Craftsman Rotary Lawn Mower « PCRV
The "quantitative easing" of $ 300 billion, accompanied by an increase in the maximum purchase of Residential Mortgage-Backed Securities (RMBS) issued by Fannie Mae and Freddie Mac $ 500 billion to $ 1,150 billion and the possible purchase of 200... Capitalism is a social system characterized by the existence of three main classes: the "rentier" capitalists (= "investors" = "capitalist"), the "entrepreneurs" (= "entrepreneurs") and the "workers" (= "employees"), and by the dominance within... Indeed, today the Federal Reserve Bank, the U. S. central bank, announced plans to repurchase Treasury bonds (long-term debt of the United States) in large quantities (for a wheel of 300 billion dollars), its budget has now reached a staggering... The balance of power between entrepreneurs and rentiers determines the division between them the surplus created by the labor of workers, pensioners receive interest and the remainder of the surplus back to entrepreneurs as profit, leaving it to... If China was waiting for a signal to get rid of dollars, here it is. A very interesting article in today's Asia Times, signed by Joseph Stroupe, explains how China, in trying to offload its soft dollars, the discretely transferred to funds that... During the second half of the twentieth century, nations have an ever growing delegate their powers to their central banks that have become either a state within a state (as in the U. S. ) is a state over the States (as in Europe). – For the U. S. to declare war on China, it is simply because with short-term rates already at zero, one is forced to move from very poor weapon handling what rate interest in an even worse weapon: create money not because of wealth has been... There is no doubt that we will not sleep much that night in Beijing and Shanghai, busy as they will feverishly craftsman rotary lawn mower to buy mines and oil wells around the world. In 2009, President Obama, by allowing the Fed to print as many dollars as it sees fit, ended the dollar with anything, making the arrogance of the American nation the only remaining extent of the value of its currency. The United States could take the path of a New Deal, and it would have remained as part of a "C position" within the meaning of Granier: the old system should change into a new system. By clinging to the dream of "posture B" (the system will find, although difficult, its original form) through the use of secret weapons that promised to be the removal of the "coast-to-market" (to be invented now scratch the accounting figures)... Today's date, March 18, 2009, will be retained by the story, like that of May 29, 1453 was for the fall of Constantinople, or that of 9 November 1989 for the fall of the Berlin Wall, like who signed the end of capitalism. The introduction of stock options in the late 1970s allowed the rentiers and entrepreneurs, whose interests coincided now, to join forces against the workers, whose share in the surplus sharing never stopped falling since. The dollar ceased to be worth of gold when, in 1971, President Nixon ended the dollar's parity with the metal. Central banks, led by their origin from the capitalists or rentiers (formally the United States and unofficially in Europe), have always worked to their orders and today more than ever. Like one who would attempt to steal, getting up by the feet, the American nation ends the myth that money is wealth: the U. S. dollar now represent only the price of paper and ink needed to print new tickets. Like the ouroboros snake devouring its own tail, the United States so now swallow their own debt, a process referred to by the euphemism of sympathetic "quantitative easing". China will drop capitalism when he feels like it (hence the recent warnings on the whims of a new Tien An Men) and not a good resume its march toward collectivism more determined than ever. (*) A "section presslib '" may be reprinted in whole or in part provided that this paragraph is reproduced in its wake. (*) A "section presslib '" may be reprinted in whole or in part provided that this paragraph is reproduced in its wake. Geithner and Summers) to save the ship a hard capitalism, but the boat sinks at high speed, and the first steps President Obama is, he must see, although a sad mess of a vast sum. Stroupe, basing his analysis on figures compiled by Rachel Ziemba, an associate of Nouriel Roubini, calculates that China could achieve its objective to drastically reduce its exposure to the dollar in a year. Capitalists and entrepreneurs, now allies, encouraged the creation of an abyss of debt owed by companies and workers....