QE Infinity: Fed Buying More Toxic Assets From Banks Will NOT Help Main StreetEric Blair As stated in the FMOC press release: If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability. Of course this move to foster maximum employment and price stability does nothing to directly help job creation, and will continue to hurt main street by inflating the price of everything purchased by dollars. Yet it will clearly reward the investor class who already own most of the dollar-based assets. The theory is that by removing toxic assets from the banks books they have more liquidity to offer more credit, or to purchase more government debt. Somehow this is supposed to trickle down and help improve unemployment, which real numbers show to be in the 20% range when all factors are considered. After a combined $2.3 trillion from QE1($1.7T)and QE2($600B), plus over $16 trillion is secret bailouts to recapitalize banks with absolutely no measurable improvement in the economy, how could any thinking person believe this policy will be beneficial? It is soblatantlya policy that will steal from the poor to give to the rich. It also makes one wonderhow can the government cry poor when it comes to paying for food stamps, healthcare, education, and other benefits for the needy when they have endless trillions to prop up the banksters? Significantly, this announcement comes on the heels of a census report that shows median incomes have fallen to levels of the late 1960s and early 70s. Of course, the mainstream version is theyve only fallen to 1989 levels, which is hardly any better. This policy is an absolute disgrace and represents the final looting of the American people. There will simply be nothing left to the value of the dollar, and all of the important assets will be funneled straight up to the elite banksters. You think you are slaves now? Just wait. Read other articles by Eric Blair HERE 