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The next ten days will be key: Will the dollar spike up? Become the safe haven of everyone fleeing from the world’s troubles? Or will the dollar nosedive, the first big step down in its death spiral?
The most recent projections from OMB and CBO indicate that, if current policies remain in place, the total unified surplus will reach about $800 billion in fiscal year 2010, including an on-budget surplus of almost $500 billion.
Long seen as a place of safety in times of turmoil, the dollar may be losing its haven appeal.
Bernanke is absolutely TERRIFIED of what’s coming. He knows that if his famed “Bernanke Put” is no longer sufficient to propping up the market, then he’s about to lose control of the financial system again…which means, you guessed it, THE REAL CRISIS
There is no shortage of turmoil right now… yet we are seeing the dollar get clobbered while gold, silver, and smaller currencies like the Swiss franc rise. This represents a major shift in the way that the market views risk.
Dr. Steve Keen's model demonstrates how speculative financial investment in a pure credit economy will inevitably lead to a severe recession/depression once the speculative debt levels overwhelm the productive capacity of the economy.
When the stuff hits the fan this time around, the Fed will be powerless to do anything. Bernanke’s already shot every bullet he’s got. So when he loses control this time around, not only will the market crater, but the belief that has kept the...
If the U.S. dollar is being devalued so rapidly, then why does it sometimes increase in value against other global currencies? Well, it is because everybody is recklessly printing money now.
"money does not have to be borrowed into existence, it can be spent into existence by the state for so long as that money's recipients show a willingness to accept it as a medium of exchange - and that is exactly what we have at work here...
They must put something in the water at the Fed, certainly the Board of Governors and the New York Fed. Everyone there, or at least pretty much everyone who gets presented to the media, seems to have an advanced form of mental illness...
U.S. Federal Reserve Chairman Ben Bernanke defended easy money policies in advanced economies against the charge they are overheating emerging markets, saying factors such as exchange rate rigidity are also to blame.
The FOMC put you on notice with this set of minutes: They know this is going to blow up, they expect it to blow up, and there is no way to avoid it blowing up as carrying costs will double while the output to cover it will grow by less than 30%
Inflation is a secret rip-off and thus the perfect vehicle for the exploitation of a population through its (false) elites, whereas deflation means open redistribution through bankruptcy according to the law.
Since our first warning back in September, when the world's most worn commodity passed $1, cotton is up 95%. Annualized, the YTD move in cotton is 1,512%.
Fed boss Ben Bernanke is the most dangerous human on earth, far more dangerous than Hosni Mubarak, Egypt’s 30-year dictator, ever was. Bernanke rules a monetary dictatorship that will trigger the coming third meltdown of the 21st century.
Ben Bernanke "There are people identified -- and the trouble is -- and particularly in this blogosphere we live in now -- at any given moment, there are people identifying 19 different problems, crises."
For the past 3 decades, the Federal Reserve has been given a dual mandate: keeping prices stable and maximizing employment. This policy relies not only on the fatal conceit of believing in the wisdom of supposed experts, but also on numerical chicane
This implosion has been artfully papered over with enough accounting tricks so that many citizens do not even perceive it as being underway. The results are insidious: falling living standards, no role to play in the economy (that is, a job)...
Beneath the surface of illusory stability, pressures are mounting. A stock market which is now entirely reliant on monthly injections of $100 billion of "free money" from the Fed's "quantitative easing 2" program is a market that is exquisitely...
It appears to contain information so sensitive it would once again rain fire and brimstone on everyone, and like an audio medusa, lead to widespread petrifying contagion everywhere it was heard.
Anyone who could gather real resources without expending much time or energy had a huge survival advantage. "Quantitative easing," has, then, a hugely positive emotional valence, as it embraces the two things humans prize most - quantity and ease.
Bank of America's account websites are experiencing an unprecedented online security breach and isn't rectifying the problem. That's right, your online account data and full account access may be in the hands of someone else.
soph·is·try (s f -str ). n. pl. soph·is·tries. 1. Plausible but fallacious argumentation. 2. A plausible but misleading or fallacious argument.
Kevin Warsh, the last real hawk at the Fed, excluding the primadonnas who keep bitching and moaning against QE2 yet continue to vote with the Chairsatan, has announced he will leave the Fed.
We're spending/injecting $7 to create $1 of "growth" in GDP. And thanks to the ratchet effect, there's no going back now without systemic disruption. Does anyone seriously believe spending $7 to birth $1 of "growth" is sustainable?
By some studies, today it requires roughly 6 new debt dollars to create $1 of net GDP growth. This is due to the diminishing return on debt, again a concept that goes alongside debt saturation. As more debt is added to the system...
This is rubber.This the road. This where they meet. Buckle up! Ron Paul exposes the Fed's destructive monetary policy and talks about tomorrow's hearing entitled "Can Monetary Policy Really Create Jobs?" Ron Paul is America's leading voice fo
We've been over the numerous BS excuses that US Dollar destroyer extraordinaire Ben Bernake has made for QE enough times that today I'd rather simply focus on the REAL reason he continues to funnel TRILLIONS of Dollars into Wall Street Banks.
So the 10 year Bond has gone from 2.33% to 3.7% in less than four months. 30 year mortgage money, no points, has gone from about 4% to just over 5% (no junk fees) in the same time.
For too many years the Federal Reserve Bank(The FED) has operated under the cloaks of anonymity and mis-perception. Most people didn't even think The FED was a subject worthy of consideration much less giving them the proper recognition they deserve
