The latest money supply numbers show that non-seasonally adjusted money supply has ground to a near complete halt. For the three month period ended January 31, 2010, non-seasonally adjusted money is growing at only 1.2%...
Now Dodd is prepared to reward the Fed for the very same conduct he roundly criticized three years ago. We can only assume he has already started serving his post-Congressional constituency.
The American people are taught voodoo economics. They have absolutely no understanding of reality.
So how does the 1 percent control the 99 percent? By gross deception at all levels:.............
Government also struggles with money, but the struggle centers on how to get more of your money into government coffers. Rather than expanding the Federal budget in the face of economic downturn, we should be focusing on eliminating waste and being
These are epic warning signals, with echoes of 1931. Yet the Fed has just raised the Discount Rate. It is winding up liquidity operations, and preparing to reverse QE, even though the housing market has tipped over again.
The cover story they used was that they were going on a duck hunting trip on Jekyll Island. In a sense this was true, the ducks were the America people.
But taxpayers remain decidedly on the hook for future bailouts because Congress has done nothing to eliminate the once-implied but now explicit government guarantees backing large and interconnected companies.
What this graph shows, astonishingly, is that a dollar added to the monetary base now has a NEGATIVE multiplier effect. Without showing yet another chart, bank lending has fallen percentagewise the most in 67 years.
“They don’t know six months, nine months down the road what it’s going to look like. So if they commit to something now, they essentially commit in a vacuum.”
The Federal Reserve is examining the role that Wall Street firms including Goldman Sachs played in helping Greece arrange credit default swaps, Fed Chairman Ben Bernanke said. "We are looking into ... their derivatives arrangements with Greece,"
Two events took place last week that would have been inconceivable a year ago. Ron Paul won CPAC's straw poll for 2012. And the president of the Fed of Philly gave a speech hostile to Federal Reserve policy.
Overtures to reform GSEs announced earlier helped everyone forget that Greek rioting does not fill a budget deficit and instead that we have a hole worth several trillion in the mortgage sector, that is currently unaccounted for.
After the Lehman bankruptcy, Congress' amendment to the Federal Reserve Act gave the Fed the authority to pay interest on excess reserves (the Fed creates its own $ machine... AGAIN. Ernest does his best to explain this... Breaking News
Morpheus & Vengeancia: TIME FOR AUDIENCE PARTICIPATION! What would the act be called where I take money out of your wallet? What if I had someone else take the money out of your wallet? What would that act be called if...
In his February 2nd letter, Dr. Sam Kennedy promised a final remedy to enslavement at the hands of corporations posing as legitimate government. Now, Dr. Kennedy represents an end, once and for all, at the source, to the arrests & foreclosures.
Asked if the US should be worried about this trend, Rogers, who does not hold US Treasurys, said: "Of course. The US should be worried about everyone lightening up – not just China."
If one is alert, it is evident that the Federal Reserve and the U.S. Treasury have disposed of the need for Congressional approval, and have engineered a de facto bailout of Fannie Mae and Freddie Mac, at public expense.
US President Barack Obama will sign an executive order establishing a bipartisan commission to find ways to reduce the gaping US budget deficit, a White House official said.
IMHO, the likelihood of what Johnson is foretelling us is about to occur in Europe is very high. The political fallout Democrats--not to mention our entire country--are already paying for these inevitable outcomes is totally unacceptable, and on many
Gradually we are getting confirmation that Chinese "posturing" about offloading US debt is all too real. The most recent TIC data confirmed the Treasury's greatest nightmare: China is now dumping US bonds.
[I don't know how good it will be....] Nowhere in the world can such a concentration of power be found than at the World Economic Forum's meeting in Davos, Switzerland. Scott Pelley goes behind the scenes this Sunday, Feb. 14, 7 pm ET/PT.
For Greece, with on and off balance sheet liabilities at over 800%, it's game over. For the Eurozone, with the same ratio at about 500%, it is also game over. For the US, at 500%+, it is, you guessed it (sorry Joseph Stiglitz), game over...
The more-worrying factor here is that we've got this "mystery" direct buyers out here again taking nearly 25% of the offered amount (who is bidding for that undisclosed?) and another 11% taken down by The Fed for the SOMA account.
Yet even a casual look at the fiscal position of the federal government (not to mention the states) makes a nonsense of the phrase “safe haven”. US government debt is a safe haven the way Pearl Harbor was a safe haven in 1941.
"In the developed world we have huge debt to GDP, in terms of government debt to GDP and unfunded liabilities that will come due, and these unfunded liabilities are so huge that these governments will all have to print money before they default."
European Central Counterparty Limited (EuroCCP) is a UK-incorporated, FSA Recognised Clearing House that is governed by its European users. It is the European subsidiary of The Depository Trust & Clearing Corporation (DTCC) headquartered in London.
While the Warehouse Trust will be directly regulated by the Federal Reserve and the New York State Banking Department, it is also expected to be subject to a global cooperative oversight framework involving other U.S. and non-U.S. regulators.
Ernest Hancock nailed this years ago! Best known for its Cede & Co. partnership which is the holder of virtually every single physical stock certificate in the universe, and accounts for over $2 quadrillion in stock transactions per year...
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