1 penny = 100,000,000
Obama's picked Jerome Powell, an attorney who was a Treasury undersecretary for Daddy Bush. David Rubinstein is popping champagne. Powell from 1997 through 2005, was a partner at The Carlyle Group, where he founded and led the Industrial Group withi
Earlier this month, Federal Reserve boss Ben Bernanke told senators the cartel has no intention of bailing out European banks. Bernanke told lawmakers that “he doesn’t have the intention or the authority” to bail out countries or banks.
President Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to 2 empty seats on the Federal Reserve's policy-setting board of governors. The White House's pick of candidates, who
This song is my way of poking fun at Federal Reserve chairman Ben Bernanke for his money-printing Keynesian ways. May his wallet become as worthless as the rest of ours when his quantitative easing comes back to haunt us. Music shamelessly inspire
In a partisan face off over how long to extend a payroll tax cut that expires soon and amounts to an extra $40 per biweekly pay period for the average American worker, the White House stirred up some discussion on Twitter by tweeting out: What does #
The US Federal Reserve on Tuesday moved to toughen capital requirements for the country's largest banks, saying their size and stretch could threaten the overall financial system. The Fed said it was preparing to implement new capital and liquidit
...And The U.S. Government Still Has The Power To Issue Debt-Free Money
But not to worry - the dissenters are on their way out, and Bernanke will have more willing pawns in 2012.
December 13, 2011 - Despite the bad news from Sundance Film Festival earlier this month, we have some exciting news to share. We are honored to say two new film festivals have invited us to submit our film to their panel of judges. Anthem Film Fes
American money is a political commodity, backed by nothing except the willingness of collective holders of that money to believe in the American system of wealth production and trade.
Now it's our time to strategically 'non-default' back on them, by quit paying this week! - Occupy Your Home And Regain Financial Independence
I just viewed a BBC documentary titled "RBS — Inside the Bank That Ran Out of Money." The bank ran aground by over-expansion, especially by making a bad acquisition that held tons of bad loans. This acquisition came 5 weeks after the head of RBS stat
I would like to see the end for the illegal fractional reserve banking system that has led us to the current economic predicament that we all as American citizen are faced with. The fraudulent creation of money from the Federal Reserve System and ban
1. The Federal Reserve System constantly decreases the value of our dollar by printing money out of thin air. (inflation) 2. Graph: The value of a $1 Federal Reserve Note in 1913 dollars (the year the Fed was created).
In this press conference on December 1, 2011, Massachusetts Attorney General Martha Coakley announced that the commonwealth had filed a lawsuit against five major banks for engaging in unfair and deceptive practices in foreclosure, Attorney General
Germany (AP) -- The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic, swept in Wednesday to shore up the world financial system by making it easier for banks to borrow American do
Wall Street enjoyed a big jump Wednesday morning, after a coordinated action by central banks around the world to provide more liquidity to the global financial system.
Jefferies economist David Zervos has been one of the most vehement analysts to suggest that the U.S. might want to bail out Europe—or at least do something to end the pain.
Ironically, this is also the time when the Fed will be buying $2.25-$2.75 billion in 2036-2041 bonds. In other words, for the first time ever on Friday the Fed will be literally selling and buying bonds (although selling 4 times more than buying) at
“Remember the great debate we had here over the 700 billion in TARP funds?” he said on the House floor Tuesday. “There was no debate over the 7.7 trillion the Fed gave the banks.”
The world's major central banks acted jointly on Wednesday to provide cheaper dollar liquidity to starved European banks facing a credit crunch as the euro zone's sovereign debt crisis threatened to bring financial disaster. The surprise emergency
The amount of money the central bank parceled out was surprising. The Fed committed $7.77 TRILLION as of March 2009 (2 1/2 years ago) to rescuing the financial system, more than half the value of everything produced in the US that year.
Wow (the Bloomberg girl is too bubbly) but Grant scares me with what he has to say.
Cities hosting events include Atlanta, Boise, Charlotte, Cleveland, Chicago, Dallas, Denver, Detroit, Los Angeles, Miami, Phoenix, New York City, New Orleans, and St. Louis - that I know of. - Ed
The United States is in a morass of political indecision that is hampering our ability to let the right idea bubble to the surface.
As of now, the largest holder of U.S. Government debt is the Federal Reserve System, and I would look for this situation to accelerate rapidly, as the government is going to claim it now can fund its expenditures with "free money."
Krikorian highlights the Bank of North Dakota, which was founded in 1931 and reportedly raked in over $300 million during the last decade, as an exemplary model for Ohio to study.