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Last week, in the name of protecting the little guy from Wall Street, the House passed HR 4173 to increase the little guy’s false sense of security in the financial system. This bill will greatly increase the powers of the Federal Reserve, which too
The decades-long campaign of Ron Paul to have the Government Accountability Office do a full audit of the Federal Reserve now may happen. Yet, many columnists and commentators are aghast.
The long-shot 2008 presidential candidate whose anti-tax, anti-government politics struck a chord with a swath of voters is again channeling public frustration with big government, bailouts and rising federal debt. As Paul trains his sights on his fa
A fourth senator has joined three other senators in placing a hold on the Fed Chairman's nomination. Louisiana Republican David Vitter will also move to keep the chairman's nomination from coming to the floor. “Over the past year or so, the Fed ha
The judge asks Ron Paul on Bernanke's renomination to head the Federal Reserve. 9 min. video
On the eve of what's expected to be a tough confirmation hearing Thursday, one senator has thrown up a political roadblock intended to stymie Federal Reserve Chairman Ben Bernanke's second term. Sen. Bernie Sanders, I-Vt., said late Wednesday that
The way to end the economic crisis and return the nation to prosperity
Is libertarian rock star and Texas Republican Ron Paul going mainstream? He’s got everyone from South Carolina Republican Sen. Jim DeMint to Minnesota moderate Democrat Collin Peterson to California liberal Barbara Boxer on his side in his audit-t
Mark Pittman, the award-winning investigative reporter whose fight to open the Federal Reserve to more scrutiny led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was 52. Pittman suffered from heart-related
In his Mockingbird media editorial, Bernanke “conceded the Fed had missed some of the riskiest behavior in the lead up to the crisis. But he said the Fed had helped avoid an even more damaging economic meltdown and has stepped up its policing of the
"I am concerned that a number of the legislative proposals being circulated would significantly reduce the capacity of the Federal Reserve to perform its core functions."
New York Times Bestselling author Charles Goyette will speak and sign copies of his new book... and... you can also have your likeness drawn in the book and signed by Pulitzer Prize Winning Editorial Cartoonist Steve Benson!
As it stands now, if HR 3996 passes the Federal Reserve’s entire balance sheet will be opened up to a GAO audit. We will at last have a chance to find out what happened to the trillions of dollars the Fed has been giving out.
Suddenly the Federal Reserve is everybody's punching bag. Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say. The chairman of the Federal Reserve Board
The U.S. dollar has changed from being a paper certificate for a tangible asset to a fiat currency - a paper note declared legal tender. By looking at the history of American paper money one can clearly see the distinction. The following image sho
An entertaining report of the political machinations that led to Ron Paul's "End the Fed" getting passed out of committee over Chairman Frank's and the Fed's objections in no small part courtesy of FireDogLake.com.
2-DAY MORTGAGE WORKSHOP: HOW TO STOP FORECLOSURES! NOVEMBER 27-28, 2009, 10 AM TO 5:00 PM Mickey Palotea of Harrisburg, Pennsylvania is once again coming to Phoenix on November 28 and 29, 2009 for a 2-Day Workshop: How to Stop Foreclosures!
The House Financial Services Committee earlier today rejected Representative Mel Watt's attempt to hijack Audit the Fed by voting 43-26 to pass Ron Paul's amendment to the financial regulatory reform bill. But . . . .
Rep. Elijah Cummings and six other members of Congress send letter to Barney Frank, Chairman of House Financial Services Committee and Chris Dodd, Chairman Senate Banking Committee to call for a "total" review of the Federal Reserve System
The Dollar Meltdown
A Short Story by Charles Goyette, author of The Dollar Meltdown
Federal Reserve Chairman Ben Bernanke said the U.S. central bank was monitoring the declining value of the dollar closely, saying the Fed was committed to both jobs growth and price stability. However, there were other factors helping to restrain inf
Federal Reserve Bank of New York President William Dudley said the central bank could curtail the risk of future liquidity crises by providing a "backstop" to solvent firms with sufficient collateral. "The central bank could commit to being the lend
The Fed pumped trillions of dollars into the economy to combat the recent financial crisis with virtually no direct authority to do so, and no effective oversight from publicly accountable branches of government. The Fed should be subjected to democr
"The plan now is to get an audit put into the bill, but it will be a pseudo audit, it won't amount to much," said Representative Ron Paul in an interview [see below] on CNBC television.
CNBC taken to school... then they offer a 2 hour spot on the show in studio (yeah right :)
The Federal Reserve announced new rules that would sharply restrict banks that issue debit cards from charging overdraft fees without the express permission of the cardholder. The rules, which take effect next summer, are the latest issued by the Fed
U.S. banks will prepay about $45 billion in premiums to replenish a federal deposit insurance fund now in the red, under a plan adopted by federal regulators. [That will kill of a few more using your savings to boot!]
The US dollar has so far had an orderly depreciation, Federal Reserve Bank of Dallas President Richard Fisher said on Tuesday. "Thus far the dollar has not been in a disorderly depreciation," Fisher told reporters, when asked about the carry trade.
For months, Bernanke had warned — without anyone on Capitol Hill appearing to listen — that a bill to let Congress "audit" the Fed would gravely threaten the central bank’s independence. It was alarming enough that the bill's author was Representativ
The chairman of the Senate Banking Committee unveiled a sweeping regulatory reform bill that would strip the Federal Reserve of nearly all of its power to oversee banks, setting up a possible clash with the Obama administration, which has argued for
