G. Edward Griffin, author of "The Creature From Jekyll Island," discusses the Federal Reserve, the one-party political system, and how the Fed is used to skim wealth from the producers. http://www.youtube.com/watch?v=-X5ISQJEpV0&feature=player_embedded
In a recent article, I pointed out that the election year cycle "rich-versus-poor" fight is being ramped up by the media in an effort to get people thinking once again in terms of "us-versus-them," "left-versus-right," etc, etc. PIMCO's El-Erian had this to say about income inequality: "The Federal Reserve and other central banks may have [...]
Repeat after me: "Do you want fries with that, sir?" I think what Obama really said was "I hope you can learn to count change." The job rate among 18-24 year-olds is the worst level since 1948; only 54% have a job. Plus, wages are down for youth workers while they have risen marginally for [...]
...as I assured you they would. Just wanted you to know.
The RTD recently ran a series of articles about the status of the state employee pension system in Virginia. I thought the attempts at reassurance were very humorous, right along with the justification for the high salaries. Public employees: Your futures are being stolen by this crisis, just like everyone else's. There is no future [...]
Ventura's question to Ron Paul: "What was the Fed's role in this current financial collapse ...?" R. Paul's answer: Ventura TruTv Ron Paul
From the Federal Reserve's web site: The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to [...]
What Do We Call It When An Unelected, Unaccountable, And UnAuditable NGO Engages In “Fiscal Policy”?
"FEDERAL RESERVE BANK OF THE UNITED STATES" (Reuters) - The Federal Reserve's latest easing program is fiscal, not monetary policy, and does not have much credibility, Philadelphia Federal Reserve Bank President Charles Plosser said on Wednesday. Treasury debt issuance could undo much of the effect of the Fed's attempt to lower borrowing costs, known as [...]
Everyone has an agenda, me included. Look for them. They're embedded in everything you see, hear, and read. You...YOU...have to be informed and stay informed. Take nothing at face value. You...YOU...have to be ready. Remember this guy? http://www.youtube.com/watch?v=VjMTNPXYu-Y&feature=related It's not just Rahm who thinks that. All of the power players think the same thing: "How [...]
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 [...]
You thought my last piece on "Bond Vigilantes" was a joke, didn't you? NOPE. On Zerohedge today: The Bond Vigilantes Are Here: US Net Notional CDS Outstanding Surpasses Greece For The First Time As the first chart below shows [follow the link to see the charts and the article], of the Top 25 CDS outstanding [...]
The chart below is "Total Credit Market Debt Owed," direct from the Federal Reserve's graphical web interface "Fred Graph." Anyone can see that the graph had gone parabolic right before the onset of the Great Recession. Anyone can see that this rate of ever-faster accumulation of debt couldn't continue. And, it didn't continue, it stopped. [...]