Free Republic 3rd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $17,298
21%  
Woo hoo!! And we're now over 21%!! Thank you all very much!! God bless.

Keyword: federalreserve

Brevity: Headers | « Text »
  • Running On Empty? Why The Fed Is Running Out Of Monetary Oxygen

    07/06/2024 10:42:42 AM PDT · by Kaiser8408a · 31 replies
    Confounded Interest ^ | 07/06/2024 | Anthony B. Sanders
    The Federal Reserve is Running on Empty. ‘What passes for central banking today is really a perverse form of Wall Street-pleasing monetary manipulation. It employs the vocabulary of central banking, but in practice it fundamentally undermines main street prosperity, even as it showers the 1% (the top wealthiest people) with unspeakable financial windfalls. Stated differently, virtually everything the Fed does for the alleged benefit of the American economy is both unnecessary and a ruse. The Fed has actually become a captive of the Wall Street traders, gamblers and high rollers, and functions mainly at their behest. The proof of this...
  • JPMorgan Chase Warns 86,000,000 Customers Poised To Pay for Bank Accounts in Massive Overhaul, Elimination of Free Services

    07/05/2024 12:44:47 PM PDT · by RomanSoldier19 · 37 replies
    https://dailyhodl.com ^ | July 5, 2024 | Daily Hodl Staff FINTECH
    JPMorgan Chase just issued a major warning to its 86 million customers. The banking giant says a list of new regulations from Washington, D.C. will force the company to begin charging customers for checking accounts, reports the Wall Street Journal. The bank cites proposed regulations from the Consumer Financial Protection Bureau and the Federal Reserve, which are pushing for new caps on credit and debit card late fees and higher capital reserves, as primary catalysts that would push the bank to eliminate free checking services.
  • According to Federal Reserve data, for the first time in its history, the Fed has been losing money on a consistent monthly basis since September 28, 2022.

    06/26/2024 10:12:41 PM PDT · by delta7 · 36 replies
    Wall Street on Parade ^ | 26 Jun 24 | Martens
    According to Federal Reserve data, for the first time in its history, the Fed has been losing money on a consistent monthly basis since September 28, 2022. As of the last reporting date of June 19, 2024, those losses add up to a cumulative $176 billion. As the chart above using Fed data shows, the losses thus far in 2024 have ranged from a monthly high of $11.076 billion in February to a low of $5.674 billion in May.
  • LockBit claims the hack of the US Federal Reserve

    06/24/2024 1:54:31 PM PDT · by yesthatjallen · 9 replies
    Security Affairs ^ | 06 24 2024 | Pierluigi Paganini
    The Lockbit ransomware group announced that it had breached the systems of Federal Reserve of the United States and exfiltrated 33 TB of sensitive data, including “Americans’ banking secrets.” The Lockbit ransomware group added the Federal Reserve to the list of victims on its Tor data leak site and threatened to leak the stolen data on 25 June, 2024 20:27:10 UTC. The group hasn’t published any sample of the stolen data. “Federal banking is the term for the way the Federal Reserve of the United States distributes its money. The Reserve operates twelve banking districts around the country which oversee...
  • DEVELOPING: Cyber Group Claims it Hacked the Federal Reserve… But Cybersecurity Experts Express Doubts About Claims

    06/24/2024 11:54:44 AM PDT · by bitt · 12 replies
    https://www.thegatewaypundit.com/ ^ | 6/24/2024 | Cristina Laila
    ‘Russian’ cyber group dubbed LockBit claims it hacked the Federal Reserve and exfiltrated 33 terabytes of sensitive banking data. LockBit boasted about the breach on the dark web this week. “33 terabytes of juicy banking information containing Americans’ banking secrets,” LockBit wrote. “You better hire another negotiator within 48 hours, and fire this clinical idiot who values Americans’ bank secrecy at $50,000.” #CyberAttack #USA: US Federal Reserve has been listed as a victim by the LockBit 3.0 ransomware group. The hackers allegedly exfiltrated 33 TB of banking information. Ransom deadline: 25th Jun 24.#Ransomware pic.twitter.com/JGC1YG7y4A — HackManac (@H4ckManac) June 24, 2024...
  • House votes to block Federal Reserve from creating own digital currency

    05/24/2024 11:45:08 AM PDT · by SeekAndFind · 30 replies
    Fox Business News ^ | 05/24/24 | Elizabeth Elkind
    The House of Representatives on Thursday voted along bipartisan lines to advance legislation blocking the Federal Reserve from creating its own central bank digital currency (CBDC). Three Democrats joined all Republicans in voting for the bill — moderate Reps. Jared Golden, D-Maine., Mary Peltola, D-Alaska, and Marie Gluesenkamp Perez, D-Wash. The CBDC Anti-Surveillance State Act was led by House Majority Whip Tom Emmer, R-Minn., and backed by Republican members of the House Financial Services Committee. If passed in both chambers of Congress, the bill would be a significant step toward curbing the federal government's ability to regulate cryptocurrency, but it's...
  • US House Passes Bill To Ban The Federal Reserve From Creating A Central Bank Digital Currency (CBDC).

    05/23/2024 11:06:22 AM PDT · by Enlightened1 · 19 replies
    X (formerly Twitter) ^ | 05/23/24 | Watcher Guru
    US House passes bill to ban the Federal Reserve from creating a Central Bank Digital Currency (CBDC). https://x.com/WatcherGuru/status/1793702722480550398
  • MSNBC's Ruhle wants 'economic explainer' to tell 'confused' Americans they're 'doing quite well'

    05/22/2024 6:21:55 PM PDT · by Libloather · 19 replies
    Fox Business ^ | 5/22/24 | Alexander Hall
    MSNBC host Stephanie Ruhle called upon the president of Chicago’s Federal Reserve to tell viewers that they are economically far better off than they think. "We need an economic explainer," the MSNBC host said. "People are confused, they’re exhausted, but they’re also doing quite well." Ruhle, who hosts MSNBC’s "The Eleventh Hour," had been discussing a recent Federal Reserve report that "shows people are still struggling to cover day-to-day expenses, even as inflation has slowed." She noted how some major brands are responding by enticing consumers with slashed prices, "Target says it is cutting prices on 5,000 essential items, things...
  • Massie and other Republicans push the 'Federal Reserve Board Abolition Act'

    05/17/2024 8:56:17 AM PDT · by Twotone · 25 replies
    The Blaze ^ | May 16, 2024 | Alex Nitzberg
    GOP Rep. Thomas Massie of Kentucky and more than a dozen other House Republicans are pushing a measure that targets the Federal Reserve System. The measure includes text that declares, "The Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished" and "the Federal Reserve Act is hereby repealed." Massie announced the introduction of the measure on Thursday, the same day that the Dow Jones Industrial Average stock index surpassed 40,000 for the first time before ultimately giving up its gains and closing slightly down for the day. 'If we really want to reduce...
  • Mounting Evidence Is Pointing To A Nightmare Scenario For The US Economy

    04/29/2024 6:00:10 AM PDT · by Red Badger · 53 replies
    Daily Caller ^ | April 28, 2024 10:39 AM ET | WILL KESSLER
    The U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation. U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March of 3.5% year-over-year. The combination of both low growth and high inflation, in conjunction with continuously high amounts of government spending and debt, has led to signs of stagflation in the U.S. economy, which wreaked havoc on U.S. consumers throughout the 1970’s, according to experts who spoke to the DCNF. “It’s...
  • Federal Reserve’s Capital Has Now Plummeted to Negative $121 Billion, and Congress Needs To Act

    04/24/2024 8:25:48 AM PDT · by bitt · 25 replies
    https://www.nysun.com ^ | 4/24/2024 | ALEX J. POLLOCK
    Meantime the central bank seeks to palm off on the public the idea that its staggering negative capital is a ‘deferred asset.’ Hold up your hand if you think that the aggregate losses of an organization are an asset of that organization. No hands at all? Absolutely right. Losses are not an asset. That’s accounting 101. Yet the greatest central bank in the world, the Federal Reserve, insists on claiming that its continuing losses, which have accumulated to the staggering sum of $164 billion, are an accounting asset. The Fed seeks to palm off this accounting entry as a “Deferred...
  • URGENT Stock Market Warning Signs

    04/20/2024 7:23:26 AM PDT · by PJ-Comix · 39 replies
    YouTube: WolvesandFinance ^ | April 19, 2024 | Zach De Gregorio
    April 2024 has been a horrible month for the stock market. This Friday I will be doing a live stream and explaining what is happening. I will be discussing some leading economic indicators that no one else has been talking about that suggest trouble for the economy ahead.VIDEO
  • America’s Bonds Are Getting Harder to Sell

    04/15/2024 9:26:51 AM PDT · by george76 · 20 replies
    WSJ ^ | April 14, 2024 | Eric Wallerstein
    A series of weak auctions for U.S. Treasurys are stoking investors’ concerns that markets will struggle to absorb an incoming rush of government debt. ... inflation not tamed ... Federal Reserve will leave interest rates at multidecade highs for .. years to come. The 10-year yield—the benchmark for borrowing rates on everything from mortgages to corporate loans—finished the week around 4.5%... At the same time, the government is poised to sell another $386 billion or so of bonds in May—an onslaught that Wall Street expects to continue no matter who wins November’s presidential election. While few fear a failed auction—an...
  • Trouble At The Fed: Investigation Into Lisa Cook’s Academic Record Raises Questions

    04/12/2024 5:08:25 AM PDT · by jacknhoo · 42 replies
    The Daily Wire ^ | April 10, 2024 | Luke Rosiak and Christopher F. Rufo
    Lisa D. Cook is one of the world’s most powerful economists. She taught economics at Harvard University and Michigan State University and served on the Obama administration’s Council of Economic Advisers before being appointed, in 2022, to the Federal Reserve Board of Governors, which controls the interest rates and money supply of the United States. Despite her pedigree, questions have long persisted about her academic record. Her publication history is remarkably thin for a tenured professor, and her published work largely focuses on race activism rather than on rigorous, quantitative economics. Her nomination to the Fed required Vice President Kamala...
  • DEI: Biden-appointed Federal Reserve Board member Lisa DeNell Cook’s entire academic career has been found to be fraudulent. From faking research data, to outright plagiarism, to lying on her resume

    04/11/2024 7:07:38 PM PDT · by Macho MAGA Man · 89 replies
    Amuse on Twitter X ^ | April 10, 2024 | Amuse
    @amuse @amuse DEI: In another case of ‘Didn’t Earn It’ Biden-appointed Federal Reserve Board member Lisa DeNell Cook’s entire academic career has been found to be fraudulent. From faking research data, to outright plagiarism, to lying on her resume - Cook is in charge of our monetary policy.
  • James O'Keefe - BREAKING, INSIDE THE FEDERAL RESERVE

    04/11/2024 5:13:05 AM PDT · by Twotone · 5 replies
    Rumble.com ^ | April 10, 2024 | James O'Keefe
    Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes. “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant...
  • WATCH: Federal Reserve Principal Economist who Reveals to O’Keefe Media Group that Fed Chair Jerome Powell “Wants to be Remembered in History” for Undermining Trump, Says Conservatives are “Dumb” and Discriminated Against at Federal Reserve

    04/10/2024 5:50:58 PM PDT · by Macho MAGA Man · 54 replies
    The Gateway Pundit ^ | April 10, 2024 | Jordan Conradson
    James O’Keefe’s O’Keefe Media Group has released undercover footage of a Federal Reserve employee admitting to how Federal Reserve Chair Jerome Powell sabotaged President Trump and wants to go down in history as “someone who held the line against Trump.” Principal Economist Aurel Hizmo, a self-proclaimed liberal, told an undercover journalist more about Powell’s hatred for Trump, saying, “As soon as he became Chair, Trump wanted him to lower interest rates. Because when you lower interest rates, it stimulates the economy, and Trump was President. He wanted to stimulate the economy, but he wouldn’t do it. And he started raising...
  • BREAKING, INSIDE THE FEDERAL RESERVE

    04/10/2024 3:03:21 PM PDT · by packagingguy · 67 replies
    Twitter/X ^ | April 10, 2024 | James O'Keefe
    Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes. “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant...
  • What You Know About Money Is ALL Wrong

    04/08/2024 5:11:56 PM PDT · by Twotone · 31 replies
    YouTube.com ^ | April 6, 2024 | Glenn Beck
    “Banking is slightly illegal,” says world-renowned economist Richard Werner, who is leading the charge against CBDCs. In this episode of "The Glenn Beck Podcast," Richard teaches Glenn that “banks don’t take deposits, and banks don’t lend money.” That begs the question, “What do banks actually do?” This discussion may make you realize that all you think you know about money is wrong. That’s not all we don’t know about the economy. We also have no clue which banks make up the Federal Reserve, who created Bitcoin, or the real relationship between inflation and interest rates. But we do know that...
  • Fed posts record loss of $114.3B in 2023 as aggressive rate hikes upend finances

    03/26/2024 12:17:37 PM PDT · by ChicagoConservative27 · 8 replies
    NY Post ^ | 03/26/2024 | Reuters
    The Federal Reserve said Tuesday that it officially saw a net negative income of $114.3 billion in 2023, a record loss tied to expenses related to managing the central bank’s short-term interest rate target. The loss last year follows $58.8 billion in net income in 2022, the Fed said. The numbers released were an audited tally following preliminary numbers reported earlier this year. The Fed has stressed repeatedly that net negative income does not impede its ability to operate or conduct monetary policy. By law, the Fed hands over any profits after covering operational expenses to the Treasury.