"The Federal Reserve said Wednesday it will shuffle $400 billion of its portfolio to try to drive down long-term interest rates and get the economy going. But economists doubted it would do much good, the stock market sold off, and the Fed itself was unusually divided over the strategy." (09/21/11)
http://onforb.es/n1jEbo"There are only two ways for government to acquire funds. One is by 'taxes, duties, and imposts' and the other is by 'printing press' money. The current printing press money is by issuing government securities (as detailed above) and tends to cause less public outrage than raising taxes." (08/11)
http://www.scribd.com/doc/62167283/CRIMES-OF-THE-FEDERAL-RESERVE
Cato Institute "The August 9th meeting of the Federal Open Market Committee -- the policymaking arm of the Fed -- was widely expected to be largely uneventful. It was anything but. Instead, the Fed issued a press release in the aftermath of the meeting that caught even its closest watchers off-guard, and is indicative of the state of turmoil in the U.S. economy and financial markets." (08/11/11)
http://www.cato.org/pub_display.php?pub_id=13562"Federal Reserve Chairman Ben Bernanke was back on Capitol Hill Thursday, warning that failure by Congress to raise the debt ceiling would be 'a calamitous outcome.' Bernanke, testifying before the Senate Banking Committee, warned that even if the federal government continues to pay interest to Treasury holders, the inability to make other payments would be a shock to the entire financial system." [editor's note: "Calamitous" for what, other than the state's undeserved reputation for being able to keep a Ponzi scheme going longer than anyone else? - TLK] (07/14/11)
http://money.cnn.com/2011/07/14/news/economy/bernanke_testimony/"Amid increasing domestic political pressure and turbulent global economic conditions, the Federal Reserve said Wednesday it would let its massive bond-buying program expire in a matter of days and announced no new initiative to prop up the American economy -- even as the central bank downgraded its economic assessment to reflect the sputtering recovery." (06/22/11)
http://tinyurl.com/6jf9cfl"Wiretaps, surveillance, and searches of private property cannot be authorized and executed without a warrant issued by a judge, who (hopefully) maintains the commitment to privacy enshrined in the Constitution under the fourth amendment. However, the Federal Reserve has essentially assumed plenary power for authorizing and executing these privileges against Wall Street banks by means of its almost 2,000 undercover federal regulators who monitor everything from employee lunch conversation to 'financial performance,' hoping to catch banks slipping up in regards to regulations and working to provide inside information to federal regulators about the inner workers of these financial firms." (06/20/11)
http://www.openmarket.org/2011/06/20/the-cloak-and-dagger-fed/"Well, Ben Bernanke can’t say he wasn’t warned. You may recall, the hacker group known as Anonymous issued a demand on March 11 that Bernanke step down as Fed chairman. 'We aim to break up the global banking cartel centered at the Federal Reserve, International Monetary Fund, Bank of International Settlements [sic] and World Bank,' their video manifesto declares. ... Fast-forward 90 days. Big surprise, Bernanke has not resigned. But on Saturday, hackers broke into the computer system of the International Monetary Fund." (06/15/11)
http://lewrockwell.com/wiggin/wiggin-addison9.1.1.html
Independent Institute "Fed Chairman Ben Bernanke is troubled by the unemployment rate that has crept back upwards, and the 'frustratingly slow' economic recovery. And so what does he propose? More of the same, of course. More liquidity and a base interest rate kept near zero. You see, this is practically the only tool he has: monetary stimulus, which is another word for inflation, if we define this in terms of a rising money supply rather than rising prices, the latter of which is properly seen as a natural consequence of the former." (06/07/11)
http://blog.independent.org/2011/06/07/when-all-you-have-is-a-hammer/
Libertarian News Examiner "A major kerfuffle commenced once the mainslime media discovered the gay rights rainbow flag flapping in the breeze beneath Old Glory outside the Richmond Federal Reserve Bank. Since the majority of Americans have swallowed predigested positions on almost every issue imaginable it's easy to predict the two dominant reactions: scripted liberalism and dogmatic conservatism." (06/06/11)
http://tinyurl.com/5tfny32"Nobel prize winner Peter Diamond has withdrawn his nomination to the Federal Reserve, citing opposition by Senate Republicans. ... The Obama administration first nominated Diamond to be one of the Fed governors in April 2010, and again in September, in advance of him winning the Nobel Prize. He was renominated in January when the new Congress took office." (06/06/11)
http://tinyurl.com/69tple6
Nolan Chart "The economic peril that we find ourselves confronted with, has been ninety-eight years in the making. The confluence of debt, demographics, delusion, and denial has left the country at the precipice of annihilation. There are two kinds of people in the world, those who control the money and those that are controlled by those who control the money." (05/17/11)
http://tinyurl.com/3kskorc
Downsize DC "You may recall that this bill was derailed last year when it was inserted as an amendment to another bill. Now it's time to try again. Let's get a REAL audit of ALL the Fed's operations. That's why I sent this letter to my representatives today. You may borrow from or copy it, or write one of your own ..." (05/05/11)
http://tinyurl.com/3rb8j9d
Ludwig von Mises Institute "In his first press conference as chairman of the Federal Reserve, Ben Bernanke discussed rising gasoline prices, blaming higher demand from emerging economies and Mideast oil-supply disruptions as the cause of the zooming prices. Bernanke did not mention the US government's role in the higher energy prices, and he explicitly absolved the Federal Reserve of any blame." (05/03/11)
http://mises.org/daily/5255/Another-Reason-to-End-the-Fed"When people in Washington start creating fancy new phrases, instead of using plain English, you know they are doing something they don't want us to understand. It was an act of war when we started bombing Libya. But the administration chose to call it 'kinetic military action.' When the Federal Reserve System started creating hundreds of billions of dollars out of thin air, they called it 'quantitative easing' of the money supply." (05/03/11)
http://tinyurl.com/3lckr34
Campaign For Liberty "The big financial news this week was the Federal Reserve's first press conference. The financial press and bloggers have already parsed Bernanke's every last syllable, but I'll make some observations that I haven't seen elsewhere. At one level, it's absurd that the entire world is hanging on the words of Ben Bernanke." (05/02/11)
http://www.campaignforliberty.com/article.php?view=1428"When the inflation comes, it’s not going to be the Fed printing money — it’s going to be other nations sending us the money printed over four decades and expecting to buy something with it." (04/27/11)
http://tinyurl.com/3wybqt4"Federal Reserve Chairman Ben S. Bernanke signaled the Fed will maintain its record monetary stimulus after ending large-scale bond purchases in June, while the need to contain inflation means further easing is unlikely." (04/27/11)
http://tinyurl.com/3o8532t
Casey Research Interview: David Galland, Casey Research partner and managing editor of The Casey Report, sees a major shift in Federal Reserve policy ahead and has advice on how to invest accordingly. Time is short, so we’ve asked David to share his thoughts with us." (04/19/11)
http://tinyurl.com/3oco9oz Ludwig von Mises Institute "Depression babies learned early that 'saving for a rainy day' was not something one hopes to do but a requirement. The saying originated when most people worked on the farm. And when it rained, the fields were too wet to plow, and the farmer — not to mention the hired hands — made no money." (04/13/11)
http://mises.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic Campaign For Liberty "As Ron Paul's 'End the Fed' movement grows, more and more Fed economists are speaking up on behalf of the central bank. In a recent post, David Andolfatto of the St. Louis Fed argues that the systematic debasement of the currency has had a negligible effect on the average American. As we'll see, Andolfatto's evidence is completely irrelevant to the question. The Fed and commercial banks have been ripping off everyone who uses dollars." (04/08/11)
http://www.campaignforliberty.com/article.php?view=1402 Ludwig von Mises Institute "We have heard the objection a thousand times: Why, before we had a Federal Reserve System the American economy endured a regular series of financial panics. Abolishing the Fed is an unthinkable, absurd suggestion, for without the wise custodianship of our central bankers we would be thrown back into a horrific financial maelstrom, deliverance from which should have made us grateful, not uppity." (04/05/11)
http://tinyurl.com/3l567l3"We were told that bailing out banks was going to stave off a massive depression. Depression for whom? We now know that the Fed's bailout had nothing to do with helping the American people, who have gotten their depression anyway with continued job losses and foreclosures. ... perhaps the most staggering revelation is that quite a bit of money went to the Arab Banking Corp., in which the Libyan Central Bank owned about a third of its stock. This occurred while Libya, a declared state sponsor of terrorism, was under strict economic sanctions!" [hat tip -- Freedom's Phoenix] (04/04/11)
http://tinyurl.com/3p5frwn Campaign For Liberty "Last month, Alan Greenspan told a House panel that the current financial crisis has shown he had 'made a mistake' in trusting the free market to regulate itself. As a true free marketer, I took offense at this. Here he was, the former head of the Federal Reserve, the governmental monopoly of the money supply, implying that what he had championed was free-market capitalism." (04/04/11)
http://www.campaignforliberty.com/article.php?view=1394"The Federal Reserve on Thursday released the names of banks that borrowed from its main emergency lending facility during the financial crisis after having run out of legal appeals to block publication. ... The Fed was forced to disclose details of its discount window lending after the U.S. Supreme Court last week let stand a lower court ruling that it do so, an action the Fed had fought." (03/31/11)
http://tinyurl.com/4sjmxwj
The Federal Reserve’s flawed approach to monetary policy
by James A. Dorn
"After two rounds of quantitative easing, unemployment is still above 9% while annual CPI inflation stands at 3.6%. Technically, the U.S. is now facing the prospect of stagflation. Yet, some economists are calling for up to 4% inflation to get the economy moving again. Printing money is not a panacea for the ailing U.S. economy." (08/24/11)
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