Friends of the African Union (FAU) is an economic, social, humanitarian, charitable, educational and new media civil-society ruling body founded to work for the benefit of the African Union and the African diaspora in their host countries and allies.
FAU has developed programs with allied companies to supply metropolitan, regional and site-specific sewers, water systems, power, communications, computing, gas, and trash solutions along with urban planning services, architectural design, and mufti-disciplinary engineering services for members of the African Union, the African diaspora and its allies. FAU will work with the allied peoples of the African American diaspora, non-governmental organizations and governments of the world who support the African Union and the people of the African diaspora.
This is the framework for our request of the United States Government and the African Union for a $1.25 Trillion Dollar program from 2013-2020 using a modification of the federal reserves Quantitative Easing.
Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the economy when standard monetary policy has become ineffective. A central bank implements quantitative easing by buying specified amounts of financial assets from commercial banks and other private institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the monetary base. This is distinguished from the more usual policy of buying or selling short term government bonds in order to keep interbank interest rates at a specified target value.
During the peak of the financial crisis in 2008, the US Federal Reserve expanded its balance sheet dramatically by adding new assets and new liabilities without "sterilizing" these by corresponding subtractions.
In November 2010, the Fed announced a second round of quantitative easing, buying $600 billion of Treasury securities by the end of the second quarter of 2011.The expression "QE2" became a ubiquitous nickname in 2010, used to refer to this second round of quantitative easing by US central banks.
A third round of quantitative easing, "QE3", was announced on 13 September 2012. In an 11–1 vote, the Federal Reserve decided to launch a new $40 billion per month, open-ended bond purchasing program of agency mortgage-backed securities. Additionally, the FOMC announced that it would likely maintain the federal funds rate near zero "at least through 2015." According to NASDAQ.com, this is effectively a stimulus program that allows the Federal Reserve to relieve $40 billion per month of commercial housing market debt risk. On 12 December 2012, the FOMC announced an increase in the amount of open-ended purchases from $40 billion to $85 billion per month.
Our FAU QE 5.X program request is for $1.25 Trillion US Dollars - $250B for minority certified businesses; $700B as a promise to 7M of Americas poorest households