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Putin Says The Petrodollar Must Die
• zerohedge.comPresident Vladimir Putin said on Thursday Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging Russia's economy.
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President Vladimir Putin said on Thursday Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging Russia's economy.
Here is a graph of the Monetary Base from the St. Louis Fed.
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The Federal Reserve's latest easing program may be nicknamed "QE Infinity" on Wall Street, but it's having a very limited effect on the markets and economy so far.
The Federal Reserve continues to pump up this "bubble economy" by recklessly printing money and by setting interest rates artificially low, and the U.S. Congress continues to stand aside and allow them to systematically destroy our economy.
Great paragraph here from Ben Bernanke from his speech this afternoon.
My topic today is "Five Questions about the Federal Reserve and Monetary Policy." I have used a question-and-answer format in talks before, and I know from much experience that people are eager to know more about the Federal Reserve, what we do, and
It’s been rather quiet on the Ron Paul front, but the presidential candidate recently questioned Federal Reserve Chairmen Ben Bernanke on monetary policy, one of the Libertarian’s favorite themes.
The Federal Reserve did not help the Watergate burglars get cash, stonewall congressional inquiries in the 1970s political scandal or help Iraqi leader Saddam Hussein get a $5.5 billion loan to purchase weapons in the 1980s, the agency's inspector ge
Wow (the Bloomberg girl is too bubbly) but Grant scares me with what he has to say.
Jerome Powell, 58, worked on Wall Street before joining the Treasury in 1990 and eventually became undersecretary for domestic finance.
You've seen them popping up EVERYWHERE, and you've read every word. The captivating nature and prime time attention is making notepad rants the viral way to get your opinion across on the Occupy-filled airwaves. Today is the day you can take a swin
What happens when a “rogue” country threatens to bring the banking system that benefits the corporatocracy to its knees? What happens to an “empire” when it can no longer effectively be overtly imperialistic?
Raise your hand if you knew that the United States has been extending billions of dollars in aid to Qaddafi and to the Central Bank of Libya, through a Libyan-owned subsidiary bank operating out of Bahrain.
Sen. Bernie Sanders (I-Vt.) today questioned why the Federal Reserve provided more than $26 billion in credit to an Arab intermediary for the Central Bank of Libya.
Congressman Paul discusses the documents the Fed released by court order on Bloomberg TV
So there is this meeting in Nanjing where all countries but one are trying to figure out how to get rid of the USD as the world's major reserve currency, one country is trying to keep it's currency as the world's major reserve currency but have it...
But aside from the SDR eventually being forced upon us all, Stiglitz clearly wants to make the SDR the money of central bankers, now. Stiglitz, Geithner, Bernanke and the rest of crew know the days are limited for the dollar as the reserve currency
U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company
Arab Banking Corp., the lender part- owned by the Central Bank of Libya, used a New York branch to get 73 loans from the U.S. Federal Reserve in the 18 months after Lehman Brothers Holdings Inc. collapsed. The bank, then 29 percent-owned by the Li
Here's one for the WTF files. While it is neither a secret that back in 2009 America had a thriving relationship with the world's suddenly most hated man Moammar Gaddafi only to turn around and bomb him, nor is it surprising since after
Traders are saying the scariest moment of the second quarter will be on April 27, when Federal Reserve Chairman Ben Bernanke will hold the first ever press briefing following a monetary policy decision by the central bank.
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If the U.S. dollar is being devalued so rapidly, then why does it sometimes increase in value against other global currencies? Well, it is because everybody is recklessly printing money now.
"money does not have to be borrowed into existence, it can be spent into existence by the state for so long as that money's recipients show a willingness to accept it as a medium of exchange - and that is exactly what we have at work here...
They must put something in the water at the Fed, certainly the Board of Governors and the New York Fed. Everyone there, or at least pretty much everyone who gets presented to the media, seems to have an advanced form of mental illness...
U.S. Federal Reserve Chairman Ben Bernanke defended easy money policies in advanced economies against the charge they are overheating emerging markets, saying factors such as exchange rate rigidity are also to blame.
The Fed jump-started the stock market with two rounds of massive easing commonly known as QE1 and QE2. Not coincidentally, the market bottomed in March 2009 just as QE1 got underway.