The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. The Federal Reserve was created unconstitutionally, in 1913 by the Federal Reserve Act.
Over time, the Federal Reserve System has greatly expanded and through its due to its power to create money out of nothing has concentrated social, economic and political power into the hands of a select few. Events it has coordinated, such as the Great Depression and numerous booms and busts have led invariably to further increases in the powers of the Federal Reserve.
The Federal Reserve is regarded as a quasi-public banking system, since it has aspects of both a government run system and private enterprise. According to the Federal Reserve, there are presently five different parts of the Federal Reserve System. The Federal Reserve is a foreign corporation whose shareholders are unknown, The Federal Reserve operates in secret and has never been audited.
Pages and Listings are in reverse chronological order:
News Bernanke: Shut down banks if they threaten system
09-02-2010
Marcy Gordon, AP Business Writer
Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.
"If the crisis has a single lesson, it is
Hugo Tellez
News M. Pento: Fed Will Buy Stocks & Real Estate In Attempt To Create Inflation
09-01-2010
ZeroHedge.com
Pento also goes into explaining why housing is facing a "deflationary depression," and a further collapse in pricing, why inflation benefits only those closest to the money, i.e., the banks and the military complex, why it destroys the middle class
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News An Unofficial Translation of Bernanke's Jackson Hole Speech, Part 2
08-28-2010
LewRockwell.com
Translation: We screwed the pooch, 20012007, and we were about to lose the sucker. We all did what Keynes said we should. First, the politicians increased the government deficits on an unprecedented level, Second, central banks counterfeited money..
News An Unofficial Translation of Bernanke's Jackson Hole Speech
08-28-2010
LewRockwell.com
Translation: Confidence had failed in the financial system that the government has regulated for decades. The system needed an infusion of counterfeit money to restore confidence lots and lots of counterfeit money. This was essential.
News The Elites Have Lost The Right to Rule
08-27-2010
ZeroHedge.com
What Obama has attempted to do is to wipe a complete economic collapse under the rug and maintain the status quo so that the current elite class in the United States remains in control. The people see this ploy and are furious.
News The Case for Ben Bernanke as Mad Scientist
08-27-2010
EconomicPolicyJournal.com
Doesn't Bernanke get that people throughout the land are scared out of their financial minds? That the demand for cash is soaring because people have no clue as to what is going to happen next in the economy?
News Hyperinflation, Part II: What It Will Look Like
08-27-2010
ZeroHedge.com
A whole boatload of fools in Washington, on seeing this terrible commodity-driven crisis unfold, with consumer prices shooting the moon, will scream for dollars to be printedand their rationale will be perfectly reasonable, I can practically hear it
News Ben Bernanke under pressure to prop up US economic recovery
08-26-2010
Katie Allen, guardian.co.uk
When Ben Bernanke addresses the annual symposium of central bankers in Jackson Hole tomorrow he does so against arguably the most challenging backdrop in his tenure as Federal Reserve chairman.
At the end of a week of gloomy reports, Bernanke fac
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Hugo Tellez
News Fed Seeks Delay of Bank Data Release While Considering Appeal
08-26-2010
Bob Ivry and David Glovin, Bloomberg
Aug. 26 (Bloomberg) -- The Federal Reserve Board sought to delay the court-ordered release of documents identifying banks that might have failed without the U.S. government bailout while it considers an appeal to the U.S. Supreme Court.
The Fed a
Hugo Tellez
News Federal Reserve Wants To Hide 'Bad Lemon' Banks For Another 90 Days
08-26-2010
Businessinsider.com/
Is the financial system still not strong enough for the market to know the truth? The view seems to be that we're not ready. Thing is, longer-term the markets would probably be better off if they weren't denied this basic information...
News Michael Pento: The Fed's Biggest Bubble - US Treasuries
08-25-2010
Businessinsider.com/
None of those preferable conditions currently exist. Hence, US Treasuries are the most over-supplied, over-owned, and over-priced asset in the history of the planet! Once the debt dam breaks, it will send the dollar and bond prices cascading lower...
News First Indication that the St Louis Fed Knows Bernanke is a Mad Scientist
08-24-2010
EconomicPolicyJournal.com
Bottom line: The St Louis Fed knows Bernake is a mad scientist that has concocted a money control structure with his new "tools" that is likely at some point to blow the entire economic system in a thousand different directions
News Delusional: Why Bernanke Isn't Having a Nervous Breakdown
08-24-2010
EconomicPolicyJournal.com
Buckle your seat belts. This is going to be a very, very wild ride. And make sure you hold long-term gold. This is likely to end with huge inflation.
News Gold Goes Vertical As Goldman Reiterrates Harsh QE Expectations
08-24-2010
ZeroHedge.com
Well, we sure hope you, ahem, bought the dip. A $17 vertical move in minutes is an appetizer of what will happen when Bernanke says the wrong word at J-Hole (and he most likely will). Quantitative Easing is going to be a be--auch...
News Avoid Treasurys Theyve Had a 19-Year Rally: Marc Faber
08-24-2010
CNBC.com
Faber said the U.S. federal deficit is likely to continue ballooning under the Obama administration, which could make interest payments on government debt unbearable.
News Appeals Court Refuses To Review Fed Attempt To Stop Bailout Disclosure
08-23-2010
ZeroHedge.com
The U.S. appeals court refused to reconsider a ruling that requires the Federal Reserve Board to disclose documents identifying financial firms that might have failed without the largest U.S. government bailout, the one last resort to preserve...
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News Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar
08-23-2010
hussmanfunds.com/
It is instead effectively printing new money to finance ongoing spending for fiscal deficits and the bailout of the GSEs.
News Watch Former Fed Governor Fred Mishkin In Dire Need Of A Diaper Change
08-22-2010
ZeroHedge.com
Watch the attached clip to see a former Fed director go from comfortable, to fidgety, to stuttering, to thoroughly discredited, to in dire need of diaper change, in under 2 minutes.
News The Phony Inflation-Deflation Debate
08-20-2010
EconomicPolicyJournal.com
That said, we do have a mad scientist at the head of the Fed, Ben Bernanke, who likes new tools when he plays with his money printing machine.
News It Looks Like U.S. Government Bonds Aren't Supported By China Anymore
08-20-2010
Businessinsider.com/
This makes the U.S. government bond rally, or bubble depending on your view, even more peculiar. You can't blame it on China propping the market with its standard dollar-recycling activities anymore, it seems.
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News Philly Fed Plunges to -7.7: Let's Look At The Ugly Numbers
08-19-2010
Businessinsider.com/ & ZeroHedge.com
Philly Fed comes in at -7.7, trouncing expectations of 7.0, and is the lowest number since August 2009, and first contraction since July 2009. Was the number even in the range of bearish expectations?
Headlines: Philly Fed Plunges to -7.7: Let's Look At The Ugly Numbers -- It Looks Like U.S. Government Bonds Aren't Supported By China Anymore -- The Phony Inflation-Deflation Debate -- Watch Former Fed Governor Fred Mishkin In Dire Need Of A Diaper Change -- Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar
-- Appeals Court Refuses To Review Fed Attempt To Stop Bailout Disclosure -- Avoid Treasurys Theyve Had a 19-Year Rally: Marc Faber -- Gold Goes Vertical As Goldman Reiterrates Harsh QE Expectations -- Delusional: Why Bernanke Isn't Having a Nervous Breakdown -- First Indication that the St Louis Fed Knows Bernanke is a Mad Scientist -- Michael Pento: The Fed's Biggest Bubble - US Treasuries -- Federal Reserve Wants To Hide 'Bad Lemon' Banks For Another 90 Days -- Fed Seeks Delay of Bank Data Release While Considering Appeal -- Ben Bernanke under pressure to prop up US economic recovery -- Hyperinflation, Part II: What It Will Look Like -- The Case for Ben Bernanke as Mad Scientist -- The Elites Have Lost The Right to Rule -- An Unofficial Translation of Bernanke's Jackson Hole Speech -- An Unofficial Translation of Bernanke's Jackson Hole Speech, Part 2
-- M. Pento: Fed Will Buy Stocks & Real Estate In Attempt To Create Inflation -- Bernanke: Shut down banks if they threaten system --