Blog Editor’s Note: Glenn Beck is labeled a “conspiracy theorist.” However, you can rest assured no one presenting views this extreme on a regular basis could do so from a corporate media platform unless powerful interests want the public at large to get used to these kinds of ideas. So perhaps Beck’s corporate masters are “conspiracy theorists,” or at least pretending to be.
Beck is generally right on target with his key facts. However, he generally points the finger at the undefined “left” as the villain. Let’s just say the real villains are far more diversified than that. So put away … Continue Reading
Blog Editor’s Note: The largest expansion of central bank-issued fiat currency in the history of mankind attacking the greatest financial blowout ever encountered in terms of size isn’t creating an asset bubble? If so, it’s because they can only patch the balloon so many times before it can no longer hold hot air, and that’s all it ever was anyway.
NEW YORK (Reuters) – The Federal Reserve’s low interest rate policy was meant to encourage investors to move into riskier assets and there are no signs currently that an asset bubble is building in the United States, the central bank’s number-two … Continue Reading
LONDON (Yahoo News – AFP) – The dollar fell on Monday as China accused the United States of increasing protectionism and following unexpectedly strong Japanese economic growth figures, pushing gold prices to a record high point.
US President Barack Obama is in China for a three-day mission aimed at convincing Beijing that Washington is its partner, not its rival.
As the dollar dropped against the euro and yen, gold struck an all-time peak of 1,133.20 dollars an ounce.
In late morning trading here, the euro climbed to 1.4969 dollars from 1.4918 dollars late in New York on Friday.
Against the Japanese currency, the … Continue Reading
Blog Editor’s Note: More like an “all seeing eye” pretending to be blind.
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(Los Angeles Times – Associated Press)
WASHINGTON — Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at record-lows to nurture the economic recovery.
In remarks to the Economic Club of New York, Bernanke engaged in a delicate dance.
He made clear Fed policymakers will keep rates at super-low levels. Yet through … Continue Reading
By Mike Whitney
(The Centre for Research on Globalization) Interest rates. The Fed does not need slinky women in plunging necklines to peddle money. All it needs is low interest rates. When rates are pushed lower than the rate of inflation, the Fed provides a subsidy for borrowing. This is not as hard to grasp as it sounds. If I offered to give you $1.00 for very 90 cents you gave me in return, you would buy as many dollars from me as you could. The Fed operates the same way. It generates market activity by creating incentives for borrowing. Borrowing … Continue Reading
By Bob Chapman
The International Forecaster
Yet another bank bights the dust, stocks have net outflows of capital, big insider sell offs and other bad moves that enable insiders to control the market, biggest S&P rally ever, Plunge protection team working overtime, Gold in a new phase
This is another victim of the FDIC Friday Night Financial Follies.
Early Friday morning, state and federal agents walked into the Bank of Elmwood and closed the failed 49-year-old independent bank after a year of struggling to improve a bleak financial situation, officials announced Friday.
The Wisconsin Department of Financial Institutions shut down … Continue Reading
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(Politico) The biggest decision of the economic recovery will be made in the next six months, and Barack Obama will have almost nothing to do with it.
Forget the debate over TARP, and never mind the questions about a second stimulus. This decision is about when to pull out $1 trillion that’s propping up the U.S. banking system. And it will be Federal Reserve Chairman Editor's Choice Posts, Finance and Economics, Government and Politics |
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