PLEASE SUBSCRIBE!!! (AP) – The stock market recorded its biggest weekly drop in three months as a feeling of malaise took over after the US failed to rally world leaders to come up with plans to strengthen global growth. – (Reuters) – Oil rebounded above $85 a barrel on Monday after falling sharply from a more than two-year high last week as investors looked beyond Irish debt worries to signs of a macroeconomic pick-up, but a strong dollar capped gains. – (NYTimes) A weakening currency traditionally helps a country raise its exports and create more jobs for its workers. But the declining value of the dollar may not help the United States increase economic growth as much as it might have in the past. – (Telegraph) The European president Herman van Rompuy offers a tempting target for jokers. But his call for for the imposition of a common economic policy, backed up with surveillance and punishments, has a decidedly sinister ring. – (CNN) — Ireland is not on the verge of defaulting on debts, its Ministry of Finance insisted Monday, amid international fears that Ireland’s financial troubles threaten the stability of the European currency the euro. – (Telegraph) The Bank of England should provide another boost to the UK economy if output stays below trend as expected, according to one of its senior policymakers, raising the prospect of more quantitative easing (QE). – (AP) – Judges who hear Social Security disability cases are facing a growing number of violent threats from …
Wednesday 30 — Challenger Gray & Christmas reports on March job-cut announcements. Also on tap: ADP’s survey of private jobs. –St. Louis Fed’s Thomas Hoenig speaks at London School of Economics. — The House Financial Services panel eyes financial-reform costs. Richmond Fed president testifies on reform’s impact at the Oversight Committee. — China Cosco Holdings holds a news conference in Hong Kong on results. — FDA panel considers links between food additives and children’s behavior. — The SEC is set to propose draft rules on securitization of bank loans. — Cabinet members Hillary Clinton and Robert Gates give closed-door briefings Wednesday Unifirst 2Q 0.82 0.83 UNF Family Dollar Stores 2Q 0.97 0.81 FDO Acuity Brands 2Q 0.50 0.40 AYI DryShips DRYS General Maritime GMR Mosaic MOS 7:00 am Mar 25 MBA Mortgage Applications Survey Market Composite Index (previous 524.4), Cur Chg (previous +2.7%), Purchase Index (SA) (previous 191.7), Cur Chg (previous +2.7%), Refinance Index (previous 2471.2), Cur Chg (previous +2.7%) 7:30 am Challenger Job-Cut Report 8:15 am Mar ADP National Employment Report Private Payrolls Forecast (expected +205000) 10:00 am Mar Online Help Wanted Index 10:30 am Mar 25 EIA Petroleum Status Report Crude Oil Stocks (previous 352.77M), (Net Change) (expected +1.2M), Gasoline Stocks (previous 219.72M), (Net Change) (expected -1.5M), Distillate Stocks (previous 152.62M), (Net Change) (expected -200K), Refinery Usage (expected 84.3%), Total Products …
HOW THE FEDERAL RESERVE SYSTEM WORKS; PUTTING AMERICA IN A CONTINUAL STATE OF DEBT- (Narrator) When the United States needs money it has to request it from the Federal Reserve. And in America nothing is free as you might think. The Federal Reserve Bank loans the money to the US at interest. This puts the government and its people in a continual state of debt. All of our income taxes are paid back to the Federal Reserve. THIS IS ALL A MATTER OF PUBLIC RECORD AND EASILY VERIFIABLE SHOULD YOU CARE TO LOOK. The founding fathers were aware of the dangers of central banks and tried to prevent them, but the powerful bankers including the Rockefeller’s, the Morgan’s, the Warburg’s, and the Rothschild’s were determined to create a central banking system in America at any cost.
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