Tag Archives: corruption

Federal Reserve launches QE3 – CNNMoney

16 Sep
English: A frame from a screencast from the US...

English: A frame from a screencast from the US House Financial Committee full committee hearing “An Examination of the Extraordinary Efforts by the Federal Reserve Bank to Provide Liquidity in the Current Financial Crisis which took place Tuesday, February 10, 2009, 1:00pm, 2128 Rayburn House Office Building. The frame shows Chairmen Ben Bernanke responding to a question posited by John E. Sweeney Full Committee (Photo credit: Wikipedia)

Bernanke’s QE3 Announcement in 90 seconds (CNN video)

From CNNMoney

“NEW YORK (CNNMoney) — The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy.

“The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air, as the Fed will re-evaluate the strength of the economy in coming months.

“The Fed is wasting no time. The purchases begin Friday and are expected to add up to only $23 billion for the remainder of September.

“The bond-buying policy “should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative,” the Fed’s official statement said.

“Meanwhile, the Fed will continue its existing policy known as Operation Twist. Together the two programs will add $85 billion in long-term bonds to the Fed’s balance sheet each month.

“In addition, the Fed also indicated that it plans to keep short-term interest rates at “exceptionally low levels” until mid-2015. Previously, the Fed had forecast rates would remain low until late 2014.

“The central bank’s main objective is to lower interest rates and mortgage rates in particular. By keeping rates low, the Fed hopes to fuel more spending and eventually, more hiring.

“Related: QE3 won’t create jobs

“The Fed has been trying to stimulate the economy for over three years now, and has exhausted its usual tool by keeping interest rates near zero since late 2008. Quantitative easing is an unconventional way of trying to lower rates further.

“But given that the unemployment rate has remained above 8%, the Fed is still not satisfied.

“The weak job market should concern every American. It imposes hardship on people and a waste of human skills and talents,” Fed Chairman Ben Bernanke said in a press conference later Thursday.”

Read more at CNNMoney

Words Well-Said: Thoughts From Around the Web ‘Fast & Furious’ (with video)

24 Jun

Sometimes I see bits of wisdom, new perspectives, clever humor, and other fearless ways of dropping  serious knowledge bombs on FaceBook, comment sections, twitter, etc and I’d like to start sharing them.

This came from the FaceBook wall of a reader who wishes to remain anonymous. In a comment on a post about Fast and Furious on the reader’s wall, someone brought up “the race card,” in regards to the Eric Holder contempt charges, accusing the “other side” of using it. I personally have not seen any evidence indicating that this busted conspiracy is about race. I’ve heard theories supposedly held by right wing nuts, but they were so far from any popular theory I’ve heard, and didn’t come close to what the majority of the liberty movement  believes, that the ideas seem to have been propagated, or at least perpetuated, by the left to discredit those willing to say “the emperor has no clothes.”   This is what the TimeTimes reader had to say:

English: Deputy Attorney General Eric Holder o...

English: Deputy Attorney General Eric Holder opened an Interagency Working Group meeting of the White House Initiative on Asian Americans and Pacific Islanders hosted by the Department of Justice on October 18, 2000, which addressed LEPissues. In the immediate background, White House representative Irene Bueno, Assistant Attorney General for Civil Rights Bill Lann Lee, and Community Relations Service Director Rose Ochi look on. (DOJ photo) (Photo credit: Wikipedia)

“All I’ll say on that is that I have seen both Caucasians and African Americans throw it around. It’s a ridiculous, intentionally divisive distraction that incites the nastiest side of humans, and prevents us from getting down to the real issue, which is that Eric Holder is a traitor and conspirator against the US. And with Obama having used executive privilege to hide what could be (is) incriminating documents, more suspicions are raised. It’s US the PEOPLE vs THEM the GOVERNMENT. We have to forget this petty shit. Oh and check it out, looks like Obama has used exec privilege with Holder in the past.”

Excerpts From thedailycaller.com:

“According to the Los Angeles Times, Holder drafted an “options memo” that allowed Clinton to grant commutations to the terrorists in the late 1990s when several high-ranking Department of Justice officials opposed the move. That options memo effectively facilitated clemency for those terrorists. Holder went against the DOJ’s Pardon Attorney Roger Adams’strong opposition to any clemency in several internal memos and a draft report recommending denial” and pushed to get the terrorists’ sentences commuted.”

“Though that memo itself is still protected by Clinton’s executive privilege and has not been made public, members of Clinton’s administration, including Holder, were allowed to talk about it and anything else to do with the pardons, commutations and grants of clemency after Clinton waived the executive privilege after leaving office.”

“Fast-forward to shortly after President Barack Obama was elected. He had nominated Holder to be the United States Attorney General and Cornyn was pressing him to testify about the details of those FALN terrorist commutations. When asked to testify about the options memo, Holder claimed under oath in the congressional record that he was “not authorized” to do so.” (my emphasis added)

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Juan Carlos: King of Spain, Pres WWF Spain, & Elephant Hunter

27 May

WWF

The Spanish people were angered when King Juan Carlos went on an expensive elephant hunt during their current economic crisis.  In this case however, it’s not just because it is a frivolous use of money that has people upset, but King Juan Carlos is also the president of the Spanish branch of the World Wildlife Fund.

Florida Governor Scott embarrassed the King when he asked him about the hunt, causing an “international stir.”  Governor Scott said, “I’ve ridden elephants, I’ve never tried to shoot one,” as he walked in to shake King Juan Carlos’ hand.

Tampa Bay Times

“All the news outlets highlight the absolute lack of tact of the Florida governor, which can only be attributed to poor preparation for the meeting,” TV personality Sandra Sabatés says on the satirical news show El Intermedio (Halftime). “Gov. Scott continues, obstinate in his error. He adds insult to injury and asks the king increasingly uncomfortable questions about the details of the hunt.”

Read the rest here

Save the animals…so royalty can shoot them?

 

Edited May 27, 2012 at 6:30 PM to embed video.

EPA Official Al Armendariz Likens Philosophy to Romans Pillaging Turkish Villages, Crucifying People To “Make Examples Out of Them”

28 Apr

In this video, you will see Environmental Protection Agency (EPA) official, Region VI Administrator Al Armendariz, make some bold admissions about EPA’s tactics that more resemble those of bullies than caretakers.    In 2010 he said,

“I was in a meeting once and I gave an analogy to my staff about my philosophy of enforcement, and I think it was probably a little crude and maybe not appropriate for the meeting, but I’ll go ahead and tell you what I said:

“It was kind of like how the Romans used to, you know, conquer villages in the Mediterranean.  They’d go in to a little Turkish town somewhere, they’d find the first five guys they saw and they’d crucify them.

“Then, you know, that town was really easy to manage for the next few years.”

“It’s a deterrent factor”























YMF
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