Well folks, it looks like $700 billion in quantitative easing just isn’t enough. Recall, this was only announced one week ago! So, here we are, one week later after the Fed’s 2nd emergency meeting, and we’re already through that $700 billion and/or it’s been determined during their 3rd emergency meeting that it wasn’t going to be enough. Well you ask, by how much did they increase QE? Great question. Answer: to the “amount needed.” That’s right, the Fed just wrote themselves a blank check to buy as much as they want and whatever they want. We have been warning that this “helicopter money” was coming and here it is – at least the first tranche. We’ve also been warning that the Fed would start to enter other markets than just Treasuries and mortgage-backed-securities (MBS). Well now they’re going to be purchasing corporate bonds – both directly from “credit worthy” companies, whatever that means, and also on the secondary market. They may even do this by purchasing ETFs too. This is beyond ridiculous and of course it has the blessing of our elected officials in Washington, DC. The same officials by the way that are working on a $2 trillion “stimulus” package. How is this to be paid for? That’s right, with trillion dollar deficits that need to be paid back by the very same taxpayers who are bailing themselves out. This would truly be laughable if it wasn’t true. From free-market capitalism to nationalization. From free nation to bailout nation. From Constitutional Republic to banana republic. This madness must end or it will be the end of us. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Bailouts #Recession #USA #Republic #Constitution #EndTheFed #Congress #Gold #Debt