Quantitative easing – Wikipedia

Comment by tonytran2015: Risky financial assets have been sold through QE at unjustifiably high price to Central Banks, that is to the taxpayers. It is a blatant “Privatizing profits and Socializing losses”.

https://en.m.wikipedia.org/wiki/Quantitative_easing

Quantitative easing (QE) is a monetary policy whereby a central bank purchases at scale government bonds or other financial assets in order to inject money into the economy to expand economic activity.[1] Quantitative easing is considered to be an “unconventional” form of monetary policy,[2] which is usually used when inflation
is very low or negative, and when standard monetary policy instruments have become ineffective. The term “quantitative easing” was coined by German economist Richard Werner in 1995[3] in the context of the Japanese crisis.

A central bank implements quantitative easing by buying financial assets from commercial banks and other financial institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the money supply. In contrast to conventional open-market operations, quantitative easing involves the purchase of more risky assets (than short-term government bonds) and at a large scale, over a pre-committed period of time.

Central banks usually resort to quantitative easing policies when
their key interest rates approach or reach zero (a situation described
as the “zero lower bound“) which induces a “liquidity trap
where people prefer to hold cash or very liquid assets, given the
perceived low profitability on other assets. In such circumstances,
monetary authorities may then use quantitative easing to further
stimulate the economy.

Quantitative easing has been largely undertaken by all major central banks worldwide following the global financial crisis of 2007–08 and in response to the COVID-19 pandemic. Quantitative easing can help bring the economy out of recession[4] and help ensure that inflation does not fall below the central bank’s inflation target.[5]
However QE programmes are also criticized for their side-effects and
risks, which include the policy being more effective than intended in
acting against deflation
(leading to higher inflation in the longer term), or not being
effective enough if banks remain reluctant to lend and potential
borrowers are unwilling to borrow.

SHAMEFUL! Facebook Skewered For Citing Disgraced Expert In Fact-Checks | PA Pundits – International

https://papundits.wordpress.com/2021/06/12/shameful-facebook-skewered-for-citing-disgraced-expert-in-fact-checks/

By Alexander Hall ~

So-called experts advising Big Tech are experiencing a crisis of credibility as the once-condemned laboratory leak theory rises in popularity.

Big Tech’s initiative that Americans must listen to the experts has sounded more ridiculous and ill-informed by the day. RedState Managing Editor Jennifer Van Laar reported in a June 11 blog: “The man who worked on coronaviruses with Wuhan Institute of Virology’s ‘Bat Woman’ Dr. Shi Zhengli as long ago as 2013, whose company gave WIV $800,000 in funding to study bat coronaviruses from 2014-2019, and who served as a Facebook COVID fact-checker, is bitterly clinging to the narrative that the pandemic originated at the wet market in Wuhan.”

The same article recounted how the aforementioned expert cited in fact-checking, EcoHealth Alliance President Peter Daszak, also reportedly spoke absurdities during a 60 Minutes interview:

Daszak, incredibly, was a member of the [World Health Organization] “mission,” and believes that the group made a big discovery during their time in China – the 1,000-mile ‘pathway’ the virus took from bat caves in southern China to Wuhan. If that were true, why haven’t we heard about it before now?

60 Minutes summarized his claim that the pathway led “not to the lab in Wuhan but from wildlife farms in southern China directly to the wet market in Wuhan, the Huanan Seafood Market.”

Fox News torched Daszak for his relation with one of Facebook’s fact-checking partners and his refusal to humor the lab narrative:

Daszak was also cited by Facebook fact-checking partner Science Feedback in a February 2020 post headlined, “Scientific evidence indicates virus that causes COVID-19 infection is of natural origin, not the result of human engineering.”

The fact-check entry from Science Feedback did in fact cite Daszak by name in condemning the lab leak theory:

Peter Daszak, epidemiologist and president of the EcoHealth Alliance who has collaborated with WIV researchers, warned during an interview with the journal Science: “These rumors and conspiracy theories have real consequences, including threats of violence that have occurred to our colleagues in China.”

The COVID-19 pandemic and its aftermath have appeared to be a referendum on trusting experts to set policy or decide who must be censored.

The House Judiciary GOP verified account tweeted an open letter from Congressmen Jim Jordan (R-OH) and James Comer (R-KY) condemning Facebook CEO Mark Zuckerberg for coordinating with Dr. Anthony Fauci.

In a damning indictment, the letter recounted: “Facebook amplified sources like the World Health Organization—even though such sources have proven to be conflicted and unreliable in the past.” The World Health Organization misinformed nations around the globe that there was “no clear evidence of human-to-human transmission” of COVID-19 as late as Jan. 14, 2020.

Conservatives are under attack. Contact Facebook headquarters at 1-650-308-7300 and demand that Big Tech mirror the First Amendment while providing transparency, clarity on “hate speech” and equal footing for conservatives. If you have been censored, contact us at the Media Research Center contact form, and help us hold Big Tech accountable.

Alexander Hall contributes posts at the NewsBusters site, and he is a staff writer for MRC TechWatch.

Read more Great Articles at NewsBusters . http://newsbusters.org/

Outsourcing The Production Of Virtually Everything Has Brought Us To The Brink Of A Nightmare Scenario For The U.S. Economy, by Michael Snyder | STRAIGHT LINE LOGIC

https://straightlinelogic.com/2021/06/09/outsourcing-the-production-of-virtually-everything-has-brought-us-to-the-brink-of-a-nightmare-scenario-for-the-u-s-economy-by-michael-snyder/

Off-shoring, outsourcing, and just-in-time inventories are cost effective when everything goes right, but they can be a nightmare when things go wrong. From Michael Snyder at theeconomiccollapseblog.com:

Many of the imbalances that are contributing to the nightmarish shortages that we are currently witnessing are not going to be solved any time soon. Ever since I started The Economic Collapse Blog, I have been warning that outsourcing the production of just about everything and running massive trade deficits year after year would eventually have very serious consequences down the road. Well, now we are officially “down the road”, and our incredibly foolish trade policies have put us in a very precarious position. During the “good times”, being extremely dependent on the rest of the world to make stuff for us wasn’t a problem, but now it is rapidly becoming a national security issue.

For example, without a steady flow of computer chips, our society as it is formulated today simply could not function. We need computer chips for our vehicles, for the trucks that transport all of our goods, for the farm equipment that produces our food, for the extremely sophisticated equipment in our hospitals and for the millions upon millions of electronic devices that connect to the Internet.

The global chip shortage has been a very painful reminder of how exceedingly dependent we have become on technology, and it has also shown us how unwise it was to outsource production of most of our chips to Asia.

Back in 1990, the United States produced 37 percent of all computer chips in the world.

Today, that number has fallen to just 12 percent.

Continue reading→

What Florida’s New Tech Law Means For Conservatives Online | PA Pundits – International

https://papundits.wordpress.com/2021/06/09/what-floridas-new-tech-law-means-for-conservatives-online/
By Douglas Blair ~ Florida Gov. Ron DeSantis recently signed a bill on targeting social media platforms, such as Facebook, YouTube, and Twitter, for their repeated and aggressive suppression of conservative speech. The legislation would fine social media companies if they deplatform candidates for state office during election season, as well as make it easier for private citizens to sue tech giants.

DeSantis has firsthand experience of tech companies censoring content for arbitrary reasons. Back in April, the governor posted a town hall meeting featuring doctors from Oxford, Stanford, and Harvard medical schools on YouTube. In response to a question from DeSantis on the need for children to wear masks, the doctors all agreed that it was unnecessary. YouTube promptly took the video down for “medical misinformation,” then issued a statement saying it wasn’t politically motivated. That convinced exactly nobody, since YouTube already had a reputation for banning conservative speech it doesn’t like for the most spurious of reasons. Conservatives have already begun hitting back against tech giants on an individual level. One example is commentator and comedian Steven Crowder, who recently announced he would be suing YouTube over its inconsistent and targeted enforcement of its rules. As Heritage Foundation research fellow Kara Frederick explained, “In March, YouTube demonetized Crowder’s channel and issued his first demerit of 2021 on grounds that one of his videos contained COVID-19 misinformation. In April, Crowder earned ‘strike two’ under the pretext of harassment and cyberbullying. One more infraction in the designated 90-day window, and he will be permanently cut off from his 5 million YouTube followers.” (The Daily Signal is the news outlet of The Heritage Foundation.) While the individual actions taken by conservatives, such as Crowder, are a start, what Florida is doing will set the tone for how conservatives fight back against Big Tech on a bigger and more organized scale. Censorship by social media platforms is an existential threat to the conservative movement, but the movement has struggled thus far to coalesce around a single solution. This difficulty of finding standardized solutions is why bills such as the one DeSantis signed May 24 are useful. The battle to preserve conservative voices online must be fought on many fronts. In addition to the individual level, free markets must also be involved. There are private businesses that exemplify this principle of free market solutions. For example, Right Forge is a data-hosting company that refuses to take down content that isn’t explicitly illegal, and has a set of core principles based on the Constitution. Likewise, content platform Locals allows brands and creators to upload and manage their own community of supporters, with minimal interference from the larger platform. As the tech giants continue to strangle dissent, disgruntled lovers of free speech will create platforms that value liberty of expression. Companies that value free and open expression should receive conservative support, as that will begin to put pressure on platforms such as Twitter or Facebook to respect those values or lose conservative support. But just as importantly as individual or free market efforts, the fight to protect conservative speech should be waged in the states. The states, unlike the overly broad and all-encompassing federal government, can be localized test sites for the most effective solutions to censorship. Conservatives can see what policies are the most effective at holding tech companies to account, keeping them transparent, and preventing social media companies from abusing their power over public discourse. The war to preserve conservative thought and speech on the internet will be long and grueling. It’s good that state governors, such as DeSantis, are leading the charge, telling YouTube and its ilk that the right will fight back. Individuals and states must keep up the pressure. If we don’t, there might soon be no safe harbors left. Douglas Blair is a contributor to the Daily Signal and a graduate of Heritage’s Young Leaders Program at The Heritage Foundation . http://www.heritage.org/ Read more informative articles at The Daily Signal http://dailysignal.com/

(CALIFORNIA) JUST IN: Major publishers want to censor research-sharing resource Sci-Hub from the internet, but archivists are quickly responding to make that impossible #AceNewsDesk report | Ace News Services

https://acenewsservices.com/2021/05/27/california-just-in-major-publishers-want-to-censor-research-sharing-resource-sci-hub-from-the-internet-but-archivists-are-quickly-responding-to-make-that-impossible-acenewsdesk-report/

#AceNewsReport – May.27: What this model is actually doing is profiting off of a restriction on article access using burdensome paywalls. One project in particular, Sci-Hub, has threatened to break down this barrier by sharing articles without restriction:

Activists Mobilize to Fight Censorship and Save Open Science: More than half of academic publishing is controlled by only five publishers. This position is built on the premise that users should pay for access to scientific research, to compensate publishers for their investment in editing, curating, and publishing it. In reality, research is typically submitted and evaluated by scholars without compensation from the publisher.

(BERLIN, Germany.) JUST IN: Antitrust watchdog launched a probe into Google over anti-competitive practices, it said Tuesday, wielding a new law that has already been used to scrutinize other United States’ tech giants #AceNewsDesk report | Ace News Services

https://acenewsservices.com/2021/05/26/berlin-germany-just-in-antitrust-watchdog-launched-a-probe-into-google-over-anti-competitive-practices-it-said-tuesday-wielding-a-new-law-that-has-already-been-used-to-scrutinize-other-united-s/

#AceNewsReport – May.26: The investigation has “outstanding cross-market significance” due to the breadth of Google’s digital products, Cartel office head Andreas Mundt said:

German antitrust watchdog launches probe into Google: ‘The Federal Cartel Office will investigate the European units of Google in Germany and Ireland and its parent company, Alphabet, in California, it said in a statement’

by French Press Agency – AFP

Keolis Downer awarded $2.14 billion contract to run Adelaide’s passenger train network – ABC News

https://www.abc.net.au/news/2020-09-18/keolis-downer-awarded-contract-to-run-adelaide-trains/12678052

…The quotes — which were fabricated and appeared to be drawn from an April Fools’ Day newspaper article — state the former Labor government was considering a partial privatisation of rail services.

…The Rail, Tram and Bus Union today said questions remained about the “integrity of the privatisation process” and criticised the Government for pushing ahead with privatisation despite its pre-election promises to the contrary….

Facebook deletes Ohio group that supports legal exemptions to COVID vaccine mandates | Aletho News

https://alethonews.com/2021/05/13/facebook-deletes-ohio-group-that-supports-legal-exemptions-to-covid-vaccine-mandates/

By Tom Parker | Reclaim the Net | May 13, 2021

The Facebook group for Ohio Advocates for Medical Freedom (OAMF), a non-profit that supports legislation that would give people exemptions to vaccine mandates, has been banned from Facebook. The group had 40,000 members and its President, Stephanie Stock said that Facebook banned the group for sharing mainstream news articles. OAMF describes itself as an advocate for “your right to choose or refuse any medical treatment or procedure.” Recently, OAMF has been supporting House Bill 248, the Vaccine Choice & Anti-Discrimination Act. The bill’s sponsor, State Rep. Jennifer Gross, describes it as “legislation that protects individuals who choose not to be vaccinated from discrimination due to vaccine status.” The removal of this group follows Facebook deleting a 120,000-member group where people shared stories of alleged adverse vaccine reactions last month. Facebook’s current rules prohibit a wide range of vaccine-related posts including posts claiming vaccines are ineffective, posts claiming vaccines cause blood clots, and posts claiming vaccines change people’s DNA (something Facebook CEO Mark Zuckerberg told his staff during an internal July 2020 meeting). Facebook also labels any posts discussing the vaccine with “credible information about the safety of COVID-19 vaccines from the World Health Organization.” The tech giant’s increased censorship and editorialization of posts about vaccines follows pressure from Democratic Party Senators and State Attorneys General who have pushed the company to “address” prominent vaccine skeptics and kill vaccine skepticism. Before this Facebook censorship, OAMF had its video of legislative testimony before the Ohio senate removed by YouTube in February. The video featured testimony in support of a bill that would allow state lawmakers to vote against the governor’s coronavirus lockdowns but was removed by YouTube for violating its “coronavirus misinformation” policies.

Legislature Passes Bill Banning Social Media Companies from ‘Deplatforming’ Political Candidates – The Mad Truther

https://themadtruther.com/2021/04/30/legislature-passes-bill-banning-social-media-companies-from-deplatforming-political-candidates/

By Erin Coates | Strategic Culture Florida’s Republican-led Legislature passed a bill on Thursday preventing Big Tech companies from kicking political candidates off their platforms. The bill, which was expected to be signed into law by GOP Gov. Ron DeSantis,… Read More ›