Free Republic

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...

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

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...

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...

@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.

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...

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...

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...

“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...

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.

BitcoinBTC 0.0% and the wider crypto market have pulled off a dramatic recovery over the last year, with the bitcoin price up 100%, ethereum up 60% and XRPXRP 0.0% up 35%. In early 2021, the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), flew past $50,000 per coin for the first time. After falling about 75% from its all-time high in the inflation-powered crisis of 2022, the cryptocurrency had a lot of ground to make up. But on Feb. 12, Bitcoin finally surged past $50,000 once again. The price of Bitcoin is rising at an incredible pace. As of this writing, it's...

A wave of inflationary signals means that the Federal Reserve's next move could be a rate hike, former Treasury Secretary Larry Summers said. "There's a meaningful chance, maybe it's 15%, that the next move is going to be upwards in rates, not downwards," Summers said during an interview on Bloomberg TV on Friday, adding that the Fed has to be "very careful." His read on recent key inflation indicators in January, including a 3.1% year-over-year increase in the consumer price index and a 0.9% rise in the producer price index, formed the basis of his rationale. He added that the...

Maybe the problem with all of the government can be summarized by what the Federal Reserve is doing. The Federal Reserve lost $114.3 billion in 2023 and doesn’t seem to care. Maybe that is why the federal government has run up $34 trillion in debt, while they pretend government programs are paid for. They don’t care. They can always print more money. So what does the Federal Reserve do on its books when it has this massive loss? It just books a fictitious asset and fictitious equity. It cooks the books. It has no justification to claim it has money...

The Federal Reserve quietly lost a fortune in 2023 as interest it pays out to banks swamped the interest it earns on its bond portfolio, data released by the central bank Friday showed. The Fed said it lost roughly $114.3 billion in 2023, its largest-ever annual loss. The losses occurred because the money the Fed pays banks for reserves held at the central bank exceeded the interest earned on the mortgage bonds it holds. The Fed has been raising the interest rate paid on reserves alongside the hikes on the benchmark federal funds rate to stem the worst inflation in...

On December 23, 1913, President Woodrow Wilson signed the law creating what would become the world's most powerful financial institution. For me it's probably the most destructive institution that has been created As long as the Fed has been around, it has swung the economy between inflation and recession. Politicians created a fully government-run institution to bail out government and bad banks alike: the Federal Reserve. Since its founding, the Fed has stolen 98% of the value of a dollar. It has used those profits to repetitively launch boom-bust cycles. Click excerpt link for more...

The dream of homeownership in the U.S. is fading as the math for buying a home undergoes a significant shift, according to a recent Wall Street Journal report. The Federal Reserve’s decision to raise interest rates has had a profound impact, making homeownership a distant goal for many Americans, even those who were financially within reach just a few years ago. While the pandemic already inflated home prices, low mortgage rates provided some relief. However, the landscape changed dramatically as the Federal Reserve raised interest rates to combat inflation. With rates now higher, the dream of homeownership has become less...

Two things challenge this idea. First, in August 2019, Former New York Fed President Bill Dudley wrote an opinion column for Bloomberg (www.bloomberg.com/view/articles/2019-08-27/the-fed-shouldn-t-enable-donald-trump) where he insisted that the Fed allow the economy to suffer to prevent then-President Trump from getting re-elected in the 2020 election.

While members of the Biden Administration party at DC nightclubs, the rest of America are drinking Carlo Rossi wine (a favorite of mine in high school!) and eating Spam. The average U.S. household needs an additional $11,434 per year to maintain the same standard of living due to record-high inflation under the Biden administration. While hourly pay has increased, inflation has outpaced it. Spending on basic survival needs like food, transportation, housing, and energy has increased, with households in the Mountain West facing the highest rates of inflation. “We choose January 2021 as the base month because it was the...

Ten members of the banking community are working with the New York Innovation Center (NYIC), which is part of the Federal Reserve Bank of New York, to explore the feasibility of the regulated liability network (RLN) — an interoperable digital money platform. The proposed RLN would use distributed ledger technology to improve financial settlements and would include central banks, commercial banks and regulated non-banks, the participating firms said Tuesday (Nov. 15) in a press release. “The 12-week PoC [proof of concept] will test a version of the RLN design that operates exclusively in U.S. dollars where commercial banks issue simulated...

The 10-year Treasury yield set off roaring alarms about the U.S. budget when it surged to 5% last month. Now those warnings look like a fire drill. Federal Reserve rate hikes seem to be over for now, giving the bond market a reprieve and allowing a powerful S&P 500 rally to resume. Enjoy it while it lasts. The next debt scare may be the real thing, and it could rock the U.S. economy and stock market. Here's why: The Fed's historic turnabout, from enabling massive budget deficits to directing the sharpest rate hikes in 40 years, has seemingly broken the...