At next month’s FOMC meeting, Mr. Bernanke will unleash yet another round of quantitative easing. In other words, in order to fund Mr. Obama’s out of control spending, Mr. Bernanke will create even more dollars out of thin air!
What is the most likely cause today of civil unrest? Immigration. Gay Marriage. Abortion. The Results of Election Day. The Mosque at Ground Zero. Nope. Try the Federal Reserve's next policy committee meeting Nov. 3rd.
Institutional investors are essentially left to judge a redneck beauty pageant: which of the three contestants is the least ugly?
Destroying a currency is not like falling off a cliff; gravity does not take hold until the very end. Rather, the currency must be pushed and manhandled all the way up a long steep incline to the cliff's edge and then shoved off.
The Federal Reserve uses euphemistic smoke and mirrors to obscure their operations. With full knowledge the following is not the way the Fed/government describes the system, allow me to offer a different analysis of their mathematical operation.
Two years after the Fed bought billions of dollars in mortgage securities as part of the financial bailout, its New York arm is questioning the paperwork — and pressing banks to buy some of the investments back.
"It's not going to happen in this country," Mr. Geithner said in remarks here. "The United States of America and no country in the world can devalue its way to competitiveness. It's not viable and we will not engage in it."
The Fed directly buying up questionable mortgages from banks is an indirect form of bailing out CRE. Yet in some instances, the Fed has gone ahead and directly taken on the role as owner for places such as a mall in Oklahoma.
“It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity and competitiveness,” he said. “It is not a viable, feasible strategy and we will not engage in it.”
Today, Zimbabwe no longer has its own currency. The country effectively deals in cash only, in foreign currencies. Merchants take whatever they can get– US dollars, euro, South African rand, etc.
It appears either the less than richest Americans need to constantly pull money out of the bank, as they give up yield (and in a Zero Interest Rate environment there is no yield to be given up) in order to pay their bills...
It is Ben's “helicopter money” scenario writ large. The US central bank proposes to use the Federal Reserve notes it creates out of thin air to “buy” the debt of the US government which the Treasury creates out of thin air. This is the last gasp...
Do you understand the difference between lawful money and legal tender? Does the value of Gold increase or does the purchasing power of the Dollar decrease? - Paper vs Gold, Individualism vs Collectivism G. Edward Griffin, Ron Paul, Steven Anderson,
"What Bernanke is saying to Congress is ‘run up the deficits because I'm going to monetize it for you,'" Schiff says. "He is enabling the government to get bigger, which is going to make employment worse, not better. He's throwing gasoline on a fire.
In a very real sense, Bernanke is throwing Granny and Grandpa down the stairs - on purpose. He is literally threatening those at the lower end of the economic strata, along with all who are retired, with starvation and death...
This is the most stunning speech that I am aware of that a central banker has ever given.
The top 1% don’t care because they are hedging with commodities but the bottom 99% are getting raped repeatedly at the rate of 2.5% of their wealth removed each month, just to maintain unemployment at the current crisis levels.
There is another 0.75% decline in the value of the dollar in the last couple of hours, and it is very disorderly. The dollar looks to be headed to 72, historical lows. Bernanke is clearly intending exactly that sort of thing...
Federal Reserve policy makers may want Americans to expect inflation to accelerate in the future so they spend more of their money now. Central bankers, seeking ways to boost flagging growth after lowering interest rates almost to zero and buying $1.
A lot of big money around the world is going to drop the dollar and basically disenfranchise the US economy. This is not just a remark in passing, this means that the US economy goes belly up effectively and the dollar gets completely wiped out...
This is a vote from the commodity market that Bernanke, Congress and you, the American public, will not force the scams and frauds in the banking system that have been festering since 2007 into the open where they can be resolved.
Non-commercial demand for dollars is collapsing in much of the global economy, in part because the Fed is transferring something like three quarters of a trillion dollars annually from individual and corporate savers to the Wall Street banks.
None of them has gone as far, though, as Mr. Paul’s father, Representative Ron Paul, a Texas Republican and libertarian activist who is seeking to abolish the central bank. (His 2009 book, “End the Fed,” is popular in Tea Party circles.) The senior M
Rogers told attendees to the event that the United States has had two central banks prior to the Federal Reserve and that they both disappeared. He said he fully expected the same thing to happen to the Federal Reserve.
China's Xinhua accused the US of being the currency manipulator and threatening the global recovery
The only way to create equity value in housing (of which per some estimates, 25% of all homes (and rapidly rising) are underwater to the underlying mortgage) is to broadly debase the currency. This is now a virtual certainty, and the higher gold...
The only way to create equity value in housing (of which per some estimates, 25% of all homes (and rapidly rising) are underwater to the underlying mortgage) is to broadly debase the currency.
“Besides the sovereignty issue that the Federal Reserve had to deal with, the federal government has no jurisdiction over intrastate commerce. Actually, this is a consequence of American sovereignty – there would be no sovereignty if the federal gov
Doug French, a former banker, went through an analysis of why there are not more bank closures by the FDIC. He explains the most important reason that the FDIC is not closing more banks is that the FDIC has run out of money to close them.
The Federal Reserve spent the past three decades getting inflation low and keeping it there. But as the U.S. economy struggles and flirts with the prospect of deflation