M3 Money Supply Data Reveals “New Major Dip” Ahead
• DailyReckoning.comJohn Williams of Shadow Stats predicts a “hyperinflationary great depression,” within the coming year. He also fingers the Fed for “debasing the U.S. dollar.”
Contents Pages by Subject
Federal Reserve
Foreign Central Banks Slowed Purchases of Treasuries 7 Weeks Ago
• HousingDoom.comForeign central banks simply haven't been adding to their holdings of treasuries for the last 7 weeks. I will hazard a guess that this line was much on the minds of the central banks who were huddling in a secret location near Sydney Australia last
Monopoly "Money " - by Will Grigg
• Pro Liberate"Government is the only institution that can take a valuable commodity like paper and make it worthless by applying ink." The same principle holds true with respect to the debasement of the official coinage.
Behind Door Number Two: Why Ben Bernanke is Collapsing M3
• EconomicPolicyJournal.com2. He doesn't really believe such when he states it and knows he is about to crash the economy again as part of some secret agenda of the elite.
Senior Chinese Military Officers Join Iran - "Punch" US: Sell Treasuries as Punishment
• ZeroHedge.comAnd you were worried about Iran. China's People Liberation Army has come out and openly said that the nuclear option, i.e., selling US Treasuries, is now on the table and should be exercised as "punishment" for U.S.' arms sales to Taiwan.
Famous Last Words: U.S. Will ‘Never’ Lose Aaa Debt Rating
• GlobalEconomicAnalysis.blogspot.comThe key for those of us not secure within the rentier Power Elite caste is to continue to make escape plans to try to mitigate the worse effects of sovereign defaults, currency devaluations, capital controls, confiscation, etc."
Federal Reserve hopes clear exit strategy will boost market confidence
• Washington PostWhen you've flooded the economy with trillions of dollars, mopping up is no easy task. That's the reality the Federal Reserve is confronting as it starts to explain how it will undo the aggressive growth-supporting steps that were put in place whe
Marc Faber: US at Zero Hour - Sovereign Default or Monetization!
• ZeroHedge.comMarc Faber discusses America's unsustainable debt load in this interview with Margaret Brennan on Bloomberg TV. An amusing observation: the GDP growth from each $1 of new total debt has dropped from $0.25 to -$0.60.
Jim Rogers: Federal Reserve is Making the Depression Worse
• Blacklistednews.com/“What would be the first two things you would do if you were in Mr Ben Bernanke’s seat?” Jim Rogers: “I would Abolish the Federal Reserve and Resign.”
June: Warren Buffet and Wells Fargo Expecting Much Higher Interest Rates
• EconomicPolicyJournal.comWells Fargo isn't giving up a billion dollars worth of interest income unless it is expecting a major spike in interest rates.
Bernanke wins overwhelming approval for a second term as Fed chair
• APThe Senate confirmed Ben Bernanke for a second term as chairman of the Federal Reserve voting 70-30 to reappoint Bernanke amid criticism of his judgment ahead of the financial crisis and his support for massive Wall Street bailouts.
77 traitors voted to assist Bernanke get reappointed Fed Chair
• Reuters77 Senators voted to close any filibuster, allowing a simple, easily obtained 51 vote majority to approve Ben Bernanke to continue to be in charge of your money's value.
Fed Worked to Keep AIG Deal Details Quiet
• ForbesFederal Reserve Bank of New York officials scrambled to do damage control in the days after their $180 billion rescue of American International Group in September 2008, including an effort to control information by asking AIG to run significant outsi
Refuse To Bow To The Illegitimate Power Of The State
Inflation – How The Fed Picks Your Pocket and Raids Your Bank Account
Sharon SecorThe Federal Reserve is the central bank of the United States and controls national monetary policy. The Fed, not to be confused with the federal government of which it is not a part, also picks your pockets and raids your bank accounts.
The Fed is a Ponzi Scheme by Alan Adaschik
• ConstitutionForum.us via e-mailThe Federal Reserve Bank truly is a den of thieves and con artists who have stolen the wealth and prosperity of an entire nation.
Refuse To Bow To The Illegitimate Power Of The State
Fed “Earns” Record Profits While Taxpayers Suffer Record Financial Woes
Sharon SecorThe Federal Reserve garnered “record profits” during 2009, the largest amount it has ever made in a single year in its entire history. Fascinating, when considered against the backdrop of what the American taxpayer is facing – record levels of unempl
GATA sues Federal Reserve to Disclose Gold Market Intervention Records
• Business WireThe Gold Anti-Trust Action Committee Inc. today brought suit against the US Federal Reserve Board, seeking a court order for disclosure of the central bank's records of its surreptitious market intervention to suppress the monetary metal's price.
Excuses, excuses: Fed's approach to regulation left banks exposed to crisis
• Washington PostEven as Bernanke spoke, the spillover from subprime lending was driving the banking industry into a historic crisis that some firms would not survive. And the upheaval would shove the economy into recession. Just as the Fed had failed to protect borr
Senate Banking Gives Bernanke The Nod, Full Vote Will Too
• http://business.theatlantic.comThis morning, the Senate banking committee voted 16 to 7 to reconfirm Ben Bernanke as the Chairman of the Federal Reserve. Now the full Senate must also agree that Bernanke should keep his job.
Time Magazine's Person of the Year Historically a Kiss of Death
• Mike ShedlockMany past Time Magazine men/people of the year have met with grave misfortune after their recognition. Take a look at this history, and wonder if this is a signal that Ben Bernanke and/or central banking in general are really on their way out.
The Fed's Money Monopoly - by Ron Paul
Powell GammillLast week, in the name of protecting the little guy from Wall Street, the House passed HR 4173 to increase the little guy’s false sense of security in the financial system. This bill will greatly increase the powers of the Federal Reserve, which too
Ron Paul's Hour of Power - by Patrick J. Buchanan
• Human EventsThe decades-long campaign of Ron Paul to have the Government Accountability Office do a full audit of the Federal Reserve now may happen. Yet, many columnists and commentators are aghast.
Ron Paul’s Fed-Bashing Wins Over Lawmakers Wary of Bank’s Power
• BloombergThe long-shot 2008 presidential candidate whose anti-tax, anti-government politics struck a chord with a swath of voters is again channeling public frustration with big government, bailouts and rising federal debt. As Paul trains his sights on his fa
Ron Paul with Judge Napolitano on Glenn Beck 12/3/09: Bernanke to be Renominated?
• youtubeThe judge asks Ron Paul on Bernanke's renomination to head the Federal Reserve. 9 min. video
Early fireworks in Bernanke confirmation drama
• CNNOn the eve of what's expected to be a tough confirmation hearing Thursday, one senator has thrown up a political roadblock intended to stymie Federal Reserve Chairman Ben Bernanke's second term. Sen. Bernie Sanders, I-Vt., said late Wednesday that
Abolish the Fed and Return Money Creation Power to Congress
Stephen LendmanThe way to end the economic crisis and return the nation to prosperity
Ron Paul gains mainstream steam
• PoliticoIs libertarian rock star and Texas Republican Ron Paul going mainstream? He’s got everyone from South Carolina Republican Sen. Jim DeMint to Minnesota moderate Democrat Collin Peterson to California liberal Barbara Boxer on his side in his audit-t
Audit the Fed: Bernanke and the Bankers Are Running Scared
• PrisonPlanet.comIn his Mockingbird media editorial, Bernanke “conceded the Fed had missed some of the riskiest behavior in the lead up to the crisis. But he said the Fed had helped avoid an even more damaging economic meltdown and has stepped up its policing of the
The right reform for the Fed
• Ben Bernanke"I am concerned that a number of the legislative proposals being circulated would significantly reduce the capacity of the Federal Reserve to perform its core functions."
Audit the Fed Attached as an Amendment - by Ron Paul
Powell GammillAs it stands now, if HR 3996 passes the Federal Reserve’s entire balance sheet will be opened up to a GAO audit. We will at last have a chance to find out what happened to the trillions of dollars the Fed has been giving out.
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