March 27, 2014 archive

Mar 27

Bank of England undermines the Classic Money Creation Theory

“In exceptional circumstances, when interest rates are at their effective lower bound, money creation and spending in the economy may still be too low to be consistent with the central bank’s monetary policy objectives. One possible response is to undertake a series of asset purchases, or ‘quantitative easing’ (QE)… As a by-product of QE, new …

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Mar 27

Mass poisoning in the Green Region of Europe #2

No monitoring over waters in Abruzzo by Public Authorities, ISS says -after a decade, many allegations and two trials… And the new wells for drinkable water had been drilled downstream the largest toxic (and illegal) waste disposal in Europe. According to the ISS’s report, Public Authorities knew the pollution danger since 2004 but no advise …

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