It's Official - Today's Fed Statement Signals " QE FOREVER"

Well the Fed did it again today... extended quantitative gorging-on-fiat indefinitely.  By adding a new component today to their strategy (a new justification) Bernanke, in the most conniving and sneaky fashion,  gave himself the green light to justify more debt monetization until hell freezes over.  Because that's how long it's going to take for the unemployment rate in the United States of America to drop below 6.5%.  

It's simply amazing to watch the charade continue that seems like it's right out of the Twilight Zone.  Prior to the addition of today's new qualifier, all the Fed had to do was to simply continue to lie about the rate of inflation in order to justify money printing on an ever-increasing scale.  But in light of the fact that to continue to hide the current horrid rate of inflation in the areas that hurt us the most (like soaring food prices) is becoming more and more difficult, nearly impossible, a new metric had to be introduced.  By making it official that future decisions by the board of governors will now be tied not only to the rate of inflation but to the rate of unemployment, a major step has been taken in which the Fed has paved the way for justification for future insanity on their part.  And of course in the insidious modus operandi typical of psychopaths who patiently work toward their goal of ruling the entire world, gradually over time the peg-to-inflation aspect will quietly drift off to the land of the forgotten.  In the months and years ahead the 'inflation' aspect will be spoken about less and less often and will instead be replaced with ever-increasing focus on the employment rate as being the key determinator.  In essence today's statement opens the door for the Fed to supply the drugs to a hopelessly addicted government for perhaps the next 20 years.  This is probably as good time as any to ask Chairman Bernanza exactly what it is that he's been smokin' because the country and the currency won't last another five years at this pace let alone twenty plus.  Surely Bernanke knows this?  Let me answer that question for you.  Yes, he does.

Today's Fed statement read, "In particular, the Committee decided to keep the target range for the federal funds rate at zero to one-quarter % and currently anticipated that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6 and a half percent, inflation between one and two years ahead is projected to be no more than a half percentage points above the Committee's 2% longer-run goal, and longer-term inflation expectations continue to be well anchored.  The Committee views these thresholds as consistent with its earlier date-based guidance. In determining how long to maintain a highly accommodative stance of monetary policy."

Up until now the target date for the end of the policy of supplying more and more green powder for congress to blow up their noses was "sometime in 2015".  With today's statement the Fed has extended that date essentially to eternity because let's face it, as long as the once-monumental manufacturing sector of the formerly-great USA continues to leave America for foreign shores, the unemployment rate is never going to drop below 6.5%.  NEVER.  It's going to balloon to 20% and higher.  Eventually the rate of unemployment, which is already grossly under-reported, will also become nearly impossible to hide any further.  I expect that sometime after 2016, with bodies piling up in the streets, the ability to hide the rate of unemployment no longer be manageable and will have to be be replaced with a new and fresher "qualifier" that would justify even more QE.  I'm guessing it will be something along the lines of "once the economy has improved to the point where the annual suicide rate drops below 65 per thousand we would feel quite confident that we may be able to sell a few bonds back into the system".

We have to recognize the reality here friends.  The global central banking cartel are going to print forever.  Let there be absolutely no misunderstanding about that.  Because the only alternative is literally to allow the greatest bond market crash in human history to occur.  That would destroy not only the entire global economic network but the bankers themselves.  Which more or less makes their long term itinerary a crystal clear no-brainer, does it not?

Until next time...