3:00 Coinage Act points out that penalty of debasing the currency is death 3:20 People need to remember that currencies are unsecured 3:40 Wonders when people will wake up to currencies based on nothing
In March, the US government issued a massive amount of debt: $332.8 billion - the biggest amount ever since the all time record of $545 billion raised (most of it purchased by the Fed) during the apex of the financial crisis in October 2008.
Is This "The New Fed"? First the release of the garbage The Fed bought under Maiden Lane I-III, now this: Advance Notice of a Meeting under Expedited Procedures It is anticipated that a closed meeting of the Board of Gov
Can you fine folks over at The Executive, Judiciary and Legislative branches of our government please explain to us ordinary Americans why we should obey any of the laws of this land when you will not enforce the laws that already exist?
After two years of secrecy, the Federal Reserve Bank of New York is disclosing key details about billions of dollars of risky investments it bought while rescuing insurance giant American International Group Inc. and supporting the sale of failed inv
You're sure to profit from the Austrian perspective on the consequences of exploding U.S. government debt, just as Austrian analysis helped forewarn so many about the mortgage meltdown.
In other words, all hell is about to break loose, again. And few are ready.
Some observers fear that the market is finally starting to show the strain of absorbing a record flood of new Treasury issuance. One sign of that could be the unusual crossing of swap rates below Treasury yields, which could signal...
Depressions are a thing of the past and housing always goes up.
So if the banks are not lending the money to the American people, what are they doing with it? One of the things they are doing with it is buying U.S. government debt.
Further additions to the already swollen stockpile of vacant homes represent a threat to house prices and new home construction activity.
All Bernanke is doing is making a proposal to change the official policy so that it matches the current state of affairs. In simple terms, the proposal will change nothing.
On paper - there are 10-to-1 reserve requirements, banks like JP Morgan were using 100 to 1 leverage. She said that, with derivatives, leverage might be much higher.
This is because total income can no longer support total debt. In the third quarter of 2009 each dollar of debt added produced NEGATIVE 15 cents of productivity, and at the end of 2009, each dollar of new debt now SUBTRACTS 45 cents from GDP!
So unconscionable actions taken by Bernanke must then be defended to the point of maintaining secrecy - perhaps so that the true nature of the outrage - that is, the actual impact, effect, and reality of those unreasonable and unscrupulous acts...
US President Barack Obama on Saturday urged senators to grant the Federal Reserve a dramatic expansion of its' regulatory powers and to establish a new consumer protection committee to help safeguard Americans from Wall Street's excesses.
The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest U.S. government bailout ever, a federal appeals court said.
March 19 (Bloomberg) -- The Federal Reserve must disclose documents identifying financial firms that might have collapsed without the largest ever U.S. government bailout, a federal appeals court said.
Fall of USSR pushed hundreds of millions of workers into global market, fueling savings glut that drove down rates, former Fed chairman says.
What Bernanke is flatly stating is the need for that fraction, representing the actual wealth by which the bank's capital multiplies, could soon be eliminated for the U.S. Federal Reserve, making free-floating, infinitely self-replicating capital a p
March 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank shouldn’t be relegated to the role of regulating only the largest financial firms, as proposed by a draft bill in the Senate. “We are quite concerned by proposal
In case 1, this means banks are pulling money out of the system. They are borrowing Fed funds and depositing them as excess reserves. This would be an extremely deflationary tight money situation.
Mr. Marc Faber is pounding the table hard, warning that investors should get out of U.S. bonds:
President Obama's likely selections for three top positions at the Federal Reserve signal that he wants the central bank to focus on driving down unemployment and taking a more active role in protecting consumers. The president's choices would bol
The Federal Open Market Committee of the nation's central bank, an intricate part of the United States government may be continuing to destroy its source records, a policy it began in 1995 with an unrecorded vote -no fingerprints - conducted by...
Mish who runs the deflation-friendly blog Mish's Global Economic Trend Analysis, observes that the rally is not based on fundamentals, and believes that not only is it time to take profits, the probability of a retest of 666 is "50-50."
One American Argues Historical Lawsuit Against the Federal Reserve and the U.S. Treasury For Unconstitutional Billion-Dollar AIG Bailouts - TODAY!
From Brian P. Sack, Executive Vice President. Recall that Brian is the de-facto head of the Fed's "markets group" operation located on the 9th Floor of Liberty 33. If there is indeed a Plunge Protection Team, Brian is likely the PM who runs it.
Expansion of its reverse repo program with Primary Dealers, by adding additional counterparties. And guess who the first expansion wave focuses on - why Money Market mutual funds of course. Let's just do all we can to drain the money...
Al was frustrated. Was no one going to do anything about the larcenous scumbags milking us dry? Steaming, he went into his local 7-11. Thus did Al find his calling.