FedRes QE3 May Hit $1 Trillion as Fiscal Deadlock Persists!

- The FedRes, ECB, IMF, World Bank, BIS … are all privately owned Illuminist corporations. It is via these entities that they control their global fiat currency hegemony. The Pentagon, US military and the western Military Industrial Complex (MIC) are simply the enforcement arm (paid mercenaries) of the western Illuminati!
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Fed QE3 May Hit $1 Trillion as Fiscal Deadlock Persists!
by Caroline Salas Gage and Jeff Kearns, http://www.msn.com/
The Federal Reserve stands as the only source of policy support for a U.S. economy burdened by 7.9 percent unemployment after the presidential election preserved the balance of power between Democrats and Republicans.
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“If you’re going to get stimulus, it’s got to come from the Fed,” said Paul Edelstein, the director of financial economics at IHS Global Insight in Lexington, Massachusetts.“They’re the only game in town.”
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A fiscal boost to the economy is probably off the table as President Barack Obama negotiates revenue increases and spending cuts with leaders of a Democratic-controlled Senate and a House of Representatives led by Republicans, Edelstein said. That may leave only the Fed in the position of trying to boost the economy, and its third round of quantitative easing may extend through next year and climb past $1 trillion, said economists at JPMorgan Chase & Co. and Pierpont Securities LLC.
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Treasuries rose, pushing 10-year yields down the most in five months, as Obama’s re-election bolstered speculation the central bank will maintain a bond-buying program that San Francisco Fed President John Williams this week said may exceed $600 billion. Republican candidate Mitt Romney had criticized the Fed’s policies and said he’d replace Chairman Ben S. Bernanke, whose second term expires in January 2014.
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The 10-year yield fell 10 basis points, or 0.1 percentage point, to 1.65 percent yesterday, according to Bloomberg Bond Trader prices.
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Yellen Succession?
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