The authorities have grossly underestimated the severity of the housing crisis and are still refusing to confront some of its key elements, such as the broken servicing model and chain of title problems.
Foreign exchange controls will almost certainly attempt to keep you and your wealth under US government control, to be plundered. You must go international to diversify away from this mounting political risk.
As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time high of $1,594 an ounce, lifting silver to $39 in it
Federal Reserve Chairman Ben Bernanke warned on Thursday that overzealous cuts to government spending in the short term could derail a shaky recovery and said a debt default could wreak financial havoc. "I only ask ... as Congress looks at the tim
First he was asked by Ron Paul whether he thinks gold is money: He said "no."
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round...
When it comes between screwing the taxpayer vs. triggering a systemic implosion that will destroy the banking oligarchs, the Fed has taken option #1 every time. They’ve already done it to the tune of $4 trillion (at the bare minimum).
Beleaguered consumers and investors are awakening to the fact that government-issued currencies do not hold their value. Currency is sound only when it is recognized and accepted as such by individuals, through the actions of the market, without coer
If the Great Depression teaches us anything, it is that government spending does not create wealth and does not create economic growth. Both Presidents Herbert Hoover and Franklin Roosevelt followed the recommendation of John Maynard Keynes, a very
Ron Paul wants to audit the Federal Reserve, and then to end it. His book End the Fed explains why. Many readers of Freedoms Phoenix are familiar with Dr. Paul's and Dr. Murray Rothbard's works on monetary policy...
If the Fed stops QE, confidence in the US dollar would rise. Money would flow into US investments, both supporting the US stock market and helping to finance the large US budget deficit.
The Treasury will not only have to issue as much debt as before, but it will have to issue massively more in the short term to catch up to the ongoing run rate, and also in order to prefund the same retirement accounts it has been plundering...
The black swans can be organized into groups. They are numerous within each important economic and financial camp. The Armada of Black Swans, well organized into regiments, has become dominant enough to be considered the New Normal.
The problem we’re experiencing now is that the system is imploding. It’s a slow motion implosion.
Can you imagine a government employee embedded in your business? And as far as the comparison with military embeds, this is completely wrong. The military embeds journalists to keep an eye on them so that they don't wander off on their own.
Chairman of the Fed, Ben Bernanke expects us to believe that our mind power controls the way inflation fluctuates. A recent article in the Freeman Online Bernanke quoted Bernanke saying: “The state of inflation expectations [by the people] greatly
Washington policymakers are doing everything they can to forestall rational economic adjustments. The Federal Reserve has conducted two rounds of quantitative easing in an effort to get consumers to start spending the wealth effects of...
Short of the Fed simply buying trillions of dollars in stocks outright, then it looks like this "recovery" rally is about to have a Wiley E. Coyote moment, as it has raced off the solid ground provided by the Fed's QE2 injections and is now poised...
Blames bankers for impoverishing millions
In other words, QE2 appears to have been taken advantage of by the Chinese and other foreigners to dump some Treasury securities, rather QE2 being a bailout of the PIIGs and it had little to do with the U.S.).
There is an amazing disconnect between the two enablers of the Washington D.C. oligarchy. One of these enablers is the Federal Reserve Bank of the United States, which just published their latest Beige Book.
A breakdown of the cash ‘hoarding’ by bank origin further reinforces the point, for here we find that much of the extraordinary rise in precautionary cash holding has been undertaken by foreign, not domestic, banks.
Our own money management team here in the USA is in a box even worse than Europe's. It's not even a hall of mirrors. It's a broke-down Winnebago with moldy upholstery and the propane line is leaking inside. Everybody's wondering if Ben Bernanke...
Rogers said he believed U.S. should have been downgraded years ago, and Fitch was dillydallying, saying "The rating agencies have gotten it wrong for 10-15 years now. America is bankrupt. What are they talking about?"
Courtesy of the recently declassified Fed discount window documents, we now know that the biggest beneficiaries of the Fed's generosity during the peak of the credit crisis were foreign banks, among which Belgium's Dexia was the most troubled...
In an interview with CNBC on Saturday, the head of Roubini Global Economics said the probability of QE3 will become “significantly higher” if U.S. economic weakness persists and the stock markets correct 10 percent or more.
*''Hillary Clinton wants the job,'' source says *Timing of move would be 2012 when Zoellick's term ends *Clinton would be first woman head of World Bank By Lesley Wroughton WASHINGTON (Reuters) - U.S. Secretary of State Hillary Clinton ha
Legal tender does NOT make it "lawful money" A dollar "bill" or reserve "note" is just an elaborate IOU and a legal contract which they do not seem to want to honor.
US Secretary of State Hillary Clinton has been in discussions with the White House about leaving her job next year to become head of the World Bank, sources familiar with the discussions said on Thursday.
AIG is about to do for EU banks what the ECB so far has been unwilling and/or unable: namely to transfer the risk associated with European banks' massive ongoing exposure to the continuously collapsing US housing market back to the US taxpayers...