Keyword: federalreserve

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  • Turkey's Erdogan lashes out as lira tumbles

    12/13/2014 6:10:44 AM PST · by SunkenCiv · 14 replies
    Whirled Nut Daily ^ | December 12, 2014 | Daniel Dombey
    ...its lowest levels against the dollar for almost a year, amid investor nervousness about emerging markets. By evening trade in Istanbul the currency had fallen beyond TL2.30 to the US dollar, more than 1 per cent down on the day and the weakest level since January, when the Turkish central bank moved to increase interest rates -- a dramatic shift in policy that at the time halted a precipitous drop in its value. ...Turkey is far from alone in being affected by strong US economic data that has heightened expectations of a US Federal Reserve interest rate rise and so...
  • Will the US give the Dutch their gold back?

    12/02/2014 3:09:07 PM PST · by george76 · 23 replies
    CNBC ^ | 28 Nov 2014 | Matt Clinch
    As the Dutch central bank looks to repatriate some of its gold reserves back from the New York Federal Reserve, Dennis Gartman, the editor and publisher of The Gartman Letter, has questioned what reputational damage this could cause for the U.S. The Dutch central bank last week confirmed that it was shipping gold from the U.S. to the Netherlands to "spread its gold stock in a more balanced way", adding that it would have a "positive effect on public confidence". It comes after the Germans made a similar move in 2013, indicating that it would transfer 300 tons from New...
  • The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives

    12/01/2014 12:03:43 PM PST · by SeekAndFind · 16 replies
    TEC ^ | 12/01/2014 | Michael Snyder
    From the dawn of history, elites have always attempted to enslave humanity.  Yes, there have certainly been times when those in power have slaughtered vast numbers of people, but normally those in power find it much more beneficial to profit from the labor of those that they are able to subjugate.  If you are forced to build a pyramid, or pay a third of your crops in tribute, or hand over nearly half of your paycheck in taxes, that enriches those in power at your expense.  You become a “human resource” that is being exploited to serve the interests of...
  • Federal Reserve Confirms Biggest Foreign Gold Withdrawal In Over Ten Years

    11/29/2014 11:42:43 AM PST · by blam · 45 replies
    Zero Hedge ^ | 11-29-2014 | Tyler Durden
    Tyler Durden11/29/2014 A week ago, when we reported that in a stunning move, the "Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed", and when looking at the NY Fed's monthly reports of gold deposits by foreign entities, we observed that "we can see that while the 5 tons outflow in 2013 was most likely Germany, the recent surge in gold repatriation from Liberty 33 was the Netherlands. That said, only 77.5 tons of NY deposits gold has been officially repatriated through September, which means the October update, when it comes out, will be a...
  • Dodd-Frank Still Stalling Economy

    11/16/2014 7:52:14 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | November 16, 2014 | Bruce Bialosky
    If there ever was a doubt that Dodd-Frank had unintended consequences the announcement that Ben Bernanke was unable to refinance his home clenched that argument for good. We know Mr. Bernanke recently lost his job as Chairman of the Federal Reserve, but we can rest assured he is capable of getting another high paying position. If Bernanke has a problem refinancing than what will face Joan Miller is Elmira, New York?We recently discussed the state of the market with Richard Koevary. Koevary is President of Blue Sky Mortgage, Inc. in Arizona where he has been a licensed mortgage broker for...
  • Why a leading financial analyst believes we will see the 'final destruction' of the dollar

    11/12/2014 8:19:51 AM PST · by fredericbastiat1 · 4 replies
    TheBlaze Books ^ | 2014-11-12 | Benjamin Weingarten
    "[If] the monetary authorities are intent on depreciating the currency, then I think that in the fullness of time they will succeed all too well. The important thing about QE [quantitative easing] is this idea, this radical precedent is now on the books the virus as it were is in the monetary bloodstream. ...all of this isin the books as precedent, and the monetarists and Keynesians are rather preening about the evident success of these interventions, and we can be sure I think that they will not forebear to do more still next time. There will come a time...
  • The Democrats Lost Big Tonight. Why Obama Should Double Down

    11/05/2014 9:45:47 PM PST · by 2ndDivisionVet · 51 replies
    The Nation ^ | November 4, 2014 | Katrina vanden Heuvel, editor & publisher
    If I were advising the White House right now, I would encourage President Obama to take advantage of the end of this year's election cycle—the next fifty or so days—to immediately try to change the subject, in a big way. The Obama administration should act right away to use its executive powers to take steps to deal with long-ignored issues that need to be dealt with for the good of the nation. This cannot be done quietly. To change the media narrative, issues acted upon will have to be controversial enough to dominate the news. President Obama should embrace good...
  • The Rally Surges Back, But There's Trouble Ahead

    11/02/2014 12:00:24 PM PST · by Wuli · 9 replies
    Money Morning ^ | November 2, 2014 | Michael E. Lewitt
    The week was dominated by news by central banks as the Federal Reserve ended QE and the Bank of Japan pushed its QE program to new heights. The result was another rally in stocks around the globe that made the mini-correction earlier this month seem like a dream (or a nightmare). The question is what happens next, and all indications are that markets will continue to ride the wave of central bank liquidity as far as it takes them. Markets were also boosted by a strong initial third quarter U.S. GDP report showing the economy grew at 3.5% and strong...
  • Dollarpocalypse Now

    10/31/2014 5:33:11 PM PDT · by Sean_Anthony · 13 replies
    Canada Free Press ^ | 10/31/14 | Anthony J. Tarquinto
    Federal Reserve is losing control. They cannot keep interest rates low forever. Nobody can. And when rates rise, the results will be devastating In the 1979 film Apocalypse Now, Colonel Walter E. Kurtz (played by Marlon Brando) utters, the horror, the horror, on his deathbed. He might as well have been talking about the U.S. dollar. Central banks maintain a nations currency. As the worlds largest central bank, the United States Federal Reserve, or Fed, sets the rate of interest in worldwide lending. It also has major influence on monetary policy. For instance, the Feds $85 billion per month in...
  • Please, Janet Yellen, Shut Up

    10/18/2014 6:37:05 AM PDT · by Kaslin · 23 replies
    Townhall.com ^ | October 18, 2014 | John Ransom
    Its long past time to end the Fed as it is currently constructed. And it was only a matter of time before an Obama appointee put an exclamation on the point. Its what Obama appointees are best at. Yellen stepped out of her role as Master of the Stock Market to expound on taxation and public education.Yellen points out that poor school districts sometimes arent funded as well as rich one are because the United States relies on local control of education. Its what she calls subnational taxation. Her implied proposal is that it would be much better if the...
  • 1913 Was a Very Bad Year ( from way back )

    01/19/2012 7:58:40 PM PST · by george76 · 39 replies · 1+ views
    American Thinker ^ | August 8, 2010 | J.B. Williams
    Prior to 1913, there was no federal income tax. The states had rights and representation in Washington, D.C., there was no Federal Reserve Bank, and the federal government lived under the enumerated powers afforded within the U.S. Constitution. What a difference one year can make... ... Passage of the 16th Amendment to the Constitution would forever change life in America, and not for the better. ... Further, thanks to the 17th Amendment, also passed in 1913, the states no longer have representation in Washington, D.C. Once again, what seemed like a simple sentence and a good idea to some at...
  • Fed report: IRS bungles hunt for unpaid taxes

    09/29/2014 9:14:07 PM PDT · by Olog-hai · 20 replies
    Associated Press ^ | Sep 29, 2014 5:31 PM EDT | Alan Fram
    The IRS failed to take all required steps for collecting unpaid taxes from people it cant locate in over half the cases that investigators studied, potentially costing the government a pile of lost revenue, according to a federal report released Monday. The study does not estimate exactly how much money the IRS might collect if its workers were conducting all the research they are supposed to perform to find the taxpayers. The investigators wrote that in 2012, the IRS declared $6.7 billion in unpaid taxes to be uncollectableinvolving nearly 483,000 tax returnsbecause it couldnt find the taxpayers. Of that total,...
  • Smoking Gun Evidence That The New York Fed Serves The Interests Of Goldman Sachs

    09/29/2014 2:03:59 PM PDT · by SeekAndFind · 30 replies
    TEC ^ | 09/28 | Michael Snyder
    For years, many people have suspected that the New York Fed is more or less controlled by the "too big to fail" banks. Well, now we have smoking gun evidence that this is indeed the case. A very brave lawyer named Carmen Segarra made a series of audio recordings while she was working for the New York Fed. The 46 hours of meetings and conversations that she recorded are being called "the Ray Rice video for the financial sector" because of the explosive content that they contain. What these recordings reveal are regulators that are deeply afraid to do anything...
  • Dallas Fed Reserve Pres: Fed Govt Should Get Their Act Together and Be More Like Texas

    09/29/2014 3:05:27 AM PDT · by Olog-hai · 4 replies
    Fox News Insider ^ | Sep, 28, 2014 1:31 pm
    Despite struggling with the ongoing border crisis, Texas is the number three state in terms of job growth, creating more than 20,000 jobs in August alone, with an unemployment rate of just 5.3%. So, what is Texas doing right? [] (President and CEO of the Federal Reserve Bank of Dallas, Richard) Fisher explained that Texas is way ahead of much of the nation economically largely due to its highly diversified economy, pro-business government and lack of income tax.
  • An Idiotic Government with Idiotic Goals

    09/18/2014 7:42:08 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | September 18, 2014 | John Ransom
    For folks who are trying to ignite inflation, this sure isnt working out very well. Its been hoped by the countrys central bankers that the massive quantitative easing program along with near-zero interest rates will touch off a wave of inflation that if not exactly the same thing as boom times, will at least give the appearance of a strengthening economy. However, month after month inflation in the goods that the Fed cares about seems muted. Now this month we had the horrid news that official inflation numbers are falling not rising.
  • Fed Chair Yellens assets up 8 percent during 2013

    08/28/2014 11:29:57 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Aug 28, 2014 4:25 PM EDT | Martin Crutsinger
    Federal Reserve Chair Janet Yellens assets rose in value by at least 8 percent during 2013, raising their total to between $5.3 million and $14.1 million, according to her latest financial disclosure released Thursday. Yellens biggest asset is a trust fund she set up in 1992 with her husband, George Akerlof, a Nobel Prize-winning economist. The value of the trust fund is estimated at between $1 million and $5 million. Yellens assets have likely been driven up in value by a rebounding economy and a rising stock market. In 2012, her disclosure form estimated her assets at between $4 million...
  • Two experts warn correction could total 60%

    08/27/2014 5:07:06 PM PDT · by SkyPilot · 93 replies
    CNBC ^ | 27 Aug 14 | Matthew J. Belvedere and Everett Rosenfeld
    <p>Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday.</p> <p>A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline, David Tice, president of Tice Capital and founder of the Prudent Bear Fund, told CNBC's "Power Lunch." When this happens, he said, markets will face a "period of extreme turmoil."</p>
  • Survey: Economists say Fed is on the right track

    08/24/2014 11:50:29 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Aug 25, 2014 12:39 AM EDT | Ken Sweet
    A majority of economists believe the Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the National Association of Business Economists. The survey also showed that a vast majority of economists believe the U.S. economy is at little risk of inflation in the coming years. In the associations semiannual survey, 53 percent of economists said the Feds stimulus programs were on the right track for the U.S. economy while 39 percent thought the Fed was doing too much.
  • Fed Chief Sees Not Enough Data to Raise Rates

    08/23/2014 8:16:28 AM PDT · by John S Mosby · 4 replies
    nytimes ^ | August 22,2014 | Binyamin Appelbaum
    ".......Ms. Yellen broke little new ground in her speech. She reiterated the Feds basic guidance after its July meeting that holding short-term interest rates near zero remains necessary and useful to increase employment. She said the gap between current conditions and a return to full health was still significant...... .......... A small group of demonstrators made the trek to the remote resort hotel in the middle of Grand Teton National Park to urge Fed officials to continue the stimulus campaign. They formed a receiving line for policy makers in the lobby outside the conference, dressed in green T-shirts emblazoned: What...
  • What Margaret Thatcher Missed: Why you can never "run out of other people's money" to spend

    07/28/2014 6:56:49 AM PDT · by SeekAndFind · 23 replies
    American Thinker ^ | 07/28/2014 | James Longstreet
    The Iron Maiden." She was the staunch and sturdy leader of Great Britain who once held up F. A. Hayeks masterwork Road to Serfdom and declared This is what we believe in. Hayeks work is a road map for what could go wrong when individual freedoms are lost and central planning becomes the answer for every ill. When truth is bent to meet the moment and government decision making is the proposed cure all, serfdom is the destination. Margaret, in believing Hayeks cautionary, also declared that Socialism cannot sustain itself. Socialism can not last because eventually you run out of...
  • Big Insurance was supposed to be "punished" by Obamacare; Big Insurance was behind it all the time

    07/24/2014 4:18:12 PM PDT · by CharlesOConnell · 17 replies
    American Chesterton Society Blog ^ | 2-20-2012 | Dale Ahlquist
    G.K. Chesterton’s Prophetic Look at National Health Care Dale Ahlquist | 2-20-2012 | American Chesterton Society Blogweb.archive.org/web/20130811135205/http://www.chesterton.org/2012/02/a-prophetic-look-at-national-health-care-2/G.K. Chesterton considered himself a member of the Liberal Party until 1912. As he would later say, he did not leave the Liberal Party. It left him. He believed in something called liberty, the idea that people should be able to make most decisions for themselves, especially the most basic and most important decisions, and not have such decisions made for them by anyone else, especially by the government. He believed, as a liberal, that the State’s role was to preserve liberty, not take...
  • The weird obsession that's ruining the GOP: Benghazi? ObamaCare? Hillary? No it's inflation.

    07/24/2014 4:59:28 AM PDT · by 2ndDivisionVet · 12 replies
    The Week ^ | July 23, 2014 | James Pethokoukis
    Call it doomsday prepper economics. For more than five years, many Republicans and conservatives have warned that catastrophe is nigh. Washington's deficit spending and the Federal Reserve's excessive money printing will lead to a financial crisis worse than the Great Recession, they prophesied. Inflation will skyrocket, the dollar will collapse, and the Chinese will dump treasuries, they swore. As Ron Paul, the libertarian former GOP congressman and presidential candidate, said back in 2009: "More inflation is absolutely the wrong way to go. We're taking a recession and trying to turn it into a depression. We're going to see a real...
  • Experts: America's gold is gone

    07/18/2014 6:35:46 PM PDT · by SkyPilot · 91 replies
    WND and King World News ^ | 18 Jul 14 | Mark Leibovit
    Paul Craig Roberts: The entire U.S. gold hoard is now goneFormer U.S. Treasury official Dr. Paul Craig Roberts told King World News the entire United States gold hoard, including gold supposedly held at the Fed for other countries, is now gone. This is very bad news for Germany and other countries which have trusted the Fed to safely store their gold. Excerpts from the interview: Eric King: Dr. Roberts, I know youve seen the report on Bloomberg about Germany supposedly being happy with storing their gold at the New York Fed. It seemed to be a propaganda piece. What was...
  • What If a Hidden Hand Hired Dems to Ram Thru Single-Payer, But They Were Incompetent to Do It?

    07/13/2014 8:49:17 PM PDT · by CharlesOConnell · 6 replies
    Cato Institute ^ | July 10, 2014 | Michael F. Cannon
    Still No Halbig v. Burwell Ruling, But Plenty of Halbig Chatter By Michael F. CannonThe latest bit of chatter about a someday-forthcoming ruling from the D.C. Circuit in Halbig v. Burwell is the banter between myself and Washington & Lee University law professor Timothy Jost. (For a quick primer on the Halbig cases, click here. For a comprehensive reference guide to the cases, click here.) Or as my email traffic has described it, “The subtle repartee between Michael Cannon and Tim Jost continues.” And, “What a summer! Argentina vs. Germany, Cannon vs. Jost. What’s next?“ Jost’s contribution appeared on the...
  • Forward guidance: making it up as you go along

    06/25/2014 5:24:10 PM PDT · by Lorianne
    CNBC ^ | 24 June 2014 | Moorad Choudhry
    The banking industry likes superfluous language. There's "quantitative finance" for example, which (given that finance isalready a quantitative subject) is a bit like saying "aerial flight" or "wet swimming". And then there's "forward guidance". What, as opposed to backward guidance? I mean, what other type of guidance is there? Last summer the Bank of England (BoE) decided it wanted to import the U.S. Federal Reserve's forward guidance policy. In short this went along the lines of "we'll link future moves in the base rate to other external market indicators, so that as these other indicators move then so will base...
  • Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else

    06/20/2014 8:49:31 PM PDT · by george76 · 72 replies
    Zero Hedge ^ | 06/20/2014 | Tyler Durden
    Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless. Anyone that...
  • Mass Hysteria In The Stock Market Backed By The Full Faith And Credit Of The United States.

    06/19/2014 4:56:36 PM PDT · by joeclarke · 8 replies
    JoeClarke.Net ^ | 6/19/2014 | JoeClarke.Net
    Article IV, Section 1 "Full Faith and Credit" Clause of the United States Government. "This is the worse post recession recovery in American history," as the stock market reaches new highs, compliments of the Federal Reserve's money printing. It is hard to fathom how the elites and intellectuals can get it so wrong that they fall for falsehood after falsehood. The smartest people in the room have been foiled no less than Hitler's mesmerized disciples, or Mao's little-red-book of communized socialist fellow travelers, or Stalin's scientists who guaranteed that wheat could be grown in the coldest, most inhospitable climates.There is...
  • S&P 500 ends at record high; Fed cuts stimulus, sees improvement

    06/19/2014 6:37:57 AM PDT · by SeekAndFind · 4 replies
    CNBC ^ | 06/19/2014 | Kate Gibson
    U.S. stocks climbed on Wednesday, lifting the S&P 500 to a record finish, after the Federal Reserve said the economy is rebounding and that interest rates would stay low for some time. "We are inching from unprecedented accommodation to policy tightening, even though it's not imminent," said Anastasia Amoroso, global market strategist at J.P. Morgan Funds. The Fed alluded to a slightly faster pace of interest rate increases next year, while suggesting benchmark borrowing costs in the longer term would be lower than the Fed has indicated before. Fed Chair Janet Yellen attempted to "introduce a degree of uncertainty into...
  • What Keynes Has Done To Us

    06/17/2014 7:24:49 AM PDT · by Nelson Hultberg · 13 replies
    Americans for a Free Republic ^ | June 15, 2014 | Nelson Hultberg
    The essential economic problem we confront today is that our dominant Keynesian intellectuals have abandoned reality. They do not grasp what they have wrought with the mountainous loads of debt and malinvestment that are overwhelming us. Much of this burden must be liquidated before genuine demand and growth can be restored, which will require radical reform if we are to evoke a genuine cure. To try and solve todays debt created crisis with more debt (as the Keynesians are presently doing) can only bring on a bigger bust the next time around, which will require still larger debt injections to...
  • The Fed-Induced Demise Of The American Dream (In 1 Simple Chart)

    06/10/2014 12:53:20 PM PDT · by PoloSec · 10 replies
    Zero Hedge ^ | June 10 2014 | Tyler Durden
    Thanks to free and abundant credit to those at the front of the line, home prices have soared in the last few years as "smart" hedge fund managers have bought homes-to-rent in a yield-grab with both hands and feet. This - as we have noted numerous times - priced out the 'real' buyer; who this time, instead of being driven by a "fear of missing out", would rather not play (only to be left holding the bag). Another unintended consequence courtesy of The Fed's "main-street-helping" actions that has destroyed the American Dream for a declining middle class. Fewer Americans think...
  • The Chevy Volt: One Part Social Security, Two Parts Postal Service

    06/08/2014 5:59:32 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | June 8, 2014 | John Ransom
    As many already know, the Ransom Notes and Townhall Finance Worldwide HQ is moving to the West Coast this month to better serve our readership. Please bear with me, while we get moved. Georgia Boy wrote: Actually, President Obama has not raised taxes on anybody, but I think he will raise taxes on the wealthiest (back to historic levels) when he gets his second term. That said, Ransom is just another Rat-wing speculation, pretty much full of bovine manure. -Frances No Limit Tax Perfect for Zero Dear Comrade Boy Georgia, Youre right about Obama wanting to bring taxes to historic...
  • 1934 Editorial Cartoon - Planned Economy or Planned Destruction

    05/18/2014 7:18:32 PM PDT · by Bigtigermike · 21 replies
    Chicago Tribune | Sunday May 18, 2014
    Plan of Action for U.S. - SPEND SPEND SPEND Under the guise of Recovery - Bust the Government - Blame the Capitalists for the failure - Junk the Constitution and declare a dictatorship Deplete the Resources of the Soundest Government in the World!
  • Einhorn Finds Dinner Chat With Bernanke Frightening

    05/06/2014 3:37:20 PM PDT · by Red in Blue PA · 7 replies
    David Einhorn, manager of the $10 billion Greenlight Capital Inc., said he found a recent dinner conversation with former Federal Reserve Chairman Ben S. Bernanke scary. "I got to ask him all these questions that had been on my mind for a long time," Einhorn said in an interview today with Erik Schatzker and Stephanie Ruhle on Bloomberg Television, referring to a March 26 dinner with Bernanke. "It was sort of frightening because the answers were not better than I thought they would be." Einhorn, 45, has been critical of Bernanke's willingness to leave interest rates near zero for more...
  • Why We're No Longer Number One

    05/06/2014 1:40:14 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | May 6, 2014 | Ron Paul
    Last week World Bank economists predicted that China would soon displace the United States as the world's largest economy. The fact that this one-time economic basket case is now positioned to surpass the US is one more sign of the damage done to American prosperity by welfare, warfare, corporatism, and fiat money. Some commentators have predicted that China's reign as the world's largest economy would not last long. This may be true. While China has made great strides since adopting free-market reforms in the 1970s, China is still run by an authoritarian government whose economic policies distort the market in...
  • Fed shows faith in US economy

    04/30/2014 8:20:47 PM PDT · by Rabin · 11 replies
    Bueno Asarii Herald ^ | April 30, 2014 | USFR press release
    The Federal Reserve look, dismal quarterly US "growth" and gave a mostly upbeat assessment Recent information "indicates that growth in economic activity has picked up ... "What the Fed is saying",ignore this first quarter number (AS) government reported that the economy grew at only a 0.1 percent annual "rate in a quarter", ... other recent data that has suggested activity is "bouncing" back. she said the nation may be more than two years away from what the Fed views as the new normal unemployment rate" of between 9 percent and 14 percent.
  • Janet Yellen is shocked that the Feds price models dont work

    04/27/2014 12:07:12 PM PDT · by Kaslin · 47 replies
    Townhall.com ^ | April 27, 2014 | Nick Sorrentino
    So are we. Just shocked. Hey, at least she said it publicly. Thats more than Mr. Bernanke ever did. Ms. Yellen says doesnt understand why inflation is running hotter in the US than her models say it should be and why it ran cooler in Japan recently than her models predicted. Models, its always the models with Keynesians. Many modern economists like to think of themselves as scientists, or at least something close to scientists. But instead of white coats they wear tweed jackets and instead of verifiable results they produce excuses. Ok thats a bit harsh but its not...
  • A fading middle-class perk: lower mortgage rates

    04/25/2014 9:25:04 AM PDT · by Olog-hai · 21 replies
    Associated Press ^ | Apr 25, 2014 12:06 PM EDT | Josh Boak
    For three decades, the U.S. middle class enjoyed a rare financial advantage over the wealthy: lower mortgage rates. Now, even that perk is fading away. Most ordinary homebuyers are paying the same or higher rates than the fortunate few who can afford much more. Rates for a conventional 30-year fixed mortgage are averaging 4.48 percent, according to Bankrate. For jumbo mortgagesthose above $417,000 in much of the countrythe average is 4.47 percent.
  • Both at Home and Abroad, Obamas Presidency is Floundering

    04/20/2014 8:40:44 AM PDT · by Cheerio · 41 replies
    Town Hall ^ | Apr 19, 2014 | Donald Lambro
    WASHINGTON -- Barack Obama is getting a number of critical report cards on his foreign and domestic policies lately. Here at home, Janet Yellen, in her first monetary policy address as the head of the Federal Reserve Board, said the labor markets were still weak, and that it will likely take two years or more before the U.S. fully recovers from its recession. Ouch. If Yellen's forecast proves right, this means it will have taken Obama's administration nearly eight years to lift our economy out of its long and painful lethargy.
  • Obama CONFISCATES ALL APACHE ATTACK HELICOPTERS From The Governors of ALL 50 STATES

    04/17/2014 9:59:31 AM PDT · by Art in Idaho · 95 replies
    Secrets of the Fed ^ | April 17, 2014 | secretsofthefed.com
    As if the Obama administrations purchase of more than 2 billion rounds of ammunition, and nearly 3,000 urban tanks, along with their unprecedented (and highly illegal) domestic spying program was not enough to convince you that the federal government is about to suspend the Constitution once and for all, the man who once vowed to run the most transparent administration in history has just rather inexplicably, ordered the U.S. Army to seize every Apache attack helicopter currently in use by the National Guard. In all, the Defense Department will confiscate 192 Apaches from National Guard units around the country and...
  • Fed Can Print Money, But It Can't Print Jobs

    04/17/2014 6:32:50 AM PDT · by SeekAndFind · 23 replies
    IBD ^ | 04/17/2014 | Alan Reynolds
    We have all been watching a long mystery with no ending: What the Federal Reserve governors are trying to do, how they intend to do it and why they imagine their efforts will work. The key questions boil down to two: (1) What target should the Fed aim at, and (2) what policy instruments should it use to hit that target? The Fed's only explicit target an unemployment rate of 6.5% was shrewdly discarded as "outdated" as that target grew near. Actually, the idea of focusing on unemployment is outdated, since it presumes that high unemployment guarantees low...
  • An Inconveniet Truth

    04/16/2014 4:35:44 PM PDT · by SatinDoll · 3 replies
    The Market-Ticker ^ | April 16, 2014 | Karl Denninger
    We're better than those damned Russians and their Putin; we have democracy! Well, maybe not. Quote: Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while average citizens and mass-based interest groups have little or no independent influence. The results provide substantial support for theories of Economic Elite Domination and for theories of Biased Pluralism, but not for theories of Majoritarian Electoral Democracy or Majoritarian Pluralism. Lots of big words in that paragraph. Let's distill it down -- the argument presented is that America is really no different than...
  • Blame the Fed for high food prices

    04/16/2014 3:25:28 PM PDT · by ilovesarah2012 · 13 replies
    atimes.com ^ | April 2, 2014 | Noureddine Krichene
    The Wall Street Journal and the Financial Times (FT) have recently reported frightening food-price inflation. Prices for staples like coffee, oats, milk, meat, vegetables and fruits have increased so far in 2014 by rates as high as 70%. The FT noted that a breakfast now costs at least 25% more than it did in 2013. As expected, media attributed the food-price inflation to droughts and to fast-growing demand in Southeast Asia. For fish, for which prices tripled in recent years, the drought factor does not apply, leaving us with high demand. This explanation fits best with what the US Federal...
  • The KKK Tries to Make A Comeback

    04/15/2014 3:39:30 PM PDT · by nickcarraway · 41 replies
    Time ^ | 4/15
    As a former Klan leader is charged with killing three in Kansas, the frayed white supremacy group is trying to attract new members. The Southern Poverty Law Center estimates the number of hate groups in the U.S. has risen from 602 in 2000 to 939 in 2013 The Ku Klux Klan was once a major force in America, with a membership of nearly 4 million that regularly included mayors, chiefs of police and other grandees of segregated regions, especially in the South and Midwest. Its been decades since the Klan held that sort of mainstream sway, but Sundays deadly rampage...
  • Yellen signals more aggressive stance toward banks

    04/15/2014 1:03:06 PM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Apr. 15, 2014 2:53 PM EDT | Martin Crutsinger
    The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system. She said the largest U.S. banks may need to hold additional capital to withstand periods of financial stress. Non-banks with deep reaches into the financial system might also need to meet tougher rules, she said. Such firms range from money market mutual funds to private equity and hedge funds.
  • New Ukrainian government pulls a Cyprus and seeks to tax bank accounts

    04/15/2014 10:23:18 AM PDT · by PieterCasparzen · 10 replies
    examiner.com ^ | 3/20/2014 | Kenneth Schortgen, Jr.
    When the Ukrainian people overthrew the duly elected President in late February, the office of Prime Minister was quickly filled by a technocrat, and member of the European banking establishment. Thus it is not surprising when on March 20, the interim Ukrainian government is going ahead with plans that follow the path of Cyprus, and are instituting a tax on bank depositors and account holders, and are bringing the program of bail-ins to the Eastern European country. ... It is not coincidence that the 'Ukrainian Winter' uprising occurred after the government chose to bypass the IMF and the EU, and...
  • Kansas City Shooter Inspired by Leftist Anti-Israel Demagogue Max Blumenthal-Cited by Killer

    04/15/2014 6:06:31 AM PDT · by SJackson · 15 replies
    Frontpagemagazine ^ | 4-15-14 | http://www.frontpagemag.com/2014/dgreenfield/anti-israel-leftist-cited-by-anti-semitic-killer-mocked
    Anti-Israel Leftist Cited by Anti-Semitic Killer Mocked Idea that American Jews are At Risk - FrontPage Magazine - http://www.frontpagemag.com - Anti-Israel Leftist Cited by Anti-Semitic Killer Mocked Idea that American Jews are At RiskPosted By Daniel Greenfield On April 14, 2014 @ 12:27 pm In The Point | 4 Comments Leftist Anti-Israel journalist Max Blumenthal, who is affiliated with The Nation, ridiculed the idea that American Jews are an at risk population.Blumenthal, whose attacks on Israel and Jews were described as anti-Semitic even by many on the left, and whose work was allegedly cited by the Kansas City killer and...
  • Chilling 2010 Interview With Right-Wing Jewish Center Shooter

    04/14/2014 6:28:09 PM PDT · by Borges · 37 replies
    AATP ^ | 4/14/2014
    In a 2010 interview, Alan Colmes talked with a KKK Grand Dragon, who would later become the Jewish Center shooter, as he was running for Senate in Missouri as a Republicanand the glimpse into the mind of this madman that the interview offers is simply horrifying. On Sunday, Frazier Glenn Miller, or Frazier Glenn Cross, murdered three people at two different Jewish centers in Overland Park, Kansasincluding a man, woman, and child. He shot at two others, but they were uninjured. As he was arrested, the founder of the White Patriot Party screamed Heil Hitler! Frazier/Cross told Colmes, a Jewish...
  • CNN "SHOCKER": MH370 Intact, All Alive, Plane Was Followed By Military Jets (Video)

    04/08/2014 10:10:22 PM PDT · by My Favorite Headache · 106 replies
    Conservative Infidel ^ | April 9th, 2014
    Posted on Wednesday, April 9th, 2014 at 12:19 am. by: Santo Lippo KUALA LUMPUR (INTELLIHUB) In a strange twist of events Sara Bajc, the girlfriend of missing flight 370 passenger Phillip Wood, told CNN how the Malaysian military and even the U.S. are likely involved in a massive cover-up surrounding the aircrafts disappearance on the morning of Mar. 8. Astonishingly Bajc told CNN, The jet [flight 370] had actually been accompanied by fighter planes, there is some witness to that.. I think we need to have a better view into where that plane went and who has got it...
  • Purported Communication from Flight 370

    04/01/2014 5:02:45 PM PDT · by Mean Daddy · 18 replies
    Secrets of the Fed ^ | April1, 2014 | Shepard Ambellas
    INDIAN OCEAN (INTELLIHUB) According to freelance journalist Jim Stone, one of the American passengers, Phillip Wood, a technical storage executive at IBM, who was aboard the now missing Malaysian Airlines flight, keystered his iPhone 5 in his anus after the Boeing 777 carrying 239 people was hijacked by military personnel while on route to China. Amazingly, Stone claims that metadata within the photo yields evidence confirming 100 percent that Phillip Wood sent the photo, along with a brief voice activated text, from GPS coordinates which put Wood only a few miles away from the U.S. controlled Diego Garcia military...
  • China Accelerates Bad Debt Writeoffs

    03/31/2014 10:06:56 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | March 31, 2014 | Mike Shedlock
    Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. One result is Chinas Big Banks Double Bad-Loan Write-Offs. Chinas biggest banks more than doubled the level of bad loans they wrote off last year, in a sign that financial strains are mounting as growth in the worlds second-largest economy slows. The five biggest Chinese banks, which account for more than half of all loans in the country, removed Rmb59bn ($9.5bn) from their books in debts that could not be collected, according to their 2013 results. That was up 127 per cent...