VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД FIND US ON: YouTube Twitter
breakingnews
Go to main page   Business   News   Angry Americans protest against U.S. monetary policy  
MORE ON THE STORY
27.10.2008, 16:59

U.S. pulls the plug on the world

The U.S. administration has prompted a huge surge in the U.S. dollar, which may help refinance its financial sector. The cost is a currency whirlwind that threatens the collapse not just of banks and companies but entire countries.

28.10.2008, 12:55 1 comment

Strong dollar, weak dollar

I got a question from a reader after my last article, suggesting the US was pursuing a strong dollar policy to refinance its economy, at huge risk to the rest of the world. The reader asked: “Isn't it the case that the only country that doesn't care

29.10.2008, 17:12

Crisis myths damn the bailout

Researchers at the one of the 12 Federal Reserve banks, Minneapolis, have challenged U.S. authorities to publish the data which justifies the multi-billion-dollar bank bailout.

10.11.2008, 19:17

Fed refuses to disclose who got loans

In the U.S. the Federal Reserve is refusing to disclose who has received almost $2 Trillion worth of taxpayer funded loans, or what collateral it is taking, according to Bloomberg. However, under the U.S. Freedom of Information Act the details of lending

24.11.2008, 13:14

Money back not guaranteed

Consumer confidence in Britain could be crushed by European Union plans to inaugurate a ban on the refunds of damaged items.

26.11.2008, 16:49

Professor Igor Panarin: When America fell to pieces the shouting was outrageous

As early as autumn 2009 the economic crisis may lead to a civil war in the USA and then to its division into parts. Igor Panarin, doctor of political science, dean of the foreign affairs department at the Diplomacy Academy of the Russian Foreign Ministry,

27.11.2008, 06:19

US car industry runs out of road

The U.S. state of Michigan used to be the throbbing heart of the once-mighty American auto industry and a vital employer. But the current financial crisis has brought this engine of U.S. business near the brink of collapse and some Michigan residents are

29.11.2008, 07:47

Americans ditch snacks as recession bites

Shops and businesses are closing down across the U.S. as the global recession deepens. Unemployment is rising and ordinary Americans are making financial sacrifices to stay afloat. This often means cutting down on life’s luxuries, like eating out and goin

16.10.2010, 01:30 15 comments

Socialism vs Capitalism in America

The tide of fear against Socialism is on the rise in America. At a time when the economy is so rough, why this debate over capitalism vs. socialism?

21.10.2010, 22:14 3 comments

"EU may waste money of member states” – analyst

The European Parliament has voted for a budget increase that would cost UK taxpayers an additional 900 million pounds next year.

Angry Americans protest against U.S. monetary policy

Published: 23 November, 2008, 02:21

(8.0Mb) embed video

TAGS: Crisis


While leaders in Peru grapple with the financial fallout, Americans angry at the multi-billion dollar bailout plans are protesting in Washington. They say the U.S. Federal Reserve, far from helping solve the financial crisis, is taking money out of their

Today is National End The Fed day, and a number of U.S. citizens concerned with the country’s fiscal policy have gathered in 39 cities nationwide at each Federal Reserve building saying that they are sick and tired of being robbed.

“What bothers me about the Fed – they’re so secretive about how the monetary policy is done. They just keep on printing more and more money and everyone knows you can’t run a printing press and create wealth,” a protester in Washington said.

Some Americans are calling for a sound monetary policy and an end to bailouts.

They claim that the Federal Reserve system is at the very heart of the current economic crisis which these days might be beating out of control.

Debbie Krueger is a former marine, and a mother of five. She helped to organise the protest.

“The Federal Reserve is monopolising our money system and I know people that are working at three jobs and still can’t make ends meet. It’s just sad and disgusting that we don’t have the same quality of life that we used to have. The way that they are using the money is a disgrace, all the foreign wars that they are fighting for no reason are based on lies, and the Federal Reserve is based on lies,” she said.

Another marine, young Adam Kokesh who served in Iraq, has been a vocal critic of the war since leaving the U.S. Marines.

“I think that the Federal Reserve is the driving force for corporatism in America and the military industrial complex which of course is driving out imperialist foreign policy and often they have no regard for human morality, or life, or decency,” he said.


+6 (6 votes)
 
Back to top
next MORE NEWS
22.11.2008, 23:15

Interview with Viktor Sumsky

A number of leading economies may retreat to a policy of protectionism believes Victor Sumsky, an analyst for the Institute of World Economy and International Relations, who spoke to RT before the APEC summit in Peru.

24.11.2008, 03:11

Global plan can lift us out of recession - APEC

The leaders of some of the world’s biggest economies say globalisation and free trade can help revive the world economy. The comments were made in a statement at the APEC summit in Peru. The forum’s final declaration covered 12 main topics on how APEC mem