Bill Fleckenstein: Fed is the same as Soviet Politburo picking interest rates
• CNBC.com/id/If you’d like to hear Fleckenstein’s thesis for the way our government should manage capital please watch the video.
Contents Pages by Subject
Federal Reserve
Fed Expands Swap-O-Rama to Brazil, Mexico, S. Korea, Singapore
• Michael Shedlock / MishNote 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.
U.S. Will Be Forced to Selectively Default and Devalue Its Debt in 2009
• HousingDoom.comThe 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.
Denninger: Stop Paying Your Mortgage Today
• Market-Ticker.denninger.netThe 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.
Foreclosures: Feds to the Rescue?
• businessweek.comBanks 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
Rockefeller Reveals 9/11 FRAUD to Aaron Russo
• Alex Jones YouTubeAmerica: 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.
Federal Reserve Exposed, Corrupt Banking Families
Ernest Hancock2 Part YouTube
Corrupt Federal Reserve - (VIDEO History)
Ernest HancockYouTube Videos Parts 1 thru 3
Corrupt Banking System - Cartels Robbing the Public (Animated VIDEO)
Ernest HancockOur 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.
Fed Opens $120 Billion Swaps With South Korea, Brazil, Mexico, Singapore
• Bloomberg.com"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.
U.S. Stocks Gain After Federal Reserve Cuts Rate Half Point
• Bloomberg.comGeneral 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
Most major Web stocks decline after Fed rate cut
• CNNThe 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.
Treasury Bailout Cash Going to The Stronger Banks Not The Weak
• Bloomberg.comThe 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.
WSJ: Bailout might Include Privately Held Banks
• CalculatedRisk.blogspot.comTreasury 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.
New Freedom's Phoenix Product Available
Powell GammillAs seen on the Internet. Freedom's Phoenix would like to announce its first hardware product: Introducing the Freedom's Phoenix printer.
Ben Bernanke: Federal Reserve is now buying foreign debt
• Market-Ticker.denninger.netRick 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.
Alan Greenspan: A Minority Report
• Murray N. Rothbard via LewRockwell.comMurray Rothbard on the man Ayn Rand dubbed the "Undertaker."
Bailout Update: Paulson hands out $31 billion to 14 more banks
• Bloomberg.com``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.''
Treasury buys $7 billion stake in Capital One and Sun Trust
• CalculatedRisk.blogspot.comThe 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. ...
Bank Bailout Cash: Banks to use Paulson's gift to buy weaker banks
• MortgageImplode.com & NYtimesIn 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
The Federal Reserve is inflating at 341 percent per annum
• GaryNorth.com/publicI 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
U.S. has plundered world wealth with dollar: China paper
• Reuters.comThe 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.
Paulson: U.S. to announce stake in about 20 banks
• Reuters.comNeel 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
Making Money
US Bureau of Engraving & PrintingWelcome 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
Paulson Weighs Buying Stake in Insurers
• Michael Shedlock / MishSo 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.
Federal Reserve: New rate cut likely, with record low within sight
• news.Yahoo.comThe 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%?
U.S. Dollar Death Dance
• GoldSeek.comWhat 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
Treasury Starts Buying Stakes in Regional U.S. Banks
• Bloomberg.comThe decision to buy stakes in more lenders comes after some mid- sized American financial institutions reported mounting losses.
Greenspan Was `Cheerleader for Imprudence,' James Grant Says
• Bloomberg.comGreenspan said today at a Capitol Hill hearing that he was ``partially'' wrong for opposing the regulation of derivatives over the years.
Bank Bailout Update: Banks Hoard Money Meant to Boost Economy
• Bloomberg.comBanks 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.
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