Translation: We're Going To Print Money

Federal Reserve to start the deflation fight next week, expert claims

Paul Sheard, Nomura's chief global economist, argues that the current conditions are ripe for the American central bank to take affirmative action to put the US recovery back on track.

In the first call of its kind from a Wall Street economist, Mr Sheard says that given subdued growth and concern about inflation, the Federal Open Markets Committee will act when it meets a week today.

His comments follow those of James Bullard, president of the St Louis Fed, who last week said the central bank needs to equip itself with a plan for further quantitative easing should it be required, and after the latest US growth figures showed the American economy deteriorated somewhat in the second quarter.

The Fed is thought unlikely to make any change to its base Federal funds interest at the meeting, which has been held at a range of 0-0.25pc since December 2008.

"We now believe that current conditions have moved policymakers into action and that the FOMC will adopt a more accommodative stance at its 10 August meeting," Mr Sheard wrote in a research note. "We expect the Fed to at least stop the passive contraction of its balance sheet."

http://www.telegraph.co.uk/finance/economics/7923054/Federal-Reserve-to-start-the-deflation-fight-next-week-expert-claims.html

Well that's all you can do isn't it. If you ever stop then the illusory ponziconomy collapses. And if you keep going the currency will collapse. It is, how do we say Mr Anderson, inevitable. But hey, it was you who stole everything in the first place, so it's about time your crimes are revealed, or to paraphrase Goebbels, it's about time that you can no longer shield the people from the economic consequences of the Lie.