QE 2.0 May Induce ECB Surrender!

• The real intent of QE 2.0 isn’t to boost the economy. It is financial world war. The planned for result is a global currency crisis and the destruction of all major fiat currencies. Once all the major fiat currencies are destroyed, the other lesser fiat currencies will be nullified too. It is obvious that the ECB will follow the QE route like America, UK and Japan. The Illuminati is engineering this crisis to bring out their One World Currency, Global Central Bank and World Government. ’666′ is not far behind. This is the Hegelian dialectic: Problem, Reaction and Pre-planned Solution in action.
    
• QE does not work. It is simply used as an excuse to bailout the Illuminist banksters ie grand larceny against the sheeple! If QE works, they should go the whole hog and print millions of dollars for each American. You cannot generate true wealth by creating money out of thin air!
   
  Thirty-Three Hour Race May Induce ECB Surrender
  Federal Reserve Chairman Ben S. Bernanke’s push to jump-start the U.S. economy this week may weaken the dollar, forcing at least one other central bank to add its own stimulus to offset a rising exchange rate.
   
  Bernanke is set to embark on an unprecedented second round of unconventional monetary easing, one result of which may be a cheaper dollar that boosts U.S. growth by helping American exports. A related consequence: stronger currencies abroad, threatening European and Japanese expansion.
   
  With the major central banks all announcing decisions within 33 hours this week, fallout from the Fed could cause Bank of Japan Governor Masaaki Shirakawa to do more for his economy and Bank of England Governor Mervyn King to leave the door open to more aid. Even as European Central Bank President Jean-Claude Trichet holds the line against inflation, he may eventually change course if the euro surges, while emerging markets are already acting to restrain currencies.
   
  “An easing in U.S. monetary policy creates pressure on the rest of the world to respond,” said Dominic Wilson, New York- based senior global economist at Goldman Sachs Group Inc. in New York. “The subsequent weakening in the dollar tends to tighten financial conditions outside the U.S.”
   
  This week’s meetings are the greatest concentration of monetary-policy action by leading central banks since the first week of October 2008, when they met in emergency sessions to fight the global financial crisis. On that occasion, all except Japan joined an unprecedented coordinated interest-rate cut.
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  Policy Decisions
  On Nov. 3 at about 2:15 p.m. in Washington, the Fed will release its policy decision. About 18 hours later, at noon in London (8 a.m. in New York and Washington), the U.K. central bank will announce its move. The ECB will go public with its decision 45 minutes later, at 1:45 p.m. in Frankfurt (8:45 a.m. in New York). The Bank of Japan concludes its talks on Nov. 5 at about noon local time (11 p.m. in New York).
   
  Since Bernanke said Aug. 27 that his central bank was prepared to add stimulus if necessary, the Standard & Poor’s 500 Index has gained 14 percent, while the dollar has declined about 7 percent against a basket of six currencies. This may constrain initial market reaction to a Fed announcement of so-called quantitative easing, said Keith Hembre, Minneapolis-based chief economist at U.S. Bancorp’s FAF Advisors Inc., which oversees $86 billion.

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