Thursday, November 4, 2010
Federal Reserve Prints More "Money," Returning to Scene of the Crime: Jekyll Island
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| Wipe Away that "Quantitative Easing" |
Bernanke's Fed Sets Sail with $600b 'Quantitative Easing'
QE? Sounds like a job for Acrimodium AD [Acrimonious Debt]
MediaMonarchy | cnbc: The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.
The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in the aftermath of the worst recession since the Great Depression. [which they engineered. Don't forget that. The FED/Banksters do nothing by accident - that would make me an "accident theorist."]
The U.S. central bank said it would buy about $75 billion in longer-term Treasury bonds per month. It said it would regularly review the pace and size of the program and adjust it as needed depending on the path of the recovery. In its post-meeting statement, the Fed described the economy as "slow", and said employers remained reluctant to add to payrolls. It said measures of inflation were "somewhat low."
The FED at Jekyll Island: 100 Years Later, They're Baaack!
Blacklisted News: The Federal Reserve is going back to Jekyll Island to celebrate the 100 year anniversary of the infamous 1910 Jekyll Island meeting that spawned the draft legislation that would ultimately create the U.S. Federal Reserve...
Labels:
banksters,
bernanke,
economy,
federal reserve,
history/mystery,
jekyll island
Election Day 2010: Voting for a Restraining Order?
MediaMonarchy | mike whitney: Barack Obama rode into office in January, 2008 on a wave of optimism. By the time the ballots are counted in Tuesday's midterm elections, Obama's personal approval ratings will have fallen to historic lows and he will be universally recognized as the man who brought ruin on the Democratic party.
While still popular among party loyalists, the president has become radioactive among independents--the critical group of “swing voters” who have fled Camp Obama en masse frustrated with both the lack of audacity and/or change. No one figured they were electing George W. Bush to a third term in office when they cast their vote for the inspiring senator from Illinois two years ago. But that's what they got. To say that supporters are disappointed in Obama's performance, is a gross understatement of the pessimism that's spread like Kudzu among the party faithful. People have become increasingly cynical as they realize that neither party provides a path to real structural change. The system is broken; Obama has merely exposed the rot at the heart of American democracy.
Why I don't Trust the Tea Party
by Allan Stevo
I don’t trust the Tea Party. I’m distrustful of new movements and remember how for eight years of Bush II, people who once had smaller government views suddenly abandoned those views in blind devotion of the president. I realize that it’s easy to believe in freedom for just a few years. My distrust is aided by the fact that the idea of freedom is a momentarily politically expedient idea to some.
Labels:
democrats,
mainstream public,
Obama,
political elites,
republicans,
tea party,
wwf wrestling
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