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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (46160)	7/6/2012 7:18:05 AM
From: John	1 Recommendation Read Replies (1) \| Respond to of 71463

Global central banks are still actively buying back their own paper to support the fiat. It's certainly not breaking news, but all fiat monetary systems are a complete sham. -nfg- There are those who will cry, "Easing isn't working! Stop it!" Oh? Easing isn't working for whom? Easing is not designed to work for taxpayers. Easing is designed to ensure that growth is maximized for the owners of the world's central banks, regardless of the economic climate. --- Central Banks Deliver 45-Minute Salvo as Growth Weakens bloomberg.com excerpt: Global central banks went on the offensive against the faltering world economy, cutting interest rates and increasing bond buying as a round of international stimulus gathers pace. In a 45-minute span, the European Central Bank and People’s Bank of China cut their benchmark borrowing costs, while the Bank of England raised the size of its asset-purchase program. Two weeks ago, the Federal Reserve expanded a program lengthening the maturity of bonds it holds and Chairman Ben S. Bernanke indicated more measures will be taken if needed. “The actions had the look and feel of a coordinated global easing campaign,” said Nick Kounis, head of macro research at ABN Amro Bank NV in Amsterdam. “The central banks are trying to arrest the synchronized slowdown in global economic growth that has taken shape.” Almost five years since the financial crisis first forced them into action, policy makers are reacting anew as Europe’s debt crisis persists, U.S. hiring slows and emerging markets soften. The jury is out on whether the additional monetary medicine will work or if even more will be needed. The steps by the U.K. and euro area pushed JPMorgan Chase & Co. (JPM)’s average interest rate for developed economies to a crisis- era low of 0.48 percent and will add to the balance sheets of major central banks, which have already swelled 40 percent since mid-2007. “Some policy makers may be at the limits of their influence,” UBS AG (UBSN) economist Paul Donovan wrote in a research report today.