Are These Guys Nucking Futs?

Because $16+ trillion is really not enough and their efforts to this stage have worked so brilliantly folks at the Federal Reserve have decided to give themselves blank checks

Federal Reserve Chairman Ben S. Bernanke says the U.S. economy is “far from satisfactory.” His colleagues are moving to embrace policies that will stay in place until he’s satisfied.

Four Fed presidents have come out in favor of an open-ended strategy for bond buying, with three calling for the program to begin now. Rather than specify a fixed amount of bonds to purchase by a certain date, such a strategy would leave the Fed able to announce a pace of purchases that it could adjust as the economy gets closer to Bernanke’s goals.

They are completely out of control and beyond reason. They have held interest rates near zero since late 2008, racked up trillions in debt and further trillions in interest liabilities and we have what, exactly to show for it?

They failed, the policy was wrong and it’s time to end it.

5 Responses to “Are These Guys Nucking Futs?”

  1. Gary from Jersey says:

    Worst part: Under 30s have little or no clue and they’re gonna get it worst. Thank you, academia.

  2. major dad says:

    To answer your question; Yes, they are f#^*ing nuts.

  3. aelfheld says:

    Fiat money always acheives its intrinsic value.

  4. aelfheld says:

    Buggered up ‘achieve’. 🙁

  5. JeffS says:

    That’s OK aelfheld, the Feds have buggered the economy.

    And us.

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