Zero Hedge: “In a Fed Staff working paper released over the weekend titled “Gauging the Ability of the FOMC to Respond to Future Recessions” and penned by deputy director of the division of research and statistics at the Fed, the author concludes that “simulations of the FRB/US model of a severe recession suggest that large-scale asset purchases and forward guidance about the future path of the federal funds rate should be able to provide enough additional accommodation to fully compensate for a more limited [ability] to cut short-term interest rates in most, but probably not all, circumstances.”
In other words, the Fed is already factoring in a scenario in which a shock to the economy leads to additional QE of either $2 trillion, or in a worst case scenario, $4 trillion, effectively doubling the current size of the Fed’s balance sheet.”
Opinion: We have been saying since the (supposed) end of QE 3 in 2014, that QE 4 was coming because the economy is propped up on counterfeit money and has been since November 2008.
When the big one comes, economists will wonder why no one saw it coming. They will opine that the Fed had it wrong. That printing money was only delaying a bigger problem while making the rich much – much richer.
The Apostle John saw that coming 2000 years ago “do not hurt the oil and wine“; the rich represented by the oil and wine will be just fine in the first 3 years of the tribulation. (Rev 6:5-6)
Antichrist will have made a deal in the Middle East and a brief period of peace will come upon the world. The Church will have been gone and the world will happily accept the mastermind of the greatest deal ever made as a sort of messiah.
Everybody will be happy: Jews will have a temple, Arabs who survived the Psalm 87 and Gog and Magog wars will have a leader to follow, as will many who called themselves Christians but were left behind, similar to the days before the flood, Mat. 24:38.
But precisely 42 months after the peace deal is enforced, that same leader will walk into a rebuilt temple and declare himself god Daniel 9:27.
The next 42 months will be hell on earth – so much so that John warns everyone with one of the most frightening verses in the Bible for those who have refused the pardon that the cross of Christ provides:
“In those days men will seek death and will not find it; they will desire to die, and death will flee from them.” (Rev. 9:6)