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Federal Reserve Announces QE3
"The Federal Reserve announced Thursday that they will spend $40 Billion a month on bond purchasing in an effort to kick-start the US economy, the Associated Press reports. Some critics, including noted investor Jim Rogers, have attested that previous rounds of quantitative easing did little to aid the faltering economy, and that a third attempt may be met with the same response. 'QE1 failed, QE2 failed, so I'm not [why] they would announce QE3, because they'll look like fools again, Rogers told Yahoo this week..."
GEAB: Red Alert - Global Systemic Crisis - Sept - October 2012
"Global recession, growing insolvency of the Western banking and financial system. 'When the trumpets of Jericho ring out seven times..."
When wlll those socialists at the White House, the Fed and on Wall Street ever tire of this chicanery.
Finally. Better late than never. As long as the priority is jobs, it should help.
Check out the loonie this morning - must be time to buy some yankee dollah
But isn't this more of the same midnight cash window arrangement we've seen before? What did it ever do to help workers before, except to help the few in helping themselves to heaps of free loot, based the national GDP, which is then placed onto the backs of workers, the working poor and the destitute alike as devalued spending power through inflation and wage stagnation, more overall debt, without doing anything for jobs? Better late than never? They're just on time as always. Wall Street has hit the wall at around 13K. It can't endure this holding pattern for long, and it doesn't convince investors either with continuous expansion and contraction as it has been doing for some time. The only place its quintessential design points to is up – meaning perpetual growth as the logic dictates, but in order to get there it requires a continuous supply of backs and necks to step on and over. An open ended forty billion dollar per month QE3 arrangement should do it for the time being, at least until that is absorbed, accounted for, counted on and betted away.
Financial Parasitism and Looting are the 'New Normal' - by Nick Beams
"...The moves by the world's major central banks to pump more money into the global financial system signify that four years after financial markets stood on the brink of collapse in September 2008, there is no prospect of a return to what were once considered 'normal' conditions..."
Truths Behind Global Debt Crisis With Max Keiser (and vid)
Max interviews Steve Keen from Debtdeflation.com . It has been five years since the global debt crisis began. The debt is now so great that it can no longer be hidden..."
40 BILLION dollars with a B. How many families could be saved from foreclosure? How many businesses saved from going under? How many freaking meals could this buy? This is a disgusting transfer of wealth upwards. It is being done purely as a favour to the banks to supply them with liquidity before the meltdown.