A recent piece by Barclay's Steven Englander demonstrates how everybody and the kitchen sink is soundly amused by Geithner's call for a strong dollar. "The IMF Composition of Official Foreign Exchange Reserves data suggest that central banks are doin
From a blog titled "Where Hip-Hop and Libertarianism Meet," a rapper's case against the Federal Reserve:
A picture is worth a thousand words and this one illustrates what the Federal Reserve System, aided and abetted by the Federal Government's deficit spending policies, have caused. There is good reason why this country has undergone another economic t
#4 The Failure of Obama's Economic Forecasters (Many high level visitors.)#6 Matt Taibbi Reports on Naked Short Selling, and Gets Caught with His Pants Down (This post was featured at Huffington Post) #7 Goldman Sachs No Longer a Bank Holding Comp
If you read all these articles, you will begin to see how everything ties in together.
The letter is instructive as a tool in understanding some of the information the Federal Reserve is not currently providing with regard to its operations.
10/09/09 Stockholm, Sweden – Federal Reserve Chairman Ben Bernanke talked about the tremendous size of the central bank’s $2.1 trillion balance sheet at a recent conference. He openly recognized that the current measures he’s taken to support the eco
The president’s a real comedian. I’m not referring to the performance on Letterman as much as I am at the G20 Summit, where, humorously, he spoke of his determination to prevent and prohibit the “reckless risk-taking” that he asserts brought about th
Imagine if the U.S. had raised interest rates the world has realized they can buy a cheap dollar does the U.S. Government prop up the stock market, prop up the housing bubble yet destroy the dollar?
even short steps to the cost of living doubling or more inside 3 years... HYPERINFLATION is widely accepted as a period of out of control price rises, doubling the cost of living inside three years.
Impeccably reliable sources have informed me that as recently as Sept. 30, 2009 - the last possible day of trade in the Sept. 09 futures - a number of well-healed market participants "bought" substantial tonnage worth of gold futures on the London Bu
For bingers who claim that they’re not ready to leave the party yet, central bankers are jiving hard to convince us that they know where the exits are. My bet is that they’ll bail sooner than financial markets think.
Critics say not only does Bradley Birkenfeld deserve reward for making the tax-evasion case against UBS, his former employer, but his harsh treatment is a bad example for those who want to expose fraud.
Questions have been raised by some commenters on ZH recently whether Greenspan did what he did on purpose. Reading the article below and considering the fact that he is a devotee of Ayn Rand (who by the way was at his side when he was sworn in as cha
The dollar staged a modest rebound on Friday after comments from Federal Chairman Bernanke led to speculation that the US might make an early exit from unconventional monetary policy.
Goes into details of where he believes the dollar will be going..Its time to abolish the Fed and its time to buy Silver!!
Peter Schiff, President of Euro Pacific Capital and author of "Crash Proof 2.0," recently spoke with Fox Business News about this week's surge in gold prices and foreign mining stocks.
The central banks of several Asian countries that are fearful of the impact a weak dollar will have on their exports, intervened in the markets on Thursday to buy the troubled U.S. currency.
The Federal Reserve System has become the very type of "bad bank" that they were themselves trying to rescue.
But here's a stark fact, via the Council on Foreign Relations: Only the Fed is buying agency debt. Foreign buyers, who once consumed it voraciously, have been net sellers so far this year.
Turbo Tim was president of the New York Fed during the five years prior to his appointment as Treasury Secretary. Becker and Morgenson pointed out many of the ways in which "conflict of interest" seems to be one of the cornerstones of that institutio
More than a decade after former Treasury Secretary Robert Rubin made the “strong dollar” national policy, currency traders say the same words coming from the Obama administration have little meaning.
Asian central banks intervened heavily in the currency markets on Thursday to stem the appreciation of their currencies against the US dollar amid fears that their exports could be losing ground against China.
Yet we were dumbfounded by this piece of information, presented to us by Jim Bianco, which demonstrates that the Fed's monetization of Agencies is far more blatant than anything even encountred in Treasuries.
If you missed David Malpass' great op-ed in the WSJ earlier, we suggest you read it. For those pressed for time, David summarized his thoughts on what the ongoing dollar deterioration will do to the economy in the following CNBC clip.
Libertarian websites that foment a revolution on the ground, in papers or in print are their graveyards to stay and rise to attack.
Today, Gary Gensler, chairman of the Commodities Futures Trading Commission (an agency with responsibility for overseeing derivatives trades) - and one of the main people who blocked regulation of CDS in the past - warned Congress about this issue
AS of 7:09 AM ET CNBC and Marketwatch do not have anything on their front page about the Asian intervention in foreign currency markets to prop up the collapsing dollar.
Overnight, the U.S. dollar continued to fall against most Asian currencies, prompting a wave of foreign-exchange intervention by central banks. Things are really bad when the Philippines is propping up the dollar. The Philippines!