Saving YOU is NOT the FED's goal!.................from Rico

Ignoring all the 'happy talk' and mindless drivel on FTV and in the MSM about QE-III, let's be serious instead.

QE so far has seen falling median incomes for four consecutive years, unemployment unaffected (except in the dope-addled mind of the current misAdministration), and the housing market unchanged.
- It's idiocy to expect anything other than more of the same, except maybe a worsening.

WHY?

Because saving the man on the street, is NOT the purpose or goal. Not the FED's and not the ECB's.
- Throwing a few trillion of taxpayer's Dollars to facilitate the Banks dumping their MBS and getting more than they are really worth is the goal. [Read: saving the Banks]. The vague "hope" that somehow jobs will be created is a false-flag and cruel joke to 'sell' this scheme. Focus. Watch the money and ignore the talk. The reason is to save the Banks, and you are not the Banks.
- The Banks have been saved from bankruptcy, and the S&P from slipping beneath the waves, by the Central Banks providing them unlimited access to everyone ELSE's cash....and YOU average guy, are losing your home, your job, a chunk of your paycheck, your benefits and pension to accomplish this Bank rescue, all because some unelected and unaccountable people in suits act and talk like they know what they are doing. Well, they actually DO, and they know they are not helping you but the TBTF-TBTP Banks.

The BIG picture.
Like modern art, sometimes it's important to step back from the details and truly look at the BIG picture.
- Look at this chart of purchasing power in major currencies vs. Gold for a moment. If you held ANY major currency you LOST purchasing power (although the Swissie is the cleanest shirt in the dirty laundry) thanks to the Central Banks. Look for 1971. Then look at Gold.