Tag Archives | Federal Reserve

Federal Reserve President: ‘QE Was A Massive Gift Intended To Boost Wealth’

So sayeth Richard W. Fisher, President and CEO of the Federal Reserve Bank of Dallas, according to Tyler Durnden writing at Zero Hedge:

With Bernanke gone, the remaining Fed members knowing full well they will be crucified, metaphorically of course (if not literally) when it all inevitably comes crashing down, are finally at liberty with their words… and the truth is bleeding out courtesy of the president of the Dallas Fed, via Bloomberg.

FISHER SAYS QE WAS A MASSIVE GIFT INTENDED TO BOOST WEALTH
Which incidentally coincides with Bernanke’s heartfelt “admission” that “my natural inclinations, even if it weren’t for the legal mandate, would be to try to help the average person.” As long as helped to boost the wealth of the non-average billionaire., all is forgiven. “The result was there are still many people after the crisis who still feel that it was unfair that some companies got helped and small banks and small business and average families didn’t get direct help,” Bernanke said.

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Government Shutdown and Appointment of Janet Yellen Guarantees Flow of Funds to Wall Street: They are reducing “two-thirds of this country to subsistence level”, Chris Hedges

via chycho

Yellen Submarine

It’s no secret that the only reason the markets have been roaring – since bottoming out in March 2009, the DOW is up approximately 125% and The S&P 500 approximately 120% – is because of unlimited quantitative easing to the tune of $85 billion a month, a last resort, desperate measure that the FOMC began in 2012 to maintain its ‘growth’ targets. The end result of this program has essentially been the transfer of wealth from Main Street to Wall Street.

In terms of types of financial wealth, the top one percent of households have 35% of all privately held stock, 64.4% of financial securities, and 62.4% of business equity. The top ten percent have 81% to 94% of stocks, bonds, trust funds, and business equity, and almost 80% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America.”


click to enlarge – source

How this plays out with the ‘government shutdown’ and the fears that we will enter a recession if the U.S.

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State Government Of Texas Moves To Hoard Its Gold

Does a Texas legislative session resemble a Yosemite Sam Looney Toons clip? Because that’s what I’m picturing. The Fort Worth Star-Telegram reports:

Call it the Rick Perry gold rush: The governor wants to bring the state’s gold reserves back from a New York vault to Texas. A bill from Rep. Giovanni Capriglione would establish the Texas Bullion Depository, a secure state-based bank to house $1 billion worth of gold bars owned by the University of Texas Investment Management Co. and stored by the Federal Reserve.

The idea isn’t entirely new. Gold-standard-backing Ron Paul has raised repeated concerns about the safety of states’ gold supplies. “If you think gold is a hedge, or a protection, you always want it as close to the individual and the entity as possible,” Paul told The Texas Tribune on Thursday.

“If we own it,” Perry said, “It’s not someone else’s determination whether we can take possession of it back or not.”

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Supernatural: Magic and Spelling as Mind Control – Gnostic Media interviews Jose Barrera #157

Via Gnosticmedia.com


You may be part of a secret society and not even know it indeed.

This episode is with an interview with Jose Barrera, titled “Supernatural: Magic and Spelling as Mind Control” and is being released on Wednesday, January 09, 2012. This interview with Jose was was recorded on Saturday, January 05, 2013.

Jose Maria Barrera was born in Bogota, Colombia and came to the United States eighteen years ago to do research in Neuroscience. He is a photographer and creates graphical user interfaces for software applications. Jose holds a B.S. in Systems Engineering and a M.S. in Computer Science from NYU. He recently moved from New York back to South America, this time settling in Sao Paulo, Brazil.

References:

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Ben Bernanke Confronted on Secret Federal Reserve Bailouts

Luke Rudkowski got yet another chance to question the current chairman of the Federal Reserve, Ben Bernanke. The last time the two met, Bernanke was not in a talkative mode and since Luke only had one chance to ask one question he decided it had to be an important one. Luke asked Bernanke about the 2007 – 2010 secret trillion dollar Federal Reserve bailouts, that only recently came to light from a partial audit of the Federal Reserve. Barnanke was not happy with the question but since no one in the main stream media ever questioned Bernanke on the biggest bailout in world history, Luke had to seize the chance. During the in-prompt to interview Bernanke actually grabbed Luke’s microphone and tried to snatch it away from him but sadly the video did not capture his hands on the microphone.

Via WeAreChange

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Ron Paul Says Someone Needs to Ask the Fed Question

Ron Paul is going to be asking the “Fed Question” until the day he dies. Probably the day after too. But will anyone else pick up the mantle? From the Wall Street Journal:

It has been a tough summer and fall for Ron Paul.

In June, he conceded the Republican presidential nomination. In August, he turned down a chance to speak at the Republican convention when he reportedly was told he would have to fully endorse Mitt Romney. A video tribute to Mr. Paul ran instead.

His delegates were barred from and accused of disrupting the party proceedings.

And now through three presidential debates, the Texas congressman’s pet issue, monetary policy, has been ignored. “They don’t want to talk about it,” Mr. Paul said in an interview Tuesday.

He added sarcastically: “It’s not important enough. It’s only half of every single transaction in the world.”

You would think that even if Ron Paul the presidential candidate has failed, Ron Paul the Fed critic would be alive and well, front and center in the national debate.

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