Are the World’s Largest Central Banks Independent?

Video on YouTube, 2.36 min, uploaded by csFinancialist, April 5, 2013 … the world’s largest central banks, including the U.S. Federal Reserve, the Bank of England and the Bank of Japan, are overseeing unprecedented easing programs *. While the European Central Bank, unlike the BoJ or the Fed, has not purchased large amounts of sovereign debt, it could do so in the future by ramping up its Outright Monetary Transactions (OMT) program. That program allows the ECB to purchase sovereign government bonds on the secondary market, which would be expected to lower interest rates in the event of renewed turbulence in the euro zone.
As part of its third quantitative easing program (QE3) **, the U.S. central bank has committed to maintain about $85 billion in monthly asset purchases. In Japan … (full text down under the YouTube-Video).

* easing programs: see Quantitative easing (QE) is a type of monetary policy used by central banks to stimulate the economy when standard monetary policy has become ineffective …;

** /US QE1, QE2, and QE3;
/See also;
/External Links;

Related Links:

Central Banks’ Independence:

Other Links:

Spain: New National Security Law to come into force before Catalan elections, on WSWS, by Carlos Hernández and Alejandro López, Aug 11, 2015;

US ex-intelligence chief on ISIS rise – it was a willful Washington decision (VIDEO), on Russia Today RT, Aug 10, 2015;

Berlin’s NSA Fears – Treason Investigation Reveals Anxiety at the Top, on Spiegel Online International, by Klaus Brinkbäumer, Aug 10, 2015: Germany’s federal prosecutor was just forced out of office after launching a treason investigation against journalists. The scandal, just like the “SPIEGEL Affair” 50 years ago, reveals a growing state of anxiety among the country’s political elite;
Special Spiegel-Page: German Politics, related articles, background features and opinions about this topic;

Western Imperialism and the ISIS Alibi, on Dissident Voice, by Jason Hirthler, Aug 10, 2015;

US-NATO Military Deployments, Economic Warfare, Goldman Sachs and the Next Financial Meltdown – Is There a Relationship? on Global, by Prof Michel Chossudovsky, Aug 8, 2015;

Investing – Features: US Tech, the Thrill isn’t gone, on The Financialist, by Ashley Kindergan, Aug 5, 2015;

I have to work a lot harder in Russia than at NSA – Edward Snowden, on Russia Today RT, May 16, 2015.

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