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Fed Chairman: We’ll Accelerate Our Policies Even If They Don’t Work

 
Billxam

User ID: 19542178
United States
11/04/2012 08:03 AM

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Fed Chairman: We’ll Accelerate Our Policies Even If They Don’t Work
And this folks is the economic problem in a nutshell. Reality Dysfunction.

Either I fell asleep while I was 8 years old and this is all some kind of nightmare or I've been shifted into an alternative universe. Either way, I want to go home.

Read this first statement:

There is no doubt that Rosengren is backing the current “Japanese model” at least until a certain point is attained. “My own personal assessment is that as long as inflation and inflation expectations are expected to remain well-behaved in the medium term, we should continue to forcefully pursue asset purchases at least until the national unemployment rate falls below 7.25 percent and then assess the situation.”

Inflation well behaved? What kind of moran on this planet in this country would say something as obtuse as this? Apparently, he doesn't shop for groceries, gasoline or durable products. Maybe it's the Chinese crap that seems to get cheaper that keeps inflation down.


Federal Reserve Bank of Boston Chairman Eric S. Rosengren says he favored the Fed’s continuing QE3 policies until at least the unemployment numbers drop below 7.25%, even if those policies fail to stop another recession. Rosengren told an audience at Babson College “Beyond the U.S. situation, I would also point to Japan’s experience as instructive. As I have pointed out many times, despite having an expanded balance sheet for an extended period, the Japanese continue to struggle with a deflation problem rather than an inflation problem.”


If we're following Japan's experience as a guidepost for our economy, everyone better get ready for stagnation in the extreme. Oh wait a minute, this nitwit thinks that unemployment will drop below 7.25%. Not a problem, they massage the numbers so much now that it's like a Japanese massage parlor around here.


The problem that Rosengren has is that Japan does not have a growing economy and they have not had one. They have had a stagnant economy and Ben Bernanke has admitted this.



So the Bernank knows it, we know it, the president doesn't give a crap, we're all sitting on the couch wondering what the hell just happened and these clowns are still following the Japan model for the economy.

[link to freedomoutpost.com]
Reality Dysfunction has occurred. Please reboot reality.

Thank you.
Billxam (OP)

User ID: 19542178
United States
11/04/2012 08:08 AM

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Re: Fed Chairman: We’ll Accelerate Our Policies Even If They Don’t Work
Thomas R. Eddlem over at the New American had this to say in conjunction with the Freedom Outpost article:

Official Federal Reserve policy was reiterated on October 24 by the Federal Reserve Bank's ruling Open Market Committee (FOMC), of which Rosengren is a member. “Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability,”

But FOMC Chairman Ben Bernanke has also set a goal of changing prices — by increasing the prices of commodities as measured by the Consumer Price Index by two percent per year. “The Committee also anticipates that inflation over the medium term likely would run at or below its 2 percent objective.”

So how is seeking perpetually rising prices fulfilling it's legal mandate of “price stability”? It isn't, except in the expectations game.


[link to thenewamerican.com]
Reality Dysfunction has occurred. Please reboot reality.

Thank you.
Billxam (OP)

User ID: 19542178
United States
11/04/2012 08:24 AM

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Re: Fed Chairman: We’ll Accelerate Our Policies Even If They Don’t Work
bump
Reality Dysfunction has occurred. Please reboot reality.

Thank you.
Anonymous Coward
User ID: 14350080
United States
11/04/2012 08:35 AM
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Re: Fed Chairman: We’ll Accelerate Our Policies Even If They Don’t Work
Scary, really scary. I'm too scared to look up your link, I'm going to take your word for it? 40 Bil a month for an unlimited amount of time. Is that about $100 per American per month? If they sent that to every citizen per month instead of buying back bad derivatives, I wonder what that would do for the economy?

It seems like either idiots or criminals are determining economic policy!
Anonymous Coward
User ID: 1658451
Germany
11/04/2012 09:34 AM
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Re: Fed Chairman: We’ll Accelerate Our Policies Even If They Don’t Work
And this folks is the economic problem in a nutshell. Reality Dysfunction.

Either I fell asleep while I was 8 years old and this is all some kind of nightmare or I've been shifted into an alternative universe. Either way, I want to go home.

Read this first statement:

There is no doubt that Rosengren is backing the current “Japanese model” at least until a certain point is attained. “My own personal assessment is that as long as inflation and inflation expectations are expected to remain well-behaved in the medium term, we should continue to forcefully pursue asset purchases at least until the national unemployment rate falls below 7.25 percent and then assess the situation.”

Inflation well behaved? What kind of moran on this planet in this country would say something as obtuse as this? Apparently, he doesn't shop for groceries, gasoline or durable products. Maybe it's the Chinese crap that seems to get cheaper that keeps inflation down.


Federal Reserve Bank of Boston Chairman Eric S. Rosengren says he favored the Fed’s continuing QE3 policies until at least the unemployment numbers drop below 7.25%, even if those policies fail to stop another recession. Rosengren told an audience at Babson College “Beyond the U.S. situation, I would also point to Japan’s experience as instructive. As I have pointed out many times, despite having an expanded balance sheet for an extended period, the Japanese continue to struggle with a deflation problem rather than an inflation problem.”


If we're following Japan's experience as a guidepost for our economy, everyone better get ready for stagnation in the extreme. Oh wait a minute, this nitwit thinks that unemployment will drop below 7.25%. Not a problem, they massage the numbers so much now that it's like a Japanese massage parlor around here.


The problem that Rosengren has is that Japan does not have a growing economy and they have not had one. They have had a stagnant economy and Ben Bernanke has admitted this.



So the Bernank knows it, we know it, the president doesn't give a crap, we're all sitting on the couch wondering what the hell just happened and these clowns are still following the Japan model for the economy.

[link to freedomoutpost.com]
 Quoting: Billxam


This is the experimentation 0bum mentioned, or a general reference that the fed is pursuing an agenda without consideration to our constitution, or the will of the American people.

To discern truth and answers to your questions you must realize the fed serves not the American people, but the Royal Crown.

Most of what we know to be true is false, but for good reason, in the minds of "them", so all the crimes they commit are justified.

Their intent is to bring about the downfall of America, and they have long known to achieve this they would have to corrupt the very moral fabric that made Americans stabbed together and fight the revolutionary and civil wars.

This has largely been accomplished thanks to MSM, indoctrination of false information in schools, the civil rights movement, and the advancement of technology being unchecked and used to erect a worldwide Care Custody, Control (CCC) grid that can and will be used to pursue their own interest.

The Frugal Government is the almighty elephant in the room, folks.... and the bitch is coming for America.

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