Tag Archive for Federal Reserve

Recurrent Crises Will Get Bigger And More Disastrous

Zero Hedge brings us commentary on William Black’s interview with PBS. Take note, this is important. The ever insightful William Black sits down with PBS’ Paul Solman to note that most of the too big to fail banks are currently insolvent, that mortgage fraud is pervasive and lender complicit, and that unlike in previous systemic…

Financial Times: US To Lose AAA Credit Rating

I know most of you were educated in public schools, thus don’t really care what credit rating you or the government have, but trust me when I tell you this is a big deal. FT reports: Moody’s Investors Service fired off a warning on Wednesday that the triple A sovereign credit rating of the US…

Bloomberg: US May Lose 824,000 Jobs

Bloomberg is reporting that revised job data may show an additional job loss of 824,00 jobs: Feb. 3 (Bloomberg Multimedia) — The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the…

Timothy Geithner To Amerika: I'm Sorry For Getting Caught

Treasury Secretary / Criminal Looting Thug, Timothy Geithner, stood before congress today and stomped his feet demanding congressman Issa be arrested for interfering in a criminal looting operation. Geithner, who was called before congress to explain why his criminal looting operation was publicly discovered, revealed that he had no good excuse for the failure of…

Money As Debt Unleashed Full Video

I’ll wager a good number of the visitors to this site have seen Money as Debt, here is the second installment of that feature. Money As Debt Unleashed I don’t agree with the “government creation” electronic gold idea at the end, but I do agree with their description of how the monetary system loots the…

Fwank: Audit The Fed? Not A Chance.

Huff Po reports: A House-passed provision to open up the Federal Reserve to an audit by the Government Accountability Office is unlikely to be included in the Senate reform package, Barney Frank told a meeting of House Financial Services Committee members Wednesday, according to people in the room. Frank, chairman of the committee, told the…

Competing Currencies

How competing currencies can get us out of the financial mess and put an end to the criminal practices of the private federal reserve bank: Ron Paul, as usual, knocks it out of the park. Economic freedom is the answer to our problems, not more big government regulations. Dr. Paul comments further on competing currencies here.

Government Is Too Big to Succeed

Ron Paul explains why this is the case: It is big government that gives out tax breaks to engineer behavior, often creating large pockets of malinvestments. It is government that created the FDIC and the Fed as lender of last resort which all encourages moral hazard. It is big government that gives bureaucrats the ability…

A Lesson In Moral Hazard – Blaming Capitalism Is Wrong

Why blaming capitalism for the problems of fascist government policy is wrong: It doesn’t take a rocket scientist to figure out that when you back junk sub-prime loan packages with tax payer dollars, lenders have a massive incentive to make outrageous loan deals. The “fraud” is the moral hazard our government created when it backed…

Rothschilds & Rockefellers: Trillionaires Of The World

Infowars fills us in on the history of these two powerful families. Rothschild describing the Federal Reserve central banking system: …Letter written from London by the Rothschilds to their New York agents introducing their banking method into America: “The few who can understand the system will be either so interested in its profits, or so…