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(visit the link for the full news article)
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.
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]
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.
...
Originally posted by ghostsoldier
Fed acts as US recovery loses steam
www.abc.net.au
(visit the link for the full news article)
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.
...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...
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.
Originally posted by ghostsoldier
I say let it burn and build something better in its place (RBE)
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.
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.
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......