The Federal Reserve is the central bank of the United States and controls national monetary policy. The Fed, not to be confused with the federal government of which it is not a part, also picks your pockets and raids your bank accounts.
A 7 min rap video that explains all you need to know about austrian economics vs keynesian. After this quick video, you will be able to impress your friends and family with your amazing grasp of the boom and bust cycle.........
Records show that Geithner participated in nearly 70 calls between 7:45 a.m. and 10 p.m. on Tuesday, Sept. 16, as officials worked to stabilize AIG -- first through private loans and finally through public assistance. They feared the company's collap
President Obama phoned Senate allies as 2 key senators predicted embattled Federal Reserve Chairman Ben Bernanke will be confirmed for a second term. Obama made calls from the White House to members of the Senate leadership and others
The Problem is Systemic! The monetary system will continue to bleed the U.S. economy dry even if the faces of the authorities change. Still, there must be accountability. Therefore, I invite you to join Mish, who wants to... Dump Bernanke!
With recent news of inflation rising in Australia we turn an eye to the same eventuality at home in the US. Despite overwhelming growth in the monetary base, little inflation has yet to appear in government measures. Not that we’re one to trust thos
Jan. 18 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner, European Central Bank President Jean-Claude Trichet and their Group of Seven counterparts face few distractions when they meet in an Arctic outpost to rein in diverging policies on t
The Federal Reserve System is NOT that difficult to understand. Likewise, it doesn't require much effort to see HOW it is being used against us.
Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins. Lawful money stands in contrast to fiat money, to which the government assigns value although it has no intrinsic value.
Documents released in the US have shown the New York Federal Reserve Bank helped bailed out insurer AIG to build a case against disclosing details of AIG's payments to banks. The Fed reportedly became actively involved with AIG’s lawyers to ensur
The Federal Reserve Bank truly is a den of thieves and con artists who have stolen the wealth and prosperity of an entire nation.
The Federal Reserve garnered “record profits” during 2009, the largest amount it has ever made in a single year in its entire history. Fascinating, when considered against the backdrop of what the American taxpayer is facing – record levels of unempl
The Federal Reserve System is not about making money at the expense of the government. It is about using a government-granted monopoly over money to regulate the economy to the benefit of a handful of large banks.
The U.S. Court of Appeals in Manhattan will decide whether the Fed must release records of the unprecedented $2 trillion U.S. loan program launched after the 2008 collapse of Lehman Brothers Holdings Inc.
When Treasury Secretary Tim Geithner was Chairman of the NY Federal Reserve, he urged AIG officials not to disclose to the Securities Exchange Commission relevant details of agreements with banks to bail out Goldman Sachs.
It was either Bob Chapman or Gerald Celente who recently said this on a radio broadcast. A must read article.
Take the pledge to Move Your Money! In the past week, Move Your Money evolved from a New Year's Resolution into a national movement. Press coverage spans the spectrum from mainstream outlets to advocacy blogs and progressive organization -- fro
If only we'd had more power, we could have kept the financial crisis from getting so bad. That is the position of Ben Bernanke, the Federal Reserve chairman. It is why they are pushing Congress to give the Fed more authority over financial firms.
Charles Goyette, author of the New York Times bestseller The Dollar Meltdown will speak about the coming currency crisis and sign copies of his book in a benefit for The Freedom Library.
The author of The Dollar Meltdown tells why the dollar will lose purchasing power in the new year. Policies will be pursued by the same irresponsible Republicans and Democrats, the same wreckless fiscal authorities, and the same money-printing Feder
ATLANTA -- Federal Reserve Chairman Ben Bernanke cracked the door open a bit more to the idea of raising interest rates if a new financial bubble emerges. He also mounted a vigorous defense against critics who say it was the Fed's low-interest-rate p
The Gold Anti-Trust Action Committee Inc. today brought suit against the US Federal Reserve Board, seeking a court order for disclosure of the central bank's records of its surreptitious market intervention to suppress the monetary metal's price.
The Chinese renminbi is taking on an increased role in the Asia-Pacific region, and is expected over time to replace traditionally dominant currencies such as the US dollar and the euro for certain transactions.
Charles Goyette, author of The Dollar Meltdown, on CNBC discusses the economy and the dollar.
Myths About Money: For generations America's governing classes have perpetuated myths about the nature of money, credit ans wealth; myths that have enabled them to bring America to the brink of financial collapse! More from Charles Goyette, autho
Even as Bernanke spoke, the spillover from subprime lending was driving the banking industry into a historic crisis that some firms would not survive. And the upheaval would shove the economy into recession. Just as the Fed had failed to protect borr
This morning, the Senate banking committee voted 16 to 7 to reconfirm Ben Bernanke as the Chairman of the Federal Reserve. Now the full Senate must also agree that Bernanke should keep his job.
It is getting harder for governments to buy U.S. Treasuries because the United States' shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said. Chinese officials generally are very careful about
Many past Time Magazine men/people of the year have met with grave misfortune after their recognition. Take a look at this history, and wonder if this is a signal that Ben Bernanke and/or central banking in general are really on their way out.
A bald man with a gray beard and tired eyes is sitting in his oversize Washington office, talking about the economy. He doesn't have a commanding presence. He isn't a mesmerizing speaker. He has none of the look-at-me swagger or listen-to-meRead Letter