somebody's got some explaining to do!

derryb

$600 Billion of QE 2 went to European Banks!

This should slow down more QE. If so, not good for PMs.

gsa1fan

600 billion was the total amount of QE2.

QE 2

derryb

QE2 spending included the planned $600B plus $300B in purchases from reinvesting principle payments from Fed agency debt and mortgage portfolio for a total of $900B.

roadrunner

EU and Asian banks are intertwined in our otc derivative's mess. And not helping to keep them afloat has serious consequences to our own derivatives and the health of the US dollar.

That's why we helped them to the tunes of $Trillions and apparently continuing to do it today. If US banks were some of the winners on those otc derivative's bets, it would not be
surprising that some of this QE money was sent right back to JPM, GS, etc. coffers. In other words we gave the foreign banks the cash to pay off their "scam induced" losses owed to
our own TBTF banks.

roadrunner

derryb

Point being: The QE2 funds didn't get into the hands of Americans to help the econonmy as was sold to the public.

roadrunner

Anything can in the short term can be considered a negative for gold, even a lack of QE or slight bump in the FED lending rates. But it's not QE2 or QE3 that is the ultimate driver for
PM's. It's still real interest rates, sovereign debt, and the confidence in govt fiat currencies. QE is nice to have at times but it's not a requirement for longer term rising PM prices.

Sovereign debts need to be fully balanced out every few decades to eliminate the dislocations that have occured. That's what the price of gold is for. And in our current case it's the
numerous dislocations across many markets caused by >$1 QUAD in otc derivatives that needs to be corrected.

roadrunner

jmski52

Point 2 - It's all nebulous, pie-in-the-sky, nefarious, behind-the-back sleight-of-hand hocus-pocus.

{{{{<<<The Money Isn't Real>>>}}}}

If this continuing BS doesn't convince you to buy something real - like precious metals, nothing will.