qe2 // Current TV

(How to) End the FED (for dummies) Pt. 3 of 3

...A plummeting dollar is hitting Americans squarely in the wallet and gas tank, and... more

GeneralStrikeUSA
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La debilidad del euro frente al dólar persistirá en el corto plazo

NVN Securities recomienda vender el cruce euro-dólar (EURUSD) en niveles de... more

sdieditor
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1 year ago
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La Bolsa de México, con fuerte impulso para alcanzar nuevos máximos históricos

Pese a que el mercado luce sobrecomprado, no se descarta que el IPC alcance el... more

sdieditor
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1 year ago
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PREPARING FOR REVOLUTION: PROGRESSIVE MEDIA KNOWS FOOD CRISIS AND VIOLENCE ARE COMING

Related Articles: Eurozone Debt Crisis 2.0: Dollar Sucks Less than Euro, Again... more

GLOBALPOLITICAL
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1 year ago
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US waits for China to make decisions, then reacts.

US markets would always react on US news. Not any more. Now we wait for China to give... more

NickDoms
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1 year ago
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GLOBAL POLITICAL AWAKENING: How In The World Did We Get To The Point Where The Federal Reserve Is Printing Money Out Of Thin Air Whenever It Wants?

Ben Bernanke and the rest of the folks over at the Federal Reserve did not just wake up one day and decide that they wanted to start printing hundreds of billions of dollars out of thin air. The truth is that the economic forces that have brought us to this point have taken decades to develop. In the post-World War 2 era, when the U.S. economy has fallen into a recession, either the Federal Reserve would lower interest rates or the U.S. government would indulge in even more deficit spending to stimulate the economy. But now, as you will see below, both of those alternatives have been exhausted. In addition, we are now rapidly reaching the point where there are simply not enough lenders out there to feed the U.S. government's voracious appetite for debt. So now the Federal Reserve is openly printing hundreds of billions of dollars that will enable them to finance U.S. government borrowing, and (they hope) stimulate the U.S. economy at the same time. Unfortunately, the rest of the world is not amused. Nations such as China, Japan and many of the oil-exporting nations of the Middle East have accumulated a lot of U.S. dollars and a lot of U.S. Treasuries and they are not pleased that those investments are now being significantly devalued.
So how did we get to this point? Why is the Federal Reserve printing money out of thin air in a desperate attempt to stimulate the economy?
Well, the Federal Reserve has more or less exhausted all of the other tools that it has traditionally used to help the economy during an economic downturn. As you can see from the chart below, the Federal Reserve has lowered interest rates during past recessions. The goal of lowering interest rates is to make it less expensive to borrow money and thus spark more economic activity. Well, as you can see, the Federal Reserve has no place else to go with interest rates. Over the past 30 years, rates have consistently been pushed down, down, down and now they are kissing the floor....

Another way that the U.S. economy has been "stimulated" over the past 30 years is through increased government spending. The theory is that if the government spends more money, that will get more cash into the hands of the people and spark more economic activity. That was the whole idea behind the "economic stimulus packages" that were pushed through Congress. However, increased government spending always comes at a very high cost under our current system. Government debt is now totally out of control. As you can see below, the U.S. national debt has exploded from about one trillion dollars in 1980 to over 13 trillion dollars today. Currently, there is very little appetite in Congress for more government spending to stimulate the economy, especially after the results of the November election.
Most Americans don't realize it, but much of our incredible "prosperity" over the last 30 years has been fueled by the mountains of debt that we have accumulated. Now U.S. government debt is exploding at an exponential rate....

Sadly, the U.S. government has absolutely no self-control when it comes to spending money. Our politicians are absolutely addicted to debt.
The truth is that the U.S. government just can't seem to stop wasting money. One of the most comical news stories of the past few days involved the Recovery Independent Advisory Panel, which is a sub-committee of the larger Recovery Accountability and Transparency board. This panel will be holding a meeting on November 22nd to discuss how to prevent "fraud, waste, and abuse" of economic stimulus funds.
So where will this meeting be held?
It is going to be held at the ultra-luxurious Ritz Carlton Hotel in Phoenix, Arizona.
Yes, seriously.
You just can't make this stuff up.
So if the Federal Reserve cannot stimulate the economy through lower interest rates and the U.S. government cannot stimulate the economy by spending even more money, what does that leave us with?
Unfortunately, that leaves us with either doing nothing or with having the Federal Reserve print money out of thin air and shovel it into the economy.
Sadly, even after months of news headlines about quantitative easing, most Americans still do not understand what it is. The following is a short video that is very humorous but that also does a good job of simply explaining what quantitative easing is and why it is bad for the U.S. economy....

READ MORE: http://globalpoliticalawakening.blogspot.com/2010/11/how-in-world-did-we-get-to-point-where.htmlBen Bernanke and the rest of the folks over at the Federal Reserve did not just wake... more

GLOBALPOLITICAL
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1 year ago
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The French Connection with guest Adrian Salbuchi - November 9, 2010

Daryl Bradford Smith from http://www.iamthewitness.com/ talks with geo-political... more

maasanova
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1 year ago
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BRIC countries get the benefit of US monetary easing

See how BRIC countries get most of the $600 billion QE 2.0 money.... more

NickDoms
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1 year ago
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The Fed No Longer Cares About Hiding The Fact It Is Killing The Dollar

Analysts, Economists, Even Fed Employees Warn Against Disastrous QE2 A number of... more

im1mjrpain
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1 year ago
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The UK needs fiscal discipline and QE

The UK's austerity package may not be enough to fight reflation. A round of QE... more

NickDoms
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1 year ago
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Michigan Says Enough To Fed: Takes Matters Into Own Hands As It Starts Using Own Currency…And Gold

Either in anticipation of QE2 which will cut the value of the dollar by another 50% once another $2 trillion in toxic crap becomes the “assets” backing the viability of the dollar, or just because they are sick of Fed policies, mid-Michigan has taken monetary matters into their own hands, and in one simple act, completely bypassed the destabilizing influence of the domestic currency printers. As ConnectMidMichigan reports, “New types of money are popping up across Mid-Michigan and supporters say, it’s not counterfeit, but rather a competing currency. Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender.” The plan is so simple, it just may work – after all if one can’t get away from the Fed’s probing and pickpocketing long fingers, all one has to do is learn to live without its parasitic pieces of paper. And not just paper: “I sell three or four every single day and then I get one or two back a week,” said Dave Gillie, owner of Gillies Coney Island Restaurant in Genesee Township. Gillie also accepts silver, gold, copper and other precious metals to pay for food.” So yes, you can eat gold…. and load up your gas tank with it.

More from CMM:

“Do people have to accept dollars or money? No, they don’t,” Gillie said. “They can accept anything they want or they can refuse to accept anything.”

He’s absolutely right.

The U.S. Treasury Department says the Coinage Act of 1965 says “private businesses are free to develop their own policies on whether or not to accept cash, unless there is a state law which says otherwise.”

hat allows gas stations to say they don’t accept 50- or $100 bills after a certain time of day in hopes of not getting robbed.

A chiropractic office in Lapeer County’s Deerfield Township allows creativity when it comes to payment.

“This establishment accepts any form of silver, gold, chicken, apple pie, if someone works it out with me,” said Jeff Kotchounian of Deerfield Chiropractic. “I’ve taken many things.”

Jeff Kotchounian says he’s used this Ron Paul half troy ounce of silver to get $25 worth of gas from a local station.

While the government and banks don’t accept them, many others do.

So why is there interest in these competing currencies?

Is it just novelty or is there something deeper?

If the ruling kleptocrats, pardon, the Fed, demand on being such an intimate part of everyday life, and procuring all of the population’s real wealth and cash producing assets in the process, said population has a choice of either going with this sheepish approach, and meekly allowing the loaded gun to be parked at its temple, or do what Michigan, with its 99.9% real unemployment, has decided to do.Either in anticipation of QE2 which will cut the value of the dollar by another 50%... more

im1mjrpain
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1 year ago
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31 comments

Queen Elizabeth 2 runs aground

The QE2 is being bought by Dubai and being made into a floating hotel???? I guess... more

Psychedelic
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3 years ago
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10 comments

QE2's Final Departure from NYC (photos)

Photographs of the QE2's final departure from New York City, which took place on... more

ebindelglass
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3 years ago
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QE2 Passes Forth Bridge on Farewell Tour (photos)

Photographs from Edinburgh, Scotland on Tuesday, October 7, 2008.

ebindelglass
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3 years ago
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(How to) End the FED (for dummies) Pt. 3 of 3

La debilidad del euro frente al dólar persistirá en el corto plazo

La Bolsa de México, con fuerte impulso para alcanzar nuevos máximos históricos

PREPARING FOR REVOLUTION: PROGRESSIVE MEDIA KNOWS FOOD CRISIS AND VIOLENCE ARE COMING

US waits for China to make decisions, then reacts.

GLOBAL POLITICAL AWAKENING: How In The World Did We Get To The Point Where The Federal Reserve Is Printing Money Out Of Thin Air Whenever It Wants?

The French Connection with guest Adrian Salbuchi - November 9, 2010

BRIC countries get the benefit of US monetary easing

The Fed No Longer Cares About Hiding The Fact It Is Killing The Dollar

The UK needs fiscal discipline and QE

Michigan Says Enough To Fed: Takes Matters Into Own Hands As It Starts Using Own Currency…And Gold

Queen Elizabeth 2 runs aground

QE2's Final Departure from NYC (photos)

QE2 Passes Forth Bridge on Farewell Tour (photos)

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