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From a November 2009 report: Analysts have identified individuals associated with these events who have expressed anti-Semitic, anti-government, and/or conspiratorial statements. The potential for problems during the Pittsburgh rally is ag
The appointee named to run the bureau is an academic, not a business person. She has very little real world business experience with the highly complex financial instruments she will oversee. The administration has done nothing to refute her
Just as the government is trying to prevent people from investing in anything other than T-Bills by raising taxes on taxable interest and dividends to confiscatory levels, it's also trying to prevent you from parking your wealth in assets, like gold,
Gold Prices- New Highs! So gold finally got your attention? Here are answers to some of the most frequently asked questions from new gold buyers.. Excerted from the New York Times bestseller THE DOLLAR MELTDOWN
It is unclear what is behind this flight from the dollar. Mainstream media and the financial media do not yet seem to be aware of it. Their stories tend to be focused on the BOJ's intervention more than the bigger picture. But something big may...
The last time we heard from PIMCO, the gigantic bond house was back to buying long bonds, betting on deflation.
John Williams, arguably one of the best trackers of real, unmanipulated government data via his Shadow Stats blog, has just released a note to clients in which he warns that hyperinflation may hit as soon as 6 to 9 months from today.
—but they have accomplished one thing: They have undermined Treasuries. These policies have turned Treasuries into the spit-and-baling wire of the U.S. financial system—they are literally the only things holding the whole economy together.
Having spent the last ten years, minimally, spending without conscience or concern, the federal government has hit the wall; no one wants to buy our Treasury bonds used to finance the national debt. As one bill after another comes out of congress gi
Barbara Tuchman lists four kinds of what she calls “misgovernment”. There is misgovernment by tyranny or oppression, by excessive ambition, by incompetence or decadence or both, and finally by folly or perversity.
Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system. "If the crisis has a single lesson, it is
Pento also goes into explaining why housing is facing a "deflationary depression," and a further collapse in pricing, why inflation benefits only those closest to the money, i.e., the banks and the military complex, why it destroys the middle class
We are currently faced with many, many Constitutional issues that desperately need to be dealt with and first and foremost should be Article I, Section 8 Clause 1 and Clause 4 regarding the ability given to Congress to borrow money on the credit of t
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Translation: We screwed the pooch, 2001–2007, and we were about to lose the sucker. We all did what Keynes said we should. First, the politicians increased the government deficits on an unprecedented level, Second, central banks counterfeited money..
Translation: Confidence had failed in the financial system that the government has regulated for decades. The system needed an infusion of counterfeit money to restore confidence – lots and lots of counterfeit money. This was essential.
What Obama has attempted to do is to wipe a complete economic collapse under the rug and maintain the status quo so that the current elite class in the United States remains in control. The “people” see this ploy and are furious.
Doesn't Bernanke get that people throughout the land are scared out of their financial minds? That the demand for cash is soaring because people have no clue as to what is going to happen next in the economy?
A whole boatload of fools in Washington, on seeing this terrible commodity-driven crisis unfold, with consumer prices shooting the moon, will scream for dollars to be printed—and their rationale will be perfectly reasonable, I can practically hear it
When Ben Bernanke addresses the annual symposium of central bankers in Jackson Hole tomorrow he does so against arguably the most challenging backdrop in his tenure as Federal Reserve chairman. At the end of a week of gloomy reports, Bernanke fac
Aug. 26 (Bloomberg) -- The Federal Reserve Board sought to delay the court-ordered release of documents identifying banks that might have failed without the U.S. government bailout while it considers an appeal to the U.S. Supreme Court. The Fed a
Is the financial system still not strong enough for the market to know the truth? The view seems to be that we're not ready. Thing is, longer-term the markets would probably be better off if they weren't denied this basic information...
None of those preferable conditions currently exist. Hence, US Treasuries are the most over-supplied, over-owned, and over-priced asset in the history of the planet! Once the debt dam breaks, it will send the dollar and bond prices cascading lower...
Bottom line: The St Louis Fed knows Bernake is a mad scientist that has concocted a money control structure with his new "tools" that is likely at some point to blow the entire economic system in a thousand different directions
Buckle your seat belts. This is going to be a very, very wild ride. And make sure you hold long-term gold. This is likely to end with huge inflation.
Well, we sure hope you, ahem, bought the dip. A $17 vertical move in minutes is an appetizer of what will happen when Bernanke says the wrong word at J-Hole (and he most likely will). Quantitative Easing is going to be a be--auch...
Faber said the U.S. federal deficit is likely to continue ballooning under the Obama administration, which could make interest payments on government debt unbearable.
The U.S. appeals court refused to reconsider a ruling that requires the Federal Reserve Board to disclose documents identifying financial firms that might have failed without the largest U.S. government bailout, the one last resort to preserve...
It is instead effectively printing new money to finance ongoing spending for fiscal deficits and the bailout of the GSEs.
Watch the attached clip to see a former Fed director go from comfortable, to fidgety, to stuttering, to thoroughly discredited, to in dire need of diaper change, in under 2 minutes.
That said, we do have a mad scientist at the head of the Fed, Ben Bernanke, who likes new tools when he plays with his money printing machine.
