No Tapering! — Spending Addiction Disorder (SAD) — Fed Must Continue Massive Financing of Deficits and Debt of Federal Government — Digital Electronic Money (DEM) Creation Continues At $85 Billion Per Month or $1,020 Billion Per Year Pace — U.S. Economy Stagnating Below 3 Percent GDP Growth Trend Line — U.S. Dollar Devalued — Currency War Continues — Abolish The Fed Videos
BUREAU OF THE FISCAL SERVICE STAR - TREASURY FINANCIAL DATABASE TABLE 1. SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS) ACCOUNTING DATE: 08/13 PERIOD RECEIPTS OUTLAYS DEFICIT/SURPLUS (-) + ____________________________________________________________ _____________________ _____________________ _____________________ PRIOR YEAR OCTOBER 163,072 261,539 98,466 NOVEMBER 152,402 289,704 137,302 DECEMBER 239,963 325,930 85,967 JANUARY 234,319 261,726 27,407 FEBRUARY 103,413 335,090 231,677 MARCH 171,215 369,372 198,157 APRIL 318,807 259,690 -59,117 MAY 180,713 305,348 124,636 JUNE 260,177 319,919 59,741 JULY 184,585 254,190 69,604 AUGUST 178,860 369,393 190,533 SEPTEMBER 261,566 186,386 -75,180 YEAR-TO-DATE 2,449,093 3,538,286 1,089,193 CURRENT YEAR OCTOBER 184,316 304,311 119,995 NOVEMBER 161,730 333,841 172,112 DECEMBER 269,508 270,699 1,191 JANUARY 272,225 269,342 -2,883 FEBRUARY 122,815 326,354 203,539 MARCH 186,018 292,548 106,530 APRIL 406,723 293,834 -112,889 MAY 197,182 335,914 138,732 JUNE 286,627 170,126 -116,501 JULY 200,030 297,627 97,597 AUGUST 185,370 333,293 147,923 YEAR-TO-DATE 2,472,542 3,227,888 755,345 http://www.fms.treas.gov/mts/mts0813.txt
No Fed Taper: What Does It Mean for Your Money? (9/18/13)
Federal Reserve: No Taper (9/18/13)
Ron Paul: Fed Decision To Not Taper Is A Really Bad Sign
Ron Paul: Taper Fakeout Means Fed Is Worried
Breaking News: Federal Reserve Will Not Taper
Rick Santelli Reacts to Federal Reserve No Taper
Why The Fed. Will INCREASE, NOT DECREASE, It’s QE/Money Printing. By Gregory Mannarino
In Business – Fed Taper Pause Fuels Commodities Rally
To Taper, or Not to Taper
FED Says No Taper — We Need A War, Gun Confiscation And Control Of Internet First — Episode 166
JIM RICKARDS: Fed Will TAPER in September or Never, and the Looming MONETARY System COLLAPSE 
James Rickards on “Why The Fed Will NOT Taper Quantitative Easing”
Peter Schiff: “The party is coming to an end”.
JIM ROGERS – When the FED stops PRINTING FIAT CURRENCY the COLLAPSE will be here. PREPARE NOW
Fed decision Just idea of tapering caused huge ruckus
Background Articles and Videos
Milton Friedman – Abolish The Fed
Milton Friedman On John Maynard Keynes
Free to Choose Part 3: Anatomy of a Crisis (Featuring Milton Friedman)
Murray Rothbard – To Expand And Inflate
The Founding of the Federal Reserve | Murray N. Rothbard
The Origin of the Fed – Murray N. Rothbard
Murray Rothbard on Hyperinflation and Ending the Fed
Murray N. Rothbard on Milton Friedman (audio – removed noise) part 1/5
Keynes the Man: Hero or Villain? | Murray N. Rothbard
WASHINGTON (AP) — The Federal Reserve has decided against reducing its stimulus for the U.S. economy, saying it will continue to buy $85 billion a month in bonds because it thinks the economy still needs the support.
The Fed said in a statement Wednesday that it held off on tapering because it wants to see more conclusive evidence that the recovery will be sustained.
Stocks spiked after the Fed released the statement at the end of its two-day policy meeting.
In the statement, the Fed says that the economy is growing moderately and that some indicators of labor market conditions have shown improvement. But it noted that rising mortgage rates and government spending cuts are restraining growth.
The bond purchases are intended to keep long-term loan rates low to spur borrowing and spending.
The Fed also repeated that it plans to keep its key short-term interest rate near zero at least until unemployment falls to 6.5 percent, down from 7.3 percent last month. In the Fed’s most recent forecast, unemployment could reach that level as soon as late 2014.
Many thought the Fed would scale back its purchases. But interest rates have jumped since May, when Fed Chairman Ben Bernanke first said the Fed might slow its bond buys later this year. But Bernanke cautioned that the reduction would hinge on the economy showing continued improvement.
In its statement, the Fed says that the rise in interest rates “could slow the pace of improvement in the economy and labor market” if they are sustained.
The Fed also lowered its economic growth forecasts for this year and next year slightly, likely reflecting its concerns about interest rates.
The statement was approved on a 9-1 vote. Esther George, president of the Federal Reserve Bank of Kansas City, dissented for the sixth time this year. She repeated her concerns that the bond purchases could fuel the risk of inflation and financial instability.
The decision to maintain its stimulus follows reports of sluggish economic growth. Employers slowed hiring this summer, and consumers spent more cautiously.
Super-low rates are credited with helping fuel a housing comeback, support economic growth, drive stocks to record highs and restore the wealth of many Americans. But the average rate on the 30-year mortgage has jumped more than a full percentage point since May and was 4.57 percent last week — just below the two-year high.
The unemployment rate is now 7.3 percent, the lowest since 2008. Yet the rate has dropped in large part because many people have stopped looking for work and are no longer counted as unemployed — not because hiring has accelerated. Inflation is running below the Fed’s 2 percent target.
The Fed meeting took place at a time of uncertainty about who will succeed Bernanke when his term ends in January. On Sunday, Lawrence Summers, who was considered the leading candidate, withdrew from consideration.
Summers’ withdrawal followed growing resistance from critics. His exit has opened the door for his chief rival, Janet Yellen, the Fed’s vice chair. If chosen by President Barack Obama and confirmed by the Senate, Yellen would become the first woman to lead the Fed.