John Williams of Shadow Stats predicts a “hyperinflationary great depression,” within the coming year. He also fingers the Fed for “debasing the U.S. dollar.”
1-2 Punch: Bernanke and the Debt Ceiling - Watch What Gold and Oil Do Next!
Foreign central banks simply haven't been adding to their holdings of treasuries for the last 7 weeks. I will hazard a guess that this line was much on the minds of the central banks who were huddling in a secret location near Sydney Australia last
"Government is the only institution that can take a valuable commodity like paper and make it worthless by applying ink." The same principle holds true with respect to the debasement of the official coinage.
2. He doesn't really believe such when he states it and knows he is about to crash the economy again as part of some secret agenda of the elite.
And you were worried about Iran. China's People Liberation Army has come out and openly said that the nuclear option, i.e., selling US Treasuries, is now on the table and should be exercised as "punishment" for U.S.' arms sales to Taiwan.
The key for those of us not secure within the rentier Power Elite caste is to continue to make escape plans to try to mitigate the worse effects of sovereign defaults, currency devaluations, capital controls, confiscation, etc."
When you've flooded the economy with trillions of dollars, mopping up is no easy task. That's the reality the Federal Reserve is confronting as it starts to explain how it will undo the aggressive growth-supporting steps that were put in place whe
Marc Faber discusses America's unsustainable debt load in this interview with Margaret Brennan on Bloomberg TV. An amusing observation: the GDP growth from each $1 of new total debt has dropped from $0.25 to -$0.60.
If the Fed actually attempts to raise rates under these conditions, the Fed would more than likely end up shrinking the money supply, which in turn would make the Great Depression look like a Super Bowl party
Treasury Secretary Geithner says the government "will never" lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion. Geithner says international investors will continue to buy Treasury
In March, the 2nd Circuit U.S. COA will hear oral arguments directly challenging the constitutionality of the AIG and $700B TARP bailouts gifting billions of public money and credit for private profit. The legal pleadings are linked in the article.
THE world's top central bankers began arriving in Australia for high-level talks as renewed fears about the strength of the global economic recovery gripped world share markets. Representatives from 24 central banks and monetary authorities, incl
Representatives from 24 central banks and monetary authorities including the US Federal Reserve and European Central Bank landed in Sydney to meet tomorrow at a secret location, the Herald Sun reports.
"If this thing goes to trial you can expect both Paulson and Bernanke to be on the witness list." If he's going down, he's bringing them down, too. Bringing them down to Chinatown. Order in the court!
Start the video at the 1:50 mark. This interview is very good, but it is also interesting to see the reaction of the interviewer when he talks about the possible collapse of the dollar.
Congress Democrats have just signed off on the US hitting 100% debt/GDP. About 140% if one adds GSE liabilities which also should be on the budget.
Only tight money suppply can explain today's major market swings of a down stock market, down gold, down oil and a strong dollar. M3 has been cliff diving for 24 months, same time frame as economy...
Nassim Taleb, said that "every single human being" should bet USTs will decline "citing the policies of Federal Reserve Chairman Ben S. Bernanke and the Obama administration."
Legendary author of scores of books and pamphlets demolishing the lies of warmaking mainstream media, historian Eustace Mullins died Tuesday, Feb. 2, at the home of his caretaker in a small town in Texas.
Ron Paul's Audit the Fed/End the Fed movement is having an impact on Bernanke. When he devotes so much of his swearing in speech to Ron Paul's concerns, you know Ron Paul is on his mind, big time.
Tim Geithner appears to have signed the Federal Reserve up to become the largest owner of Shariah-compliant insurance products in the world and engaged in money laundering. That's according to a senior litigator's interview on Monday.
After yesterday's very optimistic projection for funding needs, bond investors likely anticipate that the Treasury supply onslaught will moderate. As the next few months demonstrate, nothing will be farther from the truth.
“What would be the first two things you would do if you were in Mr Ben Bernanke’s seat?” Jim Rogers: “I would Abolish the Federal Reserve and Resign.”
Wells Fargo isn't giving up a billion dollars worth of interest income unless it is expecting a major spike in interest rates.
Some of the world’s most prominent bankers have come out in favour of a global bank wind-down fund, a concession from the industry after weeks of fighting proposals for new taxes in the US and Europe. Government rescue packages for banksJosef Acke
The Senate confirmed Ben Bernanke for a second term as chairman of the Federal Reserve voting 70-30 to reappoint Bernanke amid criticism of his judgment ahead of the financial crisis and his support for massive Wall Street bailouts.
77 Senators voted to close any filibuster, allowing a simple, easily obtained 51 vote majority to approve Ben Bernanke to continue to be in charge of your money's value.
Ben the Clueless And that's Bernanke's best characteristic. Article by Charles Goyette.
Federal Reserve Bank of New York officials scrambled to do damage control in the days after their $180 billion rescue of American International Group in September 2008, including an effort to control information by asking AIG to run significant outsi