Wow.. this is HUGE news.RON PAUL is the ranking republican for the United States House Financial Services Subcommittee on Domestic Monetary Policy and Technology. This is the Subcommittee that overseas the Federal Reserve. THIS IS A MAJOR ISSUE. The
I fully believe we’re in the endgame for the US monetary system. It may take several years for it to play out, but we’re officially “Done.” We’re either going to default on our debts or experience hyperinflation, either of which will involve the Doll
In the year 2010, "QE 2" doesn't refer to a sumptuous ocean liner, but a second, more extravagant round of "quantitative easing" — stimulus. In the past, this technique was simply called "printing money."
"I believe that banking institutions are more dangerous to our liberties than standing armies...The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs." - Thomas Jefferson
A beggar-thy-neighbor monetary policy works for small countries getting out of a hole of their own making: It doesn’t work for the world’s largest single economy with the world’s reserve currency, in the middle of a Global Depression.
Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion.
Since Bernanke's comments in August, the dollar index has dropped 7%, while commodities -- which are priced in dollars -- have surged. Crude oil has jumped 14%, while gold has spiked 8%. Prices for cotton, corn, sugar, wheat...
How many bailouts does it take to get to the center of a hyperinflationary collapse? Three? Or maybe just one continuous undefined fiat injection…
The New York Fed has issued a survey to Primary Dealers, which asks for suggestions on the size of QE2 as well as the time over which it would be completed.
On its face, viewing the government’s official numbers, the uninformed observer would assume that inflation really is under control, and that the immediate threat, as touted by mainstream economist is deflation.
Market expectations have centered around an initial commitment to buy at least $500 billion in Treasury debt over five months in an effort to spur lending and support an economic recovery that is too weak to tame high unemployment.
Last week Mr. Williams provided additional details on the global elite agenda to destroy the U.S. economy and usher America into the bondage of serfdom.
The acts are arguably criminal fraud. And in the case of the zombie banks, the GSEs and the MIs, the fraud is being actively concealed by Congress, the White House and agencies of the U.S. government led by the FED. Is this not tyranny?
Chris Whalen's latest Institutional Risk Analytics is a must read letter as it highlights yet another aspect of foreclosure fraud, one which finds various analogues in the way the MBS originating banks took advantage of AIG, knowing full well...
There is no need – as with Charles Ponzi – to find an increasing amount of future gullibles, they will just write the check themselves. I ask you: Has there ever been a Ponzi scheme so brazen? There has not.
Fed Policies Are a Horror Show For US Economy: Grantham - Fund manager Jeremy Grantham, long a Federal Reserve critic, issued a blistering attack on Fed policies Wednesday, likening its strategy of low interest rates and monetary easing to a Hallowee
Mr. Bernanke has used the analogy of a golfer with a new putter: Unsure how it will work, he finds best strategy is to tap lightly at first and keep tapping until the golfer figures out how best to use the putter.
China has once again gone on the offensive, this time via its commerce minister who earlier today said that dollar issuance in the U.S. is "out of control" which in turn is leading to an inflation assault on China.
A group of pretty much every bank you can name just asked the Supreme Court to withold documents that detail emergency cash injections they received from the government at the end of '08, Bloomberg reports.
Those loan frauds occurred because the banks created incentive structure for the loan brokers to bring them the absolute worst of the worst loans, and to lie on the application forms... These frauds came from the banks, and they propagated...
Bill Black was scathing in his comments on the Fed, banks, mortgage backed securities, and the massive levels of fraud that created Foreclosure-Gate. He left no doubt that Ben Bernanke knew of the fraud and led the coverup...
Our society did not "take steps" to hand out liar loans and other similar frauds. Homeowners and society as a whole did not design these schemes that were nothing more than asset-stripping frauds. The banks did this...
A year ago it was deemed too cheap, if it goes any lower than that it's actually become toxic waste."
U.S. banking regulators are reviewing foreclosure practices at large financial institutions and will publish a report on the issue next month, Federal Reserve Chairman Ben Bernanke said on Monday.
All you can do, America, is bend over and a find a stick for your teeth. This one's going to hurt. A lot.
The Fed will not stop until it prints nearly ten trillion in incremental money beginning on November 3. That's almost more than M1 and M2 combined. (You do realize that Obama will be out of the country when this hits.)
Rick Ackerman gives a very good account of what will happen to prices when Quantitative Easing version 2.0 hits the street in 10 days, potatoes, not houses will skyrocket in price. The word sudden was mentioned more than once.
The Federal Reserve’s push toward easier monetary policy is the “wrong way” to stimulate growth and may amount to a manipulation of the dollar, German Economy Minister Rainer Bruederle said.
The volume of US debt that will roll over in the next two years is simply staggering (Never mind the new debt). Nomura's Rates Radar Weekly shows the vertical ascent that is about to take place. Bernanke needs to depreciate the value of...
The overwhelming number of current FOMC members are likely to vote in favor of QE2. Any talk, that suggests that there are not enough votes for QE2, should be considered uninformed.