This is getting a lot of attention, and nobody is really sure what's up.
As if the IMF's trillions in open lending facilities were not enough, we now learn that the world lender of last resort is about to activate a "Special Funding Pool" - Dow Jones explains: "The IMF is expected to soon activate a special funding pool..
At its current rate of collapse, the US Dollar will do this within the next 3-4 months. This means the greenback will break into a new all-time lows by 2H11, which will precipitate the coming inflationary collapse.
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Central banks are shedding dollars [DXC1 75.78 -0.265 (-0.35%) ], reducing their holdings by about $9 billion in previous quarter, according to Nomura Securities’ Jens Nordvig, global head of G10 FX Strategy.
The US ranks near the bottom of developed global economies in terms of financial stability and will stay there unless it addresses its burgeoning debt problems, a new study has found.
Are we being deceived? "It;s my money, and I want it now!" Actually it isn't, for it belongs to the Federal Reserve Bank and their member banks all the time. Since the Federal Reserve has been given the power to issue legaRead Letter
Bill Bonner: None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.
After the Supreme Court refused to hear an appeal of lower-court rulings, the Federal Reserve must release information about its “emergency” bailouts of large banks and financial institutions in 2008 under the guise of saving the financial system.
We’ll enter the final stage of the process, in which the Fed buys ALL the bonds issued by Treasury directly. Or perhaps we’ll simply print the money the government spends, with no borrowing needed. At that point, no sane person will want...
Daily Bell: Let's get an update from one of our favorite hard-money mavens. Where is the world today? Recovering?
The Android app was released in late December and last updated on January 13th, v 1.00 has be downloaded over 1000 times
Last week, the subcommittee which I chair held a hearing on monetary policy and rising prices. Whether we consider food, gasoline, or clothing, the cost of living is increasing significantly. True inflation is defined as an increase in the money supp
What used to be roundly condemned as "creeping inflation" in the 1950s by Fed officials and mainstream economists alike is today given the scientific-sounding name "inflation-targeting" and hailed as the proper goal of monetary policy.
Bill Bonner: Neither. It is in a Great Correction of the credit expansion that began after WWII. This will continue for many years to come and probably lead to enough excess money-printing by the feds to create a hyperinflationary blow-up.
QE is a wholly different method of keeping the tent propped up. It does not repair the hole, but rather attempts to keep the tent inflated by pumping more air in than is escaping through the hole. This is the new money being created and pushed into..
Bloomberg sued the Fed demanding that they reveal the data. The Clearing House (a group of the nation’s largest commercial banks) had invoked a FOIA exemption that covers “trade secrets and commercial or financial information obtained from...
The replacement of gold and silver with debt-based paper money is nothing short of legalized theft by the banking community on behalf and at the behest of the federal government. That's what makes the comments of U.S. Attorney Anne Tompkins so appall
Here is a thought experiment concerning two men who have issued money. One issued gold and silver coins that will today bring more in dollars than he charged for them. The other issued paper notes that are today worth but a fraction the gold or silve
“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism,” U.S. Attorney Anne Tompkins said. “While these forms of anti-government activities do not involve violence, they are every bit as insidiou
"I sincerely regret to inform you that I was found guilty on all four counts regarding the Liberty Dollar in less than an hour on Friday, March 18."
It requires income to service debts, not some trumped up measurement of production. Even using our crooked $14 Trillion current debt number, it is 583% of our nation’s $2.4 trillion annual income:
Central banks and large financial institutions are constantly manipulating the Forex, precious metals and stock markets all over the globe. You see, in today's global economy the "stakes are so high" that the free market cannot be trusted.
The New York Federal Reserve Bank confirmed that it intervened in currency markets on Friday for the first time in more than a decade. The disclosure came a day after the Group of Seven major industrialized nations pledged in a statement to join in a
One "Anonymous" calls for the dawning of "Operation Empire State Rebellion": a "relentless campaign of peaceful resistance" against organizations that participate in the "control" of large populations through pieces of paper and bits of data.
The DXY has just breached the support from 2010 lows. Ben Bernanke's stealth plan to inflate the debt is working. In other news, the dollar is now one lap ahead of everyone in the devaluation race.
The president may be doomed by factors beyond his control. It is a kind of Greek tragedy.
Do you trust men with guns and badges to provide long-term economic growth? Or do you trust the free market?
I could be wrong—hell, most of the time, I’m way wrong. But I do think that today is the day the dollar breaks down.
Japan currently holds about $882 billion in U.S. Treasury bonds and they are likely going to have to liquidate much of that in order to fund the rebuilding of their nation. So needless to say they won’t be accumulating any more U.S. government debt.