The Federal Reserve was set up by bankers for bankers, and it has served them well. Out of the blue, it came up with $12.3 trillion in nearly interest-free credit to bail the banks out of a credit crunch they created. That same credit crisis has plunged state and local governments into insolvency, but the Fed has now delivered its ultimatum: there will be no “quantitative easing” for municipal governments.
On January 7, according to the Wall Street Journal, Federal Reserve Chairman Ben Bernanke announced that the Fed had ruled out a central bank bailout of state and local governments. "We have no expectation or intention to get involved in state and local finance," he said in testimony before the Senate Budget Committee. The states "should not expect loans from the Fed."
THE FED HAS SPOKEN: NO BAILOUT FOR MAIN STREET
Al-Jazeera files complaint over security checks at Jerusalem event
A female reporter for the Qatar-based news channel was reportedly asked to remove articles of clothing, including her bra, while entering a Foreign Press Association event. The Foreign Press Association in Israel is threatening to boycott briefings held by Prime Minister Benjamin Netanyahu if security procedures are not changed immediately.
"In a democratic country, security services are not permitted to do as they please," the association said in a open statement. "For a government trying to usher in a new era of relations with the foreign media, this is a peculiar way to begin."
Sarah Palin unapologetic after criticism related to Arizona shootings
Former Alaska Gov. Sarah Palin pushes back against the idea that heated political speech played a role in the Tucson shootings that killed six people and seriously wounded U.S. Rep. Gabrielle Giffords.
In a forceful and unapologetic statement released early Wednesday, Sarah Palin dismissed critics who had suggested that the former Alaska governor's firearms-infused rhetoric contributed to the shootings in Tucson that killed six and wounded 14, including U.S. Rep. Gabrielle Giffords, contending they "incite the hatred and violence they purport to condemn."
Fox News CEO Roger Ailes: Fox And 'The Other Side' Need To Tone Down Rhetoric
Ailes' comments appeared in a conversation with Russell Simmons that was published on Simmons' website, Global Grind. He said that any attempts to connect Fox News or the Tea Party to the shooting were "bullshit," and that "both sides" were responsible for extreme rhetoric.
"I told all of our guys, shut up, tone it down, make your argument intellectually," Ailes said. You don't have to do it with bombast. I hope the other side does that."
Man fined $5,200 for growing cucumbers in basement
Mission, British Columbia, resident Len Gratto recently experienced the wrath of local city officials who fined him $5,200 for growing cucumbers in his basement. Under current laws, municipal regulators are permitted to enter premises on suspicion that a homeowner is illegally growing marijuana -- and even if no pot is found, they can levy the fines anyway.
Fed prints another $600bn to keep US recovery on track
The dollar fell against most currencies due to QE, raising fears of a retaliatotry strike by the Bank of Japan on Friday.
The Fed's decision will also heap pressure on the Bank of England to follow suit on Thursday, when it decides whether to increase its £200bn of QE.
War for the People; Profit for the Bankers
The Federal Reserve was set up in 1913 to finance both sides of two subsequent world wars. In other words, these wars were funded by the credit of the US taxpayer. Apart from profiting from it , the Illuminati bankers use war to enslave us with debt, enact social change and consolidate their power.
The Federal Reserve has helped underwrite continued American military expenditures, even after the World Wars. As of 2009, "Defense" accounts for 23% of all American Federal spending. And therefore, the gargantuan size of the American Federal debt is related to the continuation of American military interventions abroad.
WikiLeaks: treat incitement seriously or expect more Gabrielle Gifford killing sprees.
WikiLeaks staff and contributors have also been the target of unprecedented violent rhetoric by US prominent media personalities, including Sarah Palin, who urged the US administration to “Hunt down the WikiLeaks chief like the Taliban”.
Prominent US politician Mike Huckabee called for the execution of WikiLeaks spokesman Julian Assange on his Fox News program last November, and Fox News commentator Bob Beckel, referring to Assange, publicly called for people to "illegally shoot the son of a bitch."
Nearly 50 Percent Of Mental Health Services Recipients In Giffords' County Were Dropped In 2010
In the past year, Pima County, Ariz., where Democratic Rep. Gabrielle Giffords and 19 others were shot Saturday, has seen more than 45 percent of its mental health services recipients forced off the public rolls, a service advocate told The Huffington Post.
The deep cuts in treatment were protested strongly at the time, with opponents warning that they would result in a spike in suicide attempts, public disturbances, hospitalizations and brushes with the police.
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