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.
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?
-------------------------------------------------------------------------------------------------------------------------------
Press Release
---------------------------------------------------------------------------------------------------------
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.
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