Forum Post: Criminal Lies, Criminal Neglect, QE3 program to keep Interest Rates Low Hurts Main Street and Prevents Job Growth
Posted 5 years ago on Nov. 10, 2012, 4:51 a.m. EST by Middleaged
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Criminal Lies, Criminal Neglect, QE3 program to keep Interest Rates Low Hurts Main Street and Prevents Job Growth. It is an Early Form of Austerity perpetrated on the American people.
You tell me if it is Malicious Lies, Criminal Stupidity of the Federal Reserve Board, negligence, or some sick Joke the Bankers are all in on....
Story Orignates from for Central banker, William F. Ford – former president of the Federal Reserve Bank of Atlanta. And is supported by Dallas Federal Reserve Bank president Richard Fisher.
The Fed Is Expected to Launch QE3 Next Week … Which Would Help the Rich and Hurt the Little Guy
Posted on September 8, 2012 by WashingtonsBlog
Mr. Ford Conducted a Study or Reported with table of his findings that our Economy has missed some big opportunity because of Quanititative Easing which keeps the interest Rate very low. The finding is that Higher Interest Rates increase spending in the Economy and this Translates into jobs for Americans.
"...The projected annual impact of this loss of interest income on just $9.9 trillion of rate-sensitive assets translates into $256 billion of lost consumption, a 1.75 percent loss of GDP, and about 2.4 million fewer jobs..."
See link for Table of data.
Perhaps this should be an OWS Alert This is like the Great Depression. Bankers and Economist are paid to know better than this prolonged period of Subsidy to Wall Street banks.
I've been complaining about this for 6 Months or so. We need 4-5% Interest Rates on Individual Savings Accounts to keep up with Inflation, to encourage good citizen behavior, to educate young future Voters, and to recognize that we are Individuals with Rights and we are the ones Building this country.
We have had low Interst rates for 4 Years, but really the first Round of lower interest Rates was after the Doc Com Crash in 2000, 12 years ago
The only thing happening in QE3 is a Subsidy to Wall Street Bankers and Austerity on the American People.
Also Supporting this Article is Simon Rose of SaveOurSavers.co.uk