Sorry did not find another Way to present my Live Focus matters for the next few days.
First, as you have probably already notice, English is not my first Languages, I thank you for Your Indulgence.
I read and write without ''Correctors''
I listen, read and write in the languages that have their roots in Latin, German, Greek, Hebrew and Sanskrit. So, when I comment it is a personnal perception, when I quote or refer to something I is authentic.
I am a volunteer on the International level and my ''Drive'' is to reduce morbidity and mortality and it is so for years.
I choose to entitled this diary; (The Sun, Volcanoes, Earthquakes, Snowstorms, Bernanke Adress, Persian Gulf, Iran, Russia, China) because the Convergences of ''Events'' is surprising to say the least.
SO here is my instinctive reaching out for informations.
Because of the Snowstorms, M. Bernanke adress in front of the Financial Service of the House of Representatives, here is M.Bernanke adress Strategy of the Federal Reserve Bank to get out of the Hesitations of the Economy. I will relay International Reactions to this Strategy of M. Bernanke.
For Tectonic Plates, Earthquakes and Volcanic activities I invite you at
Understanding Tectonic Plates Movements, Earthquakes and Volcanoes
In a Nut Shell, tectonic plates are longing for rest, after the Carrabean Plates bump, Haiti happenned, then we notice a rise of the intensity of Earthquakes all over the plates meeting Places. The Intensity is going down, wich is a Good News. There is one surprise tough, it is the Illinoix Earthquake of this morning. So I still Vigil on it.
M. Bernanke could not make his adress because of the Snowstorms so here is His Adress beginning at BusinessInsiders.
Okay, Here Is Our Exit Strategy
Ben Bernanke
Chairmen Frank and Watt, Ranking Members Bachus and Paul, and other members of the Committee and Subcommittee, I appreciate the opportunity to discuss the Federal Reserve's strategy for exiting from the extraordinary lending and monetary policies that it implemented to combat the financial crisis and support economic activity.
Broadly speaking, the Federal Reserve's response to the crisis and the recession can be divided into two parts. First, our financial system during the past 2-1/2 years has experienced periods of intense panic and dysfunction, during which private short-term funding became difficult or impossible to obtain for many borrowers. The pulling back of private liquidity at times threatened the stability of major financial institutions and markets and severely disrupted normal channels of credit. In its role as liquidity provider of last resort, the Federal Reserve developed a number of programs to provide well-secured, mostly short-term credit to the financial system. These programs, which imposed no cost on the taxpayer, were a critical part of the government's efforts to stabilize the financial system and restart the flow of credit.1 As financial conditions have improved, the Federal Reserve has substantially phased out these lending programs.
Second, after reducing short-term interest rates nearly to zero, the Federal Open Market Committee (FOMC) provided additional monetary policy stimulus through large-scale purchases of Treasury and agency securities. These asset purchases, which had the additional effect of substantially increasing the reserves that depository institutions hold with the Federal Reserve Banks, have helped lower interest rates and spreads in the mortgage market and other key credit markets, thereby promoting economic growth. Although at present the U.S. economy continues to require the support of highly accommodative monetary policies, at some point the Federal Reserve will need to tighten financial conditions by raising short-term interest rates and reducing the quantity of bank reserves outstanding. We have spent considerable effort in developing the tools we will need to remove policy accommodation, and we are fully confident that at the appropriate time we will be able to do so effectively.
