Anyone who could gather real resources without expending much time or energy had a huge survival advantage. "Quantitative easing," has, then, a hugely positive emotional valence, as it embraces the two things humans prize most - quantity and ease.
Bank of America's account websites are experiencing an unprecedented online security breach and isn't rectifying the problem. That's right, your online account data and full account access may be in the hands of someone else.
soph·is·try (s f -str ). n. pl. soph·is·tries. 1. Plausible but fallacious argumentation. 2. A plausible but misleading or fallacious argument.
Heightening suspicion on the part of Beter, and others, was the continued refusal by the Treasury to open the facility for inspection by anyone – including members of Congress.
Kevin Warsh, the last real hawk at the Fed, excluding the primadonnas who keep bitching and moaning against QE2 yet continue to vote with the Chairsatan, has announced he will leave the Fed.
That when all is said and done, and there is no incremental vapor and no incremental HFT levitation effect, that the US collapse will be comparable only to that of the Soviet Union. Needless to say, we are confident he is optimistic.
We're spending/injecting $7 to create $1 of "growth" in GDP. And thanks to the ratchet effect, there's no going back now without systemic disruption. Does anyone seriously believe spending $7 to birth $1 of "growth" is sustainable?
Three economics experts were scheduled to testify at the hearing, including Sillinger School of Business economics professor Thomas J. DiLorenzo, Ohio University economics professor Richard Vedder, and Josh Bivens of the Economic Policy Institute.
The greatest scam in history has been exposed -- and has largely been ignored by the media. In fact, it’s still going on. The specifics of a secret taxpayer funded “backdoor bailout” organized by unelected bankers have been revealed. The data rele
Republicans led the opposition, upset over the Fed’s role in bailing out Wall Street firms during the financial crisis. Many economists, academics and supporters in Congress credit Bernanke with helping prevent the Great Recession from turning into a
By some studies, today it requires roughly 6 new debt dollars to create $1 of net GDP growth. This is due to the diminishing return on debt, again a concept that goes alongside debt saturation. As more debt is added to the system...
This is rubber.This the road. This where they meet. Buckle up! Ron Paul exposes the Fed's destructive monetary policy and talks about tomorrow's hearing entitled "Can Monetary Policy Really Create Jobs?" Ron Paul is America's leading voice fo
We've been over the numerous BS excuses that US Dollar destroyer extraordinaire Ben Bernake has made for QE enough times that today I'd rather simply focus on the REAL reason he continues to funnel TRILLIONS of Dollars into Wall Street Banks.
Total systemic debt doubled during the 2000s. Yet economic output only went up 40%. That means that none of the output increase was actually purchased with the fruits of output - it was all bought with debt, and then some.
So the 10 year Bond has gone from 2.33% to 3.7% in less than four months. 30 year mortgage money, no points, has gone from about 4% to just over 5% (no junk fees) in the same time.
For too many years the Federal Reserve Bank(The FED) has operated under the cloaks of anonymity and mis-perception. Most people didn't even think The FED was a subject worthy of consideration much less giving them the proper recognition they deserve
For over a year now, Zero Hedge has been predicting that in its foolhardy attempt of "inflation or bust", the Fed's actions would sooner or later lead to mass rioting and possible revolutions as a result of surging and out of control food prices...
Nassim Taleb, author of “The Black Swan,” said the “first thing” investors should avoid is U.S. Treasuries and the second is the dollar.
Dylan Ratigan says that the Fed is printing money to cover enormous theft by the big banks, and that money printing is leading to food inflation worldwide.
WASHINGTON – Virginia state Delegate Robert G. Marshall has introduced legislation to study whether the Commonwealth should make the preparations now to switch suddenly to an alternative currency in the event of an implosion of the Federal Reserve Sy
Federal Reserve Chairman Ben Bernanke said on Thursday that despite recent signs of improvement in the U.S. economy, the recovery still needs help from the Fed.
Populist lawyer, Gary Fielder, presents “The Gig Is Up: Money, the Federal Reserve and You. Live from Wolfe Hall at The University of Colorado School of Law, on December 4, 2008, Mr. Fielder, a criminal and constitutional lawyer from Denver, Colorado
Yesterday, Kevin Kaiser, sent me a highlight from The Grocer (an industry trade rag) that inflating food prices are making ordinary breakfast items like orange and apple juice a "luxury."
Of all the writings I have published by this Good Man, this one is probably the most important, and at a critical point in time for all of us. BREAK FREE! - Ed.
"The Federal Reserve could debate extending its bond-buying program beyond June if U.S. economic data prove weaker than policymakers expect, Kansas City Fed President Thomas Hoenig said
And get this. "By June [the Fed] will have accumulated some $1,600bn of Treasury securities, likely to be in the vicinity of China and Japan’s combined holdings,” Richard Gilhooly, a strategist at TD Securities, told FT.
Bernanke will drive us all to ruin, pushing ever harder on the gas pedal and repeating, “I must act, I must act, I must act” under his breath in order drown out the cries of, “stop, you’ll kill us” from the 308+ million of us sitting in the backseat.
Unemployment continues to plague our economy. In spite of constant claims we have just turned the corner into recovery, the jobs report remains grim with no real signs of improvement. While Keynesian economists and big government apologists
The New York Branch of the Fed is leveraged more than 80 to 1. Meaning, that a loss of asset value of less than 1.5% would send it into receivership if it were a different kind of institution...The Fed is now in the business of manipulating the...
Congressman Ron Paul and his son, Senator Rand Paul, today introduced companion legislation in both chambers of the United States Congress to require a full and thorough audit of the Federal Reserve. The bills, both titled The Federal Reserve Tra