The United States Federal Reserve announced Wednesday that it will start drawing down (i.e. “tapering”) its multibillion-dollar quantitative easing policies in 2014.
The Fed will begin tapering its $85 billion monthly purchases of Treasuries and Treasury mortgage-backed securities by $5 billion each starting in January.
It seems we in the west no longer believe in ourselves, and our capacity to generate prosperity for all. Is this surprising given the dismal state of the European and American economies? In other words, since the 2008 financial crash people around the world but especially in Europe and America, don’t see the future as being any better for the next generation. There is a loss of trust in the system itself it seems. In this sense 2013 is the year Globalisation has gone bust.
Through its provisions, Public Act 436 establishes a new form of local government, previously unknown within the United States or the State of Michigan, where the people within local municipalities may be governed by an unelected official who establishes local law by decree.
– Complaint for Injunctive Relief, Phillips et al. v. Snyder, U.S. District Court for Eastern Michigan
Oh, drats, someone in my family line, in Scotland, sent me this link as an example of, paraphrasing, great American stick-to-it gumption, superiority and bad-ass imperialism.
Quote: “No wonder the Iranians want this ship (aircraft carrier) out of the Persian Gulf. This is a great example of United States of America technology, teamwork and strength in action. Hang on for the ride!”
Yep, this is the export of America, North America, that is — a nuclear powered, $4.5 billion dollar junk-killing-droning-child-wedding party-bombing-human death toll creator.
In the first part of this exposé, I examined the origins and recent history of the Group of Thirty as a highly influential institution in the arena of global financial governance, bringing together top central bankers, financiers, policymakers and academics in the world of economic and monetary affairs.
December 23 marks the 100th anniversary of the Federal Reserve. Dissatisfaction with its track record has prompted calls to audit the Fed and end the Fed. At the least, Congress needs to amend the Fed, modifying the Federal Reserve Act to give the central bank the tools necessary to carry out its mandates.
those who write the narrative and who win the military and marketing and financial wars . . . .
give us better living through chemistry
The Group of Thirty (or G-30) describes itself as “a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia,” which “aims to deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors, and to examine the choices available to market practitioners and policymakers.”
Brain Busting Bombs — News (faux, sic, err, persona non grata)
This is an experiment. Quickly, in tsunami like fashion, riffing with the junk of the day, picked up from mainstream madness newspaper news, and from the feeds on NPR, National Pediatric News. Other polluted pipelines from the crapper, like HuffPost, all the junk on line, etc. etc.
I recently watched Joseph Losey’s film version of Bertolt Brecht’s play The Life of Galileo. First performed in 1943, and revised in 1955, Losey’s production was filmed in 1975. One of Brecht’s best-known dramas, The Life of Galileo addresses the oppressive nature of religion both in terms of its control of thought and its collusion with power in maintaining the status quo. It is as if within knowledge resides damnation, as if any human even has foreknowledge of such a fate should it exist.
