The ESF and Its History
Did the Fed Lie About QE 3 and 4?
It’s common belief that Bernanke and the Fed are printing $85 billion per month ($40 billion to buy Mortgage Backed Securities and $45 billion to buy Treasuries). After all, these are the policies that the Fed announced in September and December 2012, respectively.
The only issue with this is that the Fed lied.
Today, the Fed’s balance sheet is $1.3 billion smaller than it was at this time last year. Last week it was $19 billion smaller. The largest year over year growth the Fed balance sheet has shown since QE 3 was announced occurred on November 23, 2012 when the Fed balance sheet was a mere $48 billion larger than it was at the same point in 2011.
Since that time the Fed balance sheet has shrunken year over year.
The implications of this are severe. If the Fed is indeed not employing the policies it announces but is simply engaging in verbal intervention (stating it will do something just so the markets react), then it has lost total credibility as a monetary authority and is nothing more than a market manipulator.
Consider the above chart… the S&P 500 today is 14% higher than it was this time last year. Over the same time period, the Fed’s balance sheet has shrunken. This is proof positive that stocks have not only disconnected from economic fundamentals… but are now disconnected from the Fed’s actual actions.
Put another way, stock investors are now bullish based on their belief that the Fed is pumping $85 billion in the system every month and nothing more.
Not every asset class is this mindless. Consider Gold’s recent action:
Considering that the Fed announced QE 3 in September and QE 4 in December, Gold should be soaring. Instead it peaked right around the time QE 3 was announced and has since fallen. Year over year it’s barely higher.
All of this adds yet more evidence that the Fed is in fact running out of ammo. We already knew that the Fed believed in verbal intervention as a tool for dealing with the markets. But now it’s clear that this is the primary tool for the Fed. This hardly bodes well for the financial system.
Source - beforeitsnews.com/......./did-the-fed-li
Is the BoE lying about UK QE for the same reason, to con people?
The American People are the Big Losers In The Cliff Deal
The "fiscal cliff" deal will raise taxes for 77% of the American public.
It will add $4 trillion dollars to the deficit over the next 10 years.
It will create a drag on the economy equal to 1% of the gross domestic product.
It creates uncertainty in the following areas:
A) the debt limit, B) the sequestered amounts, C) cuts in entitlement spending, D) additional taxes and don't forget E) the President needs another Continuing Resolution (CR) to keep the lights on.
Blackrock's Larry Fink is correct when he says:
The American People are the Big Losers In The Cliff Deal.
Who benefits? The deal gives Puerto Rican rum makers, Nascar, banks like Goldman Sachs, and General Electric and other big companies tax subsidies. History repeats again and again.
The entire "fiscal cliff" is a ruse to fleece the people. Once again, the government has pimped us out.
surprise. surprise. Wealth transfers continues unimpeded. 4.6 trillion when the interest paid for the creation of the debt currency is added.
From comments - [...] I entirely agree with this. For sure, America has moved away from free market capitalism progressively since (probably) the end of WWII. Whether today's model is socialism or fascism is a tad by-the-bye because fascism is the jackboot wing of socialism. Kleptocracy, oligarchy/and banana-republic corruption are simply features of fascism.
That's why Mussolini invented it. He was a lifelong socialist who (eg) got frustrated with the trains running late and was then able *to instruct* the media to report that the trains were running on time. In the minds of fascists, problem solved! Ditto Hitler (some say the Nazis were jackboot Marxists). And ditto Mr Tony Blair in the UK (a lifelong socialist who introduced Mussolini-style fascism into Britain and is now jockeying to become the unelected President of the European Union where he has plenty of support from the likes of EC President Barroso - himself an ex-Mao communist). [Barroso is also accused of involvement in the McCann case.]
[...] Like a coin, fascism has two sides: the economic side that we all know where the state and big corporates are in bed together in a mutually beneficial corrupt relationship (corporate fascism), and always at the expense of the citizens. And the authoritarian jackboot side which soon emerges to impose the state's will by force when the citizenry rebel against what's happening. It is this latter side that we now see emerging in America (and also the UK/EU, btw).
An example is the recently exposed plot to assassinate leaders of the Occupy Wall Street group involving corporate America, DHS and FBI.
From Winston Churchill election speech 1945:
"I must tell you that a Socialist policy is abhorrent to British ideas on freedom. There is to be one State, to which all are to be obedient in every act of their lives. This State, once in power, will prescribe for everyone: where they are to work, what they are to work at, where they may go and what they may say, what views they are to hold, where their wives are to queue up for the State ration, and what education their children are to receive. A Socialist State could not afford to suffer opposition - no Socialist system can be established without a political police. They [the Labour government] would have to fall back on some form of Gestapo."
And - (US regime to disarm the public by force?)
[...] If you listen to these clips, you will feel the chilling truth in this policeman’s voice and then have to ask yourself, are you seriously ready for this to come to you in the next few months, or who knows when?
Butch Paugh Show Call to Decision Jan-2-13: (Scroll in 10 mins)
[If legit, lends credence to the Sandy Hook being theatre to fool people into surrendering their weapons and to cover the disposal of some inconvenient people.]
Blair - in with a chance of running bilderberg's private EC regime? He is a war criminal* accused of association with homosexual paedophilia**. So how is he in with a chance? One has to ask why there is so much perversion and criminality connected to bank controlled regimes. Consider this. The leaders from the banking families are said to control western regimes through secret societies and by blackmail using info gained via the controlled secret services, CIA, Mossad, and the UK, Fr, De equivalents, the societies choose who will be in the line-up for election. These societies are controlled e.g. the free masons and its luciferian illuminati overburden. So Blair is eminently qualified. (Is Cameron, admitted zionist and drug abuser, eminently qualified?)
(Includes Labour25's "Labour Party’s Convicted Paedophile List")
(Is this a source of victims for the paedos?
What I get so far is that it seems Rothschild has a high level of influence in the various secret services. The secret services have been claimed to obtain leverage on VIPs, potential VIPs and politicians by catering to their vices. Another method is through indoctrination into luciferian groups (embedded in the free mason soc.) where a prospect either progresses through the levels and is assisted in career placement and advancement or is brainwashed into servitude of the higher levels.
This leverage and or influence through participation in such as ritual sacrifice is used in various ways to further the NWO agenda and to manipulate regulation. The UK, controlled by banksters appears to have arrived under the jackboot of the bilderberg EC without public permission due to leverage held over E. Heath and has remained there with progressive loss of sovereignty likely due to similar leverage of successive regime leaders.
I've seen claims where the vatican was said to be the head of the boil, senior to royalty and banksters. I find that hard to believe. The vatican may be the banksters' banker but I think the illuminati layer of the free masonry is senior to the church bureaucracy.
[The bankrolled by Gaddafi -] Nicolas Sarkozy ordered the assassination of Hugo Chavez
The Venezuelan Minister of Correctional Services, Iris Varela, has announced on her Twitter account the expulsion of a French citizen known as Frédéric Laurent Bouquet, December 29, 2012
[...] During his trial, Mr. Bouquet admitted he had been trained in Israel and was an agent of French military intelligence service (DGSE). He admitted planning an attack to assassinate Constitutional President Hugo Chavez.voltairenet.org/article177049.html
Counterjihad activism doesn’t pay very well. It demands long hours from its volunteers. It also tends to cost them their jobs, their freedom, or even their lives. It’s not a pastime to take up if you prefer the quiet life.
Late in 2011, British Freedom announced that Paul Weston, Tommy Robinson, and Kevin Carroll were shouldering the burden of a political party that was sure to bring down the weight of the British establishment against itself. Sure enough, a little more than a year later, Tommy Robinson is languishing in solitary confinement without having been charged with a crime.
Is This Blasphemy?
Al Jazeera buys Current TV, will launch new channel (CNN Money)
The failed 2000 U.S. presidential candidate and the failed demagogic promoter of the failed climate hysteria has sold his and Joel Hyatt's failed TV station, Current TV, to an Arab broadcaster.
New UN Report on Syria http://sco.lt/7LtRQX
Syria : al-Qaeda chief's younger brother arrested in Syria for aiding rebels mirr.im/Xugkdx
Syria rebels' arms supplies and finances drying up despite western pledges gu.com/p/3cpkg/tw
Most Syrians back President Assad – but you'd never know from western media gu.com/p/34n2n/tw
Syria: Battles Return to Yarmouk Camp english.al-akhbar.com/content/syria-battles-return-yarmouk-camp…
Terrorist fire kills Syria journalist shar.es/4WKeI
Russia to send 12 warships for exercise near coast of Syria - worldtribune.com...russia...12-warships
BEIRUT: Nusra Front reportedly leading Syrian rebels’ fight for key Damascus area hrld.us/UKVJy7
CHP Calls Erdogan and Davutoglu for Questioning in Parliament sana.sy/eng/22/2013/01/04/460337.htm…
Video : ‘US desperate to hide Bahrain's Al Khalifa regime crimes’ shar.es/4WI6E
Rescuing the Rich? UK taxpayers funding foreign aid 'con job' on.rt.com/m44fjh
Callers React to Foreign Media Pushing Total Gun Confiscation: bit.ly/WtIYW2