Operation Twist and Shout: Fed Launches Stealth Attack On Pensions

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Kurt Nimmo
Prison Planet.com
September 22, 2011

As predicted, the Federal Reserve has decided to foist QE 3 on America, but instead of naming it after its dismal failure siblings, the non-government agency is calling it “Operation Twist,” which is basically twisting the bond yield curve by snatching up longer dated bonds.

Peter Schiff breaks down Operation Twist.

The Fed will purchase $400 billion of Treasuries with maturities between 6 and 30 years before the end of June 2012 and will sell the same amount with maturities of 3 years or less.

“This is an agreement to continue QE2 in a low-grade way,” Tad Rivelle, chief investment officer for fixed income at TCW, told CNN.

Not surprisingly – because the financial elite always tell us stuff way in advance – this represents nothing short of an under-handed attack on pension funds.

“There’s a stealth attack on and I think it’s going to be very bad news for many pension funds,” said Bengt Saelensminde of MoneyWeek. “This is going to hit our pension fund industry hard. Frankly, it’s the last thing the industry needs. I’d go as far as to say that this could be the straw that breaks the camel’s back for many of our already struggling funds.”

  • A d v e r t i s e m e n t
  • Operation Twist and Shout: Fed Launches Stealth Attack On Pensions

The attack against people on fixed incomes and retirees began several years ago in earnest. In October of 2008, Congress’ top budget analyst estimated that Americans’ retirement plans lost as much as $2 trillion in a fifteen month period. Bernanke’s latest bogus effort to “stimulate” the economy will accelerate the pace considerably.

The establishment media admits the Fed is going after old folks: “The Federal Reserve’s ‘Operation Twist’ to bring down bond yields and stimulate the economy is likely to cause pain for the nation’s largest pension funds, already struggling with funding shortfalls from the recent stock market decline,” Reuters reports today.

In order to add insult to pain, the Fed also said there is “significant downside risks to the economic outlook, including strains in global financial markets.”

In other words, QE1 and its sick brother QE2 did nothing beyond expand the money supply and add to the pace of inflation now gaining momentum. As Ron Paul has noted, inflation is created by the private bankster-owned Federal Reserve and represents a hidden tax on the American people.

In addition to sabotaging pensions (and lowering the life expectancy of millions), the Fed is once again gifting the hedge fund racketeers who are increasingly getting retirement fund allocations to take bigger risks to offset lower fixed portfolio returns, as Money Morning notes.

Instead of merely calling this thing “Operation Twist,” let’s call it “Operation Twist and Shout” because by the time the Fed and the globalists are finished with us, we’l


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33 Responses to “Operation Twist and Shout: Fed Launches Stealth Attack On Pensions”

  1. Rev’s Jester Jackson and Shakedown Sharpton have said for decades that what needs to be done is for all IRAs Keoghs 401ks to be liquidated and the money used to give jobs to their “inner city” peeps.

    BYTHETWILIGHTdotNET Reply:
    September 22nd, 2011 at 2:13 pm

    Bond markets are ironically the lowest yield and this will definately make markets plummet. I was under assumption that the federal reserve somehow control and influence the bond market. The treasury? They’re really just buying their own debt and it’s ridiculous.

    Beyond ridiculous, it’s a coverup, it needs to be said, Schiff needs to get up and just say it, although he does an excellent job at what he does already.

    BYTHETWILIGHTdotNET Reply:
    September 22nd, 2011 at 2:28 pm

    Operation Twist is ironically and symbolically the killing blow for the American system.

    I like Peter Schiff’s article title Operation Twist will really hurt.

    Hah…

    dhsn Reply:
    September 22nd, 2011 at 2:47 pm

    Twi, it’s intentional. Them buying their own debt is a way for them to prove that they are owed so much that they can foreclose on the entire country and own all the land. They’ve done a little bit of it in re: Greece. The country of Greece gave up entire ISLANDS to the banksters to stave off/pay off the debt bomb. That was the test run, we’re later on the menu.
    When they get the National Parks they’ll have huge tracts of isolated territory that’s supremely defensible, they can sit out Armageddon in stockpiled comfort.

    Kwai Chang Reply:
    September 22nd, 2011 at 4:20 pm

    more debt is just another way to justify your existense…
    Ben should have been a surfer…long wave
    (and Peter forgot his name tag again…check his backboard)

  2. Nah, no Twist and shout.

    More like “Proper Twist and Shoot”

  3. When you twist too many times….you bust.

  4. I WONT SHED A TEAR OVER THIS, I DIDNT SLAVE MY LIFE AWAY FOR TRAITORS ONLY TO HAVE MY RETIRMENT STOLEN FROM ME.

    I COULD CARE A LESS.

    TOO BAD, SOO SAD I SAY.

    HA HA HA HA ..

    Sam_Wheat Reply:
    September 22nd, 2011 at 3:08 pm

    hoaxie (as that is whom you are),

    Grow up.

    Super Duper Man 1776 Reply:
    September 22nd, 2011 at 3:11 pm

    DUDE, GO FK YOURSELF YOU FA GGOT PUSSY BUTT LICKER.

    Sam_Wheat Reply:
    September 22nd, 2011 at 3:48 pm

    Is that the extant of your vocabulary, hoaxie?

    Super Duper Man 1776 Reply:
    September 22nd, 2011 at 4:29 pm

    I’M NOT HOAX DUMBASS. MY GOD ARE YOU THAT FKEN STUPID.
    I HAPPEN TO WRITE IN CAPS AND SO I’M HOAX.

    I NOW KNOW FOR A FACT YOU ARE A RECENT CONVERT DUMBASS CLINTON FAN.

    I JUST KNOW IT !

    SIMPLY PETHETIC.

  5. Bernanke and his partners in crime The Rothschild Family are bent on taking us down from within, bankrupting us and then claim they will fix it with a cashless society where you will have to accept the mark of the beast. There’s a place for people like them, it’s called HELL!!

    Sam_Wheat Reply:
    September 22nd, 2011 at 3:49 pm

    What proof do you have of Rothschild family complicity?

    Alex Jones will not do.

    Super Duper Man 1776 Reply:
    September 22nd, 2011 at 4:31 pm

    proof do you have of Rothschild family complicity?

    ALL I CAN SAY IS

    HA HA HA HA

    STUPID FKEN DUMBASS.

    YOU JUST PROVED YOU DONT KNOW JAK FKEN SQUAT.

    Kwai Chang Reply:
    September 22nd, 2011 at 4:23 pm

    a cashless society will never exist…
    (that’s crime’s bread and butter)

    Super Duper Man 1776 Reply:
    September 22nd, 2011 at 4:31 pm

    A BOOT LEG CURRENCY ( METALS ) WILL RISE FROM THE ASHES.

    HA HA HA

    THE FOOLS.

  6. Our elders, they won’t need the pension money. Death Panels and Obamacare will make sure of that, not to mention the price of oil and food will kill them, especially in Winter. And they won’t have any children thanks to Monsanto, the culture of death, and working to death. And even if they do their children will have such heavy student debts and other expenses that taking care of their parents becomes too much.

    Remember the Commandment:
    Honor your mother and father.

    Some honoring! Thanks Obama for fixing our wagons NOT

    Sam_Wheat Reply:
    September 22nd, 2011 at 3:49 pm

    LOL!

  7. Remember the commandment? Those who created, and now run this country, did not and do not honor the commandments of God, or the commandments of Christ, and they never have!

    Tom Reply:
    September 22nd, 2011 at 3:14 pm

    Originally the Founding Fathers based this country on moral values. We’ve come a long way from that. Boy, howdy.

    Sam_Wheat Reply:
    September 22nd, 2011 at 3:50 pm

    So true.

    Do these people really THINK that Hell will be a paradise?

    Kwai Chang Reply:
    September 22nd, 2011 at 4:26 pm

    Don’t forget that big moral value…
    land ownership

    Matzo Man Reply:
    September 22nd, 2011 at 3:25 pm

    If no one else does, we should remember.
    They can read it here, to their shame.

    Sam_Wheat Reply:
    September 22nd, 2011 at 3:51 pm

    Matzo,

    They have no shame, only pride.

    dhsn Reply:
    September 22nd, 2011 at 4:18 pm

    Only pride? I think they got lotsa cash too.

  8. When the government is telling us they need more money, they are only lying; simple as that ! You can show me tracks and graphs of spending, but you are not showing us what you are automatically making.! I won’t stand for it, and I will not associate with liars !

  9. DONT WORRY, I PLACED A YELLOW PAGE AD AND I’LL BE PREZ IN 12 MONTHS AND I’LL CLEAN HOUSE.

    Sam_Wheat Reply:
    September 22nd, 2011 at 3:51 pm

    Could you say that a little louder, hoaxie?

    I didn’t quite hear it.

  10. Just what has to be stolen from us before we rise up. The xbox? The bong?

    Sam_Wheat Reply:
    September 22nd, 2011 at 3:52 pm

    Our children.

    Our lives.

    dhsn Reply:
    September 22nd, 2011 at 4:20 pm

    Some will never rise up.

    Kwai Chang Reply:
    September 22nd, 2011 at 4:28 pm

    @Tom…
    those are probably in the top ten…

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