No Taper. The Federal Reserve begins its two-day meeting today and will announce its policy decision tomorrow afternoon. The Fed is currently pumping in $85 billion per month ($1 trillion annually) into the U.S. economy, and Follow the Money continues to forecast that this amount will not be lowered at tomorrow’s meeting.
Expect an Increase in Fed Stimulus in 2014. Instead of a decrease in current QE3 efforts, Follow the Money has been forecasting an increase… Possibly as high as $150 billion per month.
The doubling in Mexican oil output that Citigroup Inc. said may result from inviting international explorers to drill would be equivalent to adding another Nigeria to world supply, or about 2.5 million barrels a day.
China’s holding of U.S. debt surged past $1.3 trillion for the first time in October, worth nearly $1,000 per Chinese citizen. Japan remains the second-largest U.S. creditor, holding $1.17 trillion in U.S. debt.
While the game’s level that allows members of the Chinese military to fight the Japanese on the Senkaku Islands was announced in July, the scene of B-52 bombers flying overhead appears to be a recent addition.
“Archiving the Rise of Big Brother and the Fall of the Republic”
“If Snowden was in Brazil, it is possible that he could do more to help the world understand how the NSA and its allies are invading the privacy of people around the world, and how we can protect ourselves. He cannot do it in Russia.”
U.S. District Court Judge Richard Leon: “I cannot imagine a more ‘indiscriminate’ and ‘arbitrary invasion’ than this systematic and high-tech collection and retention of personal data on virtually every single citizen for purposes of querying it and analyzing it without judicial approval…”
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