Quantitative Easing (QE I) spearheaded by the Chairman of Federal Reserve, Ben Bernanke delayed the inevitable demise of the fiat shadow money banking system slightly over 18 months.
Trade has jumped by 20% in the three years since the last survey was conducted by the Bank for International Settlements (BIS), which is sometimes called the "central bankers' bank".
But London outpaced the average, with turnover up by 25% over the period.
Some $4 trillion (£2.6tn) changes hands around the world every day.
The BBC's business editor, Robert Peston, points out that the sum is equivalent to the entire output of the global economy being traded around once a fortnight on currency markets.
the words of Bernanke “the recent pace of growth is less vigorous than we expected” has all but vindicated my analysis. He warned that the outlook is uncertain and the economy “remains vulnerable to unexpected developments”.
Obviously, Bernanke’s words do not reveal the full extent of the fear that has gripped central bankers and the financial elites that assembled at the annual gathering at Jackson Hole, Wyoming. But, you can take it from me that they are very afraid.
....The “unexpected developments” Bernanke referred to is the collapse of the global banks. This is FED speak and to those in the loop, this is the dire warning.
So what we have is a merry-go-round of monies moving from the right pocket to the left pocket at the click of the computer mouse. The FED creates money, uses it to buy toxic assets, and the same money is then returned to the FED by the global banks to earn interest. By this fiction of QE, banks are flushed with cash which enable them to earn interest. Is it any wonder that these banks have declared record profits?
12) The global banks get rid of some of their toxic wastes at full value and at no costs, and get paid for unloading the toxic wastes via interest payments. Additionally, some of the “monies” are used by these banks to purchase US Treasuries (which also pay interests) which in turn allows the US Treasury to continue its deficit spending. THIS IS THE BAILOUT RIP OFF of the century.
Now that you fully understand this SCAM, it is left to be seen how the FED will get away with the next round of quantitative easing – QE II.
Obviously, the FED and the other central banks are hoping that in time, asset prices will recover and resume their
Originally posted by Asktheanimals
That is, unless humanity can unite and excise this world cancer of crony capitalism.
Originally posted by Vitchilo
reply to post by wutone
And Obama, as usual, shills for the banks and protect their frauds, just like Bush and Clinton did.
Obama Team Punts On Foreclosure Fraud: 'For The Banks and Servicers To Fix'
Yeah, the BANKS WILL FIX THEIR OWN PROBLEMS UH? Rapists will punish themselves? Murderers will punish themselves?
First of all, these crooks are all related. They have huge payoffs coming into their PACs to make sure that the elected crooks don't bit the hand..If we vote Progressive Facist Republican, or Progressive Communist Democrat, two sides of the same coin. Vote ANYONE else in.
OBAMA IS A TRAITOR FOR SUPPORTING THOSE CRIMES AND ANYONE KNOWING THIS SCAM AND STILL SUPPORTING OBAMA IS INSANE.edit on 20-10-2010 by Vitchilo because: (no reason given)
Originally posted by Common Scarecrow
In the past week there have been 44 earthquakes just north of Little Rock, Arkansas. This is an area that hardly ever gets earthquakes.
ALL of the "earthquakes" have been at a depth of 3 miles or less. VERY shallow for earthquakes.
More like a depth for some very large underground tunnel blasting.
Originally posted by pmckart
Originally posted by butcherguy
Originally posted by -PLB-
reply to post by butcherguy
Sorry man but plastic has all of the same qualities as gold, but plastic is actually better because it doesn't biodegrade at all,
Boy have you got it wrong. Takes about ten years, and all plastic or rubber is useless. When I am restoreing an old car, that is the first thing I do. Replace all plastic or rubber pieces. It becomes very brittle.