Freedomsphoenix.com is one of Internet’s lamplighters through which the light of knowledge could be shared with those in the dark who longed to see the light – my way of knowledge-sharing while greeting everyone A HAPPY NEW YEAR for the Year 2009.
Loaning money out at a lower rate of return than it costs you to acquire - isn't that kind of like "we'll lose something on each sale, but make it up on volume?"
BTW, evidence that Bernanke's Monetary Flat Spin is already impacting the economy in ways that may do critical (if not fatal) damage was found this morning in the Case-Schiller numbers. Everyone, including Bernanke, was expecting the rate of hom
The much touted notion that the US is the preferred destination for private wealth, thus sustaining an out of balance trade deficit through a financial services economy, is rubbish at best, and propaganda at worst. It is rooted in the Dick Cheney nos
Global Central Banks Acting In Concert - Disinformation In Financial Dailies To Confuse The People When The Truth Dawns On Hapless People, There Will Be Blood On The Streets. This Is The Warning By IMF!
Is the Federal Reserve the cause of our troubles yesterday, today and tomorrow? Let’s find out. The time for a year-end accounting has come. We either do it with grace or disgrace.
Nine out of ten Americans might understand that when the growth of your debt outrageously outstrips your income for so long, that something has got to give. The givers will most likely be all holders of US financial assets, responsible middle class..
General Motors Corp., days from receiving its first installment of at least $9.4 billion in U.S. aid, won another victory with the Federal Reserve’s approval of lender GMAC LLC’s bid to become a bank holding company.
The dollar may lose as much as 40 percent of its value to 50 yen or 60 yen from the current spot rate of 90.40 today in Tokyo unless Japan takes “drastic measures” to help bail out the U.S. economy, said Akio Mikuni, president of credit ratings agenc
He can't force people to keep their money in an "investment" that has a negative return! And yet that is precisely what Bernanke did today - he guaranteed that virtually every single money market account across America will be decimate
Rumor has it that the Federal Reserve is considering selling bonds. The legality is in question. Leaving that aside, why would the Fed do such a thing? If it did, how would such a thing work? What would be its effects?
The Federal Reserve cut the main U.S. interest rate to “a target range” of between zero and 0.25 percent and said it will do whatever is needed to end the longest recession in a quarter-century and revive credit.
The Federal Reserve is tonight expected to step up its battle to revive the recession-hit US economy when it cuts interest rates to a record low of 0.5% and announces measures first tried in the Great Depression
“Rates will fall close to zero. Everywhere,” Hugh Hendry, chief investment officer and partner, Eclectica, told CNBC.com. “The central banks will be forced to take them to zero because of the widespread disruption in society, for job losses.”
What exactly is "quantitative easing"? Simply put, it's an attempt by the Fed to flood the financial system with so much cash that some of it will have to be lent out. The Fed would do that by "purchasing long-term Treasuries and a
It is now clear to me that policy makers in the West are determined to apply every available resource to underpinning failure, misallocation and executive excess. As this discourages the honest saver from parting with cash, policy makers are ensuring
Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt," said Rogers, who is now a private investor.
Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression. The Fed responded Dec. 8, saying it’s al
"Instead we just carry on doing the same old thing....we spend more money, we run up more debt, we print more money, and we think that's gonna solve the problem that was created by spending too much money, running up debt" stated the Co
We haven't had an expansion in GDP over the last eight years. Congress and its organs of reporting economic "facts" have lied. We have in fact actually seen about a 10% contraction in real GDP from 2000 levels; the "expansion
This is a blatant attempt to overthrow by chicanery The Government of The United States and must be treated as such by The FBI, The Department of Homeland Security and the citizens of this nation.
What an image. The NY Fed as a GSE, the new and improved Fannie and Freddie. Zimbabwe Ben can simply print a new class of Federal Reserve Notes with no backing from Treasuries. BenBucks. Federal Reserve Thingies.
American International Group Inc. owes Wall Street's biggest firms about $10 billion for speculative trades that have soured ... Meanwhile, from Bloomberg: AIG Says More Managers Get Retention Payouts Topping $4 Million
"The big banks are going to be on life support for at least 18 months, if not 36 months,"
Oppenheimer's executive director of equity research told CNBC Wednesday morning. "The big banks will not fail, but the big banks will not g
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