Fed acts as US recovery loses steam

Fed acts as US recovery loses steam

www.abc.net.au

There are disturbing signs that the economic recovery in the United States is fast running out of steam.

In its latest monetary policy statement, America's central bank has renewed fears of a double dip recession by warning that the recovery is slowing.

With interest rates left on hold as expected, the Federal Reserve has taken some dramatic action to further grease the wheels of the US financial system.

(visit the link for the full news article)


Related News Links:
www.washingtonpost.com

They really are flogging a dead horse here.

This is an interesting and laterely related (as always) episode of The Keiser Report

artificual heartbeat - Islamic doctrine and US Constitution are the same when it comes to money


The system is wrecked, yous in America (especially) better start getting ready.

If they're basically bailing out wallstreet for a second time in as many years, it wont be long before is implodes.

Thoughts?

www.abc.net.au
(visit the link for the full news article)

[edit on 10/8/10 by ghostsoldier]

Originally posted by ghostsoldier

They really are flogging a dead horse here.

This is an interesting and laterely related (as always) episode of The Keiser Report

artificual heartbeat - Islamic doctrine and US Constitution are the same when it comes to money

The system is wrecked, yous in America (especially) better start getting ready.

If they're basically bailing out wallstreet for a second time in as many years, it wont be long before is implodes.

Thoughts?

www.abc.net.au
(visit the link for the full news article)

[edit on 10/8/10 by ghostsoldier]

You are correct, this is another attempt after a week saying it was essentially okay the recovery to monetizing the debt. The article says that they didn't open the printing presses, but they did. What money are they using to buy the treasuries (which by the way they have been doing for months now, in fact almost a year). And saying that they are using they are rolling the money from the 2 trillion that was fannie and freddie morgtage debt isn't going to cut it. For one where did the money for that come from, THE PRINTING PRESSES. And the same thing is happening to the treasuries. The funny thing about this whole scenario that is being done, is that none of the economists or business channel people are stating the obvious. And that is when a country starts to buy it's own debt, it's in dire situation essentially your monetizing debt and destroying your credit worthiness and currency.

Where done.

There was a 'recovery' in the US? Since when?

the american dollar is worth less than what it was when it was backed by gold.You have to see it compared to uninflated real dollars to see that this is nothing but a sham.

A guy I used to work with (he was a Freemason if that is of interest) once gave me an interesting factoid:

Back in the day, 1-ounce of gold was pressed into a $20 gold sovereign, and with that you could buy a fancy three-piece suit. Now days $20 wouldn't even buy you the belt. But an ounce of gold ($1200) can still buy a pretty decent suit.

So yeah, the whole system is wrecked.

I say let it burn and build something better in its place (RBE)

Originally posted by ghostsoldier
The system is wrecked, yous in America (especially) better start getting ready. If they're basically bailing out wallstreet for a second time in as many years, it wont be long before is implodes.
...

I entirely agree.

Just a few weeks ago, Michigan's Governor Granholm stated that Lansing's budget includes provisions for the occasion that Federal money "doesn't materialize."

Of course, it could be that the state government is making a financial 'plan B' just in case Washington says 'hell no' to requested hand-outs. But I'm reading between the lines.

The state-managed economy is winding down. It's broken. And state governments are making plans to keep their own ships afloat after the Federal Government sinks.

Now, if Federally-dependent state governments are making preparations, the private class damn well needs to.

WOOD TV: "Granholm preparing revised budget plan"

Originally posted by ghostsoldier

Fed acts as US recovery loses steam

www.abc.net.au

There are disturbing signs that the economic recovery in the United States is fast running out of steam.

In its latest monetary policy statement, America's central bank has renewed fears of a double dip recession by warning that the recovery is slowing.

With interest rates left on hold as expected, the Federal Reserve has taken some dramatic action to further grease the wheels of the US financial system.

(visit the link for the full news article)

All that's being revealed is that "Quantative Easing" will continue....
the FED buying all the Treasuries unsold at auctions thus allowing the
Treasury to keep printing notes.

What's not being openly stated
is the fact that the "double-dip" is actually come to promience because
the economic numbers are not corresponding with the fanciful, ficticious numbers the govt & the FED both put out to dupe the public. ...
IOW, the chickens have come home to roost...and no ammount of creative
birth-death models can wallpaper over the real numbers of chronically un-employed

...At some point we’re going to have to claw our way out of this denial.
With 14.6 million people officially jobless, and 5.9 million who have
stopped looking but say they want a job, and 8.5 million who are working
part time but would like to work full time, you end up with
nearly 30 million Americans who cannot find the work they want and desperately need.

www.nytimes.com...

nor the real cost-of-living increases, nor the deflating of the USD (hence price increases in food and other essentials
(No I-pods, Smart Phones are not essentials)


the curtain has been pulled back since TARP, but the illusionists are powerful

[edit on 11-8-2010 by St Udio]

It is sad to see US losing it all, while other countries are growing right now. Even UK just posted a lower unemployment figure, yet in US, the unemployment figure grew.

Yes, we are all awakened to the lies and machinations of TPTB. There is a need to fight against the furtherance of slavery by them. But not today.

Today, we all still need to eat, if not ourselves, it will be our loved ones, to put food on the table. We cannot hold out against TPTB by boycotting money and continue more money to come into our pockets from the Feds, because those monies are still loans from the next generation that we all will be stealing from.

Worse is that we all are using such monies to continue to buy cheap imported goods from other nations to place on our tables, which accounted to their growth today. This is utter stupidity at best.

To fight TPTB is not this way. The system is too entwined into us. To destroy it will be to tear the very fabric of society, ultimately destroying ourselves in the process.

No, this is not the way. The way is to work within such system until we all can find a better system in place. Watch elected representatives carefully and ensure they are part of our system for reforms and rebuilding, and not TPTB's system to continue the slavery and domination.

We must all do our part to talk to our families, friends and relatives to get a job, and get elected representatives to talk to employers for sustainable wages.

Americans are not asking for luxuries, only asking for enough to survive and feed a family with a roof over their heads, and have enough rest.

It is well within the means of the billionaired industrialists to share a part of their wealth in this manner, creating tech products and better paying jobs, trickling it down from corporations to mom and pop shops.

If we fail, not only will the country turns to dust, which will take decades to rebuild, it may mean other nations holding that reserve dollar will collapse with us.

The phoenix will always rise from ashes, but in that meantime duration, too many of humanity will suffer. It is needless, as there are other options yet, and that is to work within the system without destroying it.

Originally posted by SeekerofTruth101
Americans are not asking for luxuries, only asking for enough to survive and feed a family with a roof over their heads, and have enough rest.

Sadly I see the opposite. Americans still haven't learned their lesson. I see people still running out to buy the latest $300-$400 smartphone or $700 iPad. Look at the record sales for the new iPhone for proof. All useless trinkets when it all come crashing down. Americans are not preparing for the eventual economic collapse. They want to bury their head in the sand and continue to buy things they can't afford and live the lifestyle that got us in this mess in the first place.

Those of us that are prepared will be able feed their families. The rest can have fun trying to get by with nothing but a bunch of useless trinkets.

My advice would be to invest in usefull things. Start a vegetable garden in your yard. Learn how to farm. Buy weapons you can hunt with. Buy some dry goods that have a long shelf life for emergencies. Setup some rain barrels to capture water runoff from your property. All of these things do not cost a lot of money and will help you when the SHTF.

reply to post by Erasurehead


To a certain extent I would agree with you.

There are still buyont sales gimmicks galore by import goods retailers to tempt the citizen's monies. Most of them and their kids are in the upper class categories and they with the spending will keep economies going, unfortunately...not US, as such goods are manufacture outside US.

I had seen many more americans struggling daily and it is these group, a large significant portion of them, and with kids that need help by the more fortunate amongst us. There are bills to pay, and it is their courage and perseverance that is keeping them alive and sane.

If there is someone who is not learning their lessons, it is the globalised and 'globalisation enthusiasts' US Corporations. They had fled to other shores for cheaper labour so as to have bigger profit margins.

When they do that, they are only killing the greatest consumers on Earth - americans. Without jobs or low paying ones, no matter how cheap their products are ( unlikely as coke remains the same price in US even with cheap foriegn labour producing it), there will be NO ONE left to buy it.

Not even those countries that they fled too as at $100 a month salary, they would rather drink from natural springs and improvise natural products to live.

Although americans have greed, and the corporations the worse, there is a culture of conscience unlike other nations, due to the founding fathers efforts, from the founding generals to the humble foot soldier who gave his life for the unity of a People and its future.

May sucn conscience returns.

Originally posted by ghostsoldier
I say let it burn and build something better in its place (RBE)

And that's exactly what the Fed is planning. As soon as the whole thing comes tumbling down - and they are trying to postpone that moment as long as possible - the dollar will be replaced by a IMF-controlled currency.

However, I am pretty sure the EU and BRIC will prevent that from happening.

PS - Isn't it ironic that amidst all these doom stories about the US economy, the dollar is appreciating against the Euro, extremely rapidly...

[edit on 11-8-2010 by Mdv2]

I sincerly doubt if the feds are going to allow itself to collapse. It is a private bank and its majority funds come from private investors.

It will mean their savings liquidated, let alone think of future promised returns. The fed will be on receivership. The puppet would be murdered if he allows it to happen.

In the past months, the fed had tried to stifle loans to shore up its savings and returns, but it caused the US economy to tank.

They realized their errors and will now have to open up and encourage loans with their hoarded wealth. Either they do this or the fed will end up in receivership.

As for the US dollar rising against the Euro, it have to, because if not, europe will be worse off than US if its highly price goods to pay for social welfare bills are not exportable. Eu will be disbanded and the govts there will be toppled overnight.

It's just another chess game in play, this time economic, with US and Europe on one side and the rest of world on another to get out of the financial disaster caused by globalisation and the intense easy flow of money inorder to remain in power.

Whomever win or loses, its the masses who will have to suffer and pick up the pieces. The only hope is for a natural balance now - The fed money printing press vs the balance of reserve US dollar every nation now holds.

Killing each other by counter moves will only upset the balance with no one winning as all will be destroyed.

The only way is to keep the game going smoothly, and the greedy fed investors sit down and work out some win win solution for all, this time with a fairer system of earning money for real resources and labour, not by usury but by true investment and honestly paid wages, even if it means an IMF controlled currency but it must be backed and acceptable by all - both investors and workers.

It may not be the best option, but it is the only solution under such extreme circumstances......

Originally posted by SeekerofTruth101
I sincerly doubt if the feds are going to allow itself to collapse. It is a private bank and its majority funds come from private investors.

What makes you think that? While the moronic masses were trading their bogus treasury notes for beads and blankets the fat cats were turning their wealth (savings) into ranches, factories, mines etc. Iphones versus copper mines. We're so stupid it's painful to watch.

The puppet would be murdered if he allows it to happen.

That puppet is a sacrificial lamb. Every one of these Fed Chairmen know that it's a game of "hot potato". You do the bidding of your masters in return for nice perks if you make it out the door before the sh*t bombs goes off in your face- like Greenspan. Bernanke didn't really cause this problem but he's the one who got put into the game at the bottom of the ninth inning. Good luck Ben.

In the past months, the fed had tried to stifle loans to shore up its savings and returns, but it caused the US economy to tank.

This is incorrect. The Fed has been lending money to banks at 0% interest. The banks were SUPPOSED to loan it out to main street. Rather than take the gamble (this ship is sinking fast) they opted to loan it to Uncle Sam at a guaranteed, albeit minuscule, rate of return by buying government bonds. Now you know why the bond auctions haven't completely failed.

They realized their errors and will now have to open up and encourage loans with their hoarded wealth. Either they do this or the fed will end up in receivership.

I don't want to get ugly with a brethren here on ATS but what have you been smokin? At the end of the Great Depression of the 30's banks, investment houses, large insurance companies etc. owned everything that Americans had lost. They stole it all then they sold it all back to us. They called it "shearing the sheep". They're getting ready to shear the sheep again. If it worked once and we're to stupid to figure out how the game's rigged it will work again. In fact, it will work over and over and over....

As for the US dollar rising against the Euro, it have to, because if not, europe will be worse off than US if its highly price goods to pay for social welfare bills are not exportable. Eu will be disbanded and the govts there will be toppled overnight.

Partly correct. The big driver here isn't the fear of a trade imbalance so much as the justified terror that there will be a string of sovereign debt defaults that will destroy the Euro. These whack jobs somehow think the dollar will survive so they invest in dollars. They're nuts of course but when you're wealthy but not so wealthy as a Rothschild where do you protect your wealth especially when every nation on earth is going down the financial tubes?

It's just another chess game in play, this time economic, with US and Europe on one side and the rest of world on another to get out of the financial disaster caused by globalisation and the intense easy flow of money inorder to remain in power.

Chess game, no- musical chairs, yes. Every country is hoping against all hope that when the music stops they will still have a seat. They won't but like I said, they hope and hope causes some pretty dingy thinking. Hence, "grabbing at straws".

Whomever win or loses, its the masses who will have to suffer and pick up the pieces. The only hope is for a natural balance now - The fed money printing press vs the balance of reserve US dollar every nation now holds.

Correct, the little people always lose. There's the way it ought to be and there's the way it is. The sheep will get one hell of a hair cut this time around. Now, as to natural balance, there's nothing natural about any of this and there's nothing natural that can fix it. When amoral greedy people take over governments and fleece the little people it's a very natural thing to them. Does it appear natural to you? Go ask David Rockefeller for half of what he owns to give to the poor and watch his natural response.

The only way is to keep the game going smoothly, and the greedy fed investors sit down and work out some win win solution for all, this time with a fairer system of earning money for real resources and labour, not by usury but by true investment and honestly paid wages, even if it means an IMF controlled currency but it must be backed and acceptable by all - both investors and workers.

Do you really believe this is possible? A Rockefeller a Rothschild or a Soros's idea of a win/win is for them to get all of your money and for you to lick their bottoms really good before you dry up and blow away.

It may not be the best option, but it is the only solution under such extreme circumstances......

The solution will be a total worldwide collapse of governments and financial systems. Then we can all eat our bankers and begin the job of rebuilding the world. At least those of us that are left.

reply to post by ghostsoldier


It seems as though they are burning their candle at both ends yet again. It would be logical for them to monetize the US system, but behind the scenes, there is a de-monitization in attempts to destabilize China. Since we owe them trillions of dollars, it is in the banker interest to jam 2 incidents into the system at the same time to their greedy advantage. If demonitizations occur, our dollar equity debt is eased while creating a financial vacuum in the US due to decreased monetary value. And at the same time they are trying to inflate and stabilize the value of the dollar for economic reasons here in the US to rebuild the dollar as a global currency versus the Hyuan (since China is now #2 as an economic powerhouse bypassing Japan). Stability through controlled chaos, and media deception as the tool to implement it.

Since they want to devalue and also inflate the int'l currency trade to the American advantage, it plays havoc on global markets. They want their cake, and eat it too. In a sense, the American taxpayer is the culminated pawn in the global financial strategies, but America is not the only pawn on the board. The only entities it serves advantage to are the International Holdings conglomerates as they borrow interest free (directly from the Fed Reserve [bernanke] via proxy of the Treasury [Geithner] ). It is the traditional banks and businesses that pay the price for this, since they are wary victims to tyrants like Goldman Sachs, The BIS, and the IMF. The world and her resources is their piggy bank.

Since this occurs every day in different banking systems, they seem to be stumbling over their own feet in order to compete and survive. All of this invisible money backed by invisible debt based assets has become so grotesquely huge and rough around the edges that it is lacerating the handlers. And they turn into crybabies when they themselves have to bleed for personal gain.

The IMF is mainly based out of NY (the Fed Res of NY) which is where much of the corruption is from (Goldman Sachs -> Greece, Spain, Italy). It follows patterns of austerity and a planned strategy to restructure their assets and implement the greater agenda. Let's not forget that Rockefeller owns JP Morgan, who is the main proprietor over the Fed Reserve Bank. Policies will play out just as they desire it to.

Adjusting prime rates and controlling lending is their business plan, which is primarily a media ploy to push banks into borrowing, and then lending into an unstable business economy. The elimination of the competition follows this activity. It is common for these elites to devalue businesses and buy them out for pennies on the dollar. And when the IMF is directly tied to institutions like Goldman Sachs, who has their hands in everything, there are untold amounts of blank checks being dished out. Profits are kept, losses are written off (passed to the taxpayer as 'public debt'), and one by one the American business becomes part of the industrial complex under government control. Everything we valued as the 'American Pie' have, or are quckly becoming government subsidized and privatized weapons of monetary destruction. Many folks will wake up in the future and find themselves dead center of the militarized global police force where there are two archetypes; the controllers and military, and those who serve this beast. You will either be the machine, or the maintenence crew for the machine.

The economy lost its steam in March 2008 when the markets dropped thousands of points in a matter of days. Everything after that has been statistical manipulations for MSM, and empty press releases of a rapid recovery. It was the smokescreen of the 'recovery effort' that blinded us to the unbridled robbery of trillions of dollars from our national coffers. We've not had any negligible amounts of gold in Ft Knox for decades, and the only saving grace we had/have is the most powerful military in the world. If we did not have this military, we would be as poor as any other 3rd world nation. If we actually had solid assets to back our currency, then we wouldn't be in the position we're in now. We're here now because we owe more than we own or create. The days of world trade policies are dwindling to an end. That's a good thing for us, as we NEED to learn to stand on our own 2 feet before we play 'planet cops'.