Here is a link to the official release of the Fed’s FOMC meeting which took place on September 21st, 2011.
Depending on how you interpret our monetary system, it is merely an attempt to explain the creative accounting that has been going on to buy more time for the global financial system to recover.
At this point, one has to wonder if they are just buying themselves more time to prepare and shift money to places where the powers that be will escape to…
An excerpt from the released minutes… explaining that there were three options being considered, one and two being operation twist, and i’m sure with the third to follow. Third option will officially be QE3, it will be the same by any other name.
“The presentation first reviewed three options for managing the size and composition of the SOMA portfolio:
a reinvestment maturity extension program,
a SOMA portfolio maturity extension program,
and a large-scale asset purchase program.”