The FedRes’ Confession: We Can Avoid A Crash At The End Of QE If Everybody Believes That Everybody Believes In A Mirage…. !

• If economic depression can be solved by QE, the massive creation of money out of thin air, I would be the first to support it! Heck, why not just create out of thin air, US$1 million for every man, woman, child and their dog! Abolish all taxes. If the country needs money for roads, schools, high-speed trains … just create them out of thin air!
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• QE was never about helping the real economy, Main Street. It is about bailing out the banksters. It is about creating even more debts and monetizing them via QE, so that the entire country can be totally enslaved by banksters. The privately owned Illuminist FedRes creates a massive amount of money out of thin air and buys up US debts. Americans will have to pay back these debts plus interest to the FedRes. What a marvellous SCAM !
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• The Fed’s Confession: We Can Avoid A Crash At The End Of QE If Everybody Believes That Everybody Believes In A Mirage….! 
  by http://www.testosteronepit.com/ 
  What an army of rabble-rousers, economists (those banished from the mainstream media), and bloggers, including your humble servant, have been hammering on for years, a study by the San Francisco Fed now finally confessed: Quantitative Easing didn’t do a heck of a lot of good for the real economy.
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  Whatever it did for Wall Street, and however it shifted wealth to the upper echelon of society, and however it destroyed what little remained of the free markets, and whatever distortions, misallocations, and bubbles it created, QE had “at best,” – emphasis mine – “moderate effects on economic growth,” the study said.
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  It estimated that the effects of QE on GDP growth were “smaller and more uncertain than a conventional policy move of temporarily reducing the federal funds rate by 0.25 percentage point.” So almost nothing, despite the Fed’s nearly $3-trillion money-printing and bond-buying binge.
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  The crux of the Fed’s confession: if anything has impact, it isn’t the actual money, but words. “Our analysis suggests that communication” – emphasis mine – “about when the Fed will begin to raise the federal funds rate from its near-zero level will be more important than signals about the precise timing of the end of QE3.”
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  But why is the Fed suddenly admitting that QE hasn’t accomplished much, now, with impeccable timing, just as it is preparing to take away the spiked punchbowl?
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  If the Fed lets its asset purchases peter out in mid-2014 – which seems increasingly likely – it will impact the markets in two ways: the flood of printed money, $85 billion a month, will no longer wash over the worldwide financial markets, and that’s a lot of moolah, enough to buy a few good-sized companies here and there on a monthly basis. It will be sorely missed.
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  The other area of impact? Back in early 2009, the Fed went all out to create the impression that printing a few trillions and forcing interest rates to near zero would re-inflate asset values. And the power structure jumped on that bandwagon, from President Obama and Warren Buffett on down, and it became the established belief propagated ceaselessly in the financial media, through financial advisors, on radio shows across the country….
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