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Keyword: qe2

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  • How Colonel Gaddafi ordered a submarine to torpedo the QE2

    09/01/2016 6:10:19 AM PDT · by sukhoi-30mki · 11 replies
    MAILONLINE ^ | 1 September 2016 | SARAH DEAN
    When the Queen Elizabeth 2 set sail for Israel in April 1973, the hundreds of passengers on board were blissfully unaware that Libyan dictator Colonel Gaddafi had ordered a submarine to torpedo Britain's most famous cruise ship. Blood-thirsty Gaddafi was seeking revenge on Israel after a Libyan passenger plane was shot down by Israeli fighter jets on 21 February, 1973, killing 108 people. He'd set his target as the QE2 which was packed with Jewish passengers undertaking a chartered cruise through the Mediterranean to Israel in commemoration of the 25th anniversary of the state's founding. Details of the failed QE2...
  • Will the Queen 'take control' if election creates a stalemate? (British Election)

    05/07/2015 1:27:42 PM PDT · by NRx · 71 replies
    The Guardian ^ | 05-07-2015 | Jessica Elgot
    The Times and the Mirror are citing royal sources suggesting that the Queen could end up running the nation if there is no clear winner in the UK election. But does she have the power to fire or hire a prime minister?
  • Everything you ‘know’ about the Fed is wrong

    04/24/2013 12:04:20 PM PDT · by Ernest_at_the_Beach · 15 replies
    Marketwatch ^ | April 24, 2013, 10:53 a.m. EDT | By Mark Dow and Michael Sedacca
    Commentary: 5 misconceptions about the effects of QE and monetary policyNEW YORK (MarketWatch) — Few would still argue against the assertion that the Federal Reserve has been central to the financial stabilization and economic recovery from the 2008 crisis. It fixed the plumbing and are now trying to incentivize animal spirits to pump water through the pipes. The debate has now migrated to exit strategies and whether the accumulating side effects of exceptional monetary accommodation outweigh incremental benefits. Read Minyanville’s “The Givers and Takers of the Boston Bombings.”
  • Destruction of the US Dollar

    10/15/2012 2:04:32 PM PDT · by Tolerance Sucks Rocks · 11 replies
    Patriot Action Network ^ | October 14, 2012 | Roger O'Daniel
    The picture below shows $15 trillion dollars worth of $100 bills on $10 million dollar pallets stacked on top of each other over an area that is one third larger than a regulation football field. An electronics van is parked between the stack and the Statue of Liberty. A single $100 million dollar pallet rests in front of the truck’s cab. See it?Recently, I reported that the Federal Reserve Bank (FED) secretly gave ten trillion dollars of interest-free loans to over a dozen European banks to shore up the Euro and keep them financially solvent. I later found out that...
  • Santelli's Rant on More Quantitative Easing (calls it counterfeiting)

    08/27/2012 9:42:31 AM PDT · by Lorianne · 2 replies
    CNBC ^ | 27 August 2012 | Rick Santelli
    Video Transcript: other reasons, too, which we'll talk about later. cme group, rick santelli. looking at some long-term effects of qe. indeed, there is another name for qe. and we'll get to that momentarily. one of the great things about the human race is they can assimilate and accommodate. we talked about the swiss psychologist in the 1930s, the 1960s, really doing a lot of work here. what it simply means is that we're very adaptable as humans. i think quantitative easing fits into that. it's something that really doesn't seem like it's the answer for problems, printing more money,...
  • Big Ben may be renamed to honor queen

    03/24/2012 4:39:04 AM PDT · by JoeProBono · 34 replies · 2+ views
    upi ^ | March. 24, 2012
    LONDON, -- A group of British legislators want to rename one of London's most famous landmarks, Big Ben, to honor Queen Elizabeth II. In an early day motion, 23 members of Parliament said renaming the east tower of the Houses of Parliament the Elizabeth Tower would be an appropriate gesture in her Diamond Jubilee Year, The Guardian reported. They pointed out that the west tower was named after Queen Victoria in 1860 and paid tribute to the reigning queen's "energy, wisdom and grace." Most of the group are Conservatives, although Jack Straw, a Labor foreign secretary, endorsed the proposal. While...
  • Under Obama, Price of Gas Has Jumped 83 Percent, Ground Beef 24 Percent, Bacon 22 Percent

    01/24/2012 4:25:59 PM PST · by OPS4 · 41 replies
    CNS news ^ | 1/24/12 | Christopher Goins
    So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics. (AP Photo) During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent. When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon,...
  • Need Fed info

    09/13/2011 11:17:38 PM PDT · by chuckles · 7 replies
    vanity | 09-14-2011 | chuckles
    I've been investing for years, but never really studied bonds. I've never been interested. I got excited about the Fed several years ago, but never really followed up and studied them. It always seemed strange to me that non government banks could print money and have so much power, but hey, they have done it for years and just a handful of people get exercised about it, so it must be OK. Now it comes to me that QE2 was Bernanke buying $600 billion in treasuries with printed money with the sole purpose of keeping rates down while the economy...
  • "but this recession would have been a depression had we not done TARP,Porkulus, QE1, QE2...etc"

    08/29/2011 8:43:32 AM PDT · by WOBBLY BOB · 29 replies
    me ^ | 8-29-11 | wobbly bob
    this is the typical response all my John Huntsman lovin' , Obama votin' friends have whenever talking up the economy. what say you?
  • Sarah Palin on Fox News: 'More power to Rick Perry'

    08/18/2011 2:14:16 PM PDT · by smoothsailing · 124 replies
    Politico ^ | 8-18-2011 | Alexander Burns
    Palin: 'More power to Rick Perry' By: Alexander Burns August 18, 2011 03:16 PM EDT Sarah Palin, who said once again today that she's still open to a 2012 presidential bid, tells Fox News's Megyn Kelly that she's on Team Perry when it comes to the Federal Reserve: “More power to Rick Perry for calling it like he saw it, and the president in his typical reactionary way, did elevate Rick Perry and what it is that he had to say. And what Rick Perry had to say is what I wrote about 10 months ago, about quantitative easing...
  • Big Government’s Big Spending Has Boosted Inflation and Killed 3.5 Million Jobs

    08/15/2011 8:58:36 PM PDT · by Tolerance Sucks Rocks · 6 replies · 1+ views
    Conservative Action Alerts ^ | August 12, 2011 | Chuck Roger
    Rising prices are no surprise to anyone who has been following the actions of Ben Bernanke’s Fed. Two rounds of “quantitative easing” injected more than $2.3 trillion into bank reserves, and thus to some extent into the economy. The more money chasing products and services, the more those products and services cost.Bernanke’s thinking was that by pumping trillions into the financial system, he could spur lending, investing, and spending via lower interest rates, and thus goose the economy. But the strategy not only hasn’t improved the economy, it has also had two major bad side-effects. Increased inflation is one side-effect,...
  • Analysis: QE3 may do more harm than good

    07/27/2011 5:20:58 AM PDT · by mlocher · 5 replies
    Reuters via ^ | July 27, 2011 | Natsuko Waki
    LONDON (Reuters) - There may be a point at which global investors get indigestion from U.S. money printing. A fresh round of U.S. monetary easing may even do more harm than good for long-term investors as another flood of easy money into fast-growing emerging economies risks refueling oil and commodity price inflation, sapping consumption and growth. Prospects for a third round of the Federal Reserve's quantitative easing program (QE3) grew this month after Chairman Ben Bernanke said the central bank was prepared to ease further if economic growth and inflation falter again. Nearly in one in two fund managers surveyed...
  • The Gold Standard, Printing Money and the Federal Reserve

    07/24/2011 12:40:22 PM PDT · by Tolerance Sucks Rocks · 32 replies
    Nolan Chart ^ | July 23, 2011 | James Luko (centrist)
    The media is hyping and harping on the issue that the Federal Reserve will resort to PRINTING more money to feed another round of “quantitative easing.” This is a wholly incorrect fact. The Department of Treasury prints our "paper currency” NOT the Federal Reserve. “Quantitative easing” is the Federal Reserve increasing bank reserves- thereby creating new money electronically- but, for a stated purpose of “stimulating” the economy and NOT for paying government debt. This is a salient point that the media mixes up, assuming and misinforming the public that QE is paying for increased government debts. QE serves a fundamental...
  • A $600 Billion Failure

    07/09/2011 6:43:10 AM PDT · by Kaslin · 47 replies ^ | July 9, 2011 | Bob Beauprez
    Last November, the Federal Reserve Bank announced that it was ramping up the printing presses one more time in an effort to "stimulate" the economy.   The plan was called Quantitative Easing-2, QE2 – a high-falutin name that suggested most of us commoners couldn't possibly understand it, nor should we even ask questions.  QE2 was the $600 billion sequel to the first big run that the Fed had taken at jolting the economy back to life.  When added to QE1, $2.3 trillion was pumped into the economy; a completely unprecedented effort.   The flood of newly printed cash from QE2...
  • Fed May Buy $300 Billion in Treasuries After QE2 (Link only)

    06/27/2011 6:01:20 AM PDT · by Qbert · 43 replies
    Bloomberg via Yahoo Finance | June 27, 2011 | Daniel Kruger and John Detrixhe;_ylt=A0wNc9xWeQhOxdEAHQ.7YWsA;_ylu=X3oDMTE1cGNxaDl2BHBvcwM2BHNlYwN0b3BTdG9yaWVzBHNsawNmZWRtYXlidXkzMDA-?x=0&sec=topStories&pos=3&asset=&ccode=
  • Fed to end bond-buying program amid worsening economic forecasts

    06/22/2011 1:24:35 PM PDT · by freespirited · 10 replies
    LA Slimes ^ | 06/21/11 | Don Lee
    Reporting from Washington— Amid increasing political pressure and turbulent global economic conditions, the Federal Reserve is letting its massive bond-buying program expire in days without a new initiative to prop up the American economy –- even as the central bank downgraded its economic assessment to reflect the sputtering recovery. The Fed, upon concluding its two-day monetary policy meeting, said Wednesday it would keep a key short-term interest rate at near zero for the foreseeable future to support the economy. But policymakers agreed to let lapse a $600-billion program to buy U.S. Treasury bonds at the end of this month, as...
  • Fed to end QE2 as it signals economic worries

    06/22/2011 9:55:24 AM PDT · by Free Vulcan · 26 replies
    Marketwatch ^ | 6.22.11 | Greg Robb
    WASHINGTON (MarketWatch) — The Federal Reserve on Wednesday said it was surprised by the recent weakness in the economy but that the recovery would pick up later this year as it kept interest rates at historic lows and said a controversial bond buying program would end as planned. The Federal Open Market Committee of the Fed said the moderate pace of growth and the weaker labor market were weaker than expected. The FEd said it expects inflation to subside as past energy prices and other commodity prices moderate. The statement came as the FOMC said it was shifting policy to...
  • ZeroHedge: Fed's QE2 money-printing "stimulus" was stealth European bank bailout

    06/13/2011 6:00:13 AM PDT · by quesney · 55 replies
    In summary, instead of doing everything in its power to stimulate reserve, and thus cash, accumulation at domestic (US) banks which would in turn encourage lending to US borrowers, the Fed has been conducting yet another stealthy foreign bank rescue operation, which rerouted $600 billion in capital from potential borrowers to insolvent foreign financial institutions in the past 7 months. QE2 was nothing more (or less) than another European bank rescue operation!
  • Even Bernanke Can't Deny That Obama's "Recovery" Is Bad

    06/07/2011 1:58:20 PM PDT · by JohnRLott · 31 replies
    Fox News ^ | June 7, 2011 | John R. Lott Jr.
    Federal Reserve chairman Ben Bernanke couldn't deny the obvious in his speech Tuesday in Atlanta. The economy is bad, with Obama’s “recovery” is setting records for being anemic and the unemployment stuck above 9 percent. Almost 5 million Americans have completely given up looking for work and left the labor force since the "recovery" that started in June 2009. GDP growth the seven quarters into the Obama recovery has averaged an annual rate of only 2.8 percent, a fraction of the 4.6 percent average growth during recoveries since 1970. And this recovery would have been even worse if the Federal...
  • Fed's QE2 Policy Has Failed To Lift Real Wages

    06/07/2011 7:22:41 AM PDT · by Slyscribe · 12 replies
    Investor's Business Daily ^ | 6/6/2011 | Jed Graham
    The Federal Reserve's current round of asset purchases, due to expire June 30, is being bookended by economic soft patches. A logical question is whether the central bank's $600 billion in Treasury buys merely provided a short-term artificial boost. Wild cards from Japan to the Middle East make it impossible to judge with certainty if the Fed's latest aggressive efforts have failed. But the most telling data point — no gain in real private-sector wages —