While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” the Bernanke Doctrine continues: The Federal Open Market Committee, of the privately owned Federal Reserve System of (central) Banks, announces the establishment of the Agency MBS program to purchase 1,250,000,000,000 “dollars” worth of mortgage backed securities from commercial banks, in an efforts to stimulate consumer lending.
NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.
[added 1/8/2022] Thanks to Jim Lorenz for this entry.
Subsequent Events:
References:
FRB: Press Release–FOMC Statement–September 23, 2009
www.federalreserve.gov/newsevents/press/monetary/20090923a.htm
A Year in Bank Supervision: 2008 and a Few of Its Lessons
www.fdic.gov/regulations/examinations/supervisory/insights/sisum09/bank_supervision.html
Communist Manifesto 10 Planks
www.libertyzone.com/Communist-Manifesto-Planks.html