Weekly lay-offs in the U.S. rose to their highest level in 2 months, exceeding the highest estimate by the “experts”. This number itself is highly fictionalized, as the actual lay-off numbers are suppressed with phony “seasonal adjustments” – just as the BLS does with its monthly reports.

Speaking of the monthly reports, last month’s (ultra-fraudulent) jobs number was still much worse than the supposed experts expected, while more than 20,000 fantasy-jobs were shaved off of July’s jobs report when it was “revised” downward. This is the context as B.S. Bernanke and the rest of the Fed-heads climbed down from their mountain today and addressed the world with another “announcement.”

The result? Another $500 billion per year in money-printing, “open-ended” – meaning $500 billion every year. Note that unlike in Europe where the money-printing is being done to buy-up government bonds, U.S. money-printing is to be nothing but buying the worst financial feces from the balance sheets of the Big Banks. This means that there isn’t even any theoretical way in which this could “help the unemployed”. It is nothing but $500 billion more per year in Big Bank Welfare – and thus it is totally inflationary money-printing.

Yet with both Europe and the U.S. launching unlimited money-printing (and committing the West to hyperinflation) amazingly the gold and silver markets are (seemingly stagnant). What’s going on?

The myth being circulated by the media is because all of this money-printing had been “telegraphed” by the propaganda machine for the past week that it was already priced into the market. However, it can’t be “priced into the market” when prices have not risen in response to these developments.

We must also suspect that (behind the scenes) the bankers are exerting maximum force (i.e. fraud) upon the gold and silver markets in order to temporarily contain prices at their new level. Anecdotal evidence indicating acute backwardation in both the gold and silver markets supports this view, as it is often indicative of a market which is highly-stressed by manipulation.

Alternately, some commmentators have suggested that the Big Buyers have adopted a new “Buy on Fridays” strategy – apparently as a tactic to avoid the end-of-the-week massacres for which the banksters are notorious. Under the heading of “the best defense is a good offense”, it’s pretty hard for the banksters to launch a Friday ambush - as the shorts are getting blown out of the water with heavy, concerted buying.

It will be interesting to watch the price-action tomorrow…

 

Jobless Claims in U.S. Rise to Highest in Two Months: Economy

http://www.bloomberg.com/news/2012-09-13/jobless-claims-in-u-s-increased-more-than-forecast-last-week.html

The number of Americans who filed applications for unemployment benefits last week rose to the highest in almost two months, highlighting the Federal Reserve’s view that a stagnant labor market is impeding the recovery.

Fed Chairman Ben S. Bernanke called [this] a grave concern, [and] may persuade policy makers today to take new steps to bolster the world’s biggest economy.

Fed to launch QE3 of $40 billion MBS each month

http://www.marketwatch.com/story/fed-to-launch-qe3-of-40-billion-mbs-each-month-2012-09-13

By an 11-to-1 vote, the Federal Reserve on Thursday decided to launch a new program of open-ended bond purchases – so-called QE3 – saying it will buy $40 billion of agency mortgage-backed securities each month, starting Friday…

Posted in News By

Jeff Nielson