Paul said the federal government does not have the right to tax a person’s income or dictate the way in which people live their private lives. He said it is the citizens’ duty to protect themselves from big government.
World Bank President Robert Zoellick questioned the wisdom of giving the Federal Reserve more power over banks, as the Obama administration has proposed
The financial crisis taught crucial lessons about the dangers of bubbles, loose regulation and debt. It's a pity we didn't learn.
It has been argued that full disclosure of details of funding facilities that enabled massive bailouts of Wall Street would ... destabilize the economy. In other words, if the American people knew how rotten the books were at those banks and how ter
This sort of hubris is almost beyond belief: But what B-movie writer could have conjured up this scary scenario—Too Big To Fail (TBTF) banks as the Blob that ate monetary policy and crippled the global economy? That's just about what we've seen in
The Federal Reserve is willing to work with U.S. lawmakers on ways to release names of companies that borrow from the central bank after a time lag. The idea was "something that we're giving serious consideration with and we'd be happy to work with y
To those who do not understand the purpose of such machinations, the first question is to ask 'who benefits'? No doubt via the current schemes, the beneficiary have been the central banks and their power brokers.
In 2003, when Paul was in line to become chair of the domestic monetary subcommittee, that subcommittee - coincidentally enough - immediately disappeared, and was merged into another subcommittee in order to shield the Federal Reserve from the immine
Sept. 28 (Bloomberg) -- Nassim Taleb, author of “The Black Swan,” questioned why Federal Reserve Chairman Ben S. Bernanke, and Treasury Secretary Tim Geithner kept their posts after failing to foresee the collapse in global credit markets.
This afternoon, Secretary Geithner will meet with the Financial Stability Oversight Board. Oversight Board members: Secretary of the Treasury: Timothy Geithner Chairman of the Board of Governors of the Federal Reserve System: Ben Bernanke [chai
Bailouts, stimulus packages, debt piled upon debt, where will it all end? How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers?
I would say something smells fishy here but the truth is it smells like 6 tons of dead fish washed up on the beach.
Gross debt issuance will reach $7 trillion when the current fiscal year ends this month, Treasury Acting Assistant Secretary for Financial Markets Karthik Ramanathan, said on Wednesday.
G20 purpose is to change monetary policy with SDR's as the New World Order Currency.
Almost as if a global memo had been sent out, headlines of major media outlets across the planet announced the unfolding of the coming “New World Order” — with a smaller role for the United States and freedom.
After yesterday we highlighted a declassified document by the Department of State, in which it was made clear just how critical it is for the US to remain "Masters of Gold", today we present a comparable memorandum from the same time period (December
A powerful hidden engine existed for close to 20 years called the Yen Carry Trade. The engine produced tainted trillion$ for its priviliged participants, whose access to cheap money was assured and whose control of government policy was tight.
Federal Reserve General Counsel Scott Alvarez said audits of monetary policy by the U.S. Congress could lead to higher interest rates and reduced confidence in central bank policy.
HR 2017 Audit the Fed House Committee hearing videos
Although the acquisition of mortgage-backed securities was scheduled to end in December 2009, the Federal Reserve has decided to continue acquiring the securities, with plans to pump another $556 billion into them bringing the end total to $1.25 tril
“I don’t know when [the dollar] is going to strengthen,” Schiff told CNBC. “The dollar isn’t the new yen, it’s unfortunately the new peso.”
A recently declassified telegram to the Secretary of State sent in 1968, has some very distrubring revelations to gold "conspiracy theorists" who believe there could be an international arrangement to maintain a control over gold prices in the intern
In aviation circles there is a concept called "the coffin corner"
The White House press release says it all: The G20 leaders reached a historic agreement to put the G20 at the centre of their efforts to work together to build a durable recovery while avoiding the financial fragilities that led to the crisis.
Federal Reserve Bank of Richmond President Jeffrey Lacker said it would be better to define the limits of the official US financial market safety net in advance and by a formal charter. "What could be problematic is defining the scope of the
This is Fed Friday!... and this is the message I would send to the hearings if I had my way if you agree lets make this video go viral for the whole world to see!
Legislation giving U.S. government investigators broader authority to audit the Federal Reserve could erode confidence in the central bank’s independence and ability to conduct monetary policy, a top Fed official will tell lawmakers Friday.
HR 1207 is having a hearing tomorrow on auditing The Federal Reserve. There has been much made of whether a Fed Audit would "compromise" Fed independence. This is the wrong standard to apply. The correct standard is whether The Fed should, u