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Feature Article •
Global
The solution to today's global economic crisis is simple but untaken
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China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds.
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American taxpayers have the right to know where the trillions of dollars being pledged in their name are going. The Fed seems reluctant to say. What to do?
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My bet is that is if push comes to shove Bernanke will back off and swallow The Depression that inevitably must follow, because the alternative is that he may literally swing from a lamppost - if not at the hands of angry citizens...
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China's official foreign exchange manager is still buying record amounts of US government bonds, despite Beijing's increasingly vocal fear of a dollar collapse. Chinese and western officials in Beijing say China is caught in a "dollar tr
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The US is not alone in facing a deficit crisis. Governments worldwide have to raise some $6 trillion in debt this year, with huge demands in Japan and Europe. Kyle Bass from the US fund Hayman Advisors said the markets were choking on debt.
Letters to the Editor •
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I’d like to propose a suggestion to all the small groups across our nation who are working on their various patriotic endeavors toward raising awareness, making preparations for an economic crash, speaking out for our rights, voting and runni
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The U.S. dollar dropped to its lowest level this year on Friday and was on track for its biggest weekly fall in two months on growing concerns about losing the AAA-rating status of the United States.
Letters to the Editor •
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Angry Monsters V. Fed: Ugliest Mouth Leads Attacks This is my first contribution after I surveyed your recent headlines. This caught my attention: Ron Paul: Audit the Fed, Then End It 5-19-09&nb
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This president put in place policies that will bring those deficits down to a sustainable level over the medium term,” Geithner said. He added that the target is reducing the gap to about 3 percent of gross domestic product, from a projected 12.9 per
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The U.S. will issue a record $3.25 trillion of debt in the fiscal year ending Sept. 30 to pay for a growing budget deficit, according to Goldman Sachs Group Inc., one of the 16 primary dealers that are obligated to participate in Treasury auctions.
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The economy could begin to pull out of the recession later this year but a full recovery could take as long as six years, according to a forecast issued today by the Federal Reserve.
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The odds on the dollar, Treasury bonds and the U.S. government’s AAA grade all heading for the dumpster are shortening.
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On Tuesday a federal judge denied a Freedom of Information Request put to the Federal Reserve saying he "did not want blood on his hands." And now the Obama administration is considering transferring SEC regulatory authority to this secreti
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The proposal, still being drafted, is likely to give the Federal Reserve more authority to supervise financial firms deemed too big to fail. The Fed may inherit some SEC functions, with others going to other agencies, the people said.
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Instead, Congress has abdicated this responsibility to a cabal of elite, quasi-governmental banks that, instead of stabilizing the economy, have destabilized it. It took less than two decades for the Federal Reserve to bring on the Great Depression..
Opinion •
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Part VI of Federal Reserve plunder
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You may have missed this in the news, because the MSM never showed it, but they should have! Rep Alan Grayson asks Federal Reserve Inspector General Elizabeth Coleman about the trillions of dollars lent or spent and where it went. Her answer is not
Feature Article •
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Part V of Federal Reserve plunder
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As a group, they have repeatedly demonstrated the lack of political will power to make difficult economic decisions. But now they want to assert control over the Fed.
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This week, WTP Chairman Bob Schulz filed an appeal at the U.S. Court of Appeals seeking to stop the Fed and Treasury AIG and TARP bailouts, pending evidence of their constitutional authority to gift, loan, insure or invest public funds for def
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"One Ring to Rule them All... and in the Darkness Bind Them." - from J.R.R. Tolkien's 'The Lord of the Rings'
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If the US is downgraded by one or more of the rating agencies, it could result in a massive devaluation of the dollar, according to Bham.
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Part IV of Federal Reserve plunder.
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Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that
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“We’re going to have a currency crisis, probably this fall or the fall of 2010,” Rogers. “It’s been building up for a long time. We’ve had a huge rally in the dollar, an artificial rally in the dollar, so it’s time for a currency crisis.”
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Greenspan - “Those of us who have looked to the self interest of lending institutions to protect shareholders equity, myself especially, are in a state of shocked disbelief.”
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Part III of Federal Reserve plunder
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The White House told industry officials on Friday that it is leaning toward recommending that the Federal Reserve become the supercop for "too big to fail" companies capable of causing another financial meltdown.
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Stephen Friedman, chairman of the board at the Federal Reserve bank of New York, abruptly resigned, days after his approval of a request by Goldman Sachs was in violation of policy because of his considerable holdings in Goldman shares.
