What The Telegraph did not want you to know is the Feds are planning on printing “$40 billion a month” and dumping it into the economy.  This is nothing short of insanity. 

Printing money will neither “lower unemployment” nor cause “stronger growth.” You can see this at: Bernanke: No specific target for bond purchases

What The Telegraph conceals is the fact that:

 “…the growing money supply will lead to inflation, which has reared its head in food and energy prices but has remained tame through the broader economy.”

It also drives the price of gas up as seen at: QE3: Fed Primes Pump, Americans To Pay Even More At Gas Pump.

Have a nice day.