Sometime later today, the FED is going to announce their latest trick. Quantitative Easing 3.0. This time around the Fed is going to announce a program to buy mid to long term treasuries. They call this "Operation Twist" because the FED has now begun to use code names.
Have you ever noticed how the government loves code names? I laughed my ass off when the government announced it's code name for Bin Laden. Geronimo. Allegedly, they use code names because somebody might intercept our cryptic messages and become confused about who Geronimo is. Well, except that the entire universe knew that we were hunting Bin Laden. I doubt those Islamic savages could have put all of that together. So I think these code names are kind of useful.
I don't like the name Operation Twist. So I am going to dub QE3- Operation Crazy Horse. I think this is a far more descriptive and accurate code name. Since the FED has no assets yet they loan trillions, anyone that believes this bullshit must be crazy. Show me the MONEY, Fed! You must also be crazy to think any of this is designed to help Americans. It is designed to help re-liquefy all of our insolvent banks who get to practice mark to fantasy accounting. In the end, all that this will lead to is more inflation, more price erosion. Higher gold.
You'll note that I have used the term conspiracy. Contrary to common Moonbat thinking, conspiracies can and do exist. Conspiracies are hatched and their goals executed daily. The great duopoly, Verizon and AT and T, is one of my favorite conspiracies. The FED and it's member banks, the great cartel, still maintain and occupy my highest slot. Let me stop there and show you this. On bloodshed and conspiracies. Gawd I love Carlin.
Now I am going to introduce the term, Nash Equilibrium to you. Here is the definition. To save time and get to the point, just read the second paragraph- Cliff notes style. http://en.wikipedia.org/wiki/Nash_equilibrium
Bankers hate precious metals because they represent something of real value in limited supply. Sans alchemy, there is no way to counterfeit precious metals. So what you have to do if you are a banker, is try to find a way to minimize the role of real money- precious metals- and maximize the role of your worthless currency. In other words, you badmouth gold publicly- while privately you accumulate as much gold as humanly possible. Keep it secret or you will cause the price to rise. That's why the biggest holders of gold, worldwide, are central bankers! I would dearly love to see how much gold Bernanke personally owns. In fact, if Ron Paul would simply ask Bernanke how much gold he owns, I would tip over laughing.
The FED and the worldwide banking system is the greatest conspiracy ever created. Like the great duopolies, they have found Nash equilibrium. The FED is a cartel that conspires and practices price fixing as uniformly as OPEC does with oil. To get rid of the banker class I will refer you back to the Carlin clip. Or maybe my favorite Thomas Jefferson...quote. Maybe Carlin was Jefferson in a previous life.
The Tree of Liberty must be refreshed with the blood of tyrants and patriots from time to time.