Just As WSI Warned – Bernanke’s Obama FED Bailout Already Underway

Nearly two months ago a longtime Wall Street Insider warned that FED Chairman Ben Bernanke would initiate an attempted QE3 bailout of the Obama campaign to help Barack Obama win re-election in November.  It appears that bailout has already been initiated…

EXCERPT:

Jim Rogers: Fed Has Already Begun QE3 to Avoid ‘Egg on Their Face’

International investor Jim Rogers says that the Federal Reserve is secretly printing money to avoid “getting egg on their face again” after previous attempts to kick-start the faltering economy with more than $2 trillion of quantitative easing failed.

Two previous rounds of quantitative easing (QE1 and QE2) pumped a collective $2.3 trillion into the economy and Fed officials say they remained poised to roll out a third round (QE3) if recovery doesn’t gain steam.

Don’t wait for that announcement to occur.

“I do not know if they will announce it. I know they are going to print more money. They already are,” Rogers told India’s Economic Times.

…”They may just continue to do it without getting egg on their face again, but they are going to print money, they are all going to print money. It is the wrong thing to do, but that is all they know to do.”

LINK

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H/T to Dhaval Sheth

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22 Comments to Just As WSI Warned – Bernanke’s Obama FED Bailout Already Underway
    • CHHR, VA
    • Interesting, but how does printing play money prevent egg on the face? Doesn’t third strike mean anything at all?

      BTW: apparently, according to OpenSecrets.org, not a single member of the Congressional Black Caucus has donated to Obama’s 2012 re-election campaign… so either the polling must be off or that NBC poll that claimed 0% of blacks support republicans should have actually read 0% blacks support the democrats…?

      • justawhoaman
      • There no longer is “printing money”. They are manufacturing 0-1′s over and over again… as in computer manufactured money into their “larder”. All they are doing is bringing the dollar down to what they want the real value to be…. the 0… ZERO. Nadda nil nothing starvation begging crisis more begging…. Meanwhile, the market responds with hoping to hope they make enough interest IN the market to make a killing on microsecond computer trades.

        Spain has reluctantly agreed to bail out their biggest bank that failed last week (Spaniards sent their money, if they got it in time, to newly opened German accounts) and the country will soon be screaming that they are out of money. This Bernanke move will send us to the same place… so either Ozero gets to proclaim martial law for all the misery of a full blown (realized) Depression… or Romney will get it and make the GOP look bad. He can blame Obozo all he wants… it will still be on his watch.

        Why aren’t all these people in prison? They monetized OUR debt which they were not allowed to do… did an Animal Farm move to change the language but they are still in violation of OUR laws!

        I don’t think I will have any hair on my head by November 6th!

        • ThroughtheLookingGlass
        • I just want to know what they did with all the trillions in debt they incurred. Where did the money go? Seriously, all the ‘missing’ money from MF Global, etc., where did it go? Whose pockets are lined with the taxpayers money and money the taxpayers will pay off? Up Barry’s nose? Up in smoke? WHERE is it? Someone’s soon to be home in Hawaii? Der Ruler’s vacastions? Is that where it went? Pay back is a bitch. Let him pay for his own secret service security and pension for the rest of his miserable life. I want the taxpayers’ money back and the country, too.

          • R. J.
          • J P Morgan has MF Global’s money…

            Btw, QE never stopped because it can never stop. As soon as it does, it is game over. There is no way out of this…it is hopeless.

          • R. J.
          • You also need to understand the term “rehypothiscation” and how it makes the same asset able to be used to collateralize endless debt. Take the metals market for instance, what is being traded is paper not gold or silver. For every 100 oz. Of paper silver or gold that is traded in the Comex there is likely only 1 physical oz. Backing them, meaning 99 other customers are sol if all of them actually want to take delivery.

            This is just a thumbnail sketch of the magnitude of the problem but basically all you need to know is that the world’s financial system is leveraged beyond comprehension and much of the bets placed by the major financial central banks and brokerage firms have gone horribly bad. Leverage can make you lots of money when you bet the right way, but it will destroy you if you bet the wrong way. All of the money is going to keep the central banks (which are all completely insolvent) afloat. It is a farce and will fail, in the end…

      • Obeline
      • This could definitely backfire – but like so many other destructive ploys by His Odiousness, at the expense of the American people.

        Scorched earth may have already begun domestically and abroad.

    • AmericatheBeautiful
    • Rising oil prices reflect the expected and coming QE3…as it is a further devaluation of the dollar…

      Seniors living on pensions wont have to worry about Obamacare…his policies will starve them to death.

      Jim Rogers, Soros’ long ago partner… could do better by commenting on Obama’s destruction of the USA , the dollar, and our economy….Like many super rich he’s moved to Singapore…where its open for business

      • AmericaTheBeautiful
      • No different guys…

        Brennan, as we’ve discussed is a direct link to so much of what is wrong…why haven’t others outed him…he was quickly fired under Bush…there must be more to be covered. Can UM get something on Brennan? His name was pulled from Senate confirmation so as not to publicly vet him..Where’s the beef?

        OT…
        watch the video of Brennan, Part II in the first minute is a tell…watch his face re the firefight…he is lying…

        Part III talking of the burial he gets rattled…he knows people will question the right to the rites of a Muslim burial…many have suggested Brennan became Muslim while Saudi station chief….

        http://republicanredefined.com/2011/05/02/john-brennan-white-house-briefing-on-osama-bin-laden-kill-capture-operation-burial/

        The Seals killed in Afganistan made no sense ….to put them all on that dogearred craft to what turned out to be a bogus mission..lWonder how often 21 members of Seal Team Six get on the same craft…when so many were list here at one time…Payback is the videos they’re releasing…and the book hitting the shelves. Owen has guts

        ….The depicable Clinton explaining the risk Obama took…. because the Seals could have gone down or been killed or captured and that would have reflected badly on Obama …..is the height of the twisted mind of a sociopath –malignant narcisisst …no care whatsoever about the death of our precious brave soldiers..just .puke worthy as usual for what used to be the Democrat party…now the Communist Party.

        • ITYS
        • ATB isn’t Brennan also the guy whose security company was behind the 2008 stealing of the state dept/passport records of Obama, Hillary and McCain (HRC – McCain was just to make it look like it was about all the candidates when it was really about removing Obama’s records) and then the fella implicated/involved turned up dead in DC????? Also Pat Caddell fingered Brennan about his running his mouth and ack of security credentials for his role – big surprise, another unqualified bureaucrat!!!!

    • Charlotte
    • I believe that Brennan converted to Islam. I have always said so. This brings up the question then that Obama knew when he appointed him. Obviously then Obama IS a Muslim too and has surrounded himself with them in the White House.

    • Name Nancy
    • I ALWAYS WONDERED HOW THE GERMAN PEOPLE, WHO WERE THE MOST EDUCATED & CULTURED PEOPLE IN EUROPE FELL FOR THE SPEECHMAKER TOTALITARIAN DICTATOR?

      NOW I HAVE A FRONT ROW SEAT TO AMERICANS ACTUALLY GIVING UP THEIR RIGHTS FOR BREAD & CIRCUSES BECAUSE THEY CANNOT BELIEVE THAT BO & HIS PUPPETEERS MEAN TO DO THEM HARM..

      BIG BEN SHOULD REALIZE THAT AFTER WE PRINT MONEY, WE WILL NEED A BARROWFUL OF MONEY TO BUY A LOAF OF BREAD. THAT JERK SHOULD READ A LITTLE HISTORY – HE’S ALREADY FORGOTTEN ECONOMICS SO MUCH SO THAT HE’S INFLATING MONEY UNTIL THE BALOON POPS. AND WE LIVE IN A FASCIST STATE.

      BTW, MOO-SHEL IS PLANNING TO TAKE OVER THE GROCERY STORES – WOULD MALCOLM X APPROVE?

    • lovelypeace
    • I find it interesting that this is being done in secret.

      Only liars and thieves work in the dark.

      Very telling as to who these people really are. (As if we already didn’t know!)

      I know that some of us keep saying it, but it’s true, we’ve really got to be praying for our country and the people in it. We can’t mimic our neighbors and be apathetic.

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