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Fed Ready to Print More Funny Money on QE3 Rumors
Posted By admin On June 1, 2011 @ 6:33 am In Featured Stories | Comments Disabled
Wednesday, June 1, 2011
Simon Maughn, co-head of European equities at MF Global, has told CNBC  that a third round of so-called quantitative easing is in the works. The private Federal Reserve will again become the marginal buyer of bonds.
The latest effort by the Fed to finance the government’s staggering deficit will end in June.
If the private Federal Reserve owned by offshore banksters stops this lending scheme, interest rates will rise significantly which in turn will exert tremendous pressure on the American public. If interest rates surge anytime soon, millions of indebted Americans may default on their debt, thereby bankrupting the American financial institutions, as Puru Saxena , founder of Puru Saxena Wealth Management, notes.
“The bond market is going in one direction which is up-falling yields which is telling you quite clearly the direction of economic travel is downwards. Downgrades. QE3 (a third round of quantitative easing) is coming,” Maughn told the business news network. “The bond markets are all smarter than us, and that’s exactly what the bond markets are telling me.”
“What’s interesting in the bond markets over the last couple of sessions is, you’ve seen human traders trying to step in and call this turn in the market the same way that equities have done … and they have just been mowed down by the quant funds which are all about leverage, all about momentum and are betting on bond prices going up,” Maughn said.
“One more big injection of cash into the bond market should take you through at least the summer season into the beginning of the fourth quarter.”
“That cash injection will have the normal inflationary knock-on impact, driving back up commodities, supporting industrial stocks, dragging the financials up with them… I think it’s all about the monetary injection trade,” Maughn told CNBC.
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URLs in this post:
 CNBC: http://www.cnbc.com/id/43233866
 Puru Saxena: http://www.marketoracle.co.uk/Article28351.html
 Brown plans to print more money amid fears rate cuts won’t work: http://www.prisonplanet.com/brown-plans-to-print-more-money-amid-fears-rate-cuts-wont-work.html
 Bank Governor Mervyn King defeated in bid to print even more money: http://www.prisonplanet.com/bank-governor-mervyn-king-defeated-in-bid-to-print-even-more-money.html
 Bilderberg Economist Says “Print Money ”: http://www.prisonplanet.com/bilderberg-economist-says-print-money.html
 IMF poised to print billions of dollars in ‘global quantitative easing’: http://www.prisonplanet.com/imf-poised-to-print-billions-of-dollars-in-global-quantitative-easing.html
 ‘We may need to print even MORE money’, Bank of England economist warns just days after £75billion cashflow is sanctioned: http://www.prisonplanet.com/we-may-need-to-print-even-more-money-bank-of-england-economist-warns-just-days-after-75billion-cashflow-is-sanctioned.html
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