A New Banker Bailout Disguised As QE3: Another Latest Huge Transfer of Wealth from the Middle Class to the Elite in US

While Ben Bernanke’s announcement that the Federal Reserve will embark on an open ended scheme to purchase $40 billion in mortgage-backed securities each month has been touted by the establishment media as the beginning of “QE3″ it is in fact nothing less than another banker bailout in disguise. While many have rightly attacked the Fed’s policy of printing money as a band aid that does little to solve the economy in the long term, this new move isn’t even about that. The policy announced yesterday will merely see the Fed use taxpayer money to purchase more bad debt in the form of junk mortgage-backed derivative based securities that have been sold over and over again. This has nothing to do with getting the economy going again and will only serve as yet another huge wealth transfer from the middle class to the elite. While the fed claims the move will facilitate more lending it will do nothing of the sort. As the China Securities Journal reports today, “QE3 is not likely to result in more loans.”

Was U.S. Ambassador Lynched? Attack on U.S. Consulate Illustrates Disastrous Outcome of Obama’s “Humanitarian Intervention” in Libya

Despite initial reports suggesting he died in a rocket attack on the U.S. Consulate in Benghazi, photos appear to indicate that U.S. Ambassador J. Christopher Stevens was killed by a lynch mob, illustrating the disastrous consequences of the Obama administration’s military intervention in Libya – arming some of the very same men who carried out today’s attack. “The US ambassador to Libya, Christopher Stevens, has been killed in a rocket attack in the eastern city of Benghazi along with three other embassy staff, the White House confirmed on Wednesday,” reports France 24. However, images released in the hours after the attack show Stevens’ body being paraded around by a mob. The body appears to show signs of torture.