Tag Archives | Federal Reserve

Federal Reserve Prints More “Money”; Let’s Return to Scene of the Crime: Jekyll Island

Wipe Away that 'Quantitative Easing'Media Monarchy reports:

The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.

The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in the aftermath of the worst recession since the Great Depression. [Which they engineered. Don’t forget that. The FED/Banksters do nothing by accident — that would make me an “accident theorist.”]

The U.S. central bank said it would buy about $75 billion in longer-term Treasury bonds per month. It said it would regularly review the pace and size of the program and adjust it as needed depending on the path of the recovery. In its post-meeting statement, the Fed described the economy as “slow”, and said employers remained reluctant to add to payrolls.

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Coming Soon: A New American Civil War?

US-FederalReserveSystem-SealIt’s a crazy thought, but Stephen Gandel at TIME suggests that “The Creature From Jekyll Island,” better known to most Americans as our privatized central bank, the “Federal” (ain’t nothing federal about it) Reserve, could trigger a new civil war:

What is the most likely cause today of civil unrest? Immigration. Gay Marriage. Abortion. The Results of Election Day. The Mosque at Ground Zero. Nope.

Try the Federal Reserve. November 3rd is when the Federal Reserve’s next policy committee meeting ends, and if you thought this was just another boring money meeting you would be wrong. It could be the most important meeting in Fed history, maybe. The US central bank is expected to announce its next move to boost the faltering economic recovery. To say there has been considerable debate and anxiety among Fed watchers about what the central bank should do would be an understatement. Chairman Ben Bernanke has indicated in recent speeches that the central bank plans to try to drive down already low-interest rates by buying up long-term bonds.

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Defeating The New World Order and Creating a New Society That Allows Capitalists and Communists to Live Together in Peace After Establishing a New Constitution

The bureaucracy, inefficiency, waste, national debt, loss of states’ rights, erosion of individual rights, my experience in the public schools, and the military interventionism of our government caused me to become a libertarian capitalist, until recently.  In my younger, college days, I was very concerned about poverty and world hunger.  My parents were quite alarmed when I told them I was a democratic socialist.  I also believed that a democratic, world federal government would abolish the foolish wars that result from national rivalry.  My favorite expression was from Karl Marx: “From each according to his ability, to each according to his need.” Years later, my concern about environmental degradation motivated me to attend the first national conference of the Green Movement in 1987. [1] Six people from Indiana attended, and I was one of them.

So whether it is the result of being wishy-washy or seeing the limitations of various political ideologies, I can say I have been on both sides of the fence.  … Read the rest

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High Frequency Terrorism: How the Big Banks and Federal Reserve Maintained Their Death Grip Over the United States

NYSEBy David DeGraw & Max Keiser, AmpedStatus Report:

The following article is the third-part of a six-part report titled: “The Financial Oligarchy Reigns: Democracy’s Death Spiral From Greece to the United States.” The full report is available here.

III: Financial Terrorism Operations: 9/29/08 & 5/6/10

In the aftermath of Goldman Sachs’ public flogging before the world in Congress, and while under investigation, on the very day that Congress was voting on the “break up the too big to fail banks” amendment and cutting behind the scenes deals to gut the audit of the Federal Reserve, the stock market had its greatest sudden drop in history, plummeting 700 points in ten minutes – shades of September 29, 2008 all over again.

If you recall, back in September ‘08, as Congress was voting down the first bailout, the big banks made the market plunge a record 778 points in one day, fear and panic then led Congress to pass the bailout.

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The New U.S. $100 Bill

It’s both amusing and exasperating to see such great effort to bolster the authenticity of our currency. Especially knowing it holds no “real” value to begin with. Here’s what newmoney.gov has to say about it:


Officials from the U.S. Department of the Treasury, the Federal Reserve Board and the United States Secret Service today unveiled the new design for the $100 note. Complete with advanced technology to combat counterfeiting, the new design for the $100 note retains the traditional look of U.S. currency.

“As with previous U.S. currency redesigns, this note incorporates the best technology available to ensure we’re staying ahead of counterfeiters,” said Secretary of the Treasury Tim Geithner.

“When the new design $100 note is issued in TBD, the approximately 6.5 billion old design $100s already in circulation will remain legal tender,” said Chairman of the Federal Reserve Board Ben S. Bernanke. “U.S. currency users should know they will not have to trade in their old design notes when the new notes begin circulating.”

The redesigned $100 note includes two new advanced counterfeit-deterrent security features, in addition to effective security features from the previous design.

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The Keiser Report: Markets! Bubbles! Finance! Scandal! And Dean Baker!

The Keiser Report on Russia TV:
This is the special Alan Greenspan bubble addition in which Max takes out several props and we talk about the scandals of financial crisis “show trials” in America; Citigroup alleges they could not possibly have predicted the collapse of a very obvious housing bubble; and former Fed Chairman, Alan Greenspan, tells the show trial commissioners that the financial world is far too complex for mere mortals. In the second half of the show, Max talks to economist Dean Baker about Citigroup’s alleged profits:
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2008 Financial Collapse: The Greatest Calamity The World Has Ever Known

The year is 2010 and to anyone not in denial, the industrialized nations have entered the greatest calamity the world has ever known:

  • 35 Million Americans on Food Stamps: 12 Percent of U.S. Population on Food Stamps Highest Since Records Kept in 1969, and that’s before the Obama administration announced a planned three-year budget freeze on government discretionary spending. (My Budget 360)
  • 18 Million empty houses in the United States and 39 million Americans who are no longer working or looking for work, and that’s before Federal Reserve finishes rewriting the rules of American “capitalism” as US Housing, the Automobile Industry and the American Dream are dismantled. (The 31-Year-Old in Charge of Dismantling G.M., David E. Sanger)

“There are now well over 150 million Americans who feel stress over these things on a consistent basis. Over 60 percent of Americans now live paycheck to paycheck.”  (The Economic Elite vs.Read the rest

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