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In an unexpected move, the Federal Reserve decided not to put the brakes on its easy money policy, and will keep bond purchases at $85 billion per month.
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only idiots... actual percentage of American unemployment/under employment is around 20%... over 42 million Americans are on food stamps.
to be counted as "unemployed&quo t; right, u have to be receiving "unemployment benefits" which will run out. when someone is dropped after this benefits runs out...they're not counted by Dept of Labor...or am I mistaken? theoretically the"homeless&qu ot; aren't counted, but estimated. US Census isn't out there running down the numbers.
Fo od Stamp recipients WERE @ 46+mln. I doubt anyone has real knowledge of the depth of the despair.
Funny that 85 billion works out about the same as the profit each month for the Big Banksters, no wonder Exceptional Amerika does not need its workforce any longer, the top lot just print their paycheck every month, why is any one paying taxes... no need to... just print a bit more..
See what the banksters are really up to.
The Money Masters (1996) [FULL DOCUMENTARY]
By Bill Still.
Wild West part 2 is not possible to evade anymore.
Only this time guns are far more powerful. May this terror last as few years as possible.
7% unemployment is only the official number, and only idiots believe the official story. The actual percentage of American unemployment/underem ployment is around 20%. Also, over 42 million Americans are on food stamps. There is no recovery happening, and we will continue to decline. Bernanke is one out of many that is to blame for our economic woes, and he will likely be replaced by someone equally inept, if not more so.
We're being robbed, and our complacency will be the end of us.
Democracy is not autonomous: America will learn this lesson the hard way.
The longer the Fed keeps pushing back the day of reckoning, the worse it is going to be. Now Ben does not dare "taper" but will keep printing until the world ends or he is dragged from the building before a howling mob. Whichever comes first.
I don't have money for gold, but I'm investing in toilet paper futures. Gonna be worth its weight in something or other, I expect very soon.
"we may be a in a stronger position for more robust recovery at a later stage, looking at 2017 or 2018,” Lars Christensen
How many years of misery will be tolerable?
Going to be even harder to stop handing out money later. I am sure the October shut down had a lot to do with this decision.
and there is still a global run on physical gold....
This is not going to end well
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