Tag Archives | Federal Reserve

The U.S. Government Can’t Print Money Properly

Money MisprintSounds weird given the Fed's policies over the last decades, but read on. (Only in America.) Zachary Roth writes on Yahoo News:
As a metaphor for our troubled economic and financial era — and the government's stumbling response — this one's hard to beat. You can't stimulate the economy via the money supply, after all, if you can't print the money correctly. Because of a problem with the presses, the federal government has shut down production of its flashy new $100 bills, and has quarantined more than 1 billion of them — more than 10 percent of all existing U.S. cash — in a vault in Fort Worth, Texas, reports CNBC. "There is something drastically wrong here," one source told CNBC. "The frustration level is off the charts."
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Fed Bailed Out McDonalds & GE – With Your Money

McDonald's logoGeneral ElectricSuppose you were an idiot, and suppose you were a member of Congress; but I repeat myself. — Mark Twain

Craig Torres and Scot Lanman writing for Bloomberg:

The Federal Reserve’s emergency lending during the financial crisis spanned the global economy, from the largest U.S. financial firms to community banks, hedge funds and a fast-food company.

The Fed, in compliance with orders from Congress, today named recipients of $3.3 trillion in emergency aid. Among them were U.S. branches of overseas banks, including Switzerland’s UBS AG; corporations such as General Electric Co. and McDonald’s Corp.; and investors like Pacific Investment Management Co. and computer executive Michael Dell.

Lawmakers demanded disclosure, over the Fed’s initial objections, as U.S. central bankers pushed beyond their traditional role of backstopping banks to stem the worst financial panic since the Great Depression. The Fed posted the data on its website to comply with a provision in July’s Dodd- Frank law overhauling financial regulation.

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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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