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Bernanke knows how unpopular he and his fascist institution are right now after all of the crimes they have committed in plain view since 2008. As such, he knows he needs cover for QE2 and that means some sort of deflationary shock that scares...
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Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight, while Congress has kept its hands off and its eyes closed. The Fed has presided over the near-complete destruction of the dollar.
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This weekend we celebrated America's Independence Day. But are we really a free nation? The truth is that it is really hard to argue that we are "free" when our currency system and our economy are run by an unelected privately-owned central bank.
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Thanks to the barrage of rather horrible employment data we've been hit with recently, Deutsche Bank is pushing back their forecast for a Federal Reserve interest rate hike from November 2010 to all the way out as far as potentially March 2011...
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This isn't "regulation" it is intentional theft and looting.
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The report said a new reserve system "must not be based on a single currency or even multiple national currencies but instead, should permit the emission of international liquidity - such as SDRs - to create a more stable global financial system."
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As for the Fed, I venture to say that a common jury of 12 American men and women placed on the Federal Open Market Committee would have done a better job of setting monetary policy over the last 20 years than Doctors Bernanke and Greenspan.
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A devastating report in the New York Times documents how Timothy Geithner’s New York Fed worked tirelessly to make sure that AIG was forced to pay banks such as Goldman Sachs 100 percent on dubious contracts...
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The intention of Central Bank of Russia would be to cause a 50 percent overnight devaluation of the U.S. dollar and displace the U.S. dollar as the leading global reserve currency. The expected market value of gold resulting from this...
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Each time the day of reckoning is put off, the bigger the price down the road. Thus, we should all be fearing more Keynesian and Monetarist attempts to forestall the inevitable collapse.
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The Federal Reserve Bank of New York has been probing major financial firms' exposure to BP Plc to ensure that if the oil giant buckles under the costs of the Gulf oil spill, it won't put Wall Street or the global financial system at risk, according
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Whenever anyone has ever told me something was too complex, there was usually a scam around the corner, as indeed it is with the Fed. The Fed is, itself, a scam. The complex matter in which they carry on is done to obfuscate the scam.
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Kartik Athreya has written the most idiotic "research" piece to come out of the Federal Reserve since 1913, and the Fed has written a lot of idiotic research since then - after all you don't destroy 98% of the dollar's purchasing power in 97 years...
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We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy. Think the unthinkable," he said in a note to investors.
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But the situation needs to be monitored closely. Any indications that Bernanke is indeed conducting massive quantitative easing operations will mean that its time to get in aggressive inflation protection mode.
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Evans-Pritchard does a good job of recapping all the various reasons why Bernanke has now completely cornered himself, and facing a newly collapsing economy, is left with just one recourse: the printing of more, more, more paper.
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I was anticipating a slowdown in the 4th Q. It is now looking more likely that we will fall of a cliff starting July 1st. Extended benefits will be ending. Most states start a new fiscal year and they are all dead dead dead on revenue.
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House Democrat leader Steny Hoyer will today announce that the US will not pass a budget in 2010 as “It isn’t possible to debate and pass a realistic, long-term budget until we’ve considered the bipartisan commission’s deficit-reduction plan...
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Francis E. Warnock argues, that the United States was at the tipping point in 2009 of a collapse of its bond market, but was saved, ironically enough, by the Greek financial crisis, which caused a flight into the U.S. Treasury market.
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The Peoples Bank of China has announced that it will no longer fix its currency in terms of the dollar. Instead it will manage the yuan against a basket of currencies.
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In February 2001 Alan Greenspan warned that the Federal Government was in danger of paying off the national debt too quickly (by 2010), and therefore it was more prudent to run deficits. He was afraid the US would buy equities with it's cash...
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Philly Fed drops from 21.4 to 8, worst since August of 2009. Expected at 20. This means that the Fed will soon have its Congress OpCo legalize a) negative interest rates and b) make holding any cash in deposit or money market funds treason.
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When the artificial conditions are removed the valuation of the bubble 'reverts to the mean, ' a more normal valuation based on the fundamentals, unadjusted and undistorted supply and demand. An asset bubble often involves a fraudulent design...
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According to Scotia Capital, the real sovereign debt problem is lurking in two of the world's biggest economies, the U.S. and Japan. In fact, they rank the U.S. the weakest sovereign for its current debt position.
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WASHINGTON - The Federal Reserve scored a political victory on Wednesday as Democrats mulling financial reform backed off measures that would expose monetary policy to audits and make the head of the New York Fed a political appointee.
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These are all money printing means that will ultimately lead to inflation. It is, ultimately, the only tool the Fed has at its disposal and is a very good reason to own gold...
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Washington, D.C. - House Conference Committee members, which will reconcile the House and Senate versions of the financial reform bill, have been announced. Congressman Paul is pleased to note that 15 out of 31 total conferees are cosponsors of HR 1
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The US Treasury is once again running on cash fumes, with total US Treasury cash down to $4.3 billion in the Treasury's Federal Reserve account. The US Treasury has now rolled $320 billion in total treasuries in the first ten days of the month...
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See for yourself.
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While the conventional wisdom in Washington appears to focus largely on the need to lower the federal government's budget deficit, rather than on reducing the nation's nearly 10 percent unemployment rate, Federal Reserve Chairman Ben Bernanke sent a
