QE3 - Third time lucky or... prolonged agony?

If you are like me you are probably jaded by current economic news the likes of  which reminds me of the movie “Groundhog day.”

In the movie the main character awakes to the very same day, no matter what he does that day, he is returned to the same starting point… the next day. The premise offers unlimited potential to have a different day, yet offers nothing in the way of a continued life experience.

It is possible that the seemingly endless stream of band aids applied to the hopelessly wounded global economic prospect have at least one definable effect, that of desensitizing and introducing stasis into the awareness of citizens at large, i.e. they have long ceased having an interest in the pantomime of successive false hopes.

No matter how many TARP, bail-out, or QE sequels are announced, the effect of them seems only to benefit the elites and power-mongering scourge that created the situation to begin with, while penalizing innocent citizens at large with higher unemployment, diminished personal economic opportunity combined with ever crushing taxation. These aspects have been covered extensively in prior posts.

A quick review of mainstream media reports the following…

Stocks, more than housing, seen as initial QE3 winners
Metals rally on QE3; silver outshines gold
Analysts divided on QE3’s effects on national economy
QE3 no substitute for a lasting cure
QE3 is irresponsible, says China official
Commodity prices soar as Fed launches QE3

I am supposing if you are hungrily scanning those headlines for signs of personal fiscal relief you won’t find it, unless of course you are one of the unscrupulous “feeders from misery” speculators who habitually aid and abet the continued hardships of the rest of us, indeed there seems to be no shortage of parasites sucking the last drops of honest folks retirement funds and modest saving accounts enabled by the ill-advised, reckless and contemptuous policy making of elitist New World Order proponents.

Each successive “announcement” is tantamount to the “day starting over again” much like the premise of ground hog day. Endless possibilities for the day, but no continued opportunity to build upon, the next day.

My assessment for the situationally aware, the global economic outlook is deepening in negative prospect and has yet to find bottom, social unrest will continue to fester and manifest disruption, shortages, rising prices and unemployment will define the New World Order economic model, which has usurped capitalism in favor of  ”debtism.”

As usual I advocate self-sufficiency and the forging of revised personal economic activity, barter, trade, swap, re-purpose and assist everyone within your circle of influence to “see” and respond to the obvious and continuing onslaught of pending hardships, which if viewed correctly may just become a unique opportunity to flush and replace the current inequitable and unsustainable socio-economic model with one having personal merit.

Stay tuned…