The Federal Reserve today announced it's plan to help stimulate the economy. The plan is to buy 40 million dollars of mortgage bonds each until further notice in the hopes that it will bolster the economy and generate jobs. RT's Lauren Lyster brings us her take on whether or not she thinks this method will work.
Friday, September 14, 2012
More details on the Fed easing
Sep 13, 2012 by AlJazeeraEnglish
The economy remains one of the leading issues in the 2012 campaigns for the US presidency.
With the collapse of the US financial sector in 2008, and the staggering unemployment levels, President Obama's tenure in the Oval Office has been defined by the economy and the worst recession in a lifetime.
In a bid to turn the economy around, the US central bank has announced it is pumping billions of dollars into the economy, a third round of "Quantitative Easing".
The economy remains one of the leading issues in the 2012 campaigns for the US presidency.
With the collapse of the US financial sector in 2008, and the staggering unemployment levels, President Obama's tenure in the Oval Office has been defined by the economy and the worst recession in a lifetime.
In a bid to turn the economy around, the US central bank has announced it is pumping billions of dollars into the economy, a third round of "Quantitative Easing".
101 East - Mining the Last Frontier
Sep 13, 2012 by AlJazeeraEnglish
Lucrative mining projects backed by foreign investors are destroying forests and threatening indigenous tribes who live off the land in the Philippines' Palawan. 101 East explores if a balance could be struck between development and local interests.
Lucrative mining projects backed by foreign investors are destroying forests and threatening indigenous tribes who live off the land in the Philippines' Palawan. 101 East explores if a balance could be struck between development and local interests.
Ron Paul: We're Creating New Money Out of Thin Air
Sept. 13 (Bloomberg) -- Texas Representative Ron Paul discusses his reaction to Federal stimuli. He speaks with Trish Regan on Bloomberg Television's "Street Smart."
Jeff struggles yet again
Jeff Christian again has proved his invaluable worth as a contraian indicator with his predictions earlier this week of no new QE and crashing Gold & Silver prices. Jeff well you can go kiss my ass - oh look he has already puckered up. Link to Jeff's earlier interview
Ben hits Ctrl-P
As widely expected Ben Benanke and his paper junkies at The Federal Reserve have embarked on another QE scheme to keep the US banking sector from sinking and taking the remnants of the US economy with it. One could also argue it has been done now so as to help Wall St's favorite Kenyan get re-elected.
The latest scheme is to buy more Mortgage Backed Securities (MBS) to increase their price (improves bank balance sheets) and lower their yield (lowers mortgage interest costs to help borrowers) by the tune of $40bn per month for as long as needed. The Fed also signaled that ZIRP (near zero short term interest rates for their mates) would likely continue into 2015, just in case anyone had any doubt it would.
Sep 13, 2012 by AssociatedPress
Sep 13, 2012 by Euronews
The latest scheme is to buy more Mortgage Backed Securities (MBS) to increase their price (improves bank balance sheets) and lower their yield (lowers mortgage interest costs to help borrowers) by the tune of $40bn per month for as long as needed. The Fed also signaled that ZIRP (near zero short term interest rates for their mates) would likely continue into 2015, just in case anyone had any doubt it would.
Sep 13, 2012 by AssociatedPress
Now to translate that into English......
Sep 13, 2012 by Euronews
Keiser Report: Banksters Bilking Billions
Sep 13, 2012 by RussiaToday
In this episode, Max Keiser and Stacy Herbert discuss David Cameron appointing former bankers to Treasury. We look at another former banker who became a Treasury Secretary only to become a bankster - Robert Rubin - and his role in Citigroup bilking Abu Dhabi of billions. In the second half of the show, Max Keiser talks to Reggie Middleton about Facebook, fraud and financialization.
In this episode, Max Keiser and Stacy Herbert discuss David Cameron appointing former bankers to Treasury. We look at another former banker who became a Treasury Secretary only to become a bankster - Robert Rubin - and his role in Citigroup bilking Abu Dhabi of billions. In the second half of the show, Max Keiser talks to Reggie Middleton about Facebook, fraud and financialization.
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