Stocks took off at the end of the week, drawn by the allure of a helping hand from the world's two most powerful central banks. The US Federal Reserve and the European Central Bank meet to stimulate economic growth and, in the case of the ECB, tackl
Representative Ron Paul is now closer than ever to getting something he's wanted since he was first elected to Congress, a full audit of the Federal Reserve. The Federal Reserve Transparency Act sailed through the House of Representatives by a vote
don't worry audit the will only eats the resources, and conclusion is obvious, so what!. GLASS-STEAGALL will kill them all at once.Read Letter
Dennis Kucinich in support of HR 459
Video - Ron Paul on Fox Business re: Audit the Fed 7/24/12
Fed Leaning Closer to New Stimulus if No Growth Is Seen
The bill passed 327 to 98; all but one Republican and 89 Democrats voted yes. The bill will be considered under the suspension of normal House rules, meaning it required at least a two-thirds majority to pass.
Obviously, [Bernanke] was lying or mistaken in the immediately preceding statement about "little effect on" money supply, since M1 was already up to 1,767.2 or by 25% in 2 years when he wrote as a result of his first bailout
Supporters of Rep. Ron Paul and sound monetary policy rejoiced online as they heard of the passage of H.R. 456, the Federal Transparency Act, on Wednesday. Their joy, however, was short-lived as within an hour of the bill passing word spread from the
Intentional distortions of one of the world's most important financial benchmarks has sparked a worldwide scandal.
Ben Bernanke is at it again. It appears the Fed Chairman is preparing for a third round of bond purchases (quantitative easing or QE3) that will further inflate the U.S. Dollar. Reuters reports Bernanke told the Senate Banking Committee during the se
It’s been rather quiet on the Ron Paul front, but the presidential candidate recently questioned Federal Reserve Chairmen Ben Bernanke on monetary policy, one of the Libertarian’s favorite themes.
The House of Representatives is expected to vote on Tuesday on a bill that would allow for a congressional audit of Federal Reserve monetary policy decisions, a senior House aide said on Friday. The legislation proposed by Republican Representativ
Omnipotent Government by Andrew Napolitano / Ron Paul's Parthian Shot / The LIBOR Bank Scandal / John Galt Day / The Secret Constitution / The US Retail Collapse Accelerates / Global Gun Grab in Progress / One Scam After Another by Bill Bonner
Central bankers and regulators will hold talks in September on whether the troubled global Libor interest rate can be reformed or whether it is so damaged that the benchmark of borrowing costs should be scrapped.
Ben Bernanke was back on the hill today, in his second day of testimony before members of Congress for his Semi-Annual Report. He has slowly started to change his tune over the course of recent appearances.
The last Ron Paul vs Bernanke in committee.
Federal Reserve Chairman Ben S. Bernanke told lawmakers Tuesday that the central bank did all it was required to do after learning in 2008 of the manipulation of the Libor interest rate, including notifying counterparts in Britain. But Bank of
Free markets are not to be blamed for the Great Recession. On the contrary, its origins rest upon the deep government and central bank intervention in the economy. Through fraudulent mechanisms, this causes recurrent boom and bust cycles: bad policie
One of the world's major central banking institutions has now admitted that the impact of monetary manipulation has pushed up American equity markets, the biggest in the world, by about 50 percent for at least the past ten years.
Visa, MasterCard and several of the nation’s largest banks have agreed to pay as much as $7.25 billion to settle retailers’ complaints over the fees they are charged each time a customer swipes a credit or debit card, according to court documents fil
When Timothy Geithner ran the Federal Reserve Bank of New York, he became aware of problems with the process for setting key interest rates in the midst of the 2008 financial crisis. Mr. Geithner, who is now the Treasury Secretary,
Three top Federal Reserve policymakers on Monday laid the groundwork for a third round of bond purchases, saying the U.S. recovery was weak and unemployment far too high.
The Federal Reserve Bank of New York said Tuesday it had received word as early as 2007 from the British bank Barclays about problems with the benchmark interest rate that underpins much of global lending. Barclays has admitted to rigging Libor, a
Fractional reserve banking is the practice by which banks accept deposits but only keep a fraction of those deposits on hand at any time. In practice, nearly 100% of deposits are loaned out, yet depositors believe they can withdraw the full amount of
Regulators took another step toward ending the era of "too big to fail" Tuesday, releasing so-called living wills, guidelines for unwinding nine of the largest banks doing business in the United States.
A recent U.S. Federal Reserve study found that in states requiring a judicial review for foreclosure, delays associated with the process had no measurable long-term benefits and often prolonged the problems with the housing market.
House Oversight and Government Reform Committee, Noncosponsors The House Oversight and Government Reform Committee will hold a markup on Audit the Fed, H.R. 459, possibly even as soon as next week! The following members of the committee have y
The Federal Reserve is trying again to jolt the American economy out of its stalled recovery. It's extending a program that aims to encourage borrowing and spending by reducing long-term interest rates.
The U.S. central bank will most likely ease monetary policy when it meets this week as recent data point to a worsening labor market and the crisis in Europe intensifies, Goldman Sachs said.