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?
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
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.”
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.
New Evidence Reveals the Real Goal of QE2
“None of the cash ever made it to U.S. banks…”
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…
Jerry Robinson Interviewed About U.S. Economy on Iranian State TV
FTMDaily.com Founder, Jerry Robinson, was recently interviewed about the state of the U.S. economy on Iranian State Television (presstv.ir).
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.
13 States Say Dump the Dollar, Bring On the Gold!
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.
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.
Economic Recovery or Financial Armageddon? An Interview Michael J. Panzner
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.
F. William Engdahl Interview – Follow the Money Podcast
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.
Ben Bernanke Has Created Half of All the US Dollars in Existence – in Four Years!
“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 . . .”
Federal Reserve Surprise! "We may have to print more money" to spur "recovery"
The Fed is now threatening to pull out the big guns.