Thermate911
Angel - now passed away
Joined: 16 Jul 2007
Posts: 1451
Location: UEMS
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 Posted: Mon Oct 18, 2010 9:22 am Post subject: Abolish %interest% = abolish economic slavery. |
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| Quote: | Today’s great debate basically between the US and Europe is – should the Fed go full bore by implementing a second quantitative easing? In part it is a moot point, because they have been doing just that in the repo market for four months without letting anyone know what they were up too. Their mandate is to reduce inflation and create full employment. Real inflation is 7% and unemployment is 22-3/4%. The Fed for three years has concentrated on bailing out Wall Street, banking, insurance and transnational conglomerates. Little has been done to fulfill their mandated mission. The main recipients of their largess, of course, are the firms that actually own the privately owned Fed.
There are two options left to the Fed. Create a full QE2 by injecting another $2.5 trillion into the economy, as they just did with QE1 with $868 billion in assistance from the Senate and the House, or they can purge the system and have a deflationary depression. That result will be the fate of the Fed eventually if they create QE2 or perhaps QE3. No matter what the Fed does a deflationary collapse, one way or another, is inevitable.
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Much more at:-
http://globalresearch.ca/index.php?context=va&aid=21482
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"We will lead every revolution against us!" - attrib: Theodor Herzl
"Timely Demise to All Oppressors - at their Convenience!" - 'Interesting Times', Terry Pratchett |
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