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The PJ Tatler

by
Stephen Kruiser

Bio

August 28, 2013 - 4:55 pm

If you’re the sighing type

Until a few days ago, it looked like a sure bet that the U.S. Federal Reserve would announce the beginning of the end of its massive bond buying program in September. Now, investors are less certain.

The prospect of Western military action against Syria has sent stock markets worldwide reeling. Emerging markets have sold off and oil prices soared to six-month highs. And another potential showdown over the federal debt ceiling limit is looming this fall.

Taken together, the developments have eroded the conviction of most Fed watchers that the U.S. central bank would start backing off its $85-billion-a-month bond buying program, known as quantitative easing, or QE, at its September 17-18 meeting.

While the sequestration scare earlier in the year brought us some bad theater in the form of a road trip by The Idiot King, the debt ceiling “debates” are more like a well rehearsed dance, replete with opportunities on both sides to show off their moves. The problem thus far is that John Boehner is a horrible dancer.

Also, as we’ve chronicled here on countless occasions, the Fed’s actions aren’t really producing the results they wanted which, perversely, is being used as rationale for continuing those actions.

If this all makes sense to you, congratulations, you have a promising career in government ahead of you.

Stephen Kruiser is a professional comedian and writer who has also been a conservative political activist for over two decades. A co-founder of the first Los Angeles Tea Party, Kruiser often speaks to grassroots groups around America and has had the great honor of traveling around the world entertaining U.S. troops.

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The rationale for QE is really just an excuse to print more money. The real intent is to devalue the dollar, which makes the national debt less difficult to deal with.

But, of course, the more money the Fed prints, the more likely it is that run-away inflation will result. Only the Banks, and a few Wall Street billionaires, will end up profiting.
51 weeks ago
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