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Fed Action May Be Global Bailout

December 1, 2011 by  

Fed Action May Be Global Bailout

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank (ECB), the United States Federal Reserve and the Swiss National Bank on Wednesday announced a coordinated attempt to provide liquidity support to the global financial system to avert further global financial distress.

The Federal Reserve, in a morning press release, said that it will take measures to provide easier access for European banks that hold dollar-denominated currencies for dollar loans to U.S. currency. The banks have agreed to lower the pricing on the existing temporary U.S. dollar liquidity swap arrangements by 50 basis points, effective until Feb. 1, 2013.

“The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity,” the Federal Reserve said.

The actions of increased liquidity of the dollar are aimed at easing reservations banks have regarding lending to one another and individuals while the United States receives other currencies, including the battered euro, for dollar-denominated loans.

Critics of the measure say that calling the plan “coordinated action” is a farce, because it masks and fails to address address deeply rooted European financial weaknesses. A Market Watch opinion piece by Washington Bureau Chief Steve Goldstein says that the move is little more than global quantitative easing, meaning a global Federal Reserve bailout.

Goldstein writes:

That money printing, called quantitative easing, is old hat at the Fed, as well as at the Bank of England and the Bank of Japan. The results are admittedly debatable, but in ECB circles it’s unthinkable to contemplate, as the ghost of the Weimar Republic continues to haunt German policy makers.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

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  • Ted Crawford

    OH Great! Now we have QE-17,19,23?? What ever number, only this time on a global scale! I don’t see why they should let the fact that this action, absent proper austerity measures, has never worked anywhere long term stop them! We’ve seen what happens when governments attempt to enact austerity policies, even in America, IE OWS!
    The entitlement denizens simply can’t grasp the idea that they have, finally, killed the goose that was laying the Golden Eggs!
    I guess the only thing left for us to do is ride the wave,but not very long, sell and invest somewhere else!

    • Lastmanstanding

      Prepare for more inflation…that is what happens when money can just be printed.

      The only thing that keeps the game going is…faith in it.

      How much “faith” is left?

    • wandamurline

      Does the name “New World Order” ring any bells? Put your worthless paper money from the Feds printing presses into silver and gold if you want anything saved from your port folio. I hope that we still have an America when we get to vote out all the Demorats and RINOS who have basically sold us out for 30+ years….a lot of them are already bailing, but we still have a lot to get rid of. Vote in 2012 like your very life depends on it, because it literally does…as well as the future of your kids and grandkids. This is serious.

  • aurelio nunez


  • AJ
    • Joseph

      Great link AJ! THANKS!!!!

  • Sirian

    Wouldn’t it be funny if Congress forced the Fed to “zero” out our entire deficit. HA, they could do that with but a few strokes on a keyboard. Remember, fiat money, which is all the Fed has ever produced, has absolutely nothing backing it. It in truth holds no more actual value than Monopoly money. With that being the case, what the hell, “zero” out the debt and let things run from there. Sounds silly but in actuality it could be done – they simply don’t want any of us to know that.

    • Lastmanstanding

      Oh it will be done whether we like it or not…these bastards are fighting feverishly to keep the game going. Why do you think that banks are scarfing up pm’s? they are using worthless dollars to buy up metals at bargain basement prices…look at the scenario yesterday…the dow up 400 with the bs “dollar swap” aka “more printing” metals went up because of the DEMAND FOR IT.

      The European banks are using this money to bolster there bottom line…they are NOT LENDING IT…THEY ARE BUYING GOLD WITH IT.

      “don’t go down without one helluva fight.”

      • Sirian

        Oh yes, gold and silver jumped up as soon as the word came out about the Feds lovely move to prop up the European banks. All the other pm’s jumped too. Most commodities did – is that really unexpected? Not really, that’s the name of the game. Only thing is though, this game they’re playing will only be playable just so long and then it will come crashing in on them.

  • kw

    It’s the Mark of the Beast.

  • ZAC


    • Dickran

      GOLD is the money of KINGS
      SILVER is the money of GENTLEMEN
      BARTER is the money of PEASANTS
      DEBT is the money of SLAVES

  • JC

    The Internatioanl Bankers and Globalists will not be happy until they have destroyed the successful industrial nations and broughts us all to ruin. Only in this way can they hope to see Global Martial Law and the onset of the UN’s Agenda 21.
    We need to abrogate the IMF, Federal Reserve and all “central banks” flying under the IMF banner.

  • Gardner Behrends

    “There exists in this country a plot to enslave every man, woman, and
    child. Before I leave this high and noble office I intend to expose this

    - John.F.Kennedy
    (Killed seven days later)

    • Lastmanstanding

      My wife came home from work yesterday and said that one of her liberal friends on facebook (who lives in Portland Or!) posted this same exact quote and began running off about the Rothschilds owning the worlds banks etc…like she just broke the news worldwide!!! LMAO!

      It won’t matter how many wake up in time…”it’s not the size of the man in the fight…it’s the size of the fight in the man.”…X 2 or 3 or you ladies out there…our kids and grandkids are depending on us.

    • PATRIOT 101

      JFK bieng shot only 7 days later and by multiple assasins was just a coincidence, right? Oh, that’s right, I forgot the story of the “Lone-Nut Gunman” in the book depository.

  • http://whistlestop bruce

    Why dont they just come out and say it. All monies in the world is global money. Why dont they just say “we will break you”. Why dont they just say it ” We’re sitting in our castle r.o.f.l.o.a.o. watching how it is effecting you people of the world”. Why dont they just say it “We love handing out misery and you cant touch us?”. Why dont they just come out and agree with us all that they are just evil and they love it? People of the world.. we are their game just like a video game but we are real. We are angering them now cos we know their game and they have to threaten us. I will say part of what W.C. Fields (or P.T. Barnum) said, “You cant fool every one all the time only some some of the time”.

    • Sirian

      What you say is true but they’ve been fooling everyone for close to 100 years – if not more. Question is, how much longer will they fool enough to keep their measly butts out of trouble?? As of so far, no telling.

  • MNIce

    Can somebody explain why the People of the United States have an obligation to inflate our currency to paper over problems with the Euro? How is stealing value from our monetary holdings now going to help us at anytime? Congress, it’s time to call Mr. Bernanke on the carpet again!

    • Sirian

      Please grab a copy of “The Creature from Jekyll Island” and read it. Once you’ve finished that you’ll have a much better understanding and it will answer your question in full.

    • s c

      MNIce, I didn’t see your response or I would have responded to you earlier. Many folks still don’t understand the true Fed-Washington relationship yet.
      This is not a matter of calling Ben the Boob ‘on the carpet.’ Obs and Congress work for Bernanke. He
      does NOT work for them. Lesser mortals work for central banks. Central banks are directly connected to the upper tiers of power.
      We’re supposed to think that what we see is all we need to see, and that’s not the case. It’s part of the ongoing problem. It helps people to vent their wrath in the wrong direction, and it lets America’s puppet masters retain control, no matter how ‘vocal’ we get.

  • s c

    Is there anyone out there who has ‘respect’ for Bernanke or ANY central banker? If you do, please check into the nearest psychiatric hospital. Your Prozac is waiting for you, and Bernanke should be there waiting for you.
    A career criminal is one thing. A central banker will rob you blind, do it ‘legally’ and leave you wondering what happened. A central banker is the epitome of money and power gone mad.
    When the world’s ‘stuff’ hits the fan this time, I wouldn’t want to be known as a central banker. I doubt if central bankers can dig holes deep enough to escape the wrath of people who are expected to endure central banking insanity.
    People, they are nation destroyers. Obs has neither the courage nor the character to stand up to them. Hope? BLAH. Change? BLAH. Leadership? BLAH. Bernanke OWNS Obs, and they both KNOW it.

  • ROGER,Canadian Libertarian

    THIS LINK is the ANSWER and if we all dont wake up to this truth, we will continue as the SLAVES WE ARE NOW, including Canadians and British:

  • PATRIOT 101

    For those that are scratching their head in dis-belief at this move of the FED, YOU SHOULDN’T BE ALL THT SURPRISED!
    This is global re-ditribution of wealth on a scale that we will not know until the whole system crashes. The wealth re-distribution is from the Americans to the global banking cartel(s).
    One day Americans will wake up to worthless dollars, and still they won’t have any more of them to pay the bills, buy the food, pay the taxes. When it comes down to buy food or pay taxes, the hungry belly wins, the house/farm/business is lost to the bankers. That is the plan and the design of failing (fiat) curriencies.
    It is happening already that dollars are being “dumped” for anything else, even stocks. What fools…

  • Joseph

    ‘Zombie bankers’ to drag Europe into ‘banker hell’

    It seems bankers are taking over politics in Europe, financial analyst Max Keiser told RT, adding that this trend could lead to global banking domination.

    Investigative reporter and news presenter, Max Keiser
    “We cannot get rid of these zombie bankers, we can’t kill them,” said Keiser, host of RT’s Keiser Report. “Iceland thought they had killed off their zombie terrorist bankers, but they have risen again and are now sticking Iceland. They are a plague around the world, and certainly in Europe. There are no elections, but they are putting bankers in charge to bring back total banking domination as the world goes down the slippery slope into banker hell.”

    Keiser told RT these former bankers’ main agenda is to create more debt.

    “In the eurozone they have an opportunity to bring all the balance sheets of all the countries together and create new lending facilities like EFSF which is a new 5 trillion euro lending facility, and they want to build on that to create 10-20 trillion euro lending facilities, because bankers get paid on how much debt they create. More austerity measures bring about more debt, and that brings more fees for bankers and more financial terrorism,” he explained.

    According to Keiser a very small elite continues to benefit from the disastrous situation in the eurozone, which continues these same ploys that it has carried out over the last few years.

    “There used to be a thing called moral hazard where if banks took risk, they would be at some point penalized by the system, but now the more risk they take the greater the rewards they get,” he pointed out. “JP Morgan is now going to step in front of the allocated accounts of customers and actually steal money from their accounts. We haven’t seen this level of larceny and theft since the Nazis stole assets from people in Germany in the 30s. This is outrageous, this has not been done in decades. There are no regulations in place at all! Interest rates are zero per cent, so I expect more of the same,” he added.

    According to Keiser, this means the financial elite work together with the European Central Bank and keep interest rates near zero per cent, because this allows them to fund their speculative investments at zero cost.

    “They don’t want to spend any money to borrow money and put outrageous bets on the table. Every time they lose a bet, then they impose more austerity measures. Every time they win a bet, they keep 100 per cent of the profit,” he claimed.

    He also stressed that putting bankers in political positions resembles the behavior of someone who has been a victim of crime.

    “People keep saying the bankers know best. But the bankers are the ones who have stolen all the money, so are we going to give them more ability to steal more money and impose more austerity measures? But that is insane,” Keiser concluded.

    Paolo Raffone, founder of a Brussels-based non-profit organization, the Chipi network, told RT the eurozone has been pushed too quickly as part of the European project.

    “The original idea was to have a monetary union pushing a political union. But as we see the political union has never been built because it was not the will of the people to build it. And the monetary union is shaking,” he explained.

    He also added the eurozone will have a new setup in future, even if all the current EU and eurozone members get together again.

    “The way the union is functioning will be different, otherwise it may split up,” he added.‘zombie-bankers’-to-drag-europe-into-‘banker-hell’/

  • Joseph

    The Bankers Manifesto of 1892

    Revealed by US Congressman Charles A. Lindbergh, SR from Minnesota before the US Congress sometime during his term of office between the years of 1907 and 1917 to warn the citizens.

    “We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.

    The Farmers Alliance and Knights of Labor organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.

    At the coming Omaha Convention to be held July 4th (1892), our men must attend and direct its movement, or else there will be set on foot such antagonism to our designs as may require force to overcome. This at the present time would be premature. We are not yet ready for such a crisis. Capital must protect itself in every possible manner through combination (conspiracy) and legislation.

    The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.

    When through the process of the law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders.

    History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.

    The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.

    By thus dividing voters, we can get them to expand their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete action, we can secure all that has been so generously planned and successfully accomplished.”

  • ChristianPatriot


  • One-Angel

    Um. I think we have already entered the one world government and the U.S. government thinks they are running it. Sheesh. Everybody wants to be Rome.

  • Dave M

    The main reason for the Europeon bailout is that Goldman Sucks is in deep trouble in the derivitives market in Europe. The Royal Bank [Canadian] is taking a bath from their partnership with Dexia as well.

    Nothing to see here really…just hardworking taxpayers bailing out financial corporations again.

  • Gilgamesh_rises

    Truthfully, the sad fact is that a bigger end-game has been planned for years. Many of the seemingly serious problems and events, of the last few years, are not coincidence. Nor are they, truly, merely the results of incompetence, corruption, criminality, or stupidity. Much of this has been intentionally-created to achieve specific ends.

    For years, layer, upon layer, technological puzzle-piece, by technological-piece, public-event, by carefully-crafted event, situation, after alarming situation – many characteristics of the world, we have been experiencing, have clearly been quite-intentionally created to achieve certain goals. Furthermore, understand that, those that are seen, are not necessarily the real schemers, though many do have their own devious, personal, agendas. However, from what I do know, I need to tell you that we have been living in a highly-engineered political, social, and economic, series of “crises”, and “problems’, specifically designed to manipulate people into believing, and accepting, the imposition of, otherwise unreasonable, power over the masses. And, now much of this is finally coming to fruition.

    Furthermore, things are going to get a lot worse.

    What I know, is frightening. What I suspect, is terrifying. And, what I fear may be attempted, and the unavoidable results thereof, are simply horrifying.


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