FOMC Staement: on latest FOMC Meeting: released December 13, 2011 at 2:15 PM (Please Read in between the lines.)

What the following spells is that the Federal Reserve will be keeping rates low, and the banks which have already been given billions and billions in stimulus packages will be hoarding it as they have been thus far since all this crises began. The smaller banks, because they are not Big Enough and hence not Too-big-to-fail and so worth saving as per the FRB and their bosses and the various government and private entities that have an interest in what is going on (and it is deliberate I assure you) will be liquidated ultimately.

What is the end-game of these rich Masters of the Global Economy? Consolidation (sounds familiar?) of all the orld resources into the hands of the 1-percenters. And while they are working through this plan, for whatever time that it takes, they (the entities and agencies mentioned above) have no concern as per the many countless number of lives that will be lost to hunger and disease; the breaking up of the many thousands of families due to financial difficulties; perhaps a revolution or two that could turn out bloody at times; and any other suffering, heartache, or genuine grief.

In short, these 1-percenters and their puppets (who will be sacrificed to the masses at a later date) are pushing ahead ruthlessly, with no regard or respect for human life, liberty, or justice. All they care about is to consolidate the world's resources, monies, and powers into their own hands, so that they can rule the world. And why do they want to do this? Well, I know, but can you guess?

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Press Release
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Release Date: December 13, 2011
For immediate release

Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding moderately, notwithstanding some apparent slowing in global growth. While indicators point to some improvement in overall labor market conditions, the unemployment rate remains elevated. Household spending has continued to advance, but business fixed investment appears to be increasing less rapidly and the housing sector remains depressed. Inflation has moderated since earlier in the year, and longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee continues to expect a moderate pace of economic growth over coming quarters and consequently anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate. Strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee also anticipates that inflation will settle, over coming quarters, at levels at or below those consistent with the Committee’s dual mandate. However, the Committee will continue to pay close attention to the evolution of inflation and inflation expectations.
To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee decided today to continue its program to extend the average maturity of its holdings of securities as announced in September. The Committee is maintaining its existing policies of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.

The Committee also decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.

The Committee will continue to assess the economic outlook in light of incoming information and is prepared to employ its tools to promote a stronger economic recovery in a context of price stability.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Richard W. Fisher; Narayana Kocherlakota; Charles I. Plosser; Sarah Bloom Raskin; Daniel K. Tarullo; and Janet L. Yellen. Voting against the action was Charles L. Evans, who supported additional policy accommodation at this time.

The Website for the above article:
http://www.federalreserve.gov/newsevents/press/monetary/20111213a.htm

 Website for the entire FOMC statement, including each and every district (The Long Form of the Statement):

To be published As soon as the FRB makes it available to the Public.

Newt Gingrich's 'mind boggling' and MINDLESS tax plan

Excuse my Language, but this bastard fuck, is out his fucking mind. And mind you folks, I am usually a very calm diplomatic-mannered person, who understands the need for changes in our economy. And I even understand the entire "reduce taxes for rich job creators" theory. But this is fucking ridiculous. If his plan was to go into action, the United States would have to either make extremely drastic cuts (which would reduce it to a third world nation) or it would have to go into extremely Heavy Debt in the nieghborhood of 25 Trillion dollars by 2020. That would be nearly twice our current GDP. As it is our present GDP is 14.75, while our deficit is 14.00. Folks, this nation is in trouble.

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NEW YORK (CNNMoney) -- Every Republican presidential hopeful has a plan to cut taxes.
But one candidate's plan has been described as so aggressive that it would blow a hole in the federal budget, lead to huge deficits and give the richest Americans a gigantic tax break.

That candidate is current frontrunner Newt Gingrich.
According a new analysis, Gingrich's tax plan would reduce government revenue by a staggering $1.3 trillion -- or 35% -- in 2015, the first year the plan could be fully implemented.
"It's mind boggling. It's a very large tax cut," said Roberton Williams, a senior fellow at the non-partisan Tax Policy Center, which performed the analysis.

What would Gingrich's plan do?

Gingrich wants to add to the current tax code by putting an optional 15% flat tax on income in place, with a $12,000 per-person deduction. And Gingrich would like to eliminate the estate and capital gains taxes.

For businesses, Gingrich wants to reduce the corporate tax rate from 35% to 12.5% -- a move that would take the rate from one of the highest in the industrialized world to one of the lowest.

All those tax cuts mean the federal government would take in much less money. In order to balance the budget -- or get even remotely close -- government spending would have to be slashed by huge amounts.

And that, as the current Congress has made clear, is near impossible.

The super committee, for example, was trying to find $1.2 trillion in savings over a ten-year period. They failed. The Gingrich plan would create a gap of $1.3 trillion in just a single year.

"This plan means big deficits," Williams said. "Or huge forced spending cuts. Or both."
But taxes would definitely go down. A lot.

A full 70% of Americans would pay lower taxes under the Gingrich plan, according to the analysis, an average savings of over $7,000 compared to current policy.
The highest-income individuals would see the greatest benefit. A full 99.9% of Americans with more than $1 million in income would get a tax cut. The average savings: $613,000, for an after-tax income boost of 28.7%.
The tax rate paid by those individuals would fall to 11.9%, a reduction of almost 20%. Meanwhile, Americans making less than $100,000 would see their rates drop by between 0.5% and 3.1%.

The Gingrich campaign did not respond to a request for comment.

The Gingrich tax plan was not heavily scrutinized when first released, but as the former long-shot candidate's fortunes have improved, his plans for the economy have received more attention.

The plan is similar in some respects to that of Texas Governor Rick Perry, but Gingrich's proposed rate cuts go even further.

For example, Perry would add an additional 20 % flat tax and cut the corporate rate to the same level, while Gingrich wants to take the flat tax down to 15%, and the corporate rate to 12.5%.

Similar to the plan proposed by Rick Perry, taxpayers would be able to choose whether to pay the flat tax, or file under the existing tax code.

Both Perry and Gingrich have touted their optional flat taxes as a way to simplify the tax preparation process.

But tax experts have thrown cold water on that idea -- arguing that adding an additional tax option would necessitate the preparation of multiple returns to ensure the lowest rate.

"It's not tax reform," Williams said. "As long as you leave the old code in place, you're not doing tax reform. This would absolutely make it more complex."

And if Gingrich survives the primary process and emerges as the Republican nominee, his tax plan could provide ammo for the White House, which has signaled in recent days that income inequality will be central to its general campaign message.

After all, the top 1% of earners would get a tax break of more than $340,000 under Gingrich's plan, even if you assume the Bush tax cuts are extended.

For Details on the U.S. Current Economic Statistics, go to the Figures which have been compiled by the Central Intelligence Agency in their World Factbook (at the following provided link):

https://www.cia.gov/library/publications/the-world-factbook/geos/us.html