Private Central Banking Cartel Prepares To Print More Federal Reserve Notes
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- maasanova
- added this
"Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the national economy when conventional monetary policy has become ineffective. A central bank buys financial assets to inject a pre-determined quantity of money into the economy"
In other words, the Private Central Federal Reserve Cartel is implementing the same policy from the past few yearsthat has changed nothing. Oh and Obama runs nothing.
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The central bank of the United States believes that America is still a ways from economic recovery, which could soon prompt the Federal Reserve to announce a new round of quantitative easing, or QE3.
Fed Chairman Ben Bernanke addressed the economic status of the US on Wednesday and experts predict that the grim statement he offered suggest that QE3 is just around the corner.
"The framework makes very clear that we need to be thinking about ways to provide further stimulus if we don't get improvement in the pace of recovery and a normalization of inflation,” Chairman Bernanke said at a conference Wednesday. He added that unless the US sees a major economic recovery anytime soon, the Fed would be needed to step up to the plate.
According to the chairman, the purchasing of bonds to boost the economy is “an option that is certainly on the table”
Speaking Wednesday, Bernanke said that the Fed would keep interest rates low until at least 2014 and said that hopes of the American economy finally seeing a recovery were faltering. “If there’s a need to let inflation” return “a little more slowly to target in order to get a better result on employment, then that’s something that we would be willing to do,” Bernanke said.
In other words, the Private Central Federal Reserve Cartel is implementing the same policy from the past few yearsthat has changed nothing. Oh and Obama runs nothing.
***
The central bank of the United States believes that America is still a ways from economic recovery, which could soon prompt the Federal Reserve to announce a new round of quantitative easing, or QE3.
Fed Chairman Ben Bernanke addressed the economic status of the US on Wednesday and experts predict that the grim statement he offered suggest that QE3 is just around the corner.
"The framework makes very clear that we need to be thinking about ways to provide further stimulus if we don't get improvement in the pace of recovery and a normalization of inflation,” Chairman Bernanke said at a conference Wednesday. He added that unless the US sees a major economic recovery anytime soon, the Fed would be needed to step up to the plate.
According to the chairman, the purchasing of bonds to boost the economy is “an option that is certainly on the table”
Speaking Wednesday, Bernanke said that the Fed would keep interest rates low until at least 2014 and said that hopes of the American economy finally seeing a recovery were faltering. “If there’s a need to let inflation” return “a little more slowly to target in order to get a better result on employment, then that’s something that we would be willing to do,” Bernanke said.
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