Everything (g)Old is New Again: What QE4 Means For You

by | Oct 20, 2019 | Newsletter | 49 comments

After years of denials by the Fed and its minions in the controlled corporate media, the Federal Reserve had to admit this week that it’s beginning its fourth round of so-called “quantitative easing” (QE4) since the Lehman collapse and ensuing financial crisis over a decade ago.

. . . Well, sort of. They certainly aren’t calling it “quantitative easing.” Instead, as you might expect, they’re couching this new round of phony-baloney paper promise printing in the language of financial gobbledygook that’s guaranteed to get the public dozing off to sleep before they finishing the first paragraph. Observe the New York Fed’s press release on the subject:

“In light of recent and expected increases in the Federal Reserve’s non-reserve liabilities, the Federal Open Market Committee (FOMC) directed the Desk, effective October 15, 2019, to purchase Treasury bills at least into the second quarter of next year to maintain over time ample reserve balances at or above the level that prevailed in early September 2019. The Committee also directed the Desk to conduct term and overnight repurchase agreement operations (repos) at least through January of next year to ensure that the supply of reserves remains ample even during periods of sharp increases in non-reserve liabilities, and to mitigate the risk of money market pressures that could adversely affect policy zzzzzzzzzzzzz.”

See what I mean?

So what does this policy mean in plain English? Why is it being done now? And how will it impact you? Glad you asked!

Learn all about QE4 and what it means for you in this week’s edition of The Corbett Report Subscriber. Also, don’t miss this month’s subscriber exclusive video in which James Evan Pilato answers the timeless question: “What’s in your bag?”

For free access to this editorial, please CLICK HERE.

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