The hidden message behind the QE2 chapter, the second of many, is that the USFed is planning to give every working man and woman in the US a big pay cut, so the USEconomy can more capably compete with foreign labor.
You really can't make this up: "The economy is in a much stronger position to handle” rising oil prices, Tim Geithner said today during a Bloomberg Breakfast in Washington. “Central banks have a lot of experience in managing these things."
On the day after pastor Lindsey Williams went on the Alex Jones Show and talked about the globalist plan to destroy the dollar and jack up oil prices through the stratosphere in an effort to wreck the economy, the price of oil went up...
With US GDP plunging by 5% in the past week on the hike in oil prices, it is becoming very evident that the recovery myth is now over, despite claims by the NAR charlatans, and another round of quantitative easing is almost inevitable.
"It is a warning shot to America that we cannot simply assume flight to quality, flight to safety. That people are starting to worry about the fiscal situation in the U.S., worrying about the level of debt and what they're hearing about states and...
We have put through three successive doublings of debt in the 1980s, 1990s, and 2000s. This was against average 10-year rates of GDP acceleration that averaged 30-40%. That is, debt service requirements at constant interest rates and constant dolla
As part of GATA's ongoing crusade against the Fed's gold price manipulation efforts, the organization recently succeeded in extracting some novel clues on how and why the Fed views its sworn duty as keeping the price of gold low.
Greenspan had to hold the chair well beyond retirement to the age of 75, but he finally got his chance. In 2001, he used every policy measure in the Fed’s arsenal to prevent Kondratiev's winter.
It is never pretty when a fraud collapses, and this one in particular is difficult because it seems to encompass those stewards of the market upon whom one generally relies for information and some measure of confidence in the data.
If the U.S. dollar is being devalued so rapidly, then why does it sometimes increase in value against other global currencies? Well, it is because everybody is recklessly printing money now.
"money does not have to be borrowed into existence, it can be spent into existence by the state for so long as that money's recipients show a willingness to accept it as a medium of exchange - and that is exactly what we have at work here...
They must put something in the water at the Fed, certainly the Board of Governors and the New York Fed. Everyone there, or at least pretty much everyone who gets presented to the media, seems to have an advanced form of mental illness...
So the Federal Reserve will have to continue monetizing the Federal government debt, with no end in sight—it really has no choice: If it doesn’t, interest rates will rise so high so fast, that the Federal government would simply go broke.
U.S. Federal Reserve Chairman Ben Bernanke defended easy money policies in advanced economies against the charge they are overheating emerging markets, saying factors such as exchange rate rigidity are also to blame.
The Fed jump-started the stock market with two rounds of massive easing commonly known as QE1 and QE2. Not coincidentally, the market bottomed in March 2009 just as QE1 got underway.
The FOMC put you on notice with this set of minutes: They know this is going to blow up, they expect it to blow up, and there is no way to avoid it blowing up as carrying costs will double while the output to cover it will grow by less than 30%
Inflation is a secret rip-off and thus the perfect vehicle for the exploitation of a population through its (false) elites, whereas deflation means open redistribution through bankruptcy according to the law.
It doesn't surprise Kyle Bass that stocks are doing well despite the high debt rates because... Zimbabwe! Okay, we're not technically hyperinflating, but Bernanke is printing a lot of money.
Since our first warning back in September, when the world's most worn commodity passed $1, cotton is up 95%. Annualized, the YTD move in cotton is 1,512%.
Bond fund giant Pacific Investment Management Co. slashed the U.S. government-related holdings in its flagship bond fund in January to multi-year lows.
Fed boss Ben Bernanke is the most dangerous human on earth, far more dangerous than Hosni Mubarak, Egypt’s 30-year dictator, ever was. Bernanke rules a monetary dictatorship that will trigger the coming third meltdown of the 21st century.
When debt accumulation becomes negative to economic outcomes you're in big trouble and I believe there's an argument to be made that we're either there or damn close.
Ben Bernanke "There are people identified -- and the trouble is -- and particularly in this blogosphere we live in now -- at any given moment, there are people identifying 19 different problems, crises."
For the past 3 decades, the Federal Reserve has been given a dual mandate: keeping prices stable and maximizing employment. This policy relies not only on the fatal conceit of believing in the wisdom of supposed experts, but also on numerical chicane
“How can you frighten a man whose hunger is not only in his own cramped stomach but in the wretched bellies of his children? You can’t scare him–he has known a fear beyond every other.” - John Steinbeck – Grapes of Wrath
This implosion has been artfully papered over with enough accounting tricks so that many citizens do not even perceive it as being underway. The results are insidious: falling living standards, no role to play in the economy (that is, a job)...
Beneath the surface of illusory stability, pressures are mounting. A stock market which is now entirely reliant on monthly injections of $100 billion of "free money" from the Fed's "quantitative easing 2" program is a market that is exquisitely...
After all, that money is being eliminated to pay off the debt, right? Thus, that money is removed from programs that employ people to pay off the issuers of credit (banks).
It appears to contain information so sensitive it would once again rain fire and brimstone on everyone, and like an audio medusa, lead to widespread petrifying contagion everywhere it was heard.
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