Posts Tagged ‘ Federal Reserve ’

What ELSE is the Fed up to?

December 11, 2011
posted by

Downsize DC Downsize DC
by Jim Babka  

"Why should Americans have 'faith' in an unaccountable agency that secretly manipulates their money? I personally believe that an audit will reveal the folly of central economic planning, and my hope is that the Fed will be abolished and that honest money and free banking -- subject to harsh regulations imposed by picky customers instead of the untrustworthy political class -- will take its place." (12/09/11)

http://www.downsizedc.org/blog/what-else-is-the-fed-up-to  

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Stocks surge as Bernanke, ECB throw more dollars at Europe’s crisis

November 30, 2011
posted by

Forbes    

"Wall Street enjoyed a big jump Wednesday morning, after a coordinated action by central banks around the world to provide more liquidity to the global financial system. ... Wednesday’s move from the Fed was matched by corresponding actions from the Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank." (11/30/11)

http://onforb.es/t1SLeQ  

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Sumner needs to watch some film and hit the gym

November 3, 2011
posted by

Free Advice
by Robert P. Murphy  

"The Fed today lowered its forecast for economic growth next year, and raised its forecast for unemployment. So Scott is saying, rather than refusing to pump in more money, and resting content with a worsening forecast, the Fed should do what it needs to do, so that it doesn’t have to give the public the bad news about gloomier prospects for next year. OK, now that we understand what Sumner is doing in his cute analogy, we are ready to get knocked onto the floor by how wrong the analysis is." (11/02/11)

http://bit.ly/uB3EZq  

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Bashing Ben Bernanke

October 17, 2011
posted by

Reason Reason
by Steve Chapman  

"Bernanke's alleged sins are legion. He is blamed for bailing out Wall Street, destroying the value of the dollar, orchestrating events to re-elect Barack Obama, and sinking the Titanic. His GOP detractors don't mention that he was appointed by George W. Bush, and that the Wall Street bailout bill passed in October 2008, before Obama arrived." (10/17/11)

http://reason.com/archives/2011/10/17/bashing-ben-bernanke  

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Protesters should focus on the Fed

October 16, 2011
posted by

Kent McManigal Clovis News Journal
by Kent McManigal  

"Corporatism is not capitalism and is not equivalent to the free market. In fact, it is the mortal enemy of the free market and liberty of all sorts. Some of the protesters are focusing on an even more deserving villain: The Federal Reserve. They are calling for an audit of the Federal Reserve and an end to its operation. My only disagreement with this point is that the Federal Reserve needs to be shut down regardless of whether it is ever audited or not." (10/14/11)

http://www.cnjonline.com/opinion/recent-45310-fed-focus.html  

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Federal Reserve minutes show dissent on next round of interventions

October 13, 2011
posted by

News Digests Wire    

"The Federal Reserve recently shifted $400 billion from short-term investments to longer-term US Treasury securities in an effort to hold down interest rates. The minutes of the Fed’s September 20-21 meeting show that at least two members advocated additional bond buys, while three opposed any new economic interventions at all." (10/13/11)

http://wire.news-digests.com/archives/57  

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Federal Reserve is a cache of stolen assets

October 10, 2011
posted by

Breaking All The Rules Breaking All The Rules
by SARTRE  

"Many good willed conservatives understand that the system is imploding. Some envision a second American Revolution that expels the remnant Tories that have hijacked our Federalism separation of powers form of government. Woefully, the prospects for a States Rights revolt are slim. However, the scenario of a domestic French Revolution style carnage is brewing with every escalation of the pompous arrogance worthy of a Jean-Joseph, marquis de Laborde or the manipulative usury of the House of Rothschild." (10/09/11)

http://www.batr.org/totalitariancollectivism/100911.html  

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Operation Twist a primer for QE3?

October 5, 2011
posted by

Casey Research Casey Research
by Axel Merk  

"Is Operation Twist a failure? The stock market plunged in disappointment when it was announced. Keynesians are tearing their hair out in frustration, as it appears the Fed failed to ramp up the printing press. Free marketers are disgusted by the blatant manipulation of the yield curve. A number of Federal Reserve (Fed) President Bernanke’s colleagues dissented and/or are voicing public opposition. However, as the dust settles, it appears there is a method to the twist: Bernanke may have a plan ..." (10/05/11)

http://www.caseyresearch.com/articles/operation-twist-primer-qe3  

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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  

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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  

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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  

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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  

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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  

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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  

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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  

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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/  

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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  

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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/  

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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  

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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/  

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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  

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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  

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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  

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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  

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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  

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