The dollar headed for the biggest weekly loss against the euro since December after Federal Reserve Chairman Ben S. Bernanke signaled the bank may cut interest rates further to avert a recession.

(click play on video below to see more…)

the following is an excerpt of Feb. 15 (Bloomberg) article by By Stanley White and Kosuke Goto– “The dollar headed for the biggest weekly loss against the euro since December after Federal Reserve Chairman Ben S. Bernanke signaled the bank may cut interest rates further to avert a recession.

The currency traded near a one-week low versus the euro as Bernanke said the Fed “will act in a timely manner as needed to support growth.” The allure of U.S. assets diminished as the yield premium of European government bonds over Treasuries widened to the most in more than a week.

“The dollar will remain weak today after Bernanke’s speech,” said Motonari Ogawa, vice president of interest-rate products and foreign exchange in Tokyo at Morgan Stanley, the second-largest U.S. securities firm. “The U.S. yield disadvantage is increasing. I was about to turn into a dollar- bull, but I’m now rethinking it.”

CNNMoney (See original article here.) By Brian O’Keefe, senior editor, quoting Jim Rogers on the US economy right now:

“Conceivably we could have just had recession, hard times, sliding dollar, inflation, etc., but I’m afraid it’s going to be much worse,” he says. “Bernanke is printing huge amounts of money. He’s out of control and the Fed is out of control. We are probably going to have one of the worst recessions we’ve had since the Second World War. It’s not a good scene.”

(The central bank’s second interest rate cut in a week raises the risk of inflation and bails out the banks.)

(Interest rate cut=increased money supply=inflation=hard times for poor and working families)

Rogers looks at the Fed’s willingness to add liquidity to an already inflationary environment and sees the history of the 1970s repeating itself. Does that mean stagflation? “It is a real danger and, in fact, a probability.”

Great explanation of what is going wrong with our economy and why we should be upset on behalf of the people and the founding fathers:

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“Don’t Taze me Bro!” Watch video of University of Florida student journalist, Andrew Meyer, being Tasered for asking US Senator John Kerry the wrong question at a school Q and A session.

See Video by pressing play here:

Mr. Andrew Meyer, a University of Florida student journalist, was handcuffed and tasered after asking Senator John Kerry some questions during a structured Q and A session following Kerry’s speech in Gainesville on September 17, 2007.Wire Services report that Senator Kerry released a statement about the event on Tuesday, saying:

“In 37 years of public appearances, through wars, protests and highly emotional events, I have never had a dialogue end this way.” Kerry said. “I hope that neither the student nor any of the police were injured. I regret enormously that a good healthy discussion was interrupted.”

Congressman Ron Paul, MD vs. Fed Reserve Chairman Ben Bernanke, 11/08/2007:

Interesting video of Congressman Ron Paul explaining Our Founders’ Constitution and the insidious transfer of wealth form poor and working class to Corps. and banks via “inflation tax” to Federal Reserve Chairman Ben Bernanke

Ron Paul explaining these things to Fed Reserve Chairman Ben Bernanke:

Recent news montage of sliding dollar and dangerous fiscal policy of Federal Reserve to protect banks:

Progress.

“All truth passes through three stages. First, it is ridiculed, second it is violently opposed, and third, it is accepted as self-evident.”

Arthur Schopenhauer