Jon Hilsenrath is the Wall Street Journal Senior Economics Correspondent and is alleged to have the inside scoop on Fed action plans. In this clip he explains that the Fed is likely to try further easing experiments given evidence of a renewed weakening in the US economy. He reviews some different ideas the Fed may undertake and points out that they could announce new measures as early as next week or the September meeting, but no matter what or when, the Fed is increasingly between a rock and a hard place, likely to disappoint both sides of the political aisle. Here is a direct link.
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If printing/lending newly created money into existence is GOOD and RIGHT, then how comes nobody but the Fed is allowed to PRINT and the banking cartel to LEND?
Either it is GOOD to create new money out of thin air. Then all should be allowed to.
Or, it is bad, and then NOBODY should be allowed to counterfeit the currency (not even the Fed).
On a similar note:
Is the BB led Fed just a bunch of mindless morons or a cover up for the greatest theft ever?
Obviously, new money creation out of thin air leads to a trade of nothing for something.
How could such a trade, of nothing for something, be simulative to the broader economy is a unclear. If anything, it should depress the broader economy.
Lacy Hunt, chief economist at Hoisington Investment Management, quoted in Barron’s: “If the central bank [U.S. Fed] injects liquidity it can’t control where it goes. It can go into stocks, but unfortunately in this environment, it will likely fan commodity speculation. It may benefit Wall Street but it will harm the great majority of households that are not doing well.”
‘Give me control of a nation’s money and I care not who makes her laws.’
(M. A. Rothschild)
Or,
‘I paint as if I was Rothschild.’
(Paul Cezanne)