KingWorldNews audio interview with Jim Rickards: Fed likely to engage in "nominal GDP targeting," "Ben Bernanke and Tim Geithner are a greater threat to the national security of the United States and the value of the US Dollar than any adversary of the United States." Eighteen minutes. Click on this link to download and listen.
Irresistible force, let me introduce you to immovable object? Economy in Congress’s Hands As Fed Runs Out of Bullets Ben Bernanke took a lot of flack from politicians ahead of the central bank’s statement on Wednesday. But now after the Federal Reserve chairman downgraded the economic outlook and initiated a Treasury-buying program in an attempt [...]
This article appeared as an Op-Ed in Forbes: Follow the link above and read the whole thing. Teasers: "I’ll make two predictions with utter confidence. The first is that one day Federal Reserve Chairman Ben Bernanke will be ridden out of town on a rail, joining Arthur Burns in that special circle of hell reserved [...]
Bernanke speaks on Wednesday, justifying dollar debasement; The FOMC (Open Market Committee) released their statement at 12:30 pm. The dollar promptly tanks, and wholesale prices rise commensurately. U.S. Dollar Index: Meanwhile, former (Bush II) Treasury Secretary Paul O'Neill makes this statement Wednesday during an interview on Bloomberg: "I think the people who are threatening not [...]
Where do I start? ZOMG. Item #1: The Ben Bernank is where he belongs, on the defensive. Let's keep him there. The Bernank had to go on friendly government TV for a softball interview with 60 Minutes. The Bernank: "One myth that’s out there is that what we’re doing is printing money. We’re not printing [...]
“Arrest him!” he said. “Arrest him!” “Why?” said helpless Uncle Sam. “Because he’s stolen my wallet and my shorts. And, if I turn my back again, he’ll take the shirt off my back!” And so goes the story between Joe Citizen and Uncle Sam as they ponder what to do about Ben Bernanke. Then one [...]
There's a lot happening, so this installment is teasers and links to several important financial news items. Bloomberg: Bernanke Asset Purchases Risk Unleashing Inflation (Update1) Bernanke next week is likely to preside over a decision to launch another round of large-scale asset purchases after deploying $1.7 trillion to pull the economy out of the financial [...]
The words in the title are attributed to investor James Dines. On the other hand, we have the PhD-holding geniuses at the Fed saying things like this: But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes [...]
There's a reason why the Constitution specifies that only gold and silver shall be money: paper currencies are too easy to print when you start to run low. The chief counterfeiter at the Federal Reserve is very good at proving the point. "Credit bubble" is a misnomer; what we are suffering from is the aftermath [...]
