Fed: Housing Will Fall to Long Term Mean... 23 Percent Drop or Greater
• Market-ticker.orgFederal Reserve statement: In fact, home prices still must fall 23 percent if they are to revert to their long-term mean (Chart 1).
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Federal Reserve
Porter Stansberry: The End of America Video
• www.stansberryresearch.comIn this video presentation, Porter Stansberry methodically lays out his case for why a currency crisis is coming to the US dollar...
Congressman Paul says Fed transparency is his goal
• ReutersRepublican Congressman Ron Paul, the new head of the subcommittee that oversees the Federal Reserve, said on Sunday he will seek greater transparency but will not be sending subpoenas to the central bank chairman from Day One.
Interior Decorating and Net Design : The Feds Side jobs
• The PPJ GazetteApparently it’s a slow period in the weeks before Christmas for the Federal Reserve. Not content with shutting banks doors throughout the Country (151 so far) and discouraged that $1 Billion in “new” $100 Bills won’t be ready in time to purchase a l
The Devil's Christmas Letter
• OfTwoMinds.com/blogFirst, my minions in the Federal Reserve--such loyal servants!--and the Federal government have unleashed a veritable orgy of leverage and debt upon the land, spreading ruination under the false guise of prosperity.
Fed On Fraudulent Home Loans: You Will Pay To Be Robbed
• Market-ticker.orgRescission is powerful tool to address fraudulent lending practices; it gives the borrower the right (granted by the Truth In Lending Act of 1968) to shove a bad loan back on the lender.
Feds Secret MBS Purchase Program and TARP 2.0: Looting The Taxpayer Again
• ZeroHedge.comI have raised concerns that this program is actually a backdoor bailout and would enable sole sourcing in lieu of open market, competitive bids. Thanks to Bloomberg’s FOIL suit against the Federal Reserve, we can now see...
Zero Hedge's Tyler Durden: The U.S. Is Free Falling Into Bankruptcy
• BusinessInsider.com/The best the Fed could then hope for to counteract the deflationary outcome is to generate hyperinflation through a collapse in the reserve currency. And since this is far more palatable to the Fed, we believe that one way or another...
China Sells Long-Term US Treasury Bonds In October
• ZeroHedge.comLooking at China we observe that the country actually sold off Long Term UST (while buying Short Term Bills): this means that the Fed, with its $966 billion in US paper is now untouchable at the top of all holders of US Treasurys.
Fed policy on buying Treasury bonds stays on track
• Washington PostInterest rates are marching upward, making it more expensive to take out a mortgage or get a loan to expand a business, and diluting efforts by Congress and the Federal Reserve to strengthen the economy.
Want To Ruin Your Own Country? Assume Your Banks’ Liabilities
• gonzalolira.blogspot.com/Compare-and-contrast the fates of Ireland and Iceland
Helicopter Ben's Nightmare: 10 Signs Confidence In U.S. Treasuries Is Dying
• BusinessInsider.com/Unfortunately, things have changed. Confidence is U.S. Treasuries is dying, and if confidence in U.S. government debt completely collapses at some point we could literally be looking at financial Armageddon.
In 30 Years America Spent Enough Debt To LBO Itself, And Ended Up Bankrupt
• ZeroHedge.comThese are pure casinos, they are not capital markets, they are not adding to the productive capacity of our economy, they simply are a bunch of robots trading with each other by the millisecond as a result of the Fed giving them zero cost...
Money laundering scandal rocks Vatican Bank
• RawStory.comThis is no ordinary bank: The ATMs are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall.
Daily Show: The Big Bank Theory
• Jon Stewart - The Daily ShowAmericans outsmart themselves with fancy security measures to the point where their money is committing suicide on the press. (Ben Berneke on 60 Minutes)
Put Up or Shut Up: Ron Paul Is Now Out Of Excuses
• Market-ticker.orgThere's something particularly delicious when a politician has to start cashing the checks they've been writing with their mouth for more than a decade.
John Williams Interview on BNN: The Great Hyperinflationary Collapse
• ZeroHedge.com & Business News NetworkTo quote Williamss, who actually keeps track of the US economy as if it were a GAAP audited corporation: "The annual deficit is running $4-5 trillion a year , that includes the Y/Y change in the NPV of unfunded liabilities...
More Than Half of Americans Want Fed Reined In or Abolished
• Joshua Zumbrun, Bloomberg.comA majority of Americans are dissatisfied with the nation’s independent central bank, saying the U.S. Federal Reserve should either be brought under tighter political control or abolished outright, a poll shows. The Bloomberg National Poll underli
From Bad To Worse: The Economy Today, And Tomorrow
• ZeroHedge.comIf you thought that stimulus packages from the Fed would actually go into the U.S. economy, you were greatly mistaken. The largest recipients of bailout dollars from the Federal Reserve were foreign banks.
Jim Rogers: "Bernanke Has Been Wrong Every Time He's Opened His Mouth"
• Businessinsider.com/"Mr. Bernanke has been wrong every time he's opened his mouth," he said. "I'm terrified everytime he speaks."
30 Bernanke Quotes: So Stupid That You Will Want To Scream
• TheEconomicCollapseBlog.com/#3 (February 15, 2006) "Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise."
The Fed has 110 Bln. dollars of new notes, 10% of all US cash, sitting in a warehouse in Texas
• Yahoo NewsSupposedly, it is under quarantine because it is flawed;...the new security features are so hard to manufacture, even the mint is goofing it up. But they say it will all be ready to circulate in a year.
No, Big Banks Have Not "Paid Back" Government Bailouts and Subsidies
• ZeroHedge.comThe latest quarterly reports from the big Wall Street banks revealed a startling fact: None of the big four banks had a single day in the quarter in which they lost money trading.
(60 Minutes) Bernanke: More Fed Bond Buys "Certainly Possible"
• ReutersBen regales more lies in fifteen minutes of fawning, sycophanting and frankly humiliating "journalism" than perhaps has been done since Obama was last interviewed. http://www.cbsnews.com/video/watch/?id=7120553n
Which Banks Got Fed Loans During the Meltdown?
• Ritholtz.comThe Fed released detailed data on more than 21,000 loans worth trillions of dollars made through a dozen emergency programs created during the financial crisis.
US Money Supply Figures - We're Not In Kansas Anymore Toto
• JessesCrossRoadsCafe.blogspot.com/"For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places." Eph 6:12
Unofficial Problem Bank list increases to 920 Institutions
• CalculatedRiskBlog.comThis is an unofficial list of Problem Banks compiled only from public sources.
Nassim Taleb: Black Swan Wisdom In The Face Of CNBC Cheerleaders
• CNBC.comNassim Taleb tries to explain ethics and economics to the clueless cheerleaders on CNBC.
S&P Vs Fed Treasury Holdings: Spot The Correlation
• ZeroHedge.comSo now that two years of QE (in their 1, Lite and 2 iterations) are in the history, we finally can run some correlation analyses to see just what asset class the Fed had been targeting all along.
2008 Federal Reserve Bailout: Crisis-Hit Banks Flooded Fed with Junk
• CNBC.comMore than 36 percent of the cumulative collateral pledged to the US central bank in return for overnight funding under the Primary Dealer Credit Facility was equities or bonds ranked below investment grade. A further 17 percent was unrated credit...
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