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RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve

Posted By admin On June 28, 2010 @ 4:37 am In Featured Stories | Comments Disabled

Ambrose Evans-Pritchard
London Telegraph [1]
June 28, 2010

As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve.

Entitled “Deflation: Making Sure It Doesn’t Happen Here“, it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent themselves to near bankruptcy.

The speech is best known for its irreverent one-liner: “The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost.”

Bernanke began putting the script into action after the credit system seized up in 2008, purchasing $1.75 trillion of Treasuries, mortgage securities, and agency bonds to shore up the US credit system. He stopped far short of the $5 trillion balance sheet quietly pencilled in by the Fed Board as the upper limit for quantitative easing (QE).

Full article here [1]

RBS tells clients to prepare for monster money printing by the Federal Reserve 140410banner4 [2]


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[1] London Telegraph: http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html

[2] Image: http://infowars-shop.stores.yahoo.net/post4rioffe.html

[3] How In The World Did We Get To The Point Where The Federal Reserve Is Printing Money Out Of Thin Air Whenever It Wants?: http://www.prisonplanet.com/how-in-the-world-did-we-get-to-the-point-where-the-federal-reserve-is-printing-money-out-of-thin-air-whenever-it-wants.html

[4] Is The Federal Reserve Out Of Control? Markets Across The Globe Brace For Impact As The Federal Reserve Powers Up The Printing Presses: http://www.prisonplanet.com/is-the-federal-reserve-out-of-control-markets-across-the-globe-brace-for-impact-as-the-federal-reserve-powers-up-the-printing-presses.html

[5] China warns Federal Reserve over ‘printing money’: http://www.prisonplanet.com/china-warns-federal-reserve-over-printing-money.html

[6] Federal Reserve Money Printing Is The Real Reason Why The Stock Market Is Soaring: http://www.prisonplanet.com/federal-reserve-money-printing-is-the-real-reason-why-the-stock-market-is-soaring.html

[7] Glenn Beck: Federal Reserve “May Help Us” By Printing Money: http://www.prisonplanet.com/glenn-beck-federal-reserve-may-help-us-by-printing-money.html

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