Quantitative easing News
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Washington -
Last week, the Federal Reserve uploaded a video to YouTube of its Chairman delivering a lecture on the recent and ongoing financial crisis.
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London -
The Bank of England has created another £50 billion of electronic money, or so we are led to believe, but where has the previous £275 billion gone?
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Less than eighteen months after the Deepwater Horizon tragedy and environmental disaster, the company behind it has been given the go ahead to drill in an area of outstanding natural beauty.
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Last week, the Bank of England authorised the creation of £75 billion with the stroke of a pen to give to the banks. Meanwhile, hospital workers are being asked to give up their paid holidays.
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Economists are predicting a further round of Quantitative Easing later this week, but there is no point in the government creating new money if it doesn’t get to the people who need it.
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The super-rich on both sides of the Atlantic are appealing to their governments to tax them more to aid those less fortunate than themselves. The truth is, all taxation is totally unnecessary.
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Quantitative Easing is routinely described by the mass media as printing money electronically; in reality, it isn’t quite that simple.
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If the American government paid less attention to alleged human rights abuses in Iran, and more attention to its current affairs TV programmes, it might not now be facing a financial meltdown.
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The Bank of England, The UK’s central bank, cut interest rates to 0.5 percent yesterday. This is the sixth month in a row that the Bank has cut rates. Interest rates are now at the lowest ever in the Bank’s 315-year history.
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Quantitative easing Headlines
The BBC's Aaron Heslehurst on the Bank of England's decision to extend its quantitative easing programme - and the European Central Bank leaves eurozone interest rates unchanged.
How the Bank of England pumps money into the economy
School children extract admissions from Bank governor
The Bank of England agrees to extend its quantitative easing programme by £50bn to give a further boost to the UK economy.
The Bank of England holds UK interest rates at 0.5% and no new quantitative easing measures are announced.
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Quantitative easing Image
A still from a debate on Iranian television. Amir Tahouri is in the chair.
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Quantitative easing Blogs
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