"Federal" "Reserve" Banking Cartel to hire Enron's Linda Robertson to wage lobby war against Audit The Fed bill
* The amount of new money the Fed
has created is roughly $107 billion more than all the money that was in
circulation just a year ago
* In other words, the U.S. money supply has more than doubled
As HR 1207 gains momentum and co-sponsors in the House of Representatives, the Federal Reserve is planning to fight the tide calling for an audit of its books by hiring a veteran lobbyist to “manage its relations with Congress,” according to Reuters.
Ron Paul introduced HR 1207 on February 26, 2009 in the House.
This is a high quality version of the Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009. 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 the IG does not know and is not tracking where this money is. http://www.bloomberg.com/apps/news?pi... Federal Reserve Office of the Inspector General: http://www.federalreserve.gov/oig/
“Either cuts in spending or increases in taxes will be necessary to stabilize the fiscal situation,” Bernanke said in response to a question. “The Federal Reserve will not monetize the debt.”
Federal Reserve Chairman Ben Bernanke is urging Congress and the Obama administration to start plotting a strategy to curb record-high U.S. budget deficits. Failing to do so could eventually erode investor confidence and endanger the economy's prospects for long-term health, he said.
China sees it differently. It is obvious to Chinese officials that neither China nor the entire world has enough spare money to purchase $4 trillion of US Treasuries over the next two years.
On the day before Thanksgiving in 1991, the US Senate voted to vastly expand the emergency powers of the Federal Reserve. [kinda like creating it] Almost no one noticed. The critical language was contained in a single, inscrutable sentence, and the only public explanation was offered during a final debate that began with a reminder that senators had airplanes to catch. Yet, in removing a long-standing prohibition on loans that supported financial speculation, the provision effectively allowed the Fed for the first time to lend money to Wall Street during a crisis.
Russian President Dmitry Medvedev may discuss his proposal to create a new world currency when he meets counterparts from Brazil, India and China this month. Medvedev first proposed seeking alternatives to the U.S. dollar as a reserve currency in March.
A Senate audit bill that is unrelated to HR 1207 titled “HC-45” was introduced to audit the Fed and was promptly amended to limit the scope. It appears now that a so-called limited government Republican by the name of Richard Shelby did the watering down...
“The balance sheet of the Federal Reserve not only has expanded like mad but is also ridden with ‘rubbish’ assets,” he said
(Imagine, taking advice from the ChiComs) Another global financial crisis triggered by a loss of confidence in the dollar may be inevitable unless the US saves more, said Yu Yongding, a former Chinese central bank adviser. It's "very natural" for the world
Investigate the facts for yourself before believing Susie Orman playing "mouthpiece" for a clearly-desperate regulatory apparatus that has allowed the wholesale looting of the American Taxpayer to occur
Global financial instability has sparked a surge in "monetary nationalism" -- the idea that countries must make and control their own currencies. But globalization and monetary nationalism are a dangerous combination, a cause of financial crises...
Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows.
Argue with that all you want; they're not my numbers. Where's that 4.5% 30 year fixed mortgage folks? Gone, that's where. Here's reality: Bernanke has lost control of his supposed "intervention."
They favor vesting the Federal Reserve with new powers as a systemic risk regulator, with broad responsibility for detecting threats to the financial system. The powers would include oversight of previously unregulated markets, such as the derivative
We find out more details about what was really going on behind closed doors with interviews from Micheal Badnerick, Edward Griffin and Catherine Bleish.
You saw that right - the 30/fixed is now being quoted at 6.5%, up nearly 30% in one day.
The most recent Fed Balance Sheet reading of $2.16 trillion is a doozy and is only getting higher. This is just the beginning: Bernanke and Co. committed to monetizing $1.75 trillion of securities this year, of which $1.21 trillion remain to be purch
U.S. “problem” banks climbed 21 percent to the highest total in 15 years in the first quarter, and provisions set aside for loan losses weighed on industry earnings, the Federal Deposit Insurance Corp. said.