Thursday, November 4, 2010
Print & Pump: 'Fed's $500 billion boost to feed mega-banks'
The Federal Reserve is set to reveal its plans to pump 500 billion freshly-printed dollars into the economy. The move is designed to revive the weakened U.S. financial form and reduce unemployment. But economists warn the strategy will result in the drop of the dollar and a rise in consumer prices. For more insight, RT talks to economic researcher William F. Engdahl.
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