Posted in chart of the day, One World Currency, tagged balance sheet, Federal reserve, one world currency, printing press, quantitative easing, us dollar collapse on January 14, 2011|
Uhh, I think some thing big (and bad) happened in September 2008.
We changed course. Was that the change you hoped for?
That is an awful lot of printing…
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Thanks to Zero Hedge for the chart:
Federal Reserve Balance Sheet Update: Week Of January 13, $1.070 Trillion In UST Holdings
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Click on the article title for a link to full original referenced article.
Posted in End Times Prophecy, One World Currency, tagged coordinated monetary measures, end times prophecy, G-20, global currency, one world currency, prophecy, quantitative easing on November 9, 2010|
Looks like this G20 meeting is going to be very “interesting” and maybe a turning point…
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Russia to `Insist’ U.S. Coordinate With G-20 Members on Monetary Measures
Russian President Dmitry Medvedev will “insist” on global coordination of any so-called quantitative easing measures by government when he meets with counterparts from the Group of 20 nations this week.
Such actions will need to be planned in advance in order to avoid creating risks for other markets and economies, senior Kremlin economic adviser Arkady Dvorkovich told reporters in Moscow today.
Russia will also argue against instituting targets on current account surplusses or deficits, Dvorkovich said.
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Click on the article title for a link to full original referenced article.
Posted in End Times Prophecy, One World Currency, tagged end times prophecy, money printing, one world currency, prophecy, quantitative easing, us dollar collapse on November 9, 2010|
China will be key to how this all ends…
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U.S. dollar printing is huge risk -China c.bank adviser
Nov 4 (Reuters) – Unbridled printing of dollars is the biggest risk to the global economy, an adviser to the Chinese central bank said in comments published on Thursday, a day after the Federal Reserve unveiled a new round of monetary easing.
China must set up a firewall via currency policy and capital controls to cushion itself from external shocks, Xia Bin said in a commentary piece in the Financial News, a Chinese-language newspaper managed by the central bank.
“As long as the world exercises no restraint in issuing global currencies such as the dollar — and this is not easy — then the occurrence of another crisis is inevitable, as quite a few wise Westerners lament,” he said.
Posted in Deception, End Times Prophecy, One World Currency, tagged currency wars, deception, end times prophecy, global currency, one world currency, printing money, printing press, prophecy, qe2, quantitative easing on November 9, 2010|
We are entering very dangerous waters. The backlash will be severe, we are already seeing the effects…
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QE2 risks currency wars and the end of dollar hegemony
As the US Federal Reserve meets today to decide whether its next blast of quantitative easing should be $1 trillion or a more cautious $500bn, it does so knowing that China and the emerging world view the policy as an attempt to drive down the dollar.
By Ambrose Evans-Pritchard, International Business Editor
Published: 9:56PM GMT 01 Nov 2010
QE2 risks currency wars and the end of dollar hegemony Photo: AFPThe Fed’s “QE2” risks accelerating the demise of the dollar-based currency system, perhaps leading to an unstable tripod with the euro and yuan, or a hybrid gold standard, or a multi-metal “bancor” along lines proposed by John Maynard Keynes in the 1940s.
China’s commerce ministry fired an irate broadside against Washington on Monday. “The continued and drastic US dollar depreciation recently has led countries including Japan, South Korea, and Thailand to intervene in the currency market, intensifying a ‘currency war’. In the mid-term, the US dollar will continue to weaken and gaming between major currencies will escalate,” it said.
Posted in Deception, End Times Prophecy, One World Currency, tagged americas decline, deception, end times prophecy, Federal reserve, global currency, hyper-inflation, hyperinflation, inflation, one world currency, printing money, printing press, prophecy, quantitative easing, us dollar decline on November 3, 2010|
Here we go, its official. Watch for price increases over the next 3-6 months…
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Fed to Spend $600 Billion More To Help Boost US Economy
The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.
The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in the aftermath of the worst recession since the Great Depression.
The U.S. central bank said it would buy about $75 billion in longer-term Treasury bonds per month. It said it would regularly review the pace and size of the program and adjust it as needed depending on the path of the recovery.
In its post-meeting statement, the Fed described the economy as “slow”, and said employers remained reluctant to add to payrolls. It said measures of inflation were “somewhat low.”
Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged deception, end times prophecy, Federal reserve, global currency, one world currency, one world government, printing money, printing press, prophecy, quantitative easing, us dollar collapse on November 3, 2010|
We are at a dangerous point this week. Under the cover of all the election hype, the federal reserve is making probably the biggest decision in this century…remain watchful, stock up on food & water, make sure you fill up your cars with gas…pray, trust in God. It is going to be quite a ride…
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Watch for what the Fed does today, headlines from Drudge on fed’s decision…
Treasury estimates $362B in borrowing for quarter...
Bernanke Faces More Congressional Scrutiny After Republican Election Gains...
PUMP: Fed Likely to Announce $500 Billion of Purchases...
'Biggest decision in decades'...
Fed easing may means 20% drop of dollar value...
'The end of dollar hegemony'...
Sen. Gregg: 'We're Greece' in a Few Years...
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Click on the article title for a link to full original referenced article.
Posted in End Times Prophecy, One World Currency, tagged china inflation, end times prophecy, global currency, one world currency, printing money, prophecy, quantitative easing, us dollar crash on November 2, 2010|
Concerns from China on our openness to devaluing our dollar through the printing press (i.e. quantitative easing.)
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Dollar printing feeding China inflation: minister
Rampant issuance of dollars by the United States is saddling China with “imported inflation”, Chinese commerce minister Chen Deming was quoted as saying by state media on Wednesday.
“Given the current situation, companies have thought ahead and prepared for exchange rate fluctuations as well as an increase in labour costs,” Chen said, according to the state-run China Business News.
“But because the issuance of dollars is out of control, and international commodities prices are continuing to rise, China is confronted with imported inflation, which has created major uncertainties for businesses,” he said.
The comments came ahead of a meeting of the US Federal Reserve next week at which the central bank is expected to announce additional stimulus measures.
Posted in Deception, End Times Prophecy, One World Currency, tagged deception, end times prophecy, g20, one world currency, prophecy, quantitative easing on November 2, 2010|
Deception…look out for QE2 on Nov. 3rd…
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G20 Vows to Avoid Currency Devaluations
GYEONGJU, South Korea — The world’s leading advanced and emerging countries vowed Saturday to avoid potentially debilitating currency devaluations, aiming to quell trade tensions that could threaten the global recovery.
The Group of 20 also said it will pursue policies to reduce trade and current account imbalances that threaten the economic recovery, and agreed to give developing nations more say at the International Monetary Fund, part of what it described as an ambitious set of proposals to reform IMF governance.
Posted in Deception, End Times Prophecy, One World Currency, tagged americas decline, deception, devalue US dollar, end times prophecy, one world currency, printing press, quantitative easing on October 21, 2010|
He said this as well before the last round of printing to buy debt, that time it was hidden, this time? Who knows…
I am always amazed at how someone can say one thing and do the complete opposite. It is very common place these days. Deception seems to be the norm…
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Geithner Vows That US Won’t Devalue Dollar
Treasury Secretary Timothy Geithner vowed on Monday that the United States would not devalue the dollar for export advantage, saying no country could weaken its currency to gain economic health.
“It is not going to happen in this country,” Geithner told Silicon Valley business leaders of devaluing the dollar.
Geithner broke his silence on the dollar’s protracted slide ahead of this weekend’s meeting of finance leaders from the Group of 20 wealthy and emerging nations in South Korea, where rising tensions over Chinese and U.S. currency valuations are expected to take center stage.
“It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to (be) competitive,” Geithner added. “It is not a viable, feasible strategy and we will not engage in it.”
Posted in End Times Prophecy, One World Currency, One World Government, tagged end times prophecy, global currency, one world currency, one world government, printing press, prophecy, quantitative easing on October 21, 2010|
More on Fed’s plans to fire up the printing press…
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Officials hint Fed on the verge of more easing
WASHINGTON (Reuters) – A string of Federal Reserve officials on Tuesday indicated the central bank will soon offer further monetary stimulus to the economy, with one saying $100 billion a month in bond buys may be appropriate.
While internal differences on the unconventional policy are still evident, the consensus view at the Fed appears to be that the economy is weak enough to warrant further support, most likely through increased purchases of Treasury debt.
The U.S. economy is expected to have grown just 1.9 percent in the third quarter, a level considered too low to bring down unemployment. The debt purchases would help lower long-term interest rates in the hope of boosting demand.
Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged deception, dollar collapse, end times prophecy, global currency, hyperinflation, inflation, one world currency, one world government, prophecy, quantitative easing on October 21, 2010|
Buckle up…
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Fed’s Bernanke signals new round of quantitative easing
US Federal Reserve Chairman Ben Bernanke has opened the way to a new round of quantitative easing.
“There would appear, all else being equal, to be a case for further action,” he said, in a speech to the Boston regional federal reserve.
The US central bank is expected to back a move to buy up US government bonds in order to lower borrowing costs at its next meeting on 3 November.
Mr Bernanke said unemployment and low inflation lay behind his view.
However, some colleagues at the Fed have expressed much more hawkish views, and Mr Bernanke was careful not to pre-empt the decision of the rate-setting committee due next month.
Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged deception, end times prophecy, hyperinflation, inflation, one world currency, one world government, printing mony, printing press, prophecy, quantitative easing on October 15, 2010|
Strap yourself in, I hope we are ready and prepared for the ride, we are cranking up the printing presses…destination…first stop inflation…final stop…hyper-inflation…
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Bernanke Makes Case for Further Fed Moves to Boost Economy
By JON HILSENRATH
Federal Reserve Chairman Ben Bernanke made a case for new steps by the central bank to boost economic growth, saying inflation was running below the Fed’s objective of 2% and that the economy was on a course to grow too slowly to reduce unemployment.
Bernanke made a case for new Fed action to boost growth, saying inflation is running below the bank’s objective of 2% and that the economy is growing too slowly to reduce unemployment. David Wessel, Evan Newmark and Paul Vigna discuss.
“There would appear—all else being equal—to be a case for further action,” Mr. Bernanke said in prepared remarks for a conference on monetary policy at the Federal Reserve Bank of Boston.
The Fed is considering whether to restart a program of purchasing long-term Treasury bonds to push down long-term interest rates and boost growth. It next meets Nov. 2 and 3, and investors expect the Fed to proceed with such a plan at (more…)
Posted in End Times Prophecy, One World Currency, One World Government, tagged americas decline, end times prophecy, Federal reserve, inflation, one world currency, one world government, prophecy, quantitative easing on October 15, 2010|
Now even the Fed is talking about the coming inflation, just with the spin that it will help boost the economy, which is the deception. We need to prepare for he coming collapse…
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Fed Mulls Raising Inflation Expectations to Boost Economy
Federal Reserve policy makers may want Americans to expect inflation to accelerate in the future so they spend more of their money now.
Central bankers, seeking ways to boost flagging growth after lowering interest rates almost to zero and buying $1.7 trillion of securities, are weighing strategies for raising inflation expectations as well as expanding the balance sheet by purchasing Treasuries, according to minutes of the Fed’s Sept. 21 meeting released yesterday.
Some Fed officials are concerned that expectations of lower inflation will become self-fulfilling, damping demand by increasing borrowing costs in real terms, the minutes said. By encouraging Americans to believe prices will start rising at a faster pace, the Fed would reduce inflation-adjusted interest rates and stimulate the economy. Chairman Ben S. Bernanke said in 2003 that Japan could beat deflation by using a “publicly announced, gradually rising price-level target.”
Posted in End Times Prophecy, One World Currency, One World Government, tagged end times prophecy, hyperinflation, inflation, one world currency, one world government, prophecy, quantitative easing on October 12, 2010|
More word on what to look for in November from the Fed…watch for the words “quantitative easing”, inflation or hyperinflation will follow shortly…
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Fed Certain to Act in November In a Big Way: Survey
Following Friday’s disappointing jobs report, market participants are now virtually certain that the Federal Reserve will announce that it will resume buying assets at the conclusion of its November meeting and do so in a sizeable way, according to an exclusive CNBC Fed Survey.
Nearly 93 percent of the 70 respondents, including economists, fund managers and traders, believe the Fed will boost the size of its portfolio, up from 69 percent in the survey two weeks ago.
Of those who expect the Fed to move, 86 percent look for an announcement in November, up from 38 percent in the last survey.
Market participants forecast that the Fed will announce plans to purchase $500 billion in assets at the conclusion of the upcoming meeting, the first time the question has been asked.
Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged deception, end times prophecy, Federal reserve, global currency, one world currency, one world government, printing money, prophecy, quantitative easing on October 12, 2010|
The headline says it all, how can that not be seen as an act of desperation as we begin the fall…
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Fed Undaunted by Uncertain Prospects for Money Printing
The U.S. Federal Reserve runs the risk of diminishing returns from its next round of money printing to amplify the subdued economic recovery, but that won’t stop it from trying.
Minutes due Tuesday from the Fed’s most recent policy-setting meeting may reflect some divisions among officials over whether to launch another round of asset purchases, known as quantitative easing.
Investors, however, assume the Fed will pull the trigger, likely at its next policy-setting meeting in November.
A Reuters poll of 16 primary dealers—investment firms that deal directly with the Fed—showed all expected the central bank to return to buying bonds.
All but one predicted the announcement would come at the Nov. 2-3 meeting.
The Fed cannot sit idly by with unemployment stuck near 10 percent and inflation below the central bank’s perceived target, economists say. Statements from some of the Fed’s top officials in recent days have made it increasingly clear that action is likely, even though others remain vocally opposed.
Posted in Deception, End Times Prophecy, One World Currency, tagged deception, devalue US dollar, end times prophecy, Federal reserve, inflation fix, one world currency, printing press, prophecy, quantitative easing on October 7, 2010|
unbelievable!
I can’t believe they are talking about this, there is nothing worst for our dollar and our purchasing power. What little savings Americans have is being eroded (stolen) while it sits in banks. Check out the graph below, from a WSJ article, it shows the cliff we are facing.
If this quadruple whammy hits:
tax increases (from Obama and bush tax cuts expiring)(end of year),
Obama care takes effect (end of year),
our trade war with China is escalated (underway), and
the Fed’s Inflation Fix (between now and end of year)
we will go over the edge of the cliff…(just like in 1937…)
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Fed Officials Mull Inflation as a Fix
The Federal Reserve spent the past three decades getting inflation low and keeping it there. But as the U.S. economy struggles and flirts with the prospect of deflation, some central bank officials are publicly broaching a controversial idea: lifting inflation above the Fed’s informal target.
The rationale is that getting inflation up even temporarily would push “real” interest rates—nominal rates minus inflation—down, encouraging consumers and businesses to save less and to spend or invest more.
Both inside and outside the Fed, though, such an approach is controversial. It could undermine the anti-inflation credibility the Fed won three decades ago by raising interest rates to double-digits to beat back late-1970s price surges. “It’s a big mistake,” said Allan Meltzer of Carnegie Mellon University, a central bank historian. “Higher inflation is not going to solve our problem. Any gain from that experience would be temporary,” adding that the economy would suffer later.
Posted in End Times Prophecy, One World Currency, tagged end times prophecy, Federal reserve, global currency, gold, one world currency, prophecy, quantitative easing, US owned by China on October 3, 2010|
More talk about the US and China switching places. Here has been a lot of talk about this over the last few weeks. It is really becoming more of a “when” question than “if”. It is something we need to prepare for, America is not a big player in the end times. We have been a major tool of God to spread His Word but we have fallen and are still falling…
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US Is ‘Practically Owned’ by China: Analyst
The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm Rivington Street Holdings, told CNBC.com Monday.
Gold [XAU=X 1315.55
6.75 (+0.52%)
] hit a new record high Monday and silver [XAG=X 22.03
The US trade deficit and debt continue to grow and the authorities are reluctant to address the problem, preferring to print money, Winnifrith said.
“America is practically owned by China,” he said.
Posted in Deception, End Times Prophecy, One World Currency, tagged dollar tumbles, end times prophecy, global currency, one world currency, prophecy, quantitative easing on September 29, 2010|
Our dollar is in trouble, and we haven’t even printed the 1-2 trillion that we may need to, all of this is just on the statement that we are willing and subsequent actions by other nations, mainly China…
We are headed toward a dollar collapse and a global currency…
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Dollar tumbles, gold hits record high
The dollar sank against the euro and hit a record low point against the Swiss franc on Wednesday while gold struck a new all-time peak, as traders mulled possible US moves to boost its ailing economy.
Meanwhile in Asia, China’s central bank pledged to increase the flexibility of its exchange rate just as US lawmakers were to vote on legislation that could punish Beijing for alleged currency manipulation.
The People’s Bank of China promised to continue to implement an “appropriately loose monetary policy” and “increase currency flexibility”, according to a statement on its website.
Posted in End Times Prophecy, One World Currency, One World Government, tagged end times prophecy, Federal reserve, global currency, global government, one world currency, one world government, printing money, prophecy, quantitative easing, us dollar crash on September 26, 2010|
Oh boy, here we go, doing exactly what China warned against, see my previous posts listed below:
Geithner Steps up China Yuan Policy Criticism
Chinese think tank warns US it will emerge as loser in trade war
This was one of the triggers I discussed in that post. If China retaliated by selling off (dumping) our treasury debt, then we would see the Federal Reserve need to jump in a purchase our debt by printing money to do it. Another trillion dollars of inflationary printing, with China alone, not counting others that pile on to the sell off. It would crash our currency over a short period of time.
This could set us up for the coming single world currency and vulnerable/open to the single world government scenarios as we search for stability. As I have stated above, we don’t know what will trigger it, but it will be interesting to see what is the final straw…
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US Congress committee approves China sanctions bill
A US Congress committee has approved a bill that would place retaliatory trade sanctions on China.
It means the House of Representatives – the lower chamber of Congress – will vote on the bill next week.
The bill would allow the US to impose import duties on countries who have fundamentally undervalued currencies.
To become law, the bill would also need support in the Senate, which is less certain ahead of mid-term Congressional elections due in November.
The US accuses China of holding down the value of its currency, the yuan, in order to give its exports an unfair price advantage.
Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged deception, end times prophecy, Federal reserve, global currency, hyper-inflation, hyperinflation, inflation, one world currency, printing money, prophecy, quantitative easing on September 21, 2010|
Here we go folks, the trigger hasn’t been pulled but the Fed said they would and are looking to at the appropriate time. Gold shot up as soon as it was announced, which means the market believes they will use “quantitative easing”. Printing money to buy debt. The US dollar also declined on the news. You must remain watchful, for as soon as they pull the trigger, know inflation, maybe hyperinflation is on the way.
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Fed Signals It May Take Further Steps to Boost Economy
The Federal Reserve on Tuesday inched closer to fresh steps to bolster a sluggish U.S. recovery, saying it stood ready to provide more support for the economy and expressing concerns about low inflation.
The U.S. central bank’s policy-setting panel made no shift in monetary policy at the end of a one-day meeting, keeping overnight interest rates near zero, but it opened the door wider to pumping more money into the economy.
“The committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate,” the Fed said in a statement.
After its meeting on August 10, the Fed had simply said it would “employ its policy tools as necessary.” The Fed underscored its concerns over slowing inflation in its statement on Tuesday, saying the underlying rate of inflation was below levels consistent with its mandate for price stability and full employment.
Posted in Deception, End Times Prophecy, One World Currency, One World Government, tagged deception, end time prophecy, end times prophecy, Federal reserve, global currency, one world currency, one world government, printing press, prophecy, quantitative easing on September 20, 2010|
Big decision tomorrow…
Do we fire up the printing press for another…gulp…1-2 trillion dollars?
Quantitative Easing = print money to cover purchase
This is one of the triggers we have been watching that could signal our collapse and make way for global currency and eventually global government.
We will see, tomorrow is the first decision point…
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Fed Mulls Trillion-Dollar Policy Question
How much of a boost to the U.S. recovery could another trillion dollars or two buy?
That’s a tricky question for the Federal Reserve when it meets Tuesday to debate what would warrant pumping more money into the financial system.
To battle the financial crisis, the Fed bought $1.7 trillion of longer-term Treasury and mortgage-related bonds, supplementing its pledge to keep interest rates near zero for a long time.
All told, it helped stabilize a collapsing financial system and to avert what could have been a second Great Depression.
Now, faced with a 9.6 percent jobless rate and below-target inflation, Fed policymakers are trying to gauge how much they could achieve if they resume massive quantitative easing.
Few analysts expect the Fed to launch a new round of bond buying this week, and uncertainty over the impact of fresh moves may be a factor keeping the central bank on the sidelines.
“I think part of the hesitancy of the committee to use quantitative easing a second time around relates to views of its effectiveness,” said Vince Reinhart, a former Fed staffer.
myBlessedHope 