Tag Archives: Fall of the republic

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

News That Proves We’re Screwed – The Fall of The Republic UPDATED

30 Aug

The corrupt shadow government is unveiled a little more each week.

Two Cheers for Syrian Islamists (ForeignPolicy.com)

It is not a secret that the U.S. government is funding Syrian rebels, who include members of Al Qaeda, but this may be the first time they have openly called for “two cheers” in praise of the radical Islamic Jihadists fighting against the Assad regime. I find it odd that the title is so complimentary, yet in the article it specifically says, “Of course, Syrian Islamists are no friends of the United States–merely the enemies of one of its enemies.” This is like smiling while delivering horrible news of betrayal. When I read that, I got this picture in my head of a woman smiling as she says to her friend “Let’s go celebrate your marriage with ice cream! Of course, your husband is cheating on you.” Backwards is forwards, up is down, wrong is right, logic is insanity.

deceptology.com

Syrian Rebels Fly Al Qaeda Flag – video (youtube)

Syria: TV station attacked, 7 staffers killed (Associated Press)

Bill Gross: “Normal” Economic Growth Impossible Now (moneymorning.com)

“Legendary market maven Bill Gross, the so-called “King of Bonds,” said investors will flat-out lose money if they continue employing the “buy and hold” strategies of the past.

“In his August Investment Outlook, Gross told investors that “financial repression, QEs of all sorts and sizes” and low interest rates will “dominate the timescape” for decades, maybe longer.

Investors must adjust to the new world order to avoid being the loser in this zero-growth environment, Gross warned.

“Ultimately, Gross said, the stock market’s historical, inflation-adjusted 6.6% annual growth rate is unsustainable.

“Gross, of course, is a bond man.

“In March, he launched an ETF version of his popular Pimco Total Return Fund (PTTRX) – the world’s biggest mutual fund, with more than $260 billion in assets. The Pimco Total Return ETF (NYSE: BOND) quickly attracted $2.1 billion in total deposits and has outpaced the S&P 500 by more than 5% so far.

“But even bonds – both government-backed and corporate – can’t escape the realities of a no-growth economy.

According to global economic trend forecaster Chris Martenson, a former VP of a Fortune 300 company, the historical growth rates investors have come to expect – in every asset class – are no longer mathematically possible.

“Right now, there are dangerous economic constraints,” he said, “mainly created by failed government policies, which show exponential growth in our markets is impossible.”

Exclusive: U.S. banks told to make plans for preventing collapse | Reuters (chicagotribune.com)

(Reuters) – U.S. regulators directed five of the country’s biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

The two-year-old program, which has been largely secret until now, is in addition to the “living wills” the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.

Brandon J. Raub, Former Marine, Detained After Anti-Government Facebook Postings (Huffington Post)

Marine Veteran Brandon Raub Sentenced To Up To 30 Days In Psych Ward Over Facebook Posts (businessinsider.com)

Excerpt:

“Lawyers from The Rutherford Institute represented Brandon Raub during the three-hour hearing today at the John Randolph Medical Center and released a statement, saying Raub has been ordered to “up to 30 days’ further confinement in a VA psych ward” after “government officials againpointed to Raub’s Facebook posts as the sole reason for their concern and for his continued incarceration.”

“According to Raub’s mother, authorities from the FBI, Secret Service and Chesterfield County PD came to their door on Thursday evening, questioned Raub about his Facebook posts, then handcuffed him and placed him in a Chesterfield PD squad car before taking him to John Randolph Psychiatric Hospital in Hopewell, Va.”

“Both the FBI and Secret Service said Raub was not arrested or charged, but the Rutherford Institute statement points out that “if the police have put handcuffs on you and you’re being held against your will, that qualifies as an arrest.”

Veteran Marine Taken By FBI For Anti- Government FaceBook Posts

Foreign and Domestic: Exposing America’s True Enemies – VIDEO

19 Aug


Open your eyes.

 

 

White House Press Corps Wonders When Obama Will Actually Take Their Questions – Huffington Post

18 Aug

English: Barack Obama delivering his electoral...

From The Huffington Post

The agitation appears to be increasing among the media as President Obama continues to avoid taking questions from White House reporters. On Friday, Obama’s deputy press secretary parried a series of volleys from the White House press corps, all of whom wanted to know when the president would break his over-two-month streak of not formally answering their questions.

The issue has edged its way into the media spotlight in recent days, especially after Obama spoke about the campaign on “Entertainment Tonight” and talked about his music tastes with a New Mexico radio station. That led to acid replies from ABC’s Jake Tapper and the “Morning Joe” team. NBC’s Andrea Mitchell also had a sharp exchange with Ben LaBolt, the Obama campaign’s press secretary, about Obama’s AWOL approach. On Friday, she repeated the line of attack with DNC chair Debbie Wasserman-Schultz.

On Friday, multiple reporters asked deputy press secretary Josh Earnest when Obama would appear next before them.

“I don’t have any scheduling announcements,” Earnest said. He contended that the press has actually “heard quite a bit” from Obama, who he said has been “talking to a number of reporters.” He also said that Obama had answered a question shouted at him at a bill signing from a White House reporter, and that the press had been able to air the president’s comments to

NBC’s Kristen Welker noted that Obama has been talking about things like his views on the song “Call Me Maybe.”

Read the rest of the story here

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