Posts Tagged ‘ Federal Reserve ’

Audit Bernanke

October 4, 2011
posted by

US Rep. Ron Paul (R-TX) LewRockwell.com
by US Rep. Ron Paul (R-TX)  

"The Federal Reserve is a creature of Congress and should be treated as such, not as an organization exempt from Congressional oversight. Claims from the Fed and its defenders that a full audit of the Fed would endanger the Fed's independence are an attempt at provoking fears that Congress would directly intervene in the conduct of monetary policy. A bill that sets interest rates would endanger the Fed's independence; a bill that audits the Fed does not." (10/05/11)

http://lewrockwell.com/paul/paul769.html  

No Comments »

Bernanke to Congress: Economy “close to faltering”

October 4, 2011
posted by

Los Angeles Times    

"Fed chief scolds legislators for pushing U.S. to the edge of default and warns against cutting the federal budget too deeply, given the current economic stresses." (10/04/11)

http://lat.ms/pEV92T  

No Comments »

The Fed twists, the market shouts

October 4, 2011
posted by

Freedom's Phoenix Freedom's Phoenix
by US Rep. Ron Paul (R-TX)  

"Last week the Federal Reserve began the second incarnation of ,Operation Twist,''' an attempt to drive down interest rates by purchasing long-term Treasury debt and selling short-term debt. This is just the latest instance of the central bank desperately flailing around doing something merely for the sake of doing something." (10/03/11)

http://bit.ly/peq86h  

No Comments »

Federal Reserve begins next damaging flail at economy

September 21, 2011
posted by

Forbes    

"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  

No Comments »

The Federal Reserve’s flawed approach to monetary policy

August 28, 2011
posted by

Cato Institute Cato Institute
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)

http://www.cato.org/pub_display.php?pub_id=13609  

No Comments »

Crimes of the Federal Reserve

August 17, 2011
posted by

Scribd
by Olde Reb  

"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  

No Comments »

The Fed surprises

August 14, 2011
posted by

Cato Institute Cato Institute
by Gerald P. O'Driscoll, Jr.  

"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  

No Comments »

Bernanke: Debt ceiling breach “calamitous”

July 14, 2011
posted by

CNN    

"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/  

No Comments »

Fed lets bond-buying “stimulus” program expire

June 22, 2011
posted by

Los Angeles Times    

"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  

No Comments »

The cloak-and-dagger Fed

June 20, 2011
posted by

OpenMarket.org
by Matthew Melchiorre  

"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/  

No Comments »

Anonymous demands on the Federal Reserve

June 14, 2011
posted by

LewRockwell.com
by Addison Wiggin  

"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  

No Comments »

When all you have is a hammer

June 8, 2011
posted by

Independent Institute Independent Institute
by Anthony Gregory  

"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/  

No Comments »

Flag flap at the Fed

June 7, 2011
posted by

Garry Reed Libertarian News Examiner
by Garry Reed  

"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  

No Comments »

Diamond drops Fed nomination fight

June 6, 2011
posted by

CNN Money    

"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  

No Comments »

The good, the bad and the ugly

May 17, 2011
posted by

Nolan Chart Nolan Chart
by Jim Quinn  

"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  

No Comments »

New initiative: Let’s really audit the Fed this time!

May 5, 2011
posted by

Downsize DC Downsize DC
by Jim Babka  

"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  

No Comments »

Another reason to end the Fed

May 3, 2011
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Mark Brandly  

"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  

No Comments »

Fed up with the Fed?

May 3, 2011
posted by

Freedom Politics
by Thomas Sowell  

"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  

No Comments »

The Sphinx speaks!

May 2, 2011
posted by

Campaign For Liberty Campaign For Liberty
by Robert Murphy  

"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  

No Comments »

The inflation won’t come from the Fed

April 28, 2011
posted by

The Liberty Papers
by Brad Warbiany  

"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  

No Comments »

Bernanke: Fed still in throes of cranial-rectal inversion, but may pull it out soon

April 27, 2011
posted by

Bloomberg    

"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  

No Comments »

Galland: Major policy shift ahead

April 20, 2011
posted by

Casey Research Casey Research
by Louis James  

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  

No Comments »

The Fed obliterates the savings ethic

April 13, 2011
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Doug French  

"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  

No Comments »

The Fed defenders are getting desperate

April 10, 2011
posted by

Campaign For Liberty Campaign For Liberty
by Robert P. Murphy  

"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  

No Comments »

Life with the Fed: Sunshine and lollipops?

April 5, 2011
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Thomas E. Woods, Jr.  

"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  

No Comments »

Our Sponsors




Making a living off your Drupal site?

Drupal Managed Hosting

Fed up with Maintenance and Hosting companies?