So Much For QE2: The Market Indexed For Dollar Devaluation Is Now Back To Jackson Hole Levels

Tyler Durden's picture

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VisualCSharp's picture

If QE2 failed so spectacularly as you indicate, what good could QE3 possibly do? Will it be "different this time?"

CrankItTo11's picture

Failing spectacularly is the only thing central planners know how to do.

Ahmeexnal's picture

nikkei is getting nuked too

and yet, the sheeple refuse to wake up

true story.  some dude tried to get a response from the sheeple while he informed them of the evils of industrialized food and the big corporations that profit from poisoning the sheeple.  absolutely no response. he pressed on until an old fart starts getting aggro. old fart stars spewing shit like "so you think you are better than us? leave us alone, let us be"

i watched the scene and took notes. when TSHTF, the sheeple will not rise up. they will comply. they will obey. the sheeple WILL TURN YOU IN. the sheeple WILL CONFISCATE YOUR PMs. that's how it will work. no need for the police state to send troopers to each and every home. THE SHEEPLE WILL DO IT FOR THEM. then the sheeple will trade an ounce of gold for a month of cable tv, a case of beer, an ipod, etc.

you think this is far fetched? THIS HAS HAPPENED BEFORE.

spiral_eyes's picture

QE Infinity is a Dead Issue. It was set in stone long ago. Here's the live issue:

http://azizonomics.com/2011/08/07/why-qe3-is-a-dead-issue/

nom nom nom nom nom delicious treasury bonds/ ipad 

JimBowie1958's picture

So how long before nations bail on the US$?

A year? A few months?

Seems we dont have much time left.

Iriestx's picture

Who said QE2 failed?  It moved trillions of your, your children's and your grand children's money into the hands of a few ultra-wealthy elite.  It succeeded spectacularly, and QE3 will do more of the same.

firefighter302's picture

Indeed.

Failure or success is a matter of perspective.

 

CrankItTo11's picture

True, true. Fundamental Transformation.

Harlequin001's picture

Yes, if they don't print then the value of pension and retirement funds goes down along with bank deposits and everything else causing riots and starvation. If they print the value ultimately will not but the money won't buy anything when you get it.

It's not about giving money to the uber wealthy, it's about stopping the great unwashed from rioting...

IQ 145's picture

So true. It's all a matter of whose Ox is getting gored; according to the old testament.

Troll Magnet's picture

Mission Accomplished, Bitchez!  (For banksters, that is.)

VisualCSharp's picture

I wonder what happened to our green- and red-colored arrow friends...

LookingWithAmazement's picture

Don't ask logical questions - we're dealing here with politics and central banking.

macholatte's picture

 

If QE2 failed so spectacularly as you indicate, what good could QE3 possibly do?

 

the can, my man, keep your eye on the can.

          QE2 was a magnificent success. It bought time.

 

You can't be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer.
Frank Zappa

IQ 145's picture

Do the French have a National Beer? I can't remember; and I've been suspicious about them for awhile now. It sounds to me like a made up language, too; like they just make sounds, youi know and then guess?

mnevins2's picture

Hey guys, aren't we looking past all of the "green shoots" out there?  Where?  Ask Harry Wanger!  Leo, Leo - opinion?

High Plains Drifter's picture

leo is out of the office this evening. he went out drinking beer and chasing skirt............

Terra-Firma's picture

...and so the class war begins. The fuse is lit.

AustrianEconomist's picture

The whole fiat system of only 40 years age does not stand a chance when it comes to a store a value as gold, which has been around for thousands of years and represents sound money rather than worthless paper.

Check out the latest from the Capital Research Institute (CRI)

It’s Time for Sound Money

gorillaonyourback's picture

race is on and here comes pride(dollar) in the backstretch, heartache(euro) comin to the inside.  WHO CAN PRINT THE MOSTUS AND FASTEST

IQ 145's picture

And here comes Gold! Carrying weight, but she's a good mudder; pounding down the home straight; and yes, it's a win ! Against the odds !.

silvertrain's picture

401k statments will be arriving in the mail shortly..I wonder if people FEEL more wealthy?

natty's picture

The Texans have taken a big step towards improving their 32nd-ranked pass defense, agreeing to terms on a five-year deal with free agent cornerback Johnathan Joseph, Sports TV’s Adam Schefter reports. Johnathan Joseph will wear Albert Haynesworth Patriots Jersey and play for Houston Texans next five seasons. Joseph’s contract is worth $48.5 million, with 23.5 million guaranteed, and a $12.5 million signing bonus, complimentary of John McClain from the Houston Chronicle. A 2006 first-round pick out of South Carolina, Joseph has 272 tackles and 14 interceptions during his 67-game career. Joseph has returned three of those interceptions for touchdowns. Joseph will likely be paired with 2010 first-round pick Kareem Jackson to form the Texans’ starting cornerback duo. The Texans are moving Glover Quin from cornerback to free safety. Despite having plenty of cap under the salary cap, the Bengals declined to use the franchise tag on Joseph in February, clearing his path to unrestricted free agency. You can log on our Online NFL Shop and select our best quality Albert Haynesworth Patriots Jersey and Cheap Donovan McNabb Vikings jersey if you are true fans of Houston Texans.

macholatte's picture

not that funny this time, Natty.

IQ 145's picture

Let me get this straight; the team is named "The Houston Texans", right? That's really original, and thought provoking. Is that in case the little darlings forget where they live on the way to the stadium?

JimBowie1958's picture

No, it is a reflection of how Texans think of themselves. Teams usually pick some predator as a mascot like bears, eagles, falcons and raiders, though in some places like California some have made a joke of their mascots.

Some though choose their own members as mascots, like the Notre Dame 'Fighting Irish' or the Texas A&M Aggies (an Aggie being a student of the school).

Most Texans put themselves into the same kind of category as creatures of prey. For example, more Texans own more guns than the citizens of any other nation/state in the world.

Hope that helps you grasp the nature of this thing.

 

alexwest's picture

true,, only +2 trln more gov debt..
alx

AustrianEconomist's picture

The whole fiat system of only 40 years age does not stand a chance when it comes to a store a value as gold, which has been around for thousands of years and represents sound money rather than worthless paper.

Check out the latest from the Capital Research Institute (CRI)

It’s Time for Sound Money

Cursive's picture

He who owns the gold, makes the rules.  You can make it gold, silver or fiat.  As long as you let the government or a government-sancitioned monopoly control the currency, it will always end badly.

AustrianEconomist's picture

The whole fiat system of only 40 years age does not stand a chance when it comes to a store a value as gold, which has been around for thousands of years and represents sound money rather than worthless paper.

Check out the latest from the Capital Research Institute (CRI)

It’s Time for Sound Money

Prometheus418's picture

And Gold just broke $1700/oz.

PhattyBuoy's picture

Zerohedge on fire tonight ... !!

Re-Discovery's picture

Dont.  Please stop.  I'm having too much fun with the downgrade. 

Let's do QE3 next week so I can savor it.  I know, I know, you have to tell us in real time, but let's just pretend it's happening next week. 

I am about to overdose on "I'm right" with all my fiat holding friends

 

We are a frog's hair away from 1700 on gold

IQ 145's picture

Zero Hedge; "Rarely in the affairs of men, have so few been so right about so much".  Harrumph.

Irrational Exuberance's picture

The HP's are warmed up and the Credit Swap lines are open to the ECB.  The Fed is open for business!

macholatte's picture

 

Grab a barf bag before opening......

              http://www.cnbc.com/id/44051683

IQ 145's picture

I need one just to see your Avatar. It's making me all woozy.

Yen Cross's picture

 23 Kangaroos! and still hopping!

digalert's picture

Holy smokin fiat fritters, ZH is pumpin em out!

Riding on the edge of the global financial tsunami.

Yen Cross's picture

  You KICK ass!  Fruit bats are on the menu!

Irrational Exuberance's picture

I'm smelling a margin hike in gold futures!

IQ 145's picture

Dr. Greenspan, we've had quite enough of your portentious pontificating. You can go back to room now.