Fed vows low rates for two more years

August 13th, 2011

FAKE NEWS for the Zionist agenda

AFP
August 9, 2011

WASHINGTON (AFP) – The Federal Reserve pledged Tuesday to hold interest rates near zero for two more years and said it was mulling the tools it has to boost a slowing economy.

Meeting as worries grew of a new recession, the Fed’s policy board said growth so far this year had been “considerably slower” than expected.

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It maintained its key interest rate at the ultra-low level of 0-0.25 percent and vowed to keep “exceptionally low” rates “at least through mid-2013.”

“Downside risks to the economic outlook have increased,” the Federal Open Market Committee (FOMC) said after a one-day meeting.

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4 Responses to “Fed vows low rates for two more years”

given their reputation I’d give it about 3 months and BAM! interest rate hike. any takers?
So they are going to drag us through this hell for two more years. I am so angry wondering when the dollar will completely implode and we will have desperate starving people robbing and looting the prepared. I wish we would collapse now.
Henry George wrote Progress Poverty in 1879. George, an American born economic philosopher set out to discover the correlation between rising poverty in the midst of an apparent progress. He identified a concentration of the means of production, promarily in his time, as a concentration of ownership a control of land into a Land”Lord” class as the crux of the problem. Today, this concentration has passed to Corporations who are the modern equivalent of OLD WORLD Feudal Land”Lord’s.”

In 1879 George already describes high rents ( Corporate profits), as having a direct relationship with low wages interest on savings accumulated capital. In other words, low interest rates destroy accumulated or saved capital like pension plans savings accounts. When the purchasing power of labor, the earned dollar savings DEFLATES, paper currency becomes increasingly worthless thus leading to a net loss. Thus, low interest rates are an attack against accumulated capital that is predicated upon labor. All “stimulous” in an economy addicted to consumption, rather than upon a production of wealth, is reactionary folly.

The foundation of all free proporous societies, is predicated upon a man’s ownership of his labor the produce of his labor. The Malthusian model of economy – a pretense that imposes economic servitude, surreptitiously inverts this proper relationship between labor wages, refering to wages as a “cost” or liability of production, rather than as an asset of a production of wealth, which all labor is no matter at what stage of production. Essentially, the Corporate Interface masticates labor, an asset of production, into a “cost” of doing business, and fires it out the Corporate Backside as a Profit the the Land”Lord’s.” All free men own their labor this is a fundamental principle of the constitutional republic. All labor, properly disposed, creates wealth in of its own right. Labor is neither a call nor a demand upon the capital or wealth of another. It is not the “apes” who are attempting the break free, but humanity. Whereas they might wear suits drive SUVs, the apes run the current closed system of predation servitude.

Described as a “socialist,” Henry George is rather a laissez-faire capitalist who believed in social justice. Note: Whereas SOCIALISM is an economic ideology tool of Collectivists, Social Justice is an objective principle that animates any fair, just proporous economy. Indeed, the board game MONOPOLY – originally named The Land’Lord’s” Game, was created by Philadelphia Quaker “Lizzie” (Elizabeth) McGie, precisley to teach George’s philosophy, illustrate the perils of MONOPOLY in the means of production land to the demise of the people. In history, George should be viewed remembered as, the consumate American economist.
2 more years till thier plan comes to fruition.