Log in
Don't have an account?
Sign Up Here →
Forgot Password?

Bernanke Leaves Fed with Record $4.1 Trillion Balance Sheet

February 3, 2014


    Bernanke Leaves Fed with Record $4.1 Trillion Balance Sheet

    Bernanke Leaves Fed with Record $4.1 Trillion Balance Sheet

    Assets up 391% under Bernanke…

    Today, the transfer of power from one “dear leader” to the next is official: Bernanke is out, and the new Yellen era at the Fed begins today. As Bernanke hands the reins over to Yellen, he also leaves her with one of the most precarious financial situations in history. According to the latest figures, the Fed is now saddled under an unprecedented $4.1 trillion in total assets on its balance sheet, up 391 percent from $834.6 billion when Bernanke took over as chairman in February 2006.

    This huge spike in asset purchases came in the wake of America’s 2008 economic crisis, in which the Fed began aggressively purchasing U.S. Treasury securities and mortgage-backed securities in an effort to stimulate the economy.

    According to CNSNews:

    “As of Feb. 1, 2006, when Bernanke took over as chairman, the Fed’s balance sheet indicated it owned $748,840,000,000 in U.S. Treasury securities. At that time, the balance sheet listed no mortgage-backed securities. As of Jan. 29, 2013, the balance sheet indicated the Fed owned $2,243,176,000,000 in U.S. Treasury securities and $1,532,224,000,000 in mortgage-backed securities.”

    Under the current stimulus program, the Fed’s balance sheet is growing by an additional $65 billion each month through a combination of Treasury bonds and mortgage-backed securities. In recent weeks, however, the Fed has sought to slow the growth of these asset purchases through “tapering.”

    Despite Bernanke’s exit and Yellen’s entrance, our position on the Federal Reserve and its reckless monetary policies have never been more clear: The Federal Reserve is a fraud. It not “federal” and it has no “reserves.” It is an appalling collusion of global banking interests with the tax-payer funded government.

    The Fed is a leach upon the American economic system. It is an extraneous middle man. The Constitution originally delegated currency production to the Congress itself. No outside private banks were to be given this job. As it reads in Article I, Section VIII of the U.S. Constitution:

    “The Congress shall have Power… To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”

    Since its inception 100 years ago, the Fed has systematically attacked the U.S. Dollar, destroying its value by over 90%.

    Never again should our nation be held hostage by globalist banksters to whom interest must be paid on our own currency.

    It’s time to end the Fed.

    Inside this Issue

    “Profiting From the Coming Paper Money Collapse”

    [VIDEO] Everything You Need to Know About Keystone XL

    What happens if the pipeline is approved or rejected?

    Wal-Mart: Food Stamp Cuts to Hit Profits

    Wal-Mart Stores warned Friday that cuts to the nation’s food stamps program late last year will hurt its bottom line.

    Currency Crisis at Chinese Banks ‘Could Trigger Global Meltdown’

    Fears are growing that the build-up of foreign borrowing by the Chinese, particularly in US dollars, is creating an even greater build-up of risk than that seen before the crisis of 2008.

    The $15 Trillion Shadow Over Chinese Banks

    “The banking sector has extended $14 trillion to $15 trillion in the span of five years… There’s no way that we are not going to have massive problems in China.”

    Germany Preparing Third Bailout for Greece

    Greece may face a financing gap of up to €15bn over the next two years.

    Dollar Rises Most Since May as Taper Fuels Emerging-Markets Rout

    The dollar had its biggest monthly gain against a basket of peers since May as a global selloff of emerging-market currencies prompted investors to seek the relative safety of haven assets.

    Third Banker Commits Suicide This Week

    The suicide in the U.S. follows a bizarre series of deaths among finance workers and business leaders this past week.

    Retiring on Your Own Terms

    To be assured of having enough money to fund a comfortable retirement, you should save a total of 22 times the annual income you want to earn when you retire.

    View the Investor Wire Archive >>

    U.S. Financial Markets

    Real-time Gold and Silver Prices

    The Best Way to Buy Gold Coins, Gold Bars, Silver Coins, Silver Bars Online The Best Way to Buy Gold Coins, Gold Bars, Silver Coins, Silver Bars Online

    Precious Metals Market Update with Tom Cloud

    Read/Print the Audio Transcript

    “World News Headlines That We Are Tracking”

    [VIDEO] President Obama Calls Out Bill O’Reilly and Fox News for Promoting Conspiracy Theories

    Bill O’Reilly sits down with President Obama at the White House to discuss the IRS scandal, Benghazi, the Affordable Care Act and the Super Bowl.

    Iranian Commander: We Have Targets Within America

    This weekend, a top commander of Iran’s Revolutionary Guards boasted that his forces have plans in place to attack the U.S. from within, should the U.S. attack Iran, saying: “We will conduct such a blow in which they [America] will be destroyed from within.”

    Obama to Visit Saudi Arabia in March

    Seeking to mend a frayed relationship with a major American ally in the Middle East, President Obama plans to travel to Saudi Arabia next month for a meeting with King Abdullah.

    Republicans Face 2016 Turmoil

    For the first time in memory, the GOP has no obvious early favorite — no candidate with wide appeal who has run before, no incumbent president or vice president, no clear establishment pick.

    North Korea Warns Region is on ‘the Brink of War’

    North Korea steps up the angry rhetoric, urging the U.S. and South Korea to cancel a major military exercise due to begin next month.

    Kerry Calls for ‘Transatlantic Renaissance’

    Over the weekend, U.S. Secretary of State John Kerry called for a “transatlantic renaissance” in which the United States and Europe will jointly tackle shared threats, from wars and poverty to climate change.

    Global 2012 Arms Sales: Largest Arms Companies Slump, But Russia Records Jump

    Despite the slump, seven US companies remained amongst the world’s top ten entities in terms of 2012 arms sales, with Lockheed Martin emerging at top.

    Financial Freedom Bootcamp 2014 : Part 4
    Broadcast Every Saturday Morning – Hosted by Jerry Robinson

    Topic: The time to become financial prepared has never been greater than in 2014. Let’s talk about how YOU can become financially free.

    Read Show Notes >>

    Download Now >>
    (Right click link above and ‘save as’ to your device)

    Other Listening Options

    Liberty Wire
    “Archiving the Rise of Big Brother, the Erosion of Personal Liberty, and the Fall of the Republic”

    [VIDEO] Footage Released of Guardian Editors Destroying Snowden Hard Drives

    The bizarre episode in the basement of the Guardian’s London HQ was the climax of Downing Street’s fraught interactions with the Guardian in the wake of Snowden’s leak – the biggest in the history of western intelligence.

    New Saudi Counterterrorism Law Alarms Activists

    The law states that any act that “undermines” the state or society, including calls for regime change in Saudi Arabia, can be tried as an act of terrorism.

    eBay and PayPal UK Hacked by Syrian Electronic Army

    Still no word on how the attack occurred…

    China Playing Rough with Big Media

    China has forced another foreign correspondent to leave the country, the latest in a series of expulsions that have heightened tensions between western media companies and the Communist Party.

    View the Liberty Wire Archive >>

    “Daily Investment Trends for the Savvy Investor”

    You are attempting to view premium content for subscribers only. If you are a subscriber, log in here. If you are not currently subscribed, you can learn more here.

    View the Daily Chart Archive >>

    “A Daily Stock Trading Idea for Short-Term Traders”
    — Subscribers Only —

    You are attempting to view premium content for subscribers only. If you are a subscriber, log in here. If you are not currently subscribed, you can learn more here.

    Enter the Trading Room to View all Trading Activity >>

    View our Trading Performance >>

    Not a subscriber? Learn more here >>

    “A Daily Dose of Financial Wisdom from God’s Word”

    “He who has no rule over his own spirit is like a broken down city without a wall.”
    Proverbs 25:28

    Sign up now and join the tens of thousands who get the FTMDaily Briefing in their inbox every afternoon! >>

    What will I get?

    Notify of
    Inline Feedbacks
    View all comments

    Please help us spread the word about on Facebook, Twitter,
    and any other social media outlets.

    Silver & Gold

    Call 800-247-2812 now for the best prices on gold and silver coins and receive Free Shipping and Insurance when you mention Follow the Money.

    Weekly Newsletter

    Stay in the loop!
    Sign up today to receive our
    weekly e-newsletter.