Federal Reserve plunder 101
The banks were insolvent and many still are. The Fed has thrown $trillions at this mess and the banks remain short of capital.
"The auction is big news because now it's showing that maybe the Chinese don't want our bonds. If the cost of capital for the United States becomes more expensive, then the recession is going to take that much longer to get out of,"
"A policy mistake made by some major central bank may bring inflation risks to the whole world," said the People's Central Bank in its quarterly report. "As more and more economies are adopting unconventional monetary policies, su
The $64,000 question now becomes whether Bernanke walks away from his announced "QE" program (instantly trashing the equity markets and sending the TNX up north of 5%), pretends that the market isn't giving him the finger...
Fed debt entrapment 101
(VIDEO) Event: Congress’ Joint Economic Committee - Date: 5/5/2009 TRANSCRIPT: -- Ron Paul: Welcome, Chairman Bernanke.
But Mr. Flowers, whose investments in banks overseas have made him one of the richest men in America, has run into a major obstacle in the United States: the Federal Reserve, and its very notion of what a bank should be.
Gulf countries moved a step closer to monetary union on Tuesday with a decision to base a planned future central bank in the Saudi capital Riyadh.
And that logic, if it starts to take hold, in classic run on the bank fashion, could lead to a disorderly fall in the dollar. It isn't clear what the trigger might be, but Bob Shiller contends that sudden flights from markets don't necessaril
By requiring all banks, large and small, to pay a one time charge of 20 cents per $100 of deposits; this unbudgeted expense will cause some smaller banks to fail while larger banks, with the assistance of federal TARP funds, will survive.
The Fed and the Obama administration are playing a dangerous game. The Fed is going to print trillions of dollars to forestall deflation and try to re-ignite the economy. But for a variety of reasons, a real sustainable recovery may be a few years aw
Earth to Ben Bernanke. Earth to Ben.
At least six of the 19 largest U.S. banks require additional capital, according to preliminary results of government stress tests, people briefed on the matter said.
Major thanks to Member Larry Wright for posting these!
Reserves have plunged, no doubt on their way to negative territory as the number of problem institutions soars. Expect to see requests for more taxpayer bailouts as the FDIC well runs dry.
Pay close attention to what Jim Rogers has to say from the 8 1/2 minute mark...
Please thank Trent Franks if you get the chance - he was the only Arizona Representative to co-sponsor this CRITICAL bill...
(just one more list to make sure that you are on)
Demand for bills is rising [to zero] again because investors including foreign central banks are snapping up the shortest- term US securities as the Federal Reserve buys Treasuries to drive down borrowing costs in a policy of so-called quantitative e
Wen did not specify the United States in his remarks at the Boao Forum for Asia in China's Hainan Province. But Chinese officials have recently expressed their concern about their country's investments in dollar-denominated assets.
You and your predecessor blew a huge credit bubble. You either knew or should have known that this was a generational event. The chart below didn't happen over a day or two:
CALLER - Mr. Supinski, does my country own the Federal Reserve System? MR. SUPINSKI - We are an agency of the government. (snicker - Ed)
Free banking is a theory of banking in which commercial banks and market forces control the provision of banking services. Under free banking, government central banks do not exist, and government regulations are non-existent or not as strict.Entered By: Tyger Gilbert
"We are printing a currency of exchange, right, but as long as there's an agreed-upon value, it's legal," said Mary DeMare. "It's like bartering."
The United States economy will skid more deeply into recession in coming months, Federal Reserve policy-makers warned, but it is time to start planning how to wind down spending to avert an inflationary surge.
Worries about a prolonged economic slump and a lack of progress in thawing frozen credit markets persuaded Federal Reserve leaders last month to inject more than a trillion dollars into the economy, according to meeting minutes released yesterday.
As the holder of some $2 trillion in dollar-denominated savings the Chinese government has reason to be concerned about the long-term strength of the dollar. One time-honored method of reducing large government debt is to inflate the currency
Treasuries rose, ending three days of losses, as the Federal Reserve prepared to buy government securities tomorrow for the second time this week to hold down borrowing costs.