If you’d like to hear Fleckenstein’s thesis for the way our government should manage capital please watch the video.
Note the similarity between the Fed's actions and a drug dealer and his client. A shot of heroin will relieve the withdrawal symptoms, but only if the next dose is stronger.
The problem now is that the US has breached the point where it can service its debt out of real cash flows, and turning this around will require a severe devaluation of the US dollar.
The cost of insuring Treasury Debt - that's right, United States Treasuries - is forty times as expensive as it was in early 2007. Of course if that risk of default is ever realized, our way of life in America ends.
Banks may be required to offer interest rate relief for strapped homeowners. But it's unclear who will qualify and if the plan would put a dent in foreclosures
America: Freedom to Fascism Filmmaker Aaron Russo has exposed first-hand knowledge of the elite global agenda during a video interview and live on Alex Jones' nationally-syndicated radio show.
2 Part YouTube
YouTube Videos Parts 1 thru 3
Our monetary system explained: Part 1 - Cartels Robbing the Public. Part 2 - How "Money" is Created. Part 3 - Money is Debt. Part 4 - Monetary Reform. Part 5 - Warning About the NWO.
"The Federal Reserve has authorized the establishment of temporary liquidity swap facilities with the central banks of these four large systemically important economies,'' the U.S. central bank said in a statement.
General Motors Corp., Alcoa Inc. and Caterpillar Inc. led gains in the Dow Jones Industrial Average after the Fed lowered the benchmark rate to 1 percent from 1.5 percent, matching a half-century low and in-line with the median forecast of economists
The central bank lowered its target for the federal funds rate _ which is the interest that banks charge on overnight loans _ to 1 percent. This is the second half-point reduction the federal funds rate this month.
The U.S. government's $160 billion handout to banks from Niagara Falls to Beverly Hills is going mostly to lenders that need it least, putting weaker rivals at risk of being shut down or taken over, analysts say.
Treasury Department officials ... met with representatives from the banking industry Tuesday to discuss expanding the Troubled Asset Relief Program to make mutually held, family-owned and other private banks eligible for federal funds.
As seen on the Internet. Freedom's Phoenix would like to announce its first hardware product: Introducing the Freedom's Phoenix printer.
Rick Santelli this morning on CNBC laid it out in nice, clear succinct language - all we have been doing is for one purpose - to protect insolvent, that is bankrupt companies from having to come clean and face the music of the market.
Murray Rothbard on the man Ayn Rand dubbed the "Undertaker."
``This is just unprecedented,'' said BMO Capital Markets analyst Peter Winter. ``What the government has said is that you can't let the financial system fail, and if this doesn't work they'll come up with another plan.''
The biggest morning disclosure was Capital One Financial Corp.'s $3.55 billion sale of preferred stock and warrants to the Treasury Department, followed by SunTrust Banks Inc. at $3.5 billion. ...
In fact, Treasury wants banks to acquire each other and is using its power to inject capital to force a new and wrenching round of bank consolidation
I have never seen anything like this. The adjusted monetary base over the last eight weeks has risen at 341% per annum. The increase in the monetary base is $300 billion
The front-page commentary in the overseas edition of the People's Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
Neel Kashkari, Treasury's interim manager for the rescue program, told lawmakers on Thursday that more banks are expected to receive capital infusions within a few weeks, meaning that Treasury is expected to announce those banks in the coming day
Welcome to the Bureau of Engraving and Printing’s (BEP) website. We are the largest producer of security documents in the United States. The BEP prints billions of Federal Reserve Notes for delivery to the Federal Reserve System each year.Entered By: Powell Gammill
So what's next? Homebuilders? Hedge Funds? Pension Plans? The stock market itself? After all, we all know the stock market only goes up, let's print $10 trillion and buy stocks.
The Federal Reserve is widely expected to cut interest rates again next week. But could the Fed soon go where it has never gone before and bring them below 1%?
What is pushing the USDollar up cannot be construed as anything remotely resembling healthy factors. In no way whatsoever does it resemble investment. It is more like paid off death contracts, paid off death investments, paid off transfers from toxic
The decision to buy stakes in more lenders comes after some mid- sized American financial institutions reported mounting losses.
Greenspan said today at a Capitol Hill hearing that he was ``partially'' wrong for opposing the regulation of derivatives over the years.
Banks getting $125 billion from U.S. taxpayers to unlock the credit crunch are saying they'd rather hoard the money than use it for loans, the head of the largest independent mortgage company said.