$600 billion Fed funny money! Big LIE!

By: Larry_Edelson

This is it — the hot news that Wall Street was waiting for with bated breath.

Fed Chief Bernanke’s going to buy another $600 billion in Treasury securities to pump liquidity into the economy.

But it’s all one big, fat lie.

Here’s why:

First, because the whole concept of “buying Treasuries” is a smokescreen. What Bernanke is really doing is running the money printing presses, and it’s no secret. Even the emperor himself knows he has no clothes.

Second, because Bernanke also knows — all too well — that he’s not truly pumping money INTO the U.S. economy. In reality, the U.S. economy is leaking like a sieve. So for all practical purposes, he’s pumping the money OUT OF the U.S. economy — to countries overseas.

Third and most important, the “big number” — $600 billion — is meaningless. The Fed says quite bluntly that they will …

“regularly review and adjust the program as needed to best foster maximum employment and price stability.”

In other words, they’ll blow right past the $600 billion mark whenever and however they darn please.

State of Shock and Awe

Meanwhile, yesterday’s elections have left one political party in a state of shock and the other basking in the warm glow of success. And our readers are not the least bit surprised!

Thanks to our special polls — both among our own readers and nationally — we were able to tell you, well ahead of time, that fiscal conservatives would sweep into Washington, and that the entire government would end the day deeply divided.

In the House of Representatives, Republicans rule. In the Senate, the Democratic party held on by the skin of its teeth, but without a true, operational majority.

That means Congress is now officially OUT of the stimulus and bailout business. It also means that many in Congress will be fighting to actually reduce government spending at every opportunity.

Most importantly, it means all the gas that was fueling the meager recovery of the past two years is no more. President Obama couldn’t push a new spending bill through the new House or Senate even if his life depended on it!

And that leaves the White House with a serious problem …

Obama & Team know that the 2012 presidential campaign effectively starts TODAY … that voters will hold the president personally responsible for turning the economy around … and that ANY FAILURE TO SLASH UNEMPLOYMENT WILL DOOM THEIR CHANCES in the next election!

But new spending bills are no longer a possibility. So that leaves the president with one and ONLY one weapon of last resort: The Federal Reserve.

That’s why today’s Fed announcement — that it will print only $600 billion to buy Treasuries and other securities — is just a down payment. Merely a small tip compared to the truly big money-printing binge yet to come.

Look: In the world we just left behind, Congress and the Treasury Department led the charge on stimulus:

• Congress passed spending bills.
• The Treasury borrowed the money to pay for them.
• The Fed’s role was merely to buy Treasuries with newly-printed money in order to keep interest rates low.

Now, in the new world that has just dawned, the game has changed. Radically! Congress and the Treasury are on the sidelines. The responsibility for stimulating the economy now falls on the Fed ALONE.

That’s why you need to take today’s Fed announcement with a grain of salt. Yes, the Fed is firing up the printing presses again. Yes, it will use that money to buy treasuries and other securities. But …

Last time around, the Fed printed $1.7 trillion in new paper money, and it still wasn’t enough.

My point: Anyone who really believes that the Fed will only print a mere $600 billion this time is missing the point. It will take many times that amount to buy Obama a second term! The bottom line …

Every dollar you earn and own is about to be gutted of its value.

Even just the dollars the Fed has printed so far are ALREADY driving the price of essential everyday items through the roof.

Just since last July, margarine prices have risen 6 percent. Women’s dresses are up 6 percent. Beer is up 6 percent. Milk prices have risen 6.5 percent. Candy is 13 percent more expensive. Butter is up 19 percent. Shoes are up a whopping 45 percent. All in just over four months!

Now, with the Fed set to flood the world with unbacked paper dollars, it’s time to get ready for even greater destruction of your buying power … an all-out assault on your standard of living … a brutal frontal attack on your financial security.

Plus, this sea change in the management of the U.S. economy will have an enormous impact on every investment market. It will impact stocks … bonds … foreign currencies … precious metals … oil and other commodities, especially food.

And by doing so, it will create some of the greatest profit opportunities any of us has ever seen.

Our next new presentation to help you profit is just days away!

As you read this, we’re working nonstop on a brand-new presentation entitled “The $3 Trillion Lie.”

In it, we show you precisely HOW this destruction of the dollar will affect the investment markets. And we also show you how much you could earn by making the right moves now.

We’ll send you a special email inviting you to view this crucial strategy update within the next few days. So be sure to watch your inbox!

Best wishes,

Larry

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