Everything is now starting to make sense to me at least. The Federal Reserve is trying to bail everyone out and this will produce a lot of downward pressure on the US dollar. Eventually the pressure will become too great leading to a collapse of the currency.An international reserve currency will be organised in the aftermath with an international Central Bank probably led by the IMF.This bank will 'prevent' the bank runs that are taking place at this very moment. The carbon tax scheme will then be the instituted worldwide with the proceeds going to the international bank. I may be wrong but it looks like this may happen....However : the next step in the "Hollywood script", soon the USA will own and control all of europe, and they will get us paying for their defense budget, but i said this almost a year ago, but i am simple. Another step towards the super dollar. ...IN REAL LFE : Greece will see another general strike tomorrow, with ferries and public transport disrupted, schools closed and state hospitals running with reduced staff. The cause, again, is the painful package of austerity measures that the state was forced to take on in return for bail-out cash. Just yesterday eurozone leaders approved the next €8bn payment. Ilias Iliopoulos, deputy leader of the civil servants' union AEDEDY, spoke to AP television: They are creating a situation that can no longer be tolerated, can no longer be endured. Unfortunately people are in a state of somewhere between poverty and despair. The measures are supposed to improve the country's financial situation, but the country is getting deeper into debt, unemployment is rising, and the recession - unprecedented in recent times - is worse than anywhere else in Europe. People are falling apart.
Access Investments-Building Awareness - European Union-ROMANIA
Wednesday, November 30, 2011
Federal Reserve "coordinates" with ECB and Bank of England to allow banks cheaper access to dollar.
Everything is now starting to make sense to me at least. The Federal Reserve is trying to bail everyone out and this will produce a lot of downward pressure on the US dollar. Eventually the pressure will become too great leading to a collapse of the currency.An international reserve currency will be organised in the aftermath with an international Central Bank probably led by the IMF.This bank will 'prevent' the bank runs that are taking place at this very moment. The carbon tax scheme will then be the instituted worldwide with the proceeds going to the international bank. I may be wrong but it looks like this may happen....However : the next step in the "Hollywood script", soon the USA will own and control all of europe, and they will get us paying for their defense budget, but i said this almost a year ago, but i am simple. Another step towards the super dollar. ...IN REAL LFE : Greece will see another general strike tomorrow, with ferries and public transport disrupted, schools closed and state hospitals running with reduced staff. The cause, again, is the painful package of austerity measures that the state was forced to take on in return for bail-out cash. Just yesterday eurozone leaders approved the next €8bn payment. Ilias Iliopoulos, deputy leader of the civil servants' union AEDEDY, spoke to AP television: They are creating a situation that can no longer be tolerated, can no longer be endured. Unfortunately people are in a state of somewhere between poverty and despair. The measures are supposed to improve the country's financial situation, but the country is getting deeper into debt, unemployment is rising, and the recession - unprecedented in recent times - is worse than anywhere else in Europe. People are falling apart.
Subscribe to:
Post Comments (Atom)
6 comments:
Germany is apparently willing to boost the cash available to the IMF via "bilateral loans", after having said at the G20 summit in Cannes in November that it was against such a move. Finance Minister Wolfgang Schaeuble said this evening:
We are prepared to increase the resources of the IMF through bilateral loans. If the IMF wants to widen its freedom to take action by increasing the special drawing rights, then we are prepared to talk about it. But, to be clear, this is about IMF instruments. Naturally, the details would have to be discussed. Bilateral loans are possible in principle.
This could mean that the 17 eurozone nations lend money directly to the IMF, which then passes it on to struggling states. This gets around the problem with the ECB, which is barred from doing exactly that.
The chif bribemaster : The EU's euro commissioner Olli Rehn has just warned that leaders must take a leap of faith with cross-border integration at next week's summit - or see the bloc break up.
We have arrived at a point in time where serious choices and commitments have to be made.
Economic and monetary union will either have to be completed through much deeper integration or we will have to accept a gradual disintegration of over half a century of European integration.
The problem will be attempting to get a compromise on treaty changes among all 27 states, something which many believe is highly unlikely. One solution could be a series of "inter-governmental agreements" that link small collections of countries
Following those absolutely depressing conclusions from the Institute for Fiscal Studies about the OBR forecasts and Autumn Statement (see 13.35 post) and what they mean for our living standards, this is part of the speech the IFS's Paul Johnson gave to reporters today:
Yesterday the Chancellor had to pencil in two more years of substantial spending cuts to deal with most, but not quite all, of this additional problem and is now just on course for meeting his mandate.
That will extend to six years the period for which total spending will have been cut year on year. One begins to run out of superlatives for describing quite how unprecedented that is. Certainly there has been no period like it in the UK in the last 60 years.
America can bail everyone one out with borrowed money from China before we engage in a war with them. Welcome to the US military police state compliments of the last election
http://PalinsDirtyLittleSecret...
giving machine guns to monkeys ....US Federal Reserve intervenes to save eurozone"
Praise be to Uncle Sam for saving the world, yet again!
Oh my, if it weren't for Uncle Sam, the world would still be under the threat of Saddam Hussein and his weapons of mass distruction - pointing at us and bound to go off at any minute!
(I made the last bit up, as did the Americans. If anyone reading this thinks the US stepped in to save the world, help the eurozone, or the US was faintly altruistic, they're delusional and urgently need to seek help.)
The unexpected co-ordination announced by the world's major central banks has been prompted by the crisis in Europe. Analysts have warned in recent weeks that some of Europe's banks were struggling to access funding, on fears of a disorderly default within the eurozone.
In practice, the Federal Reserve sends dollars over to the European Central Bank, in return for euros. By cutting the cost of that transaction (the 'dollar swap rate'), the move should make it much cheaper for European banks to access dollars.
America isn't actually paying the bill to fix Europe's banks, of course -- the Federal Reserve is swapping greenbacks for euros. But, as Bloomberg put it, "the US is helping to fix the crisis in Europe."
The system will work the same way for UK banks, with
1.15pm: Here's the official statement from the Federal Reserve, explaining what the world central banks have agreed.
The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity.
These central banks have agreed to lower the pricing on the existing temporary U.S. dollar liquidity swap arrangements by 50 basis points so that the new rate will be the U.S. dollar overnight index swap (OIS) rate plus 50 basis points.
Post a Comment