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 announced today that it was extending its Operation Twist. So what’s next and what should investors be doing now?
Wall Street Banks Earned Billions In Profits Off $7.7 Trillion In Secret Fed Loans Made During The Financial Crisis
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.”
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.”
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…
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.
“None of the cash ever made it to U.S. banks…”
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…
FTMDaily.com Founder, Jerry Robinson, was recently interviewed about the state of the U.S. economy on Iranian State Television (presstv.ir).
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.
Since 1971, American money has been valuable only because people perceive it to be valuable since the American government officially backs it. Prior to that, American money had a kind of intrinsic value as well – it was backed by gold held in Fort Knox and at the Federal Reserve. Some states however have decided that it’s high time that things changed back to the way they were. They’re looking to take their citizenry back to the gold standard.
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.
“Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in output and employment continues to be slow. Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.
Could the Federal Reserve’s decision to restart its quantitative easing program trigger a dollar collapse?
Follow the Money Weekly radio host Jerry Robinson talks with popular author and financial commentator, Michael J. Panzner regarding the most pressing economic issues. The interview includes Panzner’s outlook on inflation in the U.S., as well as his opinion about precious metals and agriculture.
Listen as Jerry Robinson talks with F. William Engdahl about his ground-breaking new book, Gods of Money: Wall Street and the Death of the American Century.
Listen as Jerry Robinson talks with F. William Engdahl about his ground-breaking new book, Gods of Money: Wall Street and the Death of the American Century. You may be surprised by Mr. Engdahl’s take on the recent Euro crisis.
“One can say without exaggeration that inflation is an indispensable means of militarism,” Ludwig von Mises wrote. “Without it, the repercussions of war on welfare become obvious much more quickly and penetratingly; war weariness would set in much earlier.”
After fending off most challenges to its independence and winning new powers to oversee big financial firms, the Federal Reserve has emerged from a bruising debate on the overhaul of U.S. financial rules as perhaps the pre-eminent regulator in the sector. But that could only bring it added blame if things go wrong again.
As we close on another week replete with ugly economic data and the usual bizarro counterintuitive market, here is a summary of the 50 most underreported facts about the state of the US economy, courtesy of the Coto report.
“The U.S. turned 234 years old yesterday, and yet over half of the nation’s money supply was created since Helicopter Ben took over the flight controls four years ago. No wonder gold is in a full fledged bull market . . .”
The Fed is now threatening to pull out the big guns.
The very fabric and the seams of the financial system are coming apart. Who knows what the timetable is for the implosion of the current monetary system? We are witnessing the greatest wealth transfer in history, and the horrors of the aftermath of this tragedy will not be forgotten for decades.