http://RTR.org | Immediately following the announcement of the S&P downgrade, defiant Chicagoans took the the streets and demanded the arrest of the Bankers and an the end of the Federal Reserve system. This was never covered on any news outlet.
Watch Charles Goyette with Judge Napolitano on FREEDOM WATCH! The 40th Anniversary of the End of the Dollar/Gold Linkage!
“Don’t get discouraged by silver not doing as well as gold the last couple of trading days, it is building a base for a breakout above $42. Once that occurs….”
“Dollar bills: we look at them every day, yet how many of us truly pay attention to anything besides the denomination value? The fact is, numerous symbols adorn our currency and there has been intense debate over the decades of their meaning.”
He must have known that there was soon to be a very big sucking noise from Europe. One that would require the USA to lend Europe some very big bucks.
Federal Reserve Chairman Ben S. Bernanke signaled he may expand record monetary stimulus over the most opposition of his tenure to revive the faltering recovery and reduce unemployment stuck around 9 percent.
I have never seen such bearish language used out of the Fed. Words or phrases like inflation “moderated”, indicators suggest “deterioration”, spending has “flattened out”, growth is “considerably” lower and “downside” risks...
So we are left with a massive amount of debt, a massive amount of capital and labour that is unprofitable in the world we face, and a balance sheet of insufficient resources to keep the illusion alive.
The bond market is telling you that there will be no material economic growth for the next two years and that a deflationary depression is the economic path that will be followed.
U.S. stocks staged the biggest rally of the year, rebounding from a rout that wiped out $1 trillion yesterday, and Treasuries fell amid speculation the Federal Reserve may signal plans to safeguard the economic recovery. Oil rose from a 10-month low.
On June 22nd Xander and I decided to hold a last minute End The Fed rally on Wall St. When we got there about 40 police were waiting for us.
Every country can’t devalue their currency simultaneously without blowing up the entire worldwide monetary system. But, it appears they are going to try. The United States will never actually default on its debts. Bernanke will attempt to default...
Former Federal Reserve Chairman, Alan Greenspan, appeared on MSNBC's Meet the Press where he made a shockingly blatant statement that is sure to make its way around the 'Net at lightning speed.
That's a liquidity trap: those with cash and the ability to borrow have no desire to either spend or invest in new employees or business assets. Their cash (liquidity) is "trapped" in the sense they have no desire or need to spend it or invest it.
After being down 634 points today the DOW futures are down 264 more overnight at this point, or approximately 900 points in less than 24 hours.
Which is why we wonder, should the ongoing rout accelerate, to an extent driven by the decimation in the Korean Kospi, down -9.5% at last check, but also due to increasing worries the Fed may not announce QE3 tomorrow...
Former Fed Chair Alan Greenspan ruled out the chance of a US default following S&P's decision to downgrade America's credit rating. "The United States can pay any debt it has because we can always print money to do that. So there is zero probability
An announcement by the Fed of yet a third QE stimulus package is a certainty. If the market reaction is especially negative this week, an announcement could even be made before this month is out.
Here, we have the YouTube debut of the strawgirl, who marries the strawman and together they give birth to strawbabies…it’s a whole fictional family! How charming!
Why doesn't Bernanke just go for it. QE3 = buy PIIGS bond. Some stealth form of this will likley occur, probably using the IMF as a cover.
Benny is flooding the world with eurodollars. And like domestic bank reserves, it really is not showing up in the more immediate money supply figures, but is being held off shore in vaults.
I guess it should be obvious that we're watching an unfolding bloodbath here (even Goldman lost almost 20% in 6 months).
Monetary scholar Edwin Vieira ... pointed out that every 30 to 40 years the reigning monetary system fails and has to be retooled. The last time around for the U.S. was in 1971, when Nixon cancelled the convertibility of dollars into gold.
Lawfully speaking, a dollar is still 371 grains of fine silver.
So unless something radical happens (a government subsidy aimed directly at housing, for instance), the next leg down in prices should be epic.
Plenty of money printing, and therefore money supply growth, but little of it is from organic expansion. Printing money in low growth environments creates asset bubbles and a top down wealth effect for the upper crust. It also facilitates...
Short animation arguing for re-introduction of gold as money because of its independence. Written and narrated by Dominic Frisby. Animated by Pola Gruszka. Sponsored by Gold Resource Corporation.
"in the period between December 2007 and July 2010, the Fed parcelled out $US 16.1 Trillion in emergency loans to financial entities all over the world. Almost half of this - a total of $US 7.75 Trillion - was loaned to four US banks.
Whenever a pundit scoffs at the idea that the dollar might lose 95% of its value, readers remind me it already has lost 95% of its value in the past century.
In the past two weeks, one of the curious development in monetary aggregates, in addition to a spike in the Adjusted Monetary Base, was the $88.7 billion surge in the M2 for the week ended July 4, the third largest jump...