
Ernest Ionescuhttp://investing-manage-properties.comhttp://winner4us.com
In these page, I express my thoughts under today's life impact. All is moderated by my so far experience. The subjects of: freedom, current business environment, social changes, meditative practices, ancient myths and religions, art, web craft, and other things that I am passionate about will be discussed in these pages.
The communist word for this is exploitation. The solution for exploitation was to take the state power, socialize all properties and destroy the unhappy formal owners, the bourgeoisie, and make all equals. I call it a violent social revenge; they called it the dictatorship of the proletariat. So far the communist solution of this problem was to make people equal in poverty.
I was five years old in 1947 when after WWII, in the Russian occupied the communist dictatorship of the proletariat started. The people with properties or money in the bank were the enemy. I saw the first conversion of the money. They say the king picture on the money do not mach with the new Republic symbols. The exchange was meant to make cash on hand worthless. The total amount exchanged was limited to one month living expenses. Everybody has to work for small retribution that will never make rich people again, but the work around was to become a privileged person. We the kids played games with worthless coins for years after that. We remember that time and understand more now.
Ernest Ionescu
http://investing-manage-properties.com
http://winner4us.com
The General Motors (GM) did and had to do separations and layoffs to survive in this economic crisis.
I write this article for some people from Europe or from a different culture that envy us the Americans for more opportunities and more material advantages.
The truth is in the capitalist world most companies work for profit and in the due process the capital and resources are reassigned continuously.
The destruction and corporate layoffs are part of reconstruction. I learned that from school and experience and now this is part of my business thinking.
I wrote this article about layoffs for me too. I have my ego problem being separated the American style."I don't care if it's a white cat or a black cat. It's a good cat so long as it catches mice."
So many ideas are coming from all directions including Great Britain with Tony Blair's "Centrist way" or even The United States democratic social programs to name a few.
Before going even further I suggest to take a deep breath and start reading my pages about "What is Socialism?" or better "What is the Communism?", "Romania at Historic Crossroads", or "The Escape - Confession of a Refugee"
The Federal Reserve considers transparency about the goals, conduct, and stance of monetary policy to be fundamental to the effectiveness of monetary policy. The Federal Reserve Act sets forth the goals of monetary policy, specifically "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." Financial stability is an important prerequisite for achieving those goals.
In January 2009 during an interview on C-SPAN, Rep. Paul Kanjorski (D-PA) paraphrased information provided to Congress in September 2008 by Federal Reserve Chair Ben Bernanke with then-Treasury Secretary Hank Paulson.
According to Kanjorski, the Federal Reserve at about 11 AM on Thursday, September 18, 2008 detected that $550 billion had been withdrawn from money market funds in the preceding 1-2 hours. In response, the Fed started to provide liquidity to try to stem this electronic bank run. After spending $105 billion, Fed officials realized that they were unable to stop the run.
Kanjorski did not say who was behind these massive money market withdrawals. There are several central banks and some of the world's ultra-wealthy private individuals who could have started this process. Much of global financial investments are managed by computer programs set up to react quickly to unusual trends.
A single party could have started the whole process by withdrawing enough money market funds to cause other investors' programs to spring into action to withdraw their funds, leading the whole process to snowball.
They stopped further spending, temporarily closed down money market accounts, and then announced that the federal government would guarantee such accounts up to $250,000 per account as a means to halt the panic.
According to the Fed, if they had not made the moves that they did then, a total of $5.5 trillion of money market funds would likely have been withdrawn by 2 PM. If that had occurred, the entire US economy would have collapsed.
Then-US president Bush quickly called for a $700 billion bailout package that grew to $875 billion by the time Congress got through adding projects. These events and response to them created an impact on presidential elections. Currently the President Barak Obama and the executives fight the global financial crisis to avoid further economic deterioration in the USA.
The Federal Reserve has implemented new policy tools to address the global current financial crisis.
The reduction in the target federal funds rate from 5-1/4 percent to effectively zero was an extraordinarily rapid easing in the stance of monetary policy. In addition, the Federal Reserve has implemented a number of programs designed to support the liquidity of financial institutions and foster improved conditions in financial markets.
Transparency about monetary policy also helps promote the accountability of the Federal Reserve to the Congress and the public. Such accountability is especially critical when nontraditional policy tools--which are less familiar to the public than traditional policy tools--are employed.