Category: France

Circulating Money Supply: Why the QE3 Won’t Jumpstart Economy & the World?

Ellen Brown on

The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers—but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives. The Fed’s announcement on September 13, 2012, that it was embarking on a third round of quantitative easing has brought the “sound money” crew out in force, pumping out articles with frighting titles such as “QE3 Will Unleash’ Economic Horror’ On The Human Race.” The Fed calls QE an asset swap, swapping Fed-created dollars for other assets on the banks’ balance sheets. But critics call it “reckless money printing” and say it will inevitably produce hyperinflation. Too much money will be chasing too few goods, forcing prices up and the value of the dollar down. All this hyperventilating could have been avoided by taking a closer look at how QE works. The money created by the Fed will go straight into bank reserve accounts, and banks can’t lend their reserves. The money just sits there, drawing a bit of interest. The Fed’s plan is to buy mortgage-backed securities (MBS) from the banks, but according to the Washington Post, this is not expected to be of much help to homeowners either.

War on Iran Will Trigger World War III: A Protocol of Non-Aggression Should Be REACHED Between ISRAEL And IRAN!

Prof Michel Chossudovsky on

Both the US and Israel have threatened to implement a preemptive first strike attack against Iran, the consequences of which would be devastating… Reverse the Tide of War We call upon our readers to spread the message far and wide. We call upon people across the land, in America, Western Europe, Israel, Turkey and around the world to rise up against this military project, against their governments which are supportive of military action against Iran, against the media which serves to camouflage the devastating implications of a war against Iran. The people of Israel are largely united against Prime Minister Netanyahu’s resolve to attack Iran. A protocol of non-aggression should be reached between Israel and Iran.

Attack on Iran during Gulf War Games Unlikely

Dr. Christof Lehmann on

The war of words between Israel, Canada, the USA and Iran has turned ferocious but it is unlikely that the the US-led 30 nations naval exercise IMCMEX 12, held in the Persian Gulf between 16…

France, Western NATO Allies Discussing Imposition Of “No-Fly-Zone” Over Syria, as They DID LAST YEAR against LIBYA!

The 4th Media News on

A French official who spoke on condition of anonymity France and its allies are discussing the establishment of a no-fly-zone over Syria, according to a French official says. “We are working, but not only us, a lot of countries are working on the issue of a no-fly zone, but for the moment it is clear that it’s very difficult to set up for several reasons,” AFP quoted a senior French official as saying in Washington on Friday. “We are talking with all our partners, with the Turks, with the Americans, with the Brits, with others,” said the official, who spoke on condition of anonymity. He went on to say that the decision must be approved by the United Nations Security Council, where it will probably face opposition from Russia and China. “It is a very complex decision for legal reasons and for practical reasons. The military assessment is that this is extremely complicated. This has to be looked at very carefully by the Pentagon, by our military people, the British military, the Turks,” the French official added.