Economics and Investing:

Does anyone really believe this Pollyanna pie-in-the-sky nonsense now coming from the mainstream media? With QE3, We All Win — Poor and Rich Alike. What balderdash! Let’s face facts, folks: The Federal Reserve has backed itself into a corner. They can’t do anything that will trigger higher interest rates. So the only arrow left in their quiver is monetization (“quantitative easing” is the gentler, sugar-coated name.) Their brilliant plan is to re-inflate the housing bubble by buying up $40 billion per month, indefinitely, in mortgage derivatives using make-believe money. This pure fiat “money” is coming from their Sunshine Pump. I can only ask: How long can that continue? And how long will it be until our foreign creditors demand a higher rate of return to roll over their Treasury paper? Once interest rates rise, the party will be over. We will see a credit collapse and then a collapse of the US Dollar.

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Over at Dr. Housing Bubble: Betting the house with the Fed – Stock market at levels last seen in December of 2007 – Examining what has changed and impact of Federal Reserve on housing. QE3 preemptive strike on fiscal cliff?

At Libya – Doomed from Day One

Seeking Alpha‘s analysis: 324 Years Of The Gold-To-Silver Ratio And $195 Silver

Items from The Economatrix:

Gold & Silver Prices Today On Fire!

How The Financial Collapse Would Happen In An Obama Second Term

US Jobless Claims Rise To Highest In Two Months

Fed Bets Big In New Push To Rescue Economy.