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Posts Tagged ‘Federal Reserve’

The Obama Boom: FED considers QE3

by Phantom Ace ( 2 Comments › )
Filed under Economy, Headlines at January 13th, 2012 - 11:41 am

The media is proclaiming the economy is at its strongest since the 90’s. They are claiming we are in a historic boom that is lifting millions’ living standard. Well if the economy is solid, why is 3rd World style Fed chairman Ben Bernanke considering printing more money?

Federal Reserve officials are seriously considering giving the US economy—and especially the housing market—an added jolt with more quantitative easing.

Fed officials are likely to discuss such a move at their Jan. 24-25 meeting, when the central bank will issue its first quarterly forecast on interest rates under the new communication policy.

Two of the new voting members this year on the Federal Open Market Committee, which sets interest-rate policy, have recently suggested they would support more assets purchases.

San Francisco Fed President John Williams said that sustained high levels of unemployment, as forecast by many Fed members, “does make an argument that we should have more stimulus.”

Another new voter, Cleveland Fed President Sandra Pianalto, said in a recent speech that economic models indicate the Fed “should be even more accommodative than it is today.”

Isn’t printing money great! Clearly Ben Bernanke is trying to get Barack Hussein Obama re-elected.

Fed to provide more “liquidity” for the Euros

by Phantom Ace ( 32 Comments › )
Filed under Economy, Transportation at November 30th, 2011 - 11:30 am

Ben Bernanke who is a fan of 3rd World economics is back it again. Coordinating with other central banks, he plans to create more liquidity to prop up the European fanancial system. In other words, he is printing money to bail out Europe’s failed Socialist system.

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity. 

These central banks have agreed to lower the pricing on the existing temporary U.S. dollar liquidity swap arrangements by 50 basis points so that the new rate will be the U.S. dollar overnight index swap (OIS) rate plus 50 basis points. This pricing will be applied to all operations conducted from December 5, 2011. The authorization of these swap arrangements has been extended to February 1, 2013. In addition, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank will continue to offer three-month tenders until further notice.

As a contingency measure, these central banks have also agreed to establish temporary bilateral liquidity swap arrangements so that liquidity can be provided in each jurisdiction in any of their currencies should market conditions so warrant. At present, there is no need to offer liquidity in non-domestic currencies other than the U.S. dollar, but the central banks judge it prudent to make the necessary arrangements so that liquidity support operations could be put into place quickly should the need arise. These swap lines are authorized through February 1, 2013.

Read the rest: Press Release

This is the blind leading the blind. Bernanke is once again taking care of his connected buddies at the expense of our living standards. This is criminal and whoever the next President is should remove this gangster as the head of the Federal Reserve. No Conservative should support this looting by the Globalist Crime Syndicate. This is not free market Capitalism, this is criminal activity.

Does the #Occupy Movement Speak for You?

by 1389AD ( 117 Comments › )
Filed under Anti-semitism, Barack Obama, CAIR, Communism, Democratic Party, Economy, Elections 2012, Media, Muslim Brotherhood, Nazism, Socialism, unemployment, Unions at October 26th, 2011 - 8:30 am

Lech Walesa
Lech Walesa rejects OWS

Some of the #Occupy movement signs and slogans seem to resonate with many onlookers. Maybe it’s because they’ve stolen a few talking points (but very little else) from the Tea Party. Maybe it’s because the sympathetic mainstream media carefully edits out what they don’t want you to see.

Let’s take a closer look.

Is this you?

Are you frustrated and angry about unemployment, inflation, the decreasing economic opportunities, the burden of debt, and the declining standard of living in North America, much of Europe, and elsewhere? Are you worried about the sovereign debt problems that bedevil the international financial system?

So am I.

Do you empathize with those struggling to make ends meet in low-paid, part-time jobs? Do you consider bailouts to be unconstitutional, politically and economically unwise, and morally wrong? Do you believe that the Federal Reserve system puts too much power into the hands of too few people who are not accountable to the voters and taxpayers?

So do I.

The Occupy movement blames our predicament on “billionaires”, “rich corporations”, and “Wall Street bankers”. They offer no basis for their accusations, but merely pander to the temptations of envy, sloth, and greed to which all of us are prone.

I agree with Herman Cain in placing most of the blame on Barack Obama and his failed policies. I also blame other public officials in the US and elsewhere whose policies brought about our financial downfall.

Whose side are they on?

Let’s see…the Occubaggers have got the commies, the socialists, the anarchists, the American Nazi Party, the George Soros front groups including the Open Society Institute, the Tides Foundation, and MoveOn.org, along with Code Pink and Michael Moore, the Muslim Brotherhood and its front group CAIR (more about CAIR and its connections here and here), the SEIU, the AFL-CIO, the leftist establishment media including the New York Times and the Washington Post, Frances Fox Piven, Mahmoud Ahmadinejad, Ayatollah Khamenei, Hugo Chavez, David Duke, and, of course, that architect of failure and scapegoater-in-chief, Barack Hussein Obama himself.

Along for the ride are the aging drugged-out hippies reliving Woodstock, the young drugged-out prep school and college kids looking for a place to fornicate al fresco, the paid shills, the student loan debtors with useless degrees, the trust-fund babies, the anti-Semites, the LGBT nudists, the race-card players, the outdoor urinators and defecators, the pro-abort feminazis, the tree-huggers, the vegans, and the mentally ill. (Many of these categories overlap.) Rounding out the rogue’s gallery are various drug dealers, crackheads, junkies, thieves, rapists, street bums and other lumpenproletariat, and felons hiding out from the law.

None of them speak for me.

Nor do they speak for Lech Walesa.

Former Polish President Won’t Attend #OccupyWallStreet After Citizen Journalists Expose Its Radical Roots

Lech Walesa, former president of Poland, champion in the fight against communism, and winner of the Liberty Medal and Presidential Medal of Freedom in 1989, has decided to not make a trip to New York in support of the Occupy Wall Street protests.

Last week the AP reported that Walesa was backing the Occupy “movement” and considered traveling to New York in support of the growing nationwide mob activity that currently plagues the United States. However, when former Illinois gubernatorial candidate Adam Andrzejewski, (For the Good of Illinois) found out about this, he quickly reached out to his contacts in Poland to alert the former president to the truth behind this radical movement.

“We made the point that the political themes of Occupy Wall Street may have started out with some of the principles that we share, but OWS themes were rapidly being morphed into anti-freedom and anti-liberty messages. At the core is the want for a big, powerful central government to dominate the lives of individual citizens.” -Andrzejewski

In his write-up last night at BigGovernment.com, Andrzejewski stated that with the help of BigGoverment and other sources, he was able to convey an accurate picture of the Occupy movement, particularly that it is “…organized by anarchists, Code Pink, the American Communist movement, jihadists, anti-Israel, socialist, and anti- free enterprise interests.” After reviewing this information about the true nature of the demonstrations, Walesa and his team withdrew their support and will not be attending any Occupy protests.

We were overjoyed to learn that recent Rebel Pundit investigative reports and footage were able to play an an important role in Walesa’s decision. According to Andrzejewski:

“They appreciated the inside info- they weren’t getting that in Poland from the European media.”

Much more here.

Also see:

So…does the #Occupy movement speak for you? Unless you truly are a leftist, with all that this implies, the answer is no.

SMH smiley saying 'No'


QE3 on the way!

by Phantom Ace ( 115 Comments › )
Filed under Economy, Misery Index, unemployment at July 13th, 2011 - 11:30 am

Despite the spectacular failure of QE2, which lowered living standards, Ben Bernanke is set for a sequel. In his address to Congress, he said that the Federal reserve is prepared to take extra stimulus steps. Ben is preparing to enact QE3!

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.

[….]

“Once the temporary shocks that have been holding down economic activity pass, we expect to again see the effects of policy accommodation reflected in stronger economic activity and job creation,” he said

“However, given the range of uncertainties about the strength of the recovery and prospects for inflation over the medium term, the Federal Reserve remains prepared to respond should economic developments indicate that an adjustment in the stance of monetary policy would be appropriate.”

Read the rest: Fed May Launch New Round of Stimulus

This is 3rd World style economics. The problem with the US economy is our antiquated tax and regulatory structure, plus our debt accumulation. Ben Bernanke’s monetization of the debt has been a disaster for American’s living standards. Obama’s debt accumulation and Ben Bernanke’s money printing is nothing more than economic warfare on Americans.

On a side note, Ron Paul asked Ben Bernanke whether he thought Gold was money. The Fed chairman answered no. This is one of the most ignorant answers I have ever seen. Gold has been a currency since ancient times. Ben Bernanke clearly is economically ignorant. No wonder we are in trouble economically!