QE you just got to love bankers.....

[hxtr]

This is not scary at all. Don't bother reading this Pete... you wont believe in anything is says.

 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/24_One_Of_The_Most_Terrifying_Predictions_For_The_Year_2014.html

 

And from routers on the QE.

http://www.reuters.com/article/2013/11/22/us-usa-fed-lockhart-idUSBRE9AL0KI20131122

 

 

[hxtr]

Today one of the top economists in the world spoke with King World News about one of the most terrifying predictions for the year 2014.  This is an incredibly powerful interview where he discusses his frightening prediction and what this will mean for global markets.  An audio interview has now been released from KWN where Michael Pento, founder of Pento Portfolio Strategies, speaks about this terrifying situation. 

 

Pento:  “It’s actually comical that after 5-years of telling the market that QE is all about pushing interest rates lower, particularly long-term interest rates, now they (the Fed) are doing backflips and trying to say that ending QE isn’t going to cause interest rates to rise.  Let me just go back into a speech that Bernanke gave last year in Jackson Hole....

 

“This is a quote from Ben Bernanke, ‘The Federal Reserve’s long and large scale purchases have significantly lowered long-term Treasury yields.’  Did you get that?  The Federal Reserve’s large scale purchases, their QE program, by the way they are on QE4 right now since they announced this program in March of 2009, they have ‘significantly,’ not my words, his words, ‘significantly lowered long-term Treasury yields.’

 

And now they are trying to propagandize, lie, obfuscate, and confuse the market into telling you you are so stupid not to remember what they’ve been telling you for 5-years:  That their manipulation of interest rates and counterfeiting and printing money hasn’t worked.  But it has.  It has lowered interest rates on the long-end of the yield curve.

 

And now they are threatening to stop doing it because they (feel) can’t do it any longer.  They can’t stand the fact that they have counterfeited $4 trillion worth of credit and money.  It hurts them (their credibility).  They really feel uncomfortable doing it, but they can’t stop.  They’re trapped.

 

They are trying to get out of QE, but the exit door is blocked by soaring Treasury yields, (what will be) plummeting equity prices, another real estate crisis, skyrocketing US sovereign debt service payments, massive currency disruptions, and a deflationary depression.  That’s what lies on the other side of year, after year, after year of money printing, credit creation, counterfeiting, and interest rate manipulation.

 

There is no exit.  There is no easy exit, and that’s why they are delaying the tapering, Eric.  Do you ever wonder why they didn’t do it in September, when the market was ready for it?  It’s because the 10-Year Note went from 1.5% to (roughly) 3% in just a few weeks.

 

If the Fed goes ahead and tapers, interest rates go to 4% on the 10-Year (Note), and all of the things I just mentioned occur, and we’re back into a deflationary depression.  I believe that would cause them to institute a permanent state of QE.  That’s where we’re headed, Eric.  That’s what 2014 has in store for you.”

 

IMPORTANT - This is one of Michael Pento’s greatest and most important audio interviews ever.  It’s available now and you can listen to it by CLICKING HERE.

 

IMPORTANT - KWN will be releasing interviews all day today.

 

Michael Pento: President & Founder of Pento Portfolio Strategies and the author of

“The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market”

To order from Amazon CLICK HERE.

 

© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

 

The audio interviews with Michael Pento, Andrew Maguire, Gerald Celente, David Stockman, Art Cashin, Dr. Stephen Leeb, John Hathaway, Bill Fleckenstein, James Turk, William Kaye, Eric Sprott and Jim Grant are available now. Other recent KWN interviews include Marc Faber and Felix Zulauf -- to listen CLICK HERE.

 

Eric King

KingWorldNews.com

[7Toes]

yes and anymore in the news you see these banks getting fined billions for corrupt ways and guess what no one ever goes to jail for it imagine that.if it was a working guy cheating ands stealing we would be in jail over it

Edited November 25, 2013 by 7toes_ky

[hxtr]

hell no they wont get fired. They are all in on it. Fucking twats.

[eidolonFIRE]

rich get'in richer, poor get'in poorer....