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Federal Reserve predicts new economic Crisis

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Federal Reserve predicts new economic Crisis

Post by Guest on Fri Jul 13, 2012 2:17 pm

A recent meeting of the US Federal Reserve revealed that members of America’s central bank are not very optimistic about the future of the country’s economy.
Even though the Fed is at odds regarding what to do in terms of helping economic growth — and it still remains unclear whether or not a third round of quantitative easing (QE3) is to come — the official forecast from the bank suggests that the US may be sliding into a crisis.
Details from the Fed’s last meeting have been released to the public, and the minutes from that gathering reveal that the economists that oversee much of the inner-workings of the country’s fiscal policy remain concerned with the state of America.
Among the items discussed in the meeting ishow a lack of initiative on the part of the US Congress could bring further strain on America’s economy, specifically that a failure to avert tax hikes and planned massive spending cuts later this year could be catastrophic.

http://rt.com/usa/news/economic-meeting-fed-members-048/

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Re: Federal Reserve predicts new economic Crisis

Post by Guest on Fri Jul 13, 2012 2:22 pm

For whatever reason, Congress thinks it's a big bluff. Yeah, just like they were bluffing last year and then downgraded us for the first time in years. Thank you Congress.

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Re: Federal Reserve predicts new economic Crisis

Post by invisiblecitizen on Sat Jul 14, 2012 8:32 am

The real message here is: Due to the lack of economic growth, banks are going to need another bailout in order to stimulate growth even though we all know bailouts only keep the banks solvent.

Since this country is owned by the banks, we will continue to see banks reaping in the "profits/huge salaries/bonuses", and making us pay for the sure-to-follow losses.

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Re: Federal Reserve predicts new economic Crisis

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