UPDATE: Audit the Fed Headed for the House Floor
The vote will take place later this month on whether to audit the Federal Reserve for the first time in history. That would be a fitting birthday present for the America’s most corrupt banking institution on its 100th birthday.
The Fed Extends Operation Twist – Read the FOMC Statement
The Fed announced today that it was extending its Operation Twist. So what’s next and what should investors be doing now?
FTM Daily News Update – 3/5/2012
Like Exchange Traded Funds? Here’s a list of the five best performing ETF’s so far in 2012…
Ron Paul vs. The Fed: What’s the Real Inflation Rate?
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Listen as Rep. Ron Paul confronts Federal Reserve Chair Ben Bernanke on the real inflation rate and competing currencies.
Who Rules America? A Breakdown of Wealth in the U.S. House and Senate
Now, as a student of Austrian economics and as a firm believer in the free markets, I am not opposed at all to leveraging one’s talents and abilities to increase wealth. However, doesn’t it seem that our modern day “public servants” may be getting the better end of the deal? After all, they are sent to Washington with a mandate to promote the will of the people. However, America’s politicians often end up serving the wishes of their corporate masters as well as other special interest groups.
Ron Paul Declares His Support for Israel
Congressman and Republican presidential candidate Ron Paul defended his support for Israel in an interview yesterday with Newsmax. We recently reported that The Republican Jewish Coalition did not invite Paul to the presidential-candidates forum the organization hosted yesterday.
Secret Federal Reserve Loans to Wall Street Banks Nets $13 Billion in Profits
Wall Street Banks Earned Billions In Profits Off $7.7 Trillion In Secret Fed Loans Made During The Financial Crisis
What Jerry Thinks: Supreme Court Takes On Obamacare, Strange Lines in Gobi Desert
Jerry gives some brief comments on the Supreme Court’s recent decision to hear a challenge to Obamacare. He also discusses what to expect on this weekend’s FTMWeekly radio show which includes special guests, Peter Schiff, and David Morgan. And what are those strange lines in the Chinese desert?
Bernanke Admits the Bogus “Economic Recovery” is Faltering
Who didn’t see this coming? The bogus “economic recovery” that the current administration, the U.S. Treasury, and the Federal Reserve have been touting for the last 18 months is now, according to Fed Chief, Ben Bernanke, “close to faltering.”
SAT Scores Fall Nationwide: Another Sign of U.S. Economic Decline
The College Board today announced that 43 percent of 2011 college-bound seniors met the SAT® College and Career Readiness Benchmark.
Greenspan: No U.S. Default Because ‘We Can Always Print Money’
Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P’s decision to downgrade America’s credit rating because the U.S. “can always print money.”
Get Ready: QE3 Is On The Way, Gold & Silver Prices Soar
Editor’s Note: As FTMDaily predicted several months ago, the Federal Reserve has just announced today that it plans to launch a new round of stimulus. We have mentioned that the Fed would make the public beg for this, as stocks tumbled and the economic conditions worsened. However, it doesn’t seem like the Fed is shy about their plans anymore. The announcement is even earlier in the year than we expected. However, the announcement is not a shock to all of us here at FTMDaily. Expect more to come as the Fed lays out its plans to “boost” the economy. More about QE3 and gold-silver pricing…
The Fed ‘Doesn’t Have a Clue’… Really?
We believe that the Fed is ultimately planning to print more money in the form of another round of quantitative easing. However, the Fed wants the population to feel like they desperately need it. Therefore, as a prerequisite to “QE3”, stocks must be decreasing and retirement accounts must be plunging. If the majority of America’s 401(k)’s are going down in value, then the Fed would be applauded for its money printing. If the financial markets are healthy, then the Fed would be demonized for its massive influx of new cash into the system and subsequently blamed for inflation.
My Recent Run-in with the Federal Reserve Police
Most Americans have no clue that the Federal Reserve is not part of the U.S. Federal government. But even fewer know that they have a machine-gun toting police force as well.
End of QE2? Lack of Buyers May Force Treasury to Boost Rates
Editor’s Note: If you have been listening to our weekly radio show, hosted by Jerry Robinson, you know that Jerry expected headlines like this one to precede the end of the QE2. No amount of interest rate hikes will solve our crisis now. In fact, an increase in interest rates with housing and the financial markets in their current precarious state would act as a wrecking ball to the economy. We continue to expect the mainstream media to push the Fed’s story of the end of QE2 and imminent interest rate hikes in order to drive the markets downward. Once the markets dip enough, Americans will be ready for another round of quantitative easing from the Fed. And then the real fun begins…
The Fed Is Going To Make You Beg
It helps if you think of the Fed as a drug pusher. Pushers don’t “market” their drugs. Instead, they rely upon the addicts to come crawling back for more. The Fed doesn’t need to push QE3 on the public. This would only bring more attention to its true intentions. Instead, the Fed will let the public demand it.
How to Inflation-Proof Your Savings Through Diversification (Part 3)
Here’s how we create stellar returns using a basket of foreign currencies, precious metals, and U.S. Dollars.
How to Inflation-Proof Your Savings Through Diversification (Part 2)
Here’s the results of a study that was done on our DSL (Diversified Six-Month Liquid) Savings strategy measuring total returns for three different time periods. The findings are completely stunning!
How to Inflation-Proof Your Savings Through Diversification (Part 1)
If you want to dampen the ravaging effects of inflation on your money, diversifying your savings should be a priority.
March Madness Strikes Washington
In March, the U.S. Federal government collected $194 billion in tax revenue but reported $1.1 trillion in expenses. The ponzi scheme continues…
Federal Reserve Loans Billions to Prop Up Foreign Banks
Recent revelations show that the Federal Reserve’s “discount lending window” had become an ATM for foreign banks with billions in loans handed out to them.
FTMDaily Financial News Update – The Fed is Dead Wrong… Again
Almost three years after Bloomberg LP requested details on the emergency bank loans given out by the Federal Reserve at the height of the economic crisis, the records are finally being delivered.
FTMDaily News Update – What’s Behind Russia’s Dramatic Economic Rise?
In 2010, the Russian MICEX Index has returned over 22%. And now in 2011, the index is already up 15%.
(In contrast, China is up only 5% so far this year. Brazil is down around 2% for the year while India has lost 10% so this year.)
So what’s behind Russia’s recent and dramatic rise?
Goodbye “Cheap” Chinese Goods
When my daughter was younger, I used to offer her 25 cents for every item that she could find in our local Wal-Mart store that was not “made in China,” or some other Asian nation. Needless to say, she rarely walked out of the store with any money.
Mr. Boehner vs. The Tea Party
Speaker of the House John Boehner has had to contend with a large and contentious Tea Party caucus since taking power. Now, he may soon be out of power.
Another Deadline Looms For a Government Shutdown
After the latest budget measure passed by Congress with both parties vowing that they will go no farther, we ask yet again, will there be a government shutdown?
FTMDaily News Update – Beware the Ides of March
The global financial markets continue their tailspin today in the wake of the devastating quake and tsunami which struck the world’s third largest economy last week.
The Chinese Giant Awakens Militarily
In a move which is making a number of countries in the region nervous, the People’s Republic of China announced recently that it was increasing military spending by 12.7% this year.
Why the Dollar’s Reign Is Near an End – WSJ
For decades the dollar has served as the world’s main reserve currency, but, argues Barry Eichengreen, it will soon have to share that role. Here’s why—and what it will mean for international markets and companies.
Israel Under Fire
In Israel, the heat is on… In a rare turn of events, the U.S. has told Arab governments that it will stand in agreement with them in issuing a U.N. Security Council.
Give Us Your Opinion: What Would You Cut From the U.S. Federal Budget To Help Lower Government Spending?
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Did President Obama’s speech comfort and inspire you or did it increase your concerns about our country’s future?
Give Us Your Opinion: Did President Obama’s State of the Union Speech Inspire or Concern You?
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Do you think that States should be allowed to file for bankruptcy protection? 100% of you voted that the states should not be allowed to file for Federal bankruptcy protection but many of you had some interesting comments.
FTMQuarterly Newsletter – Winter 2011 Issue (PDF)
Click the link below for a PDF version of the Winter 2011 Issue of the FTMQuarterly newsletter.
This is a protected post. Learn more about becoming an FTM Insider.
Chinese president: It’s time to dump the dollar
On the eve of a U.S. visit, Chinese President Hu Jintao made the boldest statement yet on the future of the U.S. dollar as a reserve currency, calling the current global monetary exchange system “a product of the past” while promoting his own country’s currency as a replacement.
Give Us Your Opinion: Do you think that the Federal government’s attempts to “protect” the internet would be a good thing or a bad thing?
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This week, I want to get your thoughts on Federal government regulation of the internet. This week, the Federal Communications Commission (FCC) stated its intention to begin policing and regulating the world wide web.
What Jerry Thinks: Stop the TSA!
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What’s happening in our nation’s airports right now is quite simply mind-boggling.
Get Ready for Big Inflation
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The Fed is attempting to create general expectations of inflation through its policy statements and actions.
What Jerry Thinks: On Ron Paul and Ending the Federal Reserve
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This week, U.S. Congressman Ron Paul continued his tireless campaign to end the Federal Reserve. On Thursday, Dr. Paul was interviewed over at the Fox Business Network.
Five Facts Every Investor in China Should Know
Money manager Puru Saxena joined me on the podcast last weekend from his office in Hong Kong to talk about why he is more bullish than ever on investing in China. He talks about the specific areas and sectors in China where he and his clients are investing.