October surprise already started

Jim Rogers: Fed Has Already Begun QE3 to Avoid ‘Egg on Their Face’

International investor Jim Rogers says that the Federal Reserve is secretly printing money to avoid “getting egg on their face again” after previous attempts to https://www.blogger.com/img/blank.gifkick-start the faltering economy with more than $2 trillion of quantitative easing failed.

Two previous rounds of quantitative easing (QE1 and QE2) pumped a collective $2.3 trillion into the economy and Fed officials say they remained poised to roll out a third round (QE3) if recovery doesn’t gain steam.
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Don’t wait for that announcement to occur.

“I do not know if they will announce it. I know they are going to print more money. They already are,” Rogers told India’s Economic Times."

Click the above to head over to the Ulsterman

Obama's October Surprise

with Ben Bernanke's collusion; Click to go over to The Ulsterman and read.

"The Fed’s “Operation Twist” program—buying long-term Treasury bonds and selling short-term securities—is still “working its way through the economic system,” Mr. Bernanke said. The program was first launched in September 2011 and in June 2012 was extended through the end of this year.

…Minutes of the Fed’s July 31-Aug. 1 meeting, released this week, showed the Fed leaning strongly toward actions that could include a new round of bond buying, guidance that interest rates will stay low for even longer than previously thought, or other measures. The Fed next meets Sept. 12 and 13. …The Fed has held off on new action, in part, because officials wanted to see how markets and the economy responded to Operation Twist. One of several options on the table for the Fed’s September meeting is for the central bank to replace Operation Twist with an outright bond-buying program."

Obama's "October Surprise"

The Ulsterman has a report of Obama bid to have Ben Bernanke pull some shenanigan's this october, in a bid to help Obama win the election.


"I have recently received confirmation of Ben Bernanke’s intent to initiate a sizeable QE3 just prior to the November election. Whispers of this have been circulating for a number of weeks. It is now confirmed. Bernanke now appears quite motivated to do just that though there will be a fight among some within the FED"


Click to RTWT and you really need to read the whole thing.

The Ulsterman also has a post about e-mails concerning the Solyndra scandal"

"The Solyndra scandal took a big step up the ladder today, as ABC News uncovers new evidence that shows fears over a collapse reached all the way into the West Wing. An OMB analyst tried to raise red flags on the Obama administration’s attempt to rescue the now-bankrupt green-tech firm, before the Department of Energy rejected her advice and restructured the loans in March 2011, which illegally subordinated taxpayers in case of default. An e-mail from Kelly Colyar in August 2011 reminded recipients that she had predicted that very scenario — and that White House chief of staff had been briefed on her warning in February, before the restructuring."

Click to RTWT and you need to read this one as well.

And the third story from The Ulsterman, The Obama Administration has started to implement a program which might have UAV's flying over your city this fall.

"You see, Obama – he don’t trust the military. Not all of them…not many of them. But he trusts those drones, now don’t he? Don’t take him having to trust some military official to order troops to carry out an order inside the United States. It’s just inputting a bit of data – and the push of a button, right? And keep the f-cking military out of that equation there. Move the program…attach it directly to the White House. Make it…make it part of Homeland Security, right? Simple as that. One appropriations bill – just one…and it’s done."

Click to go RTWT, please go read it.