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The American Empire in a Changing World



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Sunday, October 7, 2012

''Chris Martenson on what Job Numbers, the Fed, and a Drop in Oil Prices are Hiding!''

From RT.com...........''Welcome to Capital Account. The ECB plans to use its unlimited bond buying program, known as OMT, to buy sovereign bonds for one or two months and then suspend purchases during an assessment period, according to Reuters. Attempts to reflate the global credit supply have truly reached new levels. The central bank has gone from traditional monetary policy of setting interest rates, to buying US treasuries and government agency debt, to then buying mortgage backed securities to bolster the housing market. All this is done under the guise of the Fed's "dual mandate" of promoting full employment and price stability. And yet, the only thing central bankers have managed to achieve as they break the laws of physics is to inverted time and space and suck whatever duration is left out of the bond market. To help us contemplate life after the death of interest rates and the credit system, we talk to Chris Martenson, author of "The Crash Course." Among other things, we ask Dr. Martenson how he thinks the issue of credit expansion is compounded by global energy resource depletion and population growth.''

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