Syria Reveals Rise of Islam In America

From Ow.Ly TamiJ

Late August 2013, between 9% and 15% of Americans support U.S. intervention in the Syrian Civil war. Attacking Syria in retaliation for using chemical weapons on civilians does not seem to ring true since more than 100,000 people have died in that civil war. Syria is a situation exclusively handled by Hillary Clinton and President Barack Obama.

Doo Doo Economics, Scratching Post, Liberator Today, Canto Talk, Beers With Demo, Word Warrior and many of my tea party compatriots at the San Diego Local Order of Bloggers oppose war in Syria. There are very few social issues on which Americans unanimously agree, but this is one. America spent blood and treasure fighting al-Qaeda, we do not want to become al-Qaeda's air force after arming them in violation of international law.

As a refresher, al-Qaeda are Sunni Islamic extremists. Here is video of Syrian al-Nusra (al- Qaeda) rebels executing Shia, Alawite, truck drivers due to their religion. The battle for Islamic control between Sunni and Shia is far beyond the scope of a blog post. However, something happened on Twitter which shocked America. We need to closely review the fact that Sunni, Muslim Brotherhood, front man Luis Farrakhan seems to have come out AGAINST an attack on Syria.

To put this in context: Many Americans believe President Obama is Muslim. If true, would he be Shia or Sunni? From controversial blogger Lame Cherry:

What requires understanding in this is Kenyans are Sunni Muslims who Obama is born from. Indonesians are Sunni Muslims who Obama was adopted into. Malcolm Little or X was a convert to Sunni Islam who Obama learned to be black from according to David Remnick. Louis Farrakhan or Louis Eugene Walcott, who Obama had Walcott's followers intimidate reporters in Chicago moved the Nation of Islam Mooselums closer to Sunni theology.
Barack Obama Soetoro was financed by Saudi Sunni Islam, the same sects as Sheik bin Laden, for his schooling.
So to answer the question as to which branch of Islam that Obama's loyalties lay, the answer is he is a Sunni Muslim

In addition to the Lame Cherry statement, President Obama supported the "Arab Spring" in Egypt to the benefit of The Muslim Brotherhood. When the Brotherhood was ousted, the president spoke out against the regime change in the face of Christians being slaughtered. In Benghazi, the president armed al-Qaeda, the palestinians, Sunni Iraqi insurgents and the country of Libya came within a few votes of Muslim Brotherhood control. Ambassador Stevens' work in Libya strengthened the opposition to the Muslim Brotherhood, he is now dead.

Why would Sunni Islamists oppose the use of American military power to gain al-Qaeda/Muslim Brotherhood control of Syria? Is it coincidence that President Obama reconsidered his position and threw the decision to Congress, or was he just itching to get back to playing golf? The best that we can do is summarize what was said by Farrakhan in video and on Twitter. (Click links for raw info.)

Your point of view on this matter is very helpful, so here is my "reporter" style tweet to start:

#Farrakhan trending in USA as Obama wavers on making America Al-Qaeda's airforce. #MuslimBrotherhood #Syria #teaparty #becktips #tcot
— Doo Doo Economics (@DooDooEcon) September 1, 2013

Here is Luis Farrakhan advertising his speech:

In 30mins, my message for President Obama and the world regarding Syria airs @ http://t.co/2E7qcvSPVy #TheTime #Farrakhan
— MINISTER FARRAKHAN (@LouisFarrakhan) September 1, 2013

The video sermon is about 1.5 hours. We reviewed it in all of its disjointed glory. The closest mirror-image allegory is America's progressive-left opposing President George W. "Bush's War", but remaining silent when President Obama exceeds "W"'s imperial presidency at every turn. As Silvio Canto puts it, "  The mask is off: They hated Bush, not war."

It could be that President Obama is "not Muslim enough" for Minister Farrakhan, or maybe he is viewed as an "apostate" or as "not a good Muslim" by anti-Obama Islamic leaders. Maybe it is simply a power struggle. Maybe the Alex Jones accusations that President Obama assumed control of al-Qaeda after killing Osama Bin Laden strikes some fear in Farrakhan. In this power struggle, is President Obama the moderate Muslim?

Here are a few #Farrakhan "peaceful" reactions from Twitter. Some seem to be threats to the President:

The Holy Land will be the headquarters for the Mahdi. #FarrakhanTwitterArmy #Farrakhan #TheTime
— De'Nise Muhammad (@diamondbabe) September 1, 2013

Take heed to the warning dear President. #Farrakhan
— Gregory X Moore (@GregoryXMoore) September 1, 2013

#Farrakhan to Barack Obama...."I WARN YOU IN THE NAME OF ALLAH..." #TheTime Calamities are coming to America
— QueenofPeace (@NailahKhalifa) September 1, 2013

The Day of Resurrection is now #farrakhan
— Khadijah Muhammad (@Dijah97Muhamm) September 1, 2013

Pres. Obama: if you go along with them, you will be stained with the blood of all those that are dying from a lying. #Farrakhan #TheTime
— The Final Call News (@TheFinalCall) September 1, 2013

Mr President #Obama accept the warning Allah sends to you #Farrakhan #TheTime
— April 2X Freeman (@April2X) September 1, 2013

I (Farrakhan) warn you Obama in the name of Allah. #Farrakhan #TheTime
— Allan X (@BroAllan19) September 1, 2013

So the Nation of Islam in the West, the weeding has now begun. #Farrakhan #TheTime
— The Final Call News (@TheFinalCall) September 1, 2013

By contrast, the tea party is the "party of peace." Moreover, that this trended in the United States twittersphere is a shock. Doo Doo Economics is all over twitter and this is the first such American Islamic "pop-culture" trend noticed.

We appreciate your help in getting to the bottom of the question, "Is Islam rising in America?"

Glenn Beck, from my viewing, would answer "YES." What do you say?

Obama Explains Why The President Must Be Held Accountable In Benghazi

President Obama spoke moments ago about leaks that put national security at risk. His remarks also describe in detail how his beauty sleep prior to a Vegas fund raiser put national security at risk and cost the lives of brave Americans in Benghazi. This comment goes a long way in explaining why the Obama administration is lying to the American people about Benghazi.

To be, uhh, clear, President Obama was talking about leaks relating to CIA operations similar to the Benghazi, Libya operation in which America armed and trained Al Qaeda and other groups in order to overthrow various governments and then allocated $40 million to track down and buy back heavy weapons.

"They can put men and women in uniform that I have sent into the battlefield at risk.

They can put, uhh, some of our intelligence officers, who are various dangerous situations that are easily compromised, at risk.

U.S. national security, uhh, is, uhh, dependent on those folks being able to operate with confidence that folks back home have their backs. So they are not just left out there 'high and dry,' uhh, and potentially put in even more danger than they may already be.

uhh, and so, I make no apologies and I don't think the American people would expect me, as Commander-In-Chief, not to be concerned about information that might compromise their missions or might get them killed.

The flip side of it is, we also live in a democracy, uhh, where a free press, free expression, uhh, and, uhh, the open flow of information helps hold me accountable, helps hold our government accountable and helps our democracy function. Uhh, and, ya know, the whole reason I got involved in politics is because I believe so deeply in democracy and that process.

...(edited for length)

When we express concern about leaks at a time when I have still got 60,000 plus troops in Afghanistan. uhh, and I've still got a whole bunch of intelligence officers around the world who are in risky situations,uhh, in outposts, uhh that uhh in some cases are as dangerous as the outpost in Benghazi. Uhh, that part of my job is to make sure that, uhh, we are protecting what they do. Uhh, while still accommodating for the need for, uhh, information. So,... or for the need for the public to be informed and be able to hold, uhh uhh my office accountable."

In the event that you, the, uhh, reader, might think this is being taken out of context, here is a Bloomberq reporter asking about the IRS scandal and President Obama's unresponsive answer. This is simply to make the point that the man is again lying.

Reporter: "Mr. President, I want to ask you about the IRS. Can you assure the American people that nobody in the White House knew about the agencies action before your council's office found out on April 22nd."

President Obama: "I can assure you that, uhh, I certainly did not know anything about the IG report before the IG report had been leaked through press, uhh through the press."

The reason President Obama makes these implied acknowledgements that the White House knew about the targeting of conservative groups is simple. He is not held accountable. Consider the AP headline on this statement which relies upon people NOT reading the story:

BREAKING: Obama assures he did not know about IRS political targeting before reports became public.
— The Associated Press (@AP) May 16, 2013

Gaza MANPADS from Libya

Many weapons being used against Israel come from Iran. However, the most powerful weapons, MANPADS, come from Libya. The destroyed consulate in Benghazi, Libya was a large source of British and American weapons, but weapons had been flowing from Libya to Gaza and then Syria for months prior to the attack.

MANPADS, Man-Portable-Air-Defense-Systems, have been widely reported to be in Syria and were used in recent months against Israeli aircraft and helicopters in Gaza.  We have video of MANPADS in Aleppo, Syria.

The Wall Street Journal reported the source of the MANPADS: (bold ours)

Most of the shoulder-fired missiles in rebel arsenals have come from Libya, smuggled into the country through the Turkish border without the official blessing of regional states or their Western backers, several rebel coordinators said.

Other shoulder-fired, surface-to-air missiles, which these rebels identified as Russian-made Strela systems, have been supplied by militant Palestinian factions now supporting the Syrian uprising and smuggled in through the Lebanese border, they said. Syrian military defectors also say they have been able to buy some SA-7's—a Russian-designed Manpad—from regime forces since the summer.
...
In July, the U.S. effectively halted the delivery of at least 18 Manpads sourced from Libya, even as the rebels pleaded for more effective antiaircraft missiles to counter regime airstrikes in Aleppo, people familiar with that delivery said.

"We were told that we need to get our house in order on the ground, and that it wasn't time yet," said a rebel representative involved in the delivery.

So, there you have it.  This is more supporting evidence for our post Killing Stevens: The Obama Scandal.

We know Al Qaeda is in Libya and Syria attempting to establish Islamic governments. Their official face is the Muslim Brotherhood. We have seen that Al Qaeda has obtained MANPADS. We know MANPADS were supplied via Palestinians to Syrian rebels. We learned that the U.S. government stopped supplying the Syrian rebels with MANPADS from Libya due to rebel disorganization.

We leave you with a question to ponder, on Syrian Rebels from Russia Times:

The commander [Abu Khuder, a battalion commander for Solidarity Front, Al-Qaeda's main arm in Syria] said he joined Al-Qaeda because he was “frustrated” with the lack of discipline within the ranks of FSA fighters. 

Would President Obama arm Al Qaeda instead of local rebels due to familiarity with Al Qaeda's organizational capabilities?

Terrorist MANPADS Target Israel

Israeli officials told Yedioth Ahronoth Daily that a Stela shoulder-launched surface-to-air missle targeted an Israeli military helicopter last week in the Gaza Strip but missed. This is the first terrorist attempt of using these weapons against Israel.

CNSNews reports:

Israel has long suspected Hamas and other terror groups in Gaza of having such weapons, and amid the chaos accompanying the downfall of the Gaddafi regime in Libya many went missing, and more are believed to have been smuggled into the Strip, via tunnels from the Sinai peninsula.

Soviet-designed Strela-2 missiles (known by NATO as SA-7 Grail) have been used in various insurgencies around the world, including the mujahedeen’s fight against the Soviets in Afghanistan, and the anti-coalition insurgencies in Iraq and Afghanistan over the past decade.

...
MANPAD’ ease of operation, portability and relatively low cost make them a weapon of choice for terrorists wanting to target civilian or military aircraft.
...
The reported use of a MANPAD by Gaza-based terrorists came during the same week as Hezbollah, the Shi’ite Iranian proxy in Lebanon, deployed a drone aircraft over Israel.

Over 10,000 MANPADS went unaccounted from Libya according to NATO officials. About 5,000 are SAM-7. The SAM-7 is a crude weapon with a range of about four kilometers and an infra-red guidance system. The systems are powered by a thermal battery, operated by a single person, and are simple enough so that a couple of hours of training would suffice for mastering their operation.

The Army’s Lt. Col. Andy Wood, who led a 16-person security team in Libya testified about Al Qaeda's Libyan presence:

"their presence grows every day. They are certainly more established than we are.”

He also said that some 10,000 to 20,000 shoulder-fired missiles are missing from Libyan arsenals.

Digital Journal reported in February 2012:

The U.S. government has allocated $40 million in an attempt to secure the weapons stockpiles...

In a November CNN interview, House Intelligence Committee chairman Mike Rogers expressed reservations that “very undisciplined” Libyan troops will “secure the weapons sites” until stability returns to Libya.

On the same day of Rogers’ interview, a North African commander with Al Qaeda Organization in the Islamic Maghreb said his group was in possession of some of the weapons, looted during the conflict for control of Libya.

Russian-made SA-14 and SA-24 MANPADS are more effective and make up some portion of the missiles that fell into the hands of Al Qaeda in Libya.

The Wall Street Journal added that MANPADS traveled to Syrian rebels through Turkey and Palestinian militants:

Most of the shoulder-fired missiles in rebel arsenals have come from Libya, smuggled into the country through the Turkish border without the official blessing of regional states or their Western backers, several rebel coordinators said.

Other shoulder-fired, surface-to-air missiles, which these rebels identified as Russian-made Strela systems, have been supplied by militant Palestinian factions now supporting the Syrian uprising and smuggled in through the Lebanese border, they said. Syrian military defectors also say they have been able to buy some SA-7's—a Russian-designed Manpad—from regime forces since the summer.

Per ConservativeNewsandViews.com:

Representative Dennis Kucinich (D-Cleveland), a staunch and consistent opponent of American intervention in the Middle East, reminded everyone that:

•Our bombing and destruction of Libya was not authorized.
•Obama never received approval from Congress for any of the actions America took in that war

Additional Sources:
http://2001-2009.state.gov/t/pm/rls/fs/107632.htm
http://cnsnews.com/news/article/israel-reports-first-use-surface-air-missile-gaza-terrorists
http://thehill.com/blogs/global-affairs/terrorism/261255-witness-says-increased-security-wouldnt-have-prevented-libya-deaths
http://www.homelandsecuritynewswire.com/nato-10000-libyan-shoulder-fired-missiles-unaccounted
http://digitaljournal.com/article/319326
http://online.wsj.com/article/SB10000872396390443684104578062842929673074.html

Obama Lies About "Acts of Terror" Comment During Presidential Debate

In a contrived debate comment about the 9/11/2012 terror attack in Benghazi, President Obama falsely claimed to have called the attack terrorism. In the White House Rose Garden on 9/12/2012 the phrase "Acts of terror" is being pointed to by the left-wing media. Of course, this is a lie. The President's "acts of terror" comment was referencing the 9/11/2001 attack. The White House transcript of the speech points to this:

Of course, yesterday was already a painful day for our nation as we marked the solemn memory of the 9/11 attacks.  We mourned with the families who were lost on that day.  I visited the graves of troops who made the ultimate sacrifice in Iraq and Afghanistan at the hallowed grounds of Arlington Cemetery, and had the opportunity to say thank you and visit some of our wounded warriors at Walter Reed.  And then last night, we learned the news of this attack in Benghazi.

As Americans, let us never, ever forget that our freedom is only sustained because there are people who are willing to fight for it, to stand up for it, and in some cases, lay down their lives for it.  Our country is only as strong as the character of our people and the service of those both civilian and military who represent us around the globe.

No acts of terror will ever shake the resolve of this great nation, alter that character, or eclipse the light of the values that we stand for.  Today we mourn four more Americans who represent the very best of the United States of America.  We will not waver in our commitment to see that justice is done for this terrible act.  And make no mistake, justice will be done.

President Obama knew during the Rose Garden speech that the attack was terrorism, but attempted to blame a youtube video over the next two weeks. A lie still pushed by Media Matters. Regardless, the speech mentioned 9/11/01 and the sacrifices by our military in the battle against terrorists. The speech then connected the military service of the former Navy SEALs and Ambassador Stevens service to the sacrifices of other military service members. Clearly, the speech did not describe the Benghazi attack as terrorism.

Watch from 3:20 to see the comments as delivered.

Mitt Romney tried to clarify during the debate:

You said in the Rose Garden, the day after the attack, it was an act of terror? It was not a spontaneous demonstration?

President Obama's reply:

Please proceed Governor.

Evidence that the debate preparation of President Obama included the specific phrase "Act of Terror" in order to link back to the comment about 9/11/01. This is clearly deception against the American people, revealed by the President's "voting present" non-answer to the specific phrase "spontaneous demonstration."

For more information on Benghazi read; Killing Stevens: The Obama Scandal.

Killing Stevens: The Obama Scandal

10/15/2012 1:29 AM PST:

The last ambassador killed in the line of duty was Adolph Dubs in 1979. The U.S. ambassador in Afghanistan was assigned the post in 1978, after a Soviet coup in the country and prior to the invasion in late 1979. Dubs was shot in an exchange of gunfire during an attempted kidnapping. Ambassador Dubs was the last U.S. ambassador in Afghanistan until 2002, after the U.S. toppled the Taliban regime. The assassination is considered by the State Department as a “Significant Terrorist Incident."

Thirty-three years later, on the 11th anniversary of 9/11, Libyan Ambassador Chris Stevens, a long-time friend of Libya, was killed by Al Qaeda in the Islamic Maghreb (AQIM) in a coordinated attack along-side a local militia group. The attack was in retaliation for the killing of Sheikh Abu Yahya al-Libi and the recent spiking of the "I killed Bin Laden" football by President Obama during the Democratic National Convention.

The attack happened in Benghazi as the Ambassador was working to collect military grade weapons distributed under order of President Barack Obama.  See, ABC, The Blotter, American Killed in Libya was on Intel Mission to Track Weapons

In an interview with ABC News last month, Glen Doherty, a 42-year-old former Navy SEAL who worked as a contractor with the State Department, said he personally went into the field to track down so-called MANPADS, shoulder-fired surface-to-air missiles, and destroy them.

The "Fast and Furious" style arming of Libyan rebels allowed military-grade U.S. weapons to fall into the hands of terrorists. Weapons that were almost certainly used in Benghazi during the terrorist attack. Weapons that may have been used in any of the over 20 American embassy attacks since the incident.

Further, the prime suspect in the murder of Ambassador Stevens and the former Navy Seals was a terrorist released from an Egyptian prison during the Arab Spring.

Intelligence officials said in Egypt—currently ruled by the Islamist Muslim Brotherhood—one of the key al Qaeda organizers has been identified as Muhammad al-Zawahiri, brother of al Qaeda leader Ayman al-Zawahiri. Muhammad al-Zawahiri was released by Morsi in March after having been sentenced to death for terrorist acts in Egypt.

In recent months Egypt-based al Qaeda terrorists were dispatched to Libya and Syria, where they have been covertly infiltrating Libyan militia groups and Syrian opposition forces opposing the Bashar al Assad regime.

Facts that could sink the reelection hopes of President Obama.

Libya's former head of state Muammar Gaddafi was killed on October 20, 2011. Gaddafi was added to the short list of leaders to be overthrown when he challenged the U.S. dollar as the world's reserve currency.

"The system would be [directly] challenged a second time, this time by Libya. In February of 2009, Muammar Gaddafi was elected the chairman of the African Union and would continue the effort to create the United States of Africa, which among other things, would include a unified currency, a dinar based on gold. Gaddafi went so far as to suggest that the African nations' oil trade would be switched from the dollar to this new gold currency."

In order to remove Gaddafi, President Obama used Ambassador Stevens as the intermediary with Libyan rebels. The Ambassador was the one person with complete information on the arming of terrorists by the Obama administration. After the overthrow of the Gaddafi regime, those arms needed to be collected or erased.

Despite multiple requests for additional security due to hit lists by Al Qaeda and former Gaddafi supporters, the Ambassador was placed in harms way. Believing in both America and the Libyan people led Ambassador Stevens to accept the assignment with the assistance of some heroic former U.S. Navy Seals. A mistake that cost them their lives, but nearly erased the inconvenient truth about the Obama administration's involvement. A truth revealed when CNN recovered the Ambassador's diary at the site of the attack. Consider how the formerly pro-Obama news network, CNN, suddenly began to air damaging truths about the 9/11/12 terrorist attack. Truth including this statement by the Mother of Slain State Department Worker:

I cried on Obama's shoulder. And he -- then he'd kind of looked off into the distance.
So that was worthless to me. I want to know, for god's sakes. Or for Allah's sake or whoever's sake is there. 

In order to ensure that American-made weapons were not found at the destroyed Benghazi consulate, the Obama administration delayed investigations by floating a cover story about a nonexistent protest due to an anti-Islamic video. The cover story was provided by the CIA in a quickly declassified document stating:

'The currently available information suggests that the demonstrations in Benghazi were spontaneously inspired by the protests at the U.S. Embassy in Cairo and evolved into a direct assault against the U.S. diplomatic post in Benghazi and subsequently its annex.' 

During the delay, CNN found the Ambassador's dairy, but all weapons were removed from the scene by hostile forces. Weapons that may have directly linked back to the Obama administration in a repeat of the Fast and Furious scandal. The weapons taken also included a cache of British weapons which had been stored in the annex.

Ali Zeidan, a former Gaddafi opponent, was just elected Libya Prime Minister. Zeidan narrowly edged out Muslim Brotherhood candidate Mohammed al-Hrari, 93-85, due to backing from the liberal coalition in the 200-seat assembly. This is the Libyan legacy of the sacrifice made by Ambassador Stevens and the former Seals by his side. However, an eight vote margin and public calls for Libya's militias to disarm is not a long-term victory against brutal theological terrorists.

Terrorist who are now armed with MANPADS, surface-to-air, shoulder-fired missiles, capable of shooting down passenger jets.

P.S.

One conspiracy style motive being assigned to the Benghazi consulate attack was as an October surprise. Ambassador Stevens was to be kidnapped and then exchanged for The Blind Sheikh just prior to the election.  A plan foiled by the presence of two former U.S. Navy Seals. Whatever the motive, the facts point to another failed Obama plan.

Update 11/15/2012:

Adding CIA Annex in Benghazi held three Libyan militia members. This backs up the information that the US was tracking MANPADS that had been sold to Al Qaeda through the Libyan militia. General Petraeus investigated the situation personally in October. David Petraeus will hopefully reveal the situation to Congress today and prove himself a patriotic American hero.

General Carter Ham:

The head of the U.S. military's Africa Command said Wednesday that some of those who attacked the U.S. Consulate in Benghazi, Libya were linked to al Qaeda's North Africa arm.

Additional Sources:
http://www.mercurynews.com/ci_21551200/sudan-2-protesters-killed-outside-us-embassy
http://reason.com/blog/2012/09/12/the-last-us-ambassadors-to-die-on-duty
http://www.defence.pk/forums/military-history-strategy/13544-pakistan-comes-full-circle-light-shone-zia-ul-haqs-death.html
http://www.fas.org/irp/threat/terror_chron.html
http://www.telegraph.co.uk/news/worldnews/africaandindianocean/libya/9602439/Libya-British-guns-unaccounted-for-after-Benghazi-consulate-attack.html
http://macsmind.com/wordpress/2012/09/benghazi-gate-what-was-ambassador-stevens-and-three-others-doing-at-benghazi/
http://www.trevorloudon.com/2012/10/spooks-in-the-machine-speak-up/
http://www.dailymail.co.uk/news/article-2211369/How-CIA-missed-clues-al-Qaedas-role-U-S-consulate-attack-Libya.html
http://www.cbsnews.com/8301-503543_162-20048619-503543/obama-allies-must-decide-on-arming-libya-rebels/
http://www.cbsnews.com/8301-202_162-57520884/libyan-who-captured-qaddafi-tortured-killed/
http://www.military.com/daily-news/2012/10/13/brits-missing-weapons-left-at-us-libyan-consulate.html?comp=7000023317828
http://gulagbound.com/34933/the-real-why-of-benghazi-part-2/#.UHxeym_A9BE
http://www.westernjournalism.com/october-surprise-gone-horribly-wrong/
http://www.youtube.com/watch?v=XoMubxspWz4

FED Commits to Devalue the Dollar by $40 Billion Per Month: Updated

(9/13/2012 11:27 AM) Bloomberg has an excellent article on the subject HERE:

The Federal Reserve said it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month in a third round of quantitative easing as it seeks to boost growth and reduce unemployment.

Most people have seen this coming. It is the intersection of election year politics and monetary policy. The money printing is tied to the unemployment rate and assumes that the rate will eventually fall to an acceptable level. Richmond Fed President Jeffrey Lacker dissented and added that interest rates will need to be raised in 2013 in order to deal with inflation.

Standard Keynesian economics ties inflation and unemployment in an inverse relationship that has not existed since the 1970's. We will get the intentional inflation, but unemployment will remain stagnant. Yes, Lacker is being honest, we can't have that.

For those of us who invested in gold, a live AU chart is available here to watch your investment skyrocket.

For most Americans, the price of gold is not rising, the value of the dollar is falling. Thankfully for the Fed, most Americans have their eye on Libya...who's leader wanted to start accepting gold for oil instead of dollars just before we helped overthrow him.

From an investment point of view, you could rush to buy gold and silver or invest in other real assets like small companies, real estate, intellectual property, etc... Consider the "reverse mortgage" ads you see. These are companies trying to buy cheap real estate from people who are damaged by the artificially low interest rates. This example of movement from cash to real assets is known as leveraging.

Update (9/13/2012 10:51 PM): Detailed explanation of the policy. The $40 billion is in addition to current policy.

On September 13, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to begin purchasing additional agency mortgage-backed securities (MBS) at a pace of $40 billion per month.  The FOMC also directed the Desk to continue through the end of the year its program to extend the average maturity of its holdings of Treasury securities as announced in June and to maintain its existing policy of reinvesting principal payments from the Federal Reserve’s holdings of agency debt and agency MBS in agency MBS.

The FOMC noted that these actions, which together will increase the Committee’s holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative. 

 Fed Chairman Ben Benanke on how this will help: (italics ours)

We are trying to meet our maximum employment mandate. So that is the objective.

The tools we have involve affecting financial asset prices (contractual assets like bank deposits). Those are the tools of monetary policy. There are a number of different channels, mortgage rates, other interest rates, corporate bond rates, but also the prices of various assets, like for example the prices of homes. To the extent that homes prices begin to rise, consumer will begin to feel wealthier. They will feel more disposed to spend. If house prices are rising then people may be more willing to buy homes, because they think that they will make a better return on that purchase. So house prices is one vehicle.

Stock prices, many people own stocks directly or indirectly. The issue here is whether or not improving asset prices generally will make people more willing to spend. One of the main concerns that firms have is that there is not enough demand. There are not enough people coming and demanding their products. If people feel their financial situation is better because their 401k looks better or reason, their house is worth more, they are more willing to go out and spend. That's what is going to provide the demand that firms need in order to be willing to hire and to invest.

(We are inflating an asset bubble.)  

Bernanke on if this will cause the Fed to abandon their inflation targets:

Well our policy approach doesn't involve intentionally trying to raise inflation. That is not the objective. [...]

Well if inflation goes above our target level, as we talked about in our statement in January, we take a balanced approach. We bring inflation back to the target over time, but we do it in a way that takes into account the deviations of both of our objectives from their targets.

(No,but yes we want inflation)

Bernanke on specific economic conditions that will end the policy:

We haven't at this point come to a set of numbers, a set of data that we can put out.

What we are trying to convey here is that we are not going to be premature in removing policy accommodations. Even after the economy starts to recover more quickly, even after the unemployment rate begins to move down more decisively, we are not going to rush to begin to tighten policy. We are going to give it some time to make sure the recovery is well established.

(For the foreseeable future.) 

The issue as viewed by the other members of TheSlobs.org:

• Liberator Today: The Most Dangerous Easing Yet
• WC Varones: QE 3 ∞: Zimbabwe Ben goes Full Retard
• The Scratching Post: A Trillion Bottles of Beer on the Wall, a Trillion Bottles of Beer
• Temple of Mut: We know the post is imminent.