Tag: Federal Reserve System
Clueless Ben?
The following is an excerpt from Gary North’s article on Clueless Ben?: Bernanke is facing a slowing economy. All those green shoots he said he could see in 2009 have begun to die. Unemployment remains high. It shows no sign of coming down. But consumer prices have been flat, which allows him some breathing room. [...]
Can We Have Another Banking Holiday
Can We Have Another Banking Holiday? “But most commercial banking is “deposit banking” based on a gigantic scam: the idea, which most depositors believe, that their money is down at the bank, ready to be redeemed in cash at any time.” Murray Rothbard One of the most painful and important aspects of the Great Depression [...]
Dracula Government Meets Its Nemesis
There is no greater scam than that being perpetuated by fiat money. It is plausible that the gold market might be manipulated because of its critical importance to the current economic crisis. Gold is to Central Bankers and governments as The Cross was to Dracula. It threatens their existence. Before governments got into the state [...]
Crowding Out Your Future
“Crowding out” is an effect claimed to occur when governments run deficits and have to borrow to finance the deficits. It refers to the government using funds via borrowing that otherwise would go to private borrowers. Hence, they are “crowding out” the private borrowers. In normal times, when government deficits are small relative to the [...]
Tough Guy Bernanke Blows Smoke
Tough Guy Bernanke Blows Smoke Fed Chairman Ben Bernanke appeared before Congress this week wearing his “bad guy” face. I did not watch his testimony either day. Apparently, based on news reports and blogs, nothing of significance happened on the second day. The Washington Times reported on Bernanke’s Wednesday testimony: With uncharacteristic bluntness, Federal Reserve [...]
FED Bunkum
A Wall Street Journal article reported: “The Treasury said it will borrow $200 billion and leave the cash proceeds on deposit with the Federal Reserve, reviving a program that will make it easier for the Fed to raise interest rates when the time comes.” I had to read that sentence several times to try and [...]
History: Monetary Cranks
Image via Wikipedia “Monetary Crank” was a derogatory term used in the past to refer to crazy monetary theories and/or schemes. Its use has fallen out of favor, yet its applicability today is as relevant as it was in the past. Unfortunately what used to be subsumed under the term, now appears to be considered [...]
The Fed Feints
Great hoopla over the Federal Reserve’s surprise decision to raise the discount rate 0.25 % fills the media and the markets. Pundits discuss earnestly the spice has been added to the tea leaves. Barry Ritholtz lists three possible motivations behind the Fed’s move: Response to political pressures; Proof the Economy is improving; Inevitable ending of [...]
Free Markets Don’t End Like This
“My long view for the US is high inflation which will not show up in the government’s fraudulent statistics, along with a declining standard of living, increasing decay and ultimately leading to chaos, societal and government collapse in the US within a decade or two, maybe sooner.” Craig Harris The following article will seem extreme [...]
John Williams Warns of Imminent Hyperinflation
One of the better economic analysts is John Williams at Shadowstats.com. When he speaks, one should listen carefully. He has just done so: The U.S. economic and systemic solvency crises of the last two years are just precursors to a Great Collapse: a hyperinflationary great depression. Such will reflect a complete collapse in the purchasing [...]
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RICHARD RALPH ROEHL
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