With today's start of Worldwide Coordinated QE actions by China cutting rates, BOE 50 billion GBP in QE and ECB cutting rates, it is time for us to see what we are up to with the next move by Federal Reserve.
Ron Paul's bill Audit the FED headed to the House floor!
"We are at the very important point in the history of the modern financial system. The recent events in Europe are no less than ground-changing historical development and the magnitude of it will be understood only many years later. European countries are giving up their Sovereignty in order to save the Euro zone. Now the history of money will be your guide to the new order, when the New Normal will be transformed into the New World Order.
Private FED manipulates all markets now and has the right at its own discretion to increase the FED rate at any moment, which will increase all interest rates in a chain: mortgage payments, car loans, student loans, credit card loans, business loans etc. Should FED decide to stop monetary expansion at some point: QEn+1 and Twists - yields on the Treasuries will explode. U.S. is at the total mercy of the unelected managers running the private bank. You would think: who can do such a thing, which will bring a total collapse to the world economy - watch the movies to get your own answer. The idea to buy the assets for pennies on the dollar can be irresistible again."