Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $80,050
94%  
Woo hoo!! And now less than $5k to go!! We can do this!! Thank you all very much!!

Keyword: thefed

Brevity: Headers | « Text »
  • Why are my Chicken Thighs suddenly So Expensive?

    12/21/2013 6:42:24 PM PST · by lee martell · 142 replies
    Dec. 21 2013 | Lee Martell
    Today I went to a local supermarket in the Terra Linda area of Marin County, a little north of San Francisco. This large grocery store is but one of many belonging to a very popular grocery retailer. So, I bought six pounds, and eight ounces of chicken thighs at $1.79 per pound. After a little walk around comparison, I see most are within this price range. I end up paying $10.88, minus $1.21 with my Club Card, that equals a grand sum total of $9.67 out of pocket. The store is a great place to shop. The areas are clean....
  • Former Fed Quantitative Easer Confesses, Apologizes: "I Can Only Say: I'm Sorry, America"

    11/12/2013 6:32:25 AM PST · by Starboard · 169 replies
    Zero Hedge ^ | 11/12/2013 | Andrew Huszar
    The Fed keeps buying roughly $85 billion in bonds a month, chronically delaying so much as a minor QE taper. Over five years, its bond purchases have come to more than $4 trillion. Amazingly, in a supposedly free-market nation, QE has become the largest financial-markets intervention by any government in world history. And the impact? Even by the Fed's sunniest calculations, aggressive QE over five years has generated only a few percentage points of U.S. growth. Having racked up hundreds of billions of dollars in opaque Fed subsidies, U.S. banks have seen their collective stock price triple since March 2009....
  • Yellen against Rand Paul’s ‘Audit the Fed’ bill

    11/14/2013 9:37:13 AM PST · by markomalley · 10 replies
    The Daily Caller ^ | 11-14-2013 | Alex Pappas
    President Obama’s nominee to become chairman of the Federal Reserve came out against Kentucky Sen. Rand Paul’s “Audit the Fed” legislation on Thursday. Asked by Republican Sen. David Vitter about the proposal, Yellen said she “strongly” supports “transparency and openness on the part of the Fed” but does not support any proposal that would “diminish” its independence. “I would be very concerned about legislation that would subject the Federal Reserve to short-term political pressures that could interfere with that independence,” she said. Yellen, the vice chairman of the Federal Reserve Board of Governors, made the comments during her confirmation hearing...
  • Ex-Fed official: 'I'm sorry for QE'

    11/13/2013 5:58:23 AM PST · by sr4402 · 9 replies
    Fast Money ^ | Tuesday, 12 Nov 2013 | 6:45 PM ET | Bruno J. Navarro
    "I can only say: I'm sorry, America," he wrote. "The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time."
  • Insight: Yellen Feared Housing Bust But Did Not Raise Public Alarm

    11/02/2013 8:20:16 AM PDT · by Son House · 4 replies
    Reyters ^ | Oct 30, 2013 | Marilyn W. Thompson, Ann Saphir and Alister Bull
    In 2004, the new president told risk managers in San Francisco that closer supervision had "made our financial system far more resilient to shocks." In Phoenix that year, she reported "more positive signs in the economy." She flagged real estate as a concern in March 2005, telling a banking group in Hawaii that her staff was examining commercial lending and was concerned about the "easing of credit standards and terms on loans" for home mortgages. But Yellen ended optimistically, concluding that "we don't think widespread problems are likely" and that "industry conditions in many respects are stronger now than they've...
  • Alan Greenspan: Where the Economy Went Wrong, Where He Went Wrong—and Ayn Rand.

    10/20/2013 3:38:49 AM PDT · by lbryce · 69 replies
    Wall Street Journal ^ | Oct. 18, 2013 6:06 p.m. ET | Alexandra Wolfe
    Complete Title:Alan Greenspan: What Went Wrong The Former Fed chairman on Where the Economy Went Wrong, Where He Went wrong—and Ayn Rand. Alan Greenspan, the former chairman of the Federal Reserve, goes to a lot of parties. He and his wife, the TV journalist Andrea Mitchell, "sort of get invited everywhere," he says, sitting in front of the long bay window in his office on Connecticut Avenue in Washington, D.C. Lately, though, cocktails and dinners seem to have guest lists drawn almost exclusively from one political party or the other. "It used to be a ritualistic 50-50 at parties—the doyennes...
  • The Fed Is in Desperate Need of Change - Sadly Janet Yellen Won’t Be It

    10/13/2013 9:37:19 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | October 13, 2013 | Mark Calabria
    President Obama has now officially announced his intention to nominate Janet Yellen, current vice chair of the Federal Reserve, to succeed current chair Ben Bernanke. And while Yellen is likely to receive a frosty reception from Republicans, she has a very good chance of garnering the necessary 60 votes needed to achieve Senate confirmation. She will of course break new ground as the first female head of the Fed, but will also sadly represent a continuation of the Fed’s current policies and long history of repeated failures. If you’ve made a fortune riding the various Fed-induced asset bubbles, Yellen...
  • Buffett lauds Bernanke but laments lack of investment bargains

    09/19/2013 3:39:19 PM PDT · by posterchild · 15 replies
    Reuters ^ | Arggg Sept 19, 2013 | Jonathan Stempel and Peter Rudegeair
    The billionaire investor spoke one day after the central bank surprised investors by postponing its expected wind-down of monetary stimulus, which has in five years more than tripled the Fed's balance sheet to above $3.6 trillion. "Since the panic of five years ago, he's done a terrific job," Buffett said on CNBC television in a joint interview with Brian Moynihan, chief executive of Bank of America Corp. Asked if he would reappoint Bernanke when his term expires, Buffett said: "That's what I would do." Nevertheless, at an event later Thursday afternoon at Georgetown University, Buffett said that the Fed's eventual...
  • Fed: No taper

    09/18/2013 11:13:08 AM PDT · by Hojczyk · 95 replies
    CNBC ^ | September 18, 2013 | Jeff Cox
    <p>An economy still stumbling toward recovery was not enough to sway the Federal Reserve, which defied market expectations Wednesday and said it will not begin pulling back on its monthly asset-purchasing program. Stocks surged on the news but bond yields were flat.</p>
  • The Fed Will Bankrupt the US Trying to "Create" Jobs

    08/08/2013 9:32:30 AM PDT · by lbryce · 9 replies
    Zero Hedge ^ | August 8, 2013 | Staff
    The primary myth being perpetuated by the Central Banks of the world is the belief that loose monetary policy and money printing will lead to economic growth. This is the reason why Central banks have cut interest rates more than 511 times since June 2007. It’s also why they’ve expanded their balance sheets by over $10 trillion (this doesn’t count unofficial lending windows and off balance sheet programs). It’s a strange idea, especially when you consider that there is literally no evidence that printing money creates jobs. Look at Japan, they have and continue to maintain QE efforts equal to...
  • Obamanomics: making bad news into good times — for some

    06/26/2013 5:53:56 PM PDT · by Abakumov · 2 replies
    Rare.US ^ | June 26, 2013 | James S. Robbins
    Economic growth goes sharply down, while stocks go sharply up. Welcome to Obamanomics. On Wednesday the Commerce Department released a gloomy revised report on the first quarter of 2013. Gross domestic product (GDP) growth was revised down to 1.8% from the original 2.4%. Consumer spending, estimated at 3.4%, turned out to be 2.6% Every category sank with the exception of home construction and government spending, the latter of which was mostly pre-sequestration. Bad news, right? Not to the stock market. Broad markets closed up almost 1% Wednesday after suffering a slump late last week. You would think that a weaker-than-believed...
  • Hilsenrelevant Still? Fed Mouthpiece Unleashed To Save The Day Again

    06/21/2013 10:21:52 AM PDT · by Kartographer · 8 replies
    Zerohedge ^ | 6/21/13 | Tyler Durden
    Apparently, everyone messed up - there is nothing but good news for the money-printing-addicts. Hilsenrath's "New York Fed" sources have yet to leak the 2013 year-end price target for the S&P 500 (though we expect that next).
  • Gold And Silver Crash - Don't Be An Idiot

    04/16/2013 6:08:57 AM PDT · by blam · 29 replies
    The Market Ticker ^ | 4-15-2013 | Karl Denninger
    Gold And Silver Crash - Don't Be An IdiotKarl DenningerApril 15, 2013 Don't do it folks. There's no "reflation" trade. Nor is this "manipulation." There is one thing to watch, and that is if the physical commodity at real, no-BS volume sources de-couples from the futures price. This is a nightmare scenario as it posits the imminent destruction of the capital market structure, since futures are allegedly deliverables. That is, if I own a gold mine and know I can dig gold out of the ground for $1,200 an ounce "all-in" I will short whatever I'm sure I can deliver...
  • Quantitative confiscation: What’s happening in Cyprus already is happening here

    04/04/2013 6:35:55 AM PDT · by dirtboy · 29 replies
    Trib Live ^ | 3/30/13 | Thomas Sowell
    The decision of the government in Cyprus to simply take money out of people's bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: “Can this happen here?” The economic repercussions of having people feel that their money is not safe in banks can be catastrophic. Banks are not just warehouses where money can be stored. They are crucial institutions for gathering individually modest amounts of money from millions of people and transferring that money to strangers whom those people would not directly trust... [snip] One of the big differences...
  • David Stockman: How America Is Doomed And How You Should Get Out Of The Market NOW

    03/31/2013 2:58:25 PM PDT · by blam · 41 replies
    TBI ^ | 3-31-2013 | Joe Weisenthal
    David Stockman Writes Huge Unhinged Screed About How America Is Doomed And How You Should Get Out Of The Market NOW Joe WeisenthalMarch 31, 2013, 1:05 PMFormer Reagan budget director David Stockman has a new book coming out on Tuesday, and he's warming up the public with a massive piece in today's New York Times titled Sundown in America, which basically says the future of America bleak because of massive government debts, crony capitalism, bailouts, megabanks, the removal of the gold standard, and even green energy. The piece can truly be characterized as Hard Money Buzzword Bingo, as Stockman tries...
  • Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued

    02/08/2013 4:47:06 AM PST · by Former Proud Canadian · 10 replies
    CNS News ^ | Feb. 7, 2013 | Terence P. Jeffrey
    (CNSNews.com) - So far this calendar year, the Federal Reserve has bought up more U.S. government debt than the U.S. Treasury has issued. On Dec. 31, the total debt of the U.S. government was $16.4327 trillion and then-Treasury Secretary Tim Geithner announced that the government had hit what was then the legal debt limit. Last week, however, Congress enacted a law to suspend the federal government debt limit until May 18, 2013, and allow the administration to resume increasing the debt. By the close of business on Wednesday, Feb. 6, according to the U.S. Treasury, the total federal debt had...
  • Bernanke: Get rid of the debt ceiling, it has no practical value

    01/15/2013 5:23:41 AM PST · by Sir Napsalot · 59 replies
    Washington Examiner ^ | January 14, 2013 | January 14, 2013
    Federal Reserve Chairman Ben Bernanke criticized the debt ceiling as an unusual device that can be used to prevent the United States from paying it’s bills, as he suggested that the country would be better off if the debt limit did not exist. “I think it would be a good thing if we didn’t have [the debt ceiling],” Bernanke told students at the University of Michigan today. “I don’t think that’s going to happen. I think it’s going to be around.” Those remarks put Bernanke in agreement with Treasury Secretary Tim Geithner, who has said that Congress should eliminate the...
  • Bernanke's Dustbin

    01/08/2013 1:11:46 PM PST · by Kaslin · 8 replies
    Townhall.com ^ | January 8, 2013 | Bill Tatro
    Let me see if I understand this correctly.  QE4 is announced and it was declared that bonds will be purchased for as long as the eye can see or until we achieve an unemployment rate of 6.5%.  Several weeks later, the majority of Federal Reserve officials announced that it would be “appropriate” to end QE4 prior to the end of 2013 or by the end of 2013.  So, what the heck happened to 6.5% unemployment?  The Fed, for almost 100-years, has operated with two mandated objectives, namely stable prices and full employment.  In order to achieve those goals, they can...
  • Dallas Fed Richard Fisher: Fed Risks 'Hotel California' Monetary Policy

    12/15/2012 8:42:59 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | December 15, 2012 | Mike Shedlock
    At least one Fed governor understands the Bernanke Fed's hyper-accommodative monetary policy has no exit. Today on CNBC "Squawk Box", Dallas Fed governor Richard Fisher complained Fed Risks 'Hotel California' Monetary Policy. Dallas Fed President Richard Fisher told CNBC that he's worried the U.S. central bank is in a "Hotel California" type of monetary policy because of its "engorged balance sheet." Evoking lyrics from the famous song by The Eagles, he said he feared the Fed would be able to "check out anytime you like, but never leave." Fisher said on "Squawk Box" that he argued against revealing the new...
  • Ben Bernanke Just Told A Massive Lie About Milton Friedman

    10/01/2012 11:24:45 AM PDT · by Perdogg · 23 replies
    Ben Bernanke Just Told A Massive Lie About Milton Friedman And I Can Prove It Ben Bernanke is so desperate to find support regarding his steal from the poor and give to the 0.01% policies he is now telling blatant lies about famous, dead economists that can’t refute what he says. In this case Milton Friedman. In his Q&A today, The Bernank claimed: *BERNANKE: MILTON FRIEDMAN WOULD HAVE SUPPORTED WHAT FED DOING
  • Terrorist attempts to blow up Federal Reserve Bank (in downtown NYC)

    10/17/2012 12:49:40 PM PDT · by Olog-hai · 189 replies
    New York Post ^ | 3:39 PM, October 17, 2012 | Larry Celona
    A Middle Eastern man tried to blow up the Federal Reserve Bank in Lower Manhattan this morning, law-enforcement sources told the Post. The terrorist parked a van filled with what he thought were explosives outside of the Liberty Street building, sources said, then tried to set them off using a cell phone detonator. The suspect, who was not immediately identified, was provided the explosives from an undercover FBI agent that he met on the Internet and believed to be an accomplice, the sources said. …
  • Bernanke's Act of Terrorism

    09/15/2012 12:08:35 AM PDT · by morethanright · 4 replies
    Tea Party Tribune ^ | 2012-09-14 23:46:19 | mrcurmudgeon
    By Mr. Curmudgeon:While Islamic militants riot outside U.S. embassies overseas, and kill American counselor officials and their support personnel, another terrorist act just as deadly took place on American soil. Federal Reserve Chairman Ben Bernanke announced his independent, in your face, answer-to-no-one agency will flood the U.S. economy with $40-billion-a-month in counterfeit greenbacks to buy worthless mortgage-backed securities. He said the Fed would continue the policy "until such improvement is achieved in a context of price stability." That's Fed speak for "Forever."Commodity prices, like oil for instance, soared after Benny boy's announcement. So much for "price stability."As if to prove...
  • Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates

    09/13/2012 11:01:38 AM PDT · by Free ThinkerNY · 90 replies
    Yahoo! Finance/CNBC ^ | Sept. 13, 2012 | Jeff Cox
    The Federal Reserve fulfilled expectations of more stimulus for the faltering economy, taking aim now at driving down mortgage rates. The Fed said it will buy $40 billion of mortgages per month in an attempt to foster a nascent recovery in the real estate market. The purchases will be open-ended, meaning that they will continue until the Fed is satisfied that economic conditions, primarily in unemployment, improve. There's strong hints that they'll do Treasurys next," Joe LaVorgna, chief economist at Deutsche Bank Advisors, said in a phone interview from London."They're pulling out all the stops to try to get this...
  • If Bernanke Bails Out Obama Get Ready For Five Buck Gas - Post Election

    09/06/2012 5:51:33 PM PDT · by billflax · 14 replies
    Forbes ^ | 09/06/2012 | Bill Flax
    Once there was an unwritten rule that the Federal Reserve would refrain from significant policy adjustments before an election. Few things are as encompassing to culture as our currency, or as vital that they be thought free of intrigues. With public confidence in the dollar diminished, or perturbed by politics, society suffers this dearth of trust in more than just finance. Commentary abounds that Mr. Bernanke will soon commence yet more quantitative easing, QE3 for short. Why? Clearly the ongoing economic stagnation stems not from prohibitively high interest rates. Rates hover just off historic lows. Given the moribund economy, financial...
  • Santelli's Rant on More Quantitative Easing (calls it counterfeiting)

    08/27/2012 9:42:31 AM PDT · by Lorianne · 2 replies
    CNBC ^ | 27 August 2012 | Rick Santelli
    Video Transcript: other reasons, too, which we'll talk about later. cme group, rick santelli. looking at some long-term effects of qe. indeed, there is another name for qe. and we'll get to that momentarily. one of the great things about the human race is they can assimilate and accommodate. we talked about the swiss psychologist in the 1930s, the 1960s, really doing a lot of work here. what it simply means is that we're very adaptable as humans. i think quantitative easing fits into that. it's something that really doesn't seem like it's the answer for problems, printing more money,...
  • Fed joins stimulus party as global trade slumps

    08/23/2012 11:10:04 PM PDT · by bruinbirdman · 9 replies
    The Telegraph ^ | 8/23/2012 | Ambrose Evans-Pritchard
    All three major blocs of the world economy have shifted gears dramatically over the last month, preparing a fresh blast of stimulus to combat the sharpest contraction in global trade since the 2008-09 crisis. The US Federal Reserve appears poised for a third round of quantitative easing (QE) as soon as early September, joining Europe and China in concerted global stimulus. The Fed’s latest minutes show broad support for fresh bond purchases – probably mortgage bonds – unless signs of “substantial and sustainable strengthening” emerge soon. Paul Ashworth from Capital Economics said QE3 looks like a “done deal” since little...
  • Romney Reiterates He Would Replace Bernanke

    08/23/2012 3:50:24 PM PDT · by Perdogg · 31 replies
    Mitt Romney said Thursday that he would replace Federal Reserve Chairman Ben Bernanke, dismissing the advice of a top adviser who suggested this week that the chairman should be considered for a third term.
  • Federal Reserve Bank Members Tour Bakken

    08/20/2012 3:21:07 AM PDT · by Son House · 34 replies
    Williston Herald ^ | August 17, 2012 | Mark McNeillie
    On Thursday, members of the Federal Reserve Bank of Minneapolis took a tour of the Bakken area. The trips was planned so that Bank President Narayana Kocherlakota and his staff could gather more information on what is currently happening in the region from an economic standpoint. “Obviously, what’s happening here in the Bakken —we took a tour today between Minot and Williston—is quite special,” said Kocherlakota in meeting with the press after the tour. “Just the level of economic vitality is quite different her relative to anywhere else.” With all the struggles in the national economy, western North Dakota is...
  • Romney supports audit of the Federal Reserve

    08/20/2012 12:28:26 PM PDT · by RobinMasters · 5 replies
    The Washington Times ^ | August 20, 2012 | Stephen Dinan
    Borrowing Rep. Ron Paul's presidential campaign push, Mitt Romney said Monday he thinks the Federal Reserve should face an audit. "Very plain and simple, the answer is yes. The Federal Reserve should be accountable. We should see what they're doing," Mr. Romney, the presumptive Republican presidential nominee, said at a town hall in New Hampshire. Mr. Paul, the Texas congressman who is still technically in the running for the Republican nomination, though he does not have the delegates to win it at next week's convention, made an audit of the Fed a chief part of his campaign. Earlier this year,...
  • Ryan's Fed policy views well outside mainstream

    08/19/2012 11:05:21 AM PDT · by mdittmar · 26 replies
    Yahoo! ^ | 8/19/12 | Pedro Nicolaci da Costa Reuters
    WASHINGTON (Reuters) - Paul Ryan doesn't quite want to end the Fed. But if Mitt Romney's pick for vice president had his way, he might curb the central bank's powers enough to make it harder for policymakers to respond aggressively to economic downturns. The Wisconsin Republican has supported controversial legislation that would strip the U.S. Federal Reserve of its mission to seek maximum employment, and has been a harsh critic of the central bank's continued loose monetary policy. Further, he has hinted at sympathy for the days when the U.S. dollar was tied to gold, a regime that constrained the...
  • House Passes Ron Paul’s ‘Audit the Fed’ Bill (Nancy Pelosi, Bawney Fwank vote No to help bankers)

    07/25/2012 1:45:14 PM PDT · by JimWayne · 5 replies
    Wall Street Journal ^ | July 25, 2012 | Kristina Peterson and Siobhan Hughes
    The Senate would be almost certain to defeat it given the Democratic majority in the chamber... “This is a way to shake your fist at the big bad Fed, and it’s not a good way,” Rep. Barney Frank (D., Mass.), the top Democrat on the House Financial Services Committee, said on the House floor Tuesday.
  • House passes Ron Paul’s ‘audit the Fed’ bill

    07/25/2012 1:01:02 PM PDT · by Beave Meister · 49 replies
    The Washington Times ^ | 7/25/2012 | Stephen Dinan
    <p>In a move that serves as a capstone to Rep. Ron Paul’s colorful career, the House on Wednesday approved a bill that would let Congress’s chief investigators conduct a full audit of the Federal Reserve’s shrouded decision-making process.</p> <p>The overwhelming 327-98 vote sends the bill to the Senate where Majority Leader Harry Reid, Nevada Democrat, has previously expressed support for an audit — though it’s unclear he’ll carve out time for the legislation this year.</p>
  • Democrats warn Rep. Paul's 'audit the Fed' bill will politicize monetary policy

    07/24/2012 4:29:25 PM PDT · by markomalley · 36 replies
    The Hill ^ | 07/24/12 | Pete Kasperowicz
    Several senior House Democrats warned that passing a bill from Rep. Ron Paul (R-Texas) requiring a full audit of the Federal Reserve Board's monetary policy decisions will allow Congress greater leverage to put political pressure on these decisions, which they said would cause serious problems in the U.S. and global financial markets. The Federal Reserve Transparency Act, H.R. 459, was expected to come up for a vote Wednesday, and seemed poised for passage given its 270 co-sponsors, including nearly four dozen Democrats. Nonetheless, many Democrats used the Tuesday floor debate to warn about the chances that Congress might use the...
  • Should Congress Place a Cap on The Fed’s Balance Sheet? The Demint/Lee Senate Bill S.3240

    06/13/2012 8:42:34 AM PDT · by flyingtabby · 7 replies
    Confounded Interest ^ | June 13.2012 | Anthony B. Sanders
    It is no secret that The Fed is mulling over further monetary stimulus. Whether it is quantitative easing (QE3) or curve twisting (Twist3) remains to be seen. Senators Jim Demint (R-SC) and Mike Lee (R-Utah) have proposed legislation, S.3240, that caps the balances of reserves of depository institutions. AYO12664 “Notwithstanding any other provision of law, no action may be taken by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee on or after the date of enactment of this Act that would result in the total of the factors affecting reserve balances of depository...
  • Fed Chairman Ben Bernanke warns of 'fiscal cliff' risks

    06/07/2012 7:18:21 PM PDT · by bd476 · 12 replies
    Excerpt from Los Angeles Times ^ | June 7, 2012 | By Don Lee
    WASHINGTON — Fears about a looming fiscal crisis at the end of the year are starting to pinch job growth and threatening to undercut the nation's fragile recovery, a growing number of economists and employers say. Federal Reserve Chairman Ben S. Bernanke, in testimony Thursday before Congress, repeatedly warned about the so-called fiscal cliff — a reference to the expiration of tax cuts Dec. 31 and the imposition of automatic spending reductions Jan. 1. By some accounts, the U.S. economy could see an unprecedented fiscal hit of as much as $720 billion if the slated changes take effect. They would...
  • Wall St boosts QE3 expectations after May jobs data

    06/02/2012 6:32:33 AM PDT · by TigerLikesRooster · 22 replies
    Reuters ^ | 06/02/12 | Chris Reese
    Wall St boosts QE3 expectations after May jobs data By Chris Reese NEW YORK | Sat Jun 2, 2012 7:49am IST (Reuters) - Wall Street economists see an increased chance the Federal Reserve will launch another round of monetary stimulus to support the U.S. economy, following data showing jobs growth slowed markedly for a third straight month in May. The median of forecasts from 15 primary dealers - the large financial institutions that do business directly with the Fed - gave a 50-percent chance the central bank would eventually launch another round of quantitative easing, known as QE3. A similar...
  • THE FED

    05/13/2012 6:44:00 AM PDT · by RichSr · 30 replies
    Rich Sr
    About "THE FED"! Has anyone seen the Hal Lindsey Report? When you / anyone goes to this site, you will get HISTORICAL irrefutable historical information about haw the FED was created, [i][b]and[/b][/i] how it is carried forward and kept alive. Extremely important stuff. Try it; this will make your blood boil.
  • Bernanke Calls Krugman "Reckless"

    04/27/2012 9:21:26 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | April 27, 2012 | Mike Shedlock
    Paul Krugman is now so far into outer space with ridiculous economic proposals that even Helicopter Ben Bernanke recognizes Krugman's proposals as "reckless". Bloomberg reports Bernanke Takes On Krugman’s Criticism Ignoring Own Advice
  • Choosing the Road to Prosperity Why We Must End Too Big to Fail—Now

    04/15/2012 6:49:01 AM PDT · by M. Dodge Thomas · 6 replies
    Federal Reserve Bank of Dallas ^ | 4/1/2015 | Harvey Rosenblum
    The too-big-to-fail institutions that amplified and prolonged the recent financial crisis remain a hindrance to full economic recovery and to the very ideal of American capitalism. It is imperative that we break up the big banks...
  • Bernanke says financial stability a work in progress

    04/09/2012 5:27:10 PM PDT · by John W · 8 replies
    Reuters via Yahoo News ^ | April 9, 2012 | Pedro Nicolaci da Costa
    STONE MOUNTAIN, Georgia (Reuters) - The U.S. economy has yet to fully recover from the effects of the financial crisis, and regulators must continue to find new ways to strengthen the banking system, Federal Reserve Chairman Ben Bernanke said on Monday. "The heavy human and economic costs of the crisis underscore the importance of taking all necessary steps to avoid a repeat of the events of the past few years," Bernanke told a group of economists and finance experts at a conference sponsored by the Federal Reserve Bank of Atlanta.
  • Krugman: Not enough inflation.

    04/06/2012 5:23:01 AM PDT · by GlockThe Vote · 39 replies
    NY Slimes ^ | 4/6/2012 | Paul Krugman
    No, the real reason the attacks on Mr. Bernanke from the right are so destructive is that they’re an effort to bully the Fed into doing exactly the wrong thing. The attackers want the Fed to slam on the brakes when it should be stepping on the gas; they want the Fed to choke off recovery when it should be doing much more to accelerate recovery. Fundamentally, the right wants the Fed to obsess over inflation, when the truth is that we’d be better off if the Fed paid less attention to inflation and more attention to unemployment. Indeed, a...
  • Italy police seize $6 trillion of fake U.S. T-bonds

    02/17/2012 9:17:46 AM PST · by Kartographer · 34 replies
    Reuters/YahooNews ^ | 2/17/12 | Reporting by Elisa Forte; Writing by Gavin Jones; Editing by Louise Ireland
    Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes. The operation, co-ordinated by prosecutors from the southern Italian city of Potenza, was carried out by Italian and Swiss authorities after a year-long investigation, an Italian police source said.
  • Federal Reserve says no rate hikes until at least late 2014

    01/25/2012 12:11:57 PM PST · by ColdOne · 7 replies
    msnbc.com ^ | 1/25/12 | msnbc.com news services
    The U.S. Federal Reserve said Wednesday it will not raise interest rates until at least late 2014, even later than investors expected, in an effort to support a sluggish economic recovery. Without making major shifts to its outlook for the economy, the central bank described the unemployment rate as still elevated and said it expects inflation to remain at levels consistent with stable prices. “I think what they are seeing is that the rate of growth is not sufficient to bring down the unemployment rate,” said Brian Dolan, chief strategist at Forex.com. The Fed depicted business investment as having slowed,...
  • Under Obama, Price of Gas Has Jumped 83 Percent, Ground Beef 24 Percent, Bacon 22 Percent

    01/24/2012 4:25:59 PM PST · by OPS4 · 41 replies
    CNS news ^ | 1/24/12 | Christopher Goins
    So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics. (AP Photo) During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent. When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon,...
  • Federal Reserve scales back projections of economy's growth

    11/02/2011 9:42:46 PM PDT · by NormsRevenge · 7 replies
    Los Angeles Times ^ | 11/2/11 | Jim Puzzanghera, Los Angeles Times
    As the Federal Reserve downgraded its economic projections, Chairman Ben S. Bernanke admitted that the central bank's board was in the same distressing position as the average American family — frustrated by the slow recovery, limited in its options and largely reduced to hoping for the best. "I certainly understand that many people are dissatisfied with the state of the economy," Bernanke told reporters Wednesday when asked about the Occupy Wall Street protests. "I'm dissatisfied with the state of the economy." The Fed noted in its official statement after its two-day meeting that economic conditions strengthened somewhat from July through...
  • Blame the Fed for the Financial Crisis

    10/21/2011 10:17:02 AM PDT · by rabscuttle385 · 39 replies
    The Wall Street Journal ^ | 2011-10-20 | Ron Paul
    To know what is wrong with the Federal Reserve, one must first understand the nature of money. Money is like any other good in our economy that emerges from the market to satisfy the needs and wants of consumers. Its particular usefulness is that it helps facilitate indirect exchange, making it easier for us to buy and sell goods because there is a common way of measuring their value. Money is not a government phenomenon, and it need not and should not be managed by government. When central banks like the Fed manage money they are engaging in price fixing,...
  • Opponent Is Obama, Not Bernanke

    10/12/2011 6:32:39 PM PDT · by Kaslin · 14 replies
    IBD Editorial ^ | October 12, 2011 | Editor
    Politics: You'd think a Republican debate on the economy would be a perfect time to blast Obama policies as an unmitigated disaster. Yet Obama escaped largely unscathed. Whom do these folks think they're running against? If aliens landed Tuesday night and managed to find the GOP debate on Bloomberg TV, they might think the GOP candidates were running against Ben Bernanke, someone named Dodd-Frank, Obama-Care and China. Newt Gingrich focused his ire, for example, on Bernanke, saying he's "the first person to fire." Michele Bachmann went on about Dodd-Frank, calling it "the jobs and housing destruction act." Rick Santorum said...
  • Newt Slams Media For Not Demanding Transparency Of Federal Reserve

    10/11/2011 7:29:49 PM PDT · by Beave Meister · 15 replies
    RealClearPolitics ^ | 10/11/2011
    Newt Gingrich is asked about the Occupy Wall Street movement at the Bloomberg debate in New Hampshire: New Gingrich: "If they want to change things, the first thing to do is fire Bernanke, who is a disaster as chairman of the Federal Reserve. The second person to fire is Geithner. The fact is, in both the Bush and the Obama administrations the fix has been in. And I think it's perfectly reasonable to be angry. But let's be clear about who put the fix in. The fix was put in by the federal government. If you want to put people...
  • Occupy Wall Street: George Soros Understands Protesters’ Pain

    10/04/2011 8:55:56 AM PDT · by Beckett08 · 23 replies
    IB Times ^ | 10/04/2011
    Billionaire investor George Soros said he sympathizes with the protesters who have camped out near Wall Street in New York and inspired similar anti-corporate demonstrations in other major cities across the United S While announcing a $40-million aid pledge at the United Nations for rural African development, Soros told media that he understood the protesters’ rage over big government bailout for banks "Actually I can understand their [protesters] sentiment, frankly," he said. "And at the same time the decision not to inject capital into the banks, but to effectively relieve them of their bad assets and then allow them to...
  • Anonymous Threatens to Shut Down Wall Street (Leftists Gear up for October)

    10/04/2011 6:29:43 AM PDT · by Beckett08 · 132 replies
    10/04/2011