“Post-taper” time is an absence of absence:

QE is not over actually the process of a globalization of QE via the European Central Bank (ECB) and Bank of Japan (BOJ).

In the US the monetary expansion is operated by the  major private bank members, especially JPMorgan.

Only cheap money and the artificial inflation of asset values can make it appear temporarily healthy.

Financial system has failed and remains a threat to us all.

Pass-the-debt-ponzi-scheme co-engineered by the Fed and big US bank beneficiaries.

That debt, caught in the crossfires of this central-private bank arrangement, is still doing nothing for American citizens or the broader national or global economy.

Fed is already the largest hedge fund in the world, with a book of $4.5 trillion of assets.They too are amassing additional risk with respect to interest rates rising.

The notion that Fed policy has helped bankers, rather than other people, remains largely divorced from bi-partisan political discussion.

Central-private bank collusion fire, is the fact that the Fed is a paying client of the JPM Chase.

They hold more trading assets than any other US bank website www.BankRegData.com, nearly 97% of all bank trading assets. led by JPM Chase with 43.80% and followed by Citigroup at 24.51% of all bank trading assets.

US Treasuries were the fastest growing form of security bought by banks Fed-private bank QE game

Banks have added $185.8 billion of US Treasuries to their books, more than doubling their share of government debt.

Bank of NY Mellon holds $25.3 billion and JPM Chase holds $15 billion US Treasuries.

Banks take deposits from individuals for which they pay close to zero in interest, in fact, charge customers fees for keeping their money

They can turn that around to make a cool risk-free 2.3% by parking the money in 10-year US Treasuries.

When the US government is providing such a great deal? Recent timing here is key.

At www.BankRegData.com makes clear, there has been no taper. Wells Fargo and Bank of America matched Fed purchases of US Treasuries, keeping the total amount of US Treasuries in QE land neutral

Banks haven’t even propped up the labor market in their own industry. They chopped 11,400 jobs last quarter. In the past two years, they cut 57,236 jobs.

Speculation, once left to individuals and investors, is now federally sponsored, subsidized and institutionalized.

Rates do eventually rise, the stock market will tank, liquidity will die, and the broader economy will plunge into a worse Depression than before.

Coordinated moves and the political force behind them precarious path to that inevitability

Fonte: http://www.nomiprins.com/thoughts/2014/11/10/qe-isnt-dying-its-morphing.html