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.
Fed prints another $600bn to keep US recovery on track
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.
Obama Created More Jobs In One Year Than Bush Created In Eight
This morning, the Labor Department released its employment data for December, showing that the U.S. economy ended the year by adding 113,000 private sector jobs, knocking the unemployment rate down sharply from 9.8 percent to 9.4 percent — its lowest rate since July 2009. The “surprising drop — which was far better than the modest step-down economists had forecast — was the steepest one-month fall since 1998.” October and November’s jobs numbers were also revised upward by almost 80,000 each. Still, 14.5 million Americans remain unemployed, and jobs will have to be created much faster in coming months for the country to pull itself out of the economic doldrums.
Federal Reserve works to strip a key mortgage protection for homeowners - Rescission
As Americans continue to lose their homes in record numbers, the Federal Reserve is considering making it much harder for homeowners to stop foreclosures and escape predatory home loans with onerous terms.
The Fed's proposal to amend a 42-year-old provision of the federal Truth in Lending Act has angered labor, civil rights and consumer advocacy groups along with a slew of foreclosure defense attorneys. They're not only asking the Fed to withdraw the proposal, they also want any future changes to the law to be handled by the new Consumer Financial Protection Bureau, which begins its work next year.
Former Obama Auto Industry Czar Steven Rattner Will Pay $10 Million in Restitution
Steven Rattner, the former principal of private equity firm Quadrangle Group LLC, will pay $10 million to settle a probe by New York Attorney General Andrew Cuomo of corruption at the state pension fund in a deal that largely ends a three-year investigation that has yielded eight guilty pleas.
Rattner's payment of restitution to the state of New York is less than half of the $26 million Cuomo sought. Rattner also agreed to be banned from appearing in any capacity before any public pension fund in the state for five years, the attorney general’s office said in an e-mailed statement. Cuomo, New York's governor -elect, sought a lifetime ban from the securities industry.
U.S. changes how it measures long-term unemployment
So many Americans have been jobless for so long that the government is changing how it records long-term unemployment. Citing what it calls "an unprecedented rise" in long-term unemployment, the federal Bureau of Labor Statistics (BLS), beginning Saturday, will raise from two years to five years the upper limit on how long someone can be listed as having been jobless.
The move could help economists better measure the severity of the nation's prolonged economic downturn.
AIG Gets $4.3 Billion of Credit; Seeks to Exit Bailout
American International Group Inc., the insurer bailed out by the U.S., garnered $4.3 billion in bank credit lines in another step toward repaying taxpayers and gaining independence. The credit, provided by more than 30 banks and administered by JPMorgan Chase & Co., includes two $1.5 billion facilities, one for three years and the other for 364 days, AIG said today in a regulatory filing.
AIG’s property-casualty division Chartis Inc. got $1.3 billion, the insurer said. The firm rose $2.01, or 3.7 percent, to $56.34 at 10:03 a.m. New York Stock Exchange composite trading.
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