ON AIR NOW
Click to Play
According to Scotia Capital, the real sovereign debt problem is lurking in two of the world's biggest economies, the U.S. and Japan. In fact, they rank the U.S. the weakest sovereign for its current debt position.
WASHINGTON - The Federal Reserve scored a political victory on Wednesday as Democrats mulling financial reform backed off measures that would expose monetary policy to audits and make the head of the New York Fed a political appointee.
The US Treasury is once again running on cash fumes, with total US Treasury cash down to $4.3 billion in the Treasury's Federal Reserve account. The US Treasury has now rolled $320 billion in total treasuries in the first ten days of the month...
While the conventional wisdom in Washington appears to focus largely on the need to lower the federal government's budget deficit, rather than on reducing the nation's nearly 10 percent unemployment rate, Federal Reserve Chairman Ben Bernanke sent a
Bernanke talked about the need for U.S. leaders to take control of the nation's deficits over the medium term, some three to six years from now, in a way "that will allow us to bring our fiscal house in order over a long period of time."
Dan Fuss, who manages the Loomis Sayles Bond Fund, said last week that he sold all of his Treasury bonds because of prospects interest rates will rise as the U.S. borrows unprecedented amounts.
"President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle."
Still don't understand the Fed? Check out this short video.
Are you... Fed Up In Missouri... with government and politicians?
Appearing on The Alex Jones Show yesterday, Congressman Ron Paul revealed that through his inside sources he had learned that the people who control the Federal Reserve are panicking about the fact that Americans are waking up to the fact that the U.
"It’s frightening," said Professor Tim Congdon from International Monetary Research. "The plunge in M3 has no precedent since the Great Depression. The dominant reason for this is that regulators across the world are pressing banks to raise capital..
Yesterday, when checking the mail, my heart stopped for a few seconds. Large yellow envelope from the Federal Reserve are not something I typically see in my mailbox. After seeing those envelopes, I instantly thought “Oh man.. WTF did I do this time?
I’ve also noticed with the new swap language that looks like the ECB can roll over the dollar loans in perpetuity. This makes payback strictly voluntary, and renders the transactions fiscal transfers rather than loans...
For a variety of reasons this can't wait for the overnight post. Twist's just come up with the calculation that the $21.536 billion combined weekly drop in foreign central bank holdings of treasuries plus agencies is the largest one in the decade-lo
Taleb's advice: stay away from Treasuries (especially long-term), avoid both the euro and the dollar, have a collection of metals and agricultural land exposure, and "use the stock market as something for entertainment not investment."
The American Public is demanding for it and they may be getting a two for one deal. An audit of the Federal Reserve will be conducted; specifically its dealings with financial institutions right before and after the financial crisis
Ron Paul on Senate's Failure to Pass Vitter Amendment: Congress Must Assume Its Responsibilty to Reign in the Fed
In the meantime, America still pretends it is not a bankster-controlled despotic regime, in which the wealth of the middle class is funneled every day into the Wall Street/Propaganda ponzi.
Foreign central banks will print up any amount of money they want in their currency and the Fed will print up an equal amount of dollars that they will then loan to the foreign central banks who will then loan the funds to the banksters...
For the first time since the Federal Reserve was created, they have hired an lobbyist to pound the pavement on Capitol Hill. This is a desperate effort to hang on to the privilege of secrecy and lack of accountability they have enjoyed for so long.
With what authority does Bernanke effectively appropriate? Was there an appropriation bill that I seem to have missed by Congress? Or has Bernanke, once again, decided on a unitary basis to entirely ignore the US Constitution?
May 7th update on the Federal Reserves M-3 Money supply. By Contracting the money supply the Government can keep the screws on lending while interest rates are at a historic low. It is impossible to have green shoots under these conditions.
So not only are Americans bailing out our own too big to fail banks, but we're bailing out foreign mega-banks as well.
When we learn that the Fed is funding Europe with big money there will be a backlash. The Fed is already in hot water for their easy money policy. A $500b loan to Europe by the Fed will not go over too well with the folks in America.
We have gotten to the point where the roll issue is not a monthly concern, but is becoming a weekly funding threat, and even daily. Of course, as we speculated in December, what better way to raise demand for Treasuries than stage an equity selloff.
The Fed is considering reopening swap lines with central banks, likely in conjunction with the rumored rescue package. This is the news that shot the market up in the last 10 minutes of trading as the Fed would never allow the market to close...
Inflation that’s too low raises the possibility of outright deflation and doesn’t ease the real burden of debt, Bernanke said in a 2003 speech. A falling inflation rate also increases real interest rates, effectively tightening monetary policy, he sa
Good for Ron Paul for telling Rahm and his little pro-bank whip operation to get stuffed. He’s seizing a moment of transpartisan anger at the banks and he’s pointing it straight at the Wall Street apologists. It will be interesting to see how far..
Let's put them under some degree of restraint before it all comes crashing down, on us."
RELATED: Congressman Ron Paul (R-TX), founder of 'Audit the Fed' movement, insists amendment allows Fed to keep its secrets
