(SchiffReport) – And in the process lets Alan Greenspan off the hook — as he is now officially the worst Fed Chairman ever! Read the rest of this entry »

(ZeroHedge) - What changed in the last 30 days? Did the world just wake up to the idea that the only way out of this quagmire is a twisted currency war that appears to have re-ignited thanks to Abe’s efforts? Something appears to have snapped in the American psyche as the last 30 days have seen the largest physical gold sales on record. Between the search volume for ‘bulk ammo’ and this, we fear something is afoot and while Congress fiddles as our economy burns, Bernanke going ‘back to work’ is perhaps what the physical ‘horders’ are thinking… or maybe they understand, as we noted here, that just as Kyle Bass has confirmed previously, Paper Gold is just like allocated, unambiguously owned physical bullion… until it’s not.

(Source: US Mint)

(h/t Alex Gloy of Lighthouse Investment Management)

(RealityReport) – The nationwide siege of the Federal Reserve begins! In this edition of the Reality Report Gary Franchi presents the case against the FED and the group who is calling for a total blockade of the Central Bank. We also deliver the good news about a State of the Union who will now be accepting gold and silver as legal tender. Senator Mark Kirk spanks Ben Bernanke in a special clip and Tom Woods presents this weeks Question of the Week. Read the rest of this entry »

(CNN) – Ben Bernanke has had his hands full since his first day on the job as Federal Reserve chairman nearly five years ago. It’s about to get even tougher.

His harshest critic on Capitol Hill, Rep. Ron Paul of Texas, is about to become one of his overseers. Read the rest of this entry »

(Bus&MediaInstitute) – Outspoken libertarian Texas congressman argues Feds quantitative easing isnt working and that discredits liberal New York Times columnists view. Read the rest of this entry »

(RussiaToday) – This time, Max Keiser and co-host, Stacy Herbert, ponder a Federal Reserve induced civil war as Ben Bernanke throws Granny down the stairs. In the second half of the show Max talks to James Howard Kunstler about post peak oil America. Read the rest of this entry »

Inflation fears are heating up this week as Fed Chairman Ben Bernanke gave a speech in Boston on Friday, causing further frantic flight into gold by those fearful of the coming “quantitative easing” the Fed is set to deliver in November. Others who view gold as a short term investment engaged in immediate profit-taking after Bernanke’s speech. Read the rest of this entry »

(ZeroHedge) – You didn’t think China was just going to do the rockaway and lean back, lean back, lean back. Nope – China Daily says: “A currency war is spreading as the dollar’s value against major world currencies has continued to decline in recent days” and calmly confirms what everyone esle knows: “It is the dollar that triggered the currency war. Seemingly a market move, the depreciation of the dollar is actually active.” Check to you, Tim Geithner and your currency manipulation report. What is remarkable, is how simply and accurately CD writer Li Xiangyang captures absolutely everything that Bernanke is trying to achieve. Read the rest of this entry »

(EconomicCollapse) – When Federal Reserve Chairman Ben Bernanke gives a speech about the U.S. economy, it gets a whole lot more attention than when Barack Obama gives a speech about the U.S. economy.  Why is this true?  Well, it is because Bernanke has a whole lot more control over the U.S. economy than Obama does. It is the Federal Reserve that controls monetary policy and interest rates. It is the Federal Reserve that can create money out of thin air. Read the rest of this entry »

(ZeroHedge) – One of the more amusing implications of Bernanke’s relentless desire to destroy the world is that he is causing a surge in profit margins for retailers like costco which are now actively engaged in provisioning for the upcoming monetary policy-induced apocalypse. And here is the deal of the day, courtesy of producer shelf reliance (“your premier source for food storage and emergency preparedness planning”) as Bernanke is apparently dead set on immitating the BOJ in purchasing ETFs openly, as opposed to using its secret Citadel dark pool channels: $799 buys you a 1-year food supply for 1 person or 5,011 total servings. Thank you Bernanke – your actions have now lead people to believe you are the antichrist. We can’t decide if Geithner is famine or pestilence. Read the rest of this entry »

Ed Yardley notes:

Two economists, Seth B. Carpenter and Selva Demiralp, recently posted a discussion paper on the Federal Reserve Board’s website, titled “Money, Reserves, and the Transmission of Monetary Policy: Does the Money Multiplier Exist?” [Here's the link.] – Read the rest of this entry »

George W. Bush famously blamed the economic crisis on Wall Street getting drunk. Sure, said Peter Schiff, but who supplied the liquor? It was Greenspan and the Fed, and Bernanke is still at the bar, handing out free booze. The result has been a continuing depression, with smart business people moving overseas. All is not lost, by any means. We just need sound money, saving and investment, and an end to government meddling and confiscation. Sounds like science fiction, but in a crisis, good things can happen as well as bad. Read the rest of this entry »

(TheNation) – “The Republican Pledge to Privatize Social Security” – Read More Here

(InfoClearingHouse) – Media Buries Reports on Financial Crime – Danny Schechter – Read More Here

(BusinessInsider) – David Rosenberg: Forget Gold $1300, It’s Going To $3000

Just because we hit that that big round-numbered milestone of $1300/oz this morning, don’t think that we’re at the peak of a gold bubble. That’s at least how David Rosenberg sees it: Read More Here

(Bloomberg) – Buffett to taxpayers: Get over your anger – Read More Here

(MarketOracle) – 30 Trillion for Quantitative Easing (QE) 2? It’s Time to Get Radical! – Read More Here

(NYSun) – Greenspan’s Warning on Gold – ‘It signals problems with respect to currency markets,’ he says. ‘Central banks should pay attention to it.’ – Read More Here

(MarketWatch) – August durable-goods orders drop 1.3% – Read More Here

(SilverBearCafe) – How High Will the Gold Price Go this Fall? – Read More Here

(IND) – Queen tried to use state poverty fund to heat Buckingham Palace – Read More Here

(WhoOwnsTheWorld) – “Queen Elizabeth II the largest landowner on Earth.” – The value of her land holding. £17,600,000,000,000 (approx). – Read More Here

(FinancialArmageddon) – ‘It’s Just Happening Spontaneously’ – View More Here

(ZeroHedge) – Dollar Hits All Time Low Against Swiss Franc – Tyler Durden

The USDCHD just printed at 0.9780, the lowest ever in history. The dollar obliteration, and the rush to safety away from the psychopaths of the Federal Reserve continues. Surely the destruction that the Fed is reaping everywhere will get investors to regain their confidence in what is now nothing more than a battlefield where the central bankers of the world can conduct their own little pissing contest while the HFT algos watch in awe and buy shit. Read More Here

Climategate

(PoorRichardsBlog) – Cap and Trade: A License Required for your Home

Beginning 1 year after enactment of the Cap and Trade Act, you won’t be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act. H.R. 2454, the “Cap & Trade” bill passed by the House of Representatives, if also passed by the Senate, will be the largest tax increase any of us has ever experienced. Read More Here

Video

(KurtNimmo) – Video: Gold Breaks Psychological Barrier

Gold has continued its astronomical ascent, reaching a new record-breaking high of $1,300 an ounce today. This is the fourth day of record high gold prices.

Earlier in the week, the precious metal surged after Federal Reserve boss Bernanke said the banksters will provide extra “monetary stimulus” to boost the collapsing economy. Read the rest of this entry »

(GeraldCelente) – What 80 percent of economists call “Recovery” is a “Cover up”. Trillions in losses papered over with trillions of phantom dollars printed out of thin air and backed by nothing produce nothing except the mirage of recovery. The dollar’s dive and gold’s historic high is no mirage. Gold doesn’t lie. Read the rest of this entry »

CNBC anchors were left dumbfounded and acted overtly cantankerous yesterday after Congressman Ron Paul’s opening statement at the House Financial Services Committee was broadcast live to an audience of millions. Read the rest of this entry »

It was a joke, but not funny. Ben Bernanke, Federal Reserve mob boss, declared in his semi annual report to the Senate Banking Committee earlier this week “there is a reasonable prospect” the “recession” will end this year. The stock market responded with an upward blip of conditional and cynical enthusiasm. Read the rest of this entry »

It’s Time to Treat America’s Homeowners as Well as We’ve Been Treating Wall Street’s Bankers Read the rest of this entry »

Whenever you try to solve a problem you should look at what caused the problem in the first place. In early 2009, the banking system is wrestling with hundreds of billions (if not trillions) of dollars of bad assets, known as subprime loans, marginal loans, or other vague descriptors. Read the rest of this entry »

Marc Faber “U S will default on debt or enter hyperinflation” – 02-05-09 – CNBC Read the rest of this entry »

The way Ron Paul tells it, his more than 30 years of speaking and writing about money, inflation, and the Federal Reserve System attracted only limited interest outside libertarian and constitutionalist circles. The subject, and Paul as its spokesman, were scarcely to be found in the media, even—or perhaps especially—on the business networks. Read the rest of this entry »

February 10, 2009 C-SPAN Read the rest of this entry »

February 10, 2009 C-SPAN Read the rest of this entry »

Global bond markets are calling the bluff of the US Federal Reserve. Read the rest of this entry »

Global bond markets are calling the bluff of the US Federal Reserve. Read the rest of this entry »

Presented by Ron Paul at “Our Enemy, Inflation,” the Mises Circle in Houston, sponsored by Jeremy S. Davis. Recorded Saturday, 24 January 2009. Read the rest of this entry »

We first posted this article on 13th August 2007 when it appeared to us that the US Dollar along with the economy was heading into such dangerous waters that gold would be the beneficiary. At the time gold was trading at around $670/oz and it closed yesterday at $834.80 for a gain of $164.80 or 24%. Read the rest of this entry »

Dennis Kucinich States His Intention To Put The Federal Reserve Under Government Control Read the rest of this entry »

Texas Congressman Ron Paul has warned that passing the latest proposed economic stimulus package would be akin to pouring kerosene on an already raging fire. Read the rest of this entry »

The worst economic turmoil since the Great Depression is not a natural phenomenon but a man-made disaster in which we all played a part. In the second part of a week-long series looking behind the slump, Guardian City editor Julia Finch picks out the individuals who have led us into the current crisis. Read the rest of this entry »

Bank of America needs $20bn bailout while Citigroup forced to unveil break-up. Barclays Bank shares plummet 25 per cent as turmoil spreads to Europe Read the rest of this entry »

Paulson’s Financial Bailout

It is becoming clear that the bailout measures of late 2008 may have consequences at least as grave for an open society as the response to 9/11 in 2001. Many members of Congress felt coerced into voting against their inclinations, and the normal procedures for orderly consideration of a bill were dispensed with.

The excuse for bypassing normal legislative procedures was the existence of an emergency. But one of the most reprehensible features of the legislation, that it allowed Treasury Secretary Henry Paulson to permit bailed-out institutions to use public money for exorbitant salaries and bonuses, was inserted by Paulson after the immediate crisis had passed.

Read the rest of this entry »

Congressman Ron Paul responds to Barack Obama’s admission that trillion dollar deficits will be here for years to come. Read the rest of this entry »

SINGAPORE (Reuters) – Many investors said good riddance on Wednesday to one of the worst years on record and prayed that government rescue plans will pull the global economy out of its fierce tailspin later in the new year.

More pain is expected in the near-term as bleak economic reports roll in, flagging more bankruptcies, bad debts and layoffs through at least early 2009, and more sleepless nights for everyone from central bankers to consumers struggling to pay off mortgages and credit card bills.

Read the rest of this entry »

The Federal Reserve slashed a key short-term interest rate to effectively zero today, and signaled that it will “employ all available tools” to try to arrest the nation’s economic freefall. Read the rest of this entry »

The Federal Reserve has bluntly refused a request by a major US financial news service to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and to reveal the assets the central bank is accepting as collateral. Their lawyers resorted to the bizarre argument that they did so to protect ‘trade secrets.’ Is the secret that the US financial system is de facto bankrupt?

The latest Fed move is further indication of the degree of panic and lack of clear strategy within the highest ranks of the US financial institutions. Unprecedented Federal Reserve expansion of the Monetary Base in recent weeks sets the stage for a future Weimar-style hyperinflation, perhaps before 2010. Read the rest of this entry »

Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain. Read the rest of this entry »

CARD CHECK: “You have nothing to lose but your chains”

Even though the Federal Reserve is now the biggest single participant in the financial system, the myth of a “free market” still lingers on. It’s mind boggling. The Fed has expanded its balance sheet by $2 trillion, guaranteed $8.3 trillion of dodgy mortgage-backed paper, provided a backstop for bank deposits, money markets, commercial paper, and created 8 separate lending facilities to ensure that underwater financial institutions can still appear to be solvent. The whole system is a state subsidized operation buoyed on a taxpayer-provided flotation device which bears no resemblance to an invisible hand. More astonishing, is the massive power grab engineered by the Fed which has taken place without the slightest protest from 535 shell-shocked congressmen and senators. Read the rest of this entry »

The Fed has become the chief bubble creator, Abolish the Fed.

Everyone knows that the Great Depression followed the “Roaring Twenties”.

But how many Americans know that the easy credit and loose lending of the Twenties was what caused the Great Depression? Read the rest of this entry »

“Conditions have deteriorated on a scale and with a speed that no one could have predicted just a few months ago. Market conditions of unprecedented strength are roiling the world’s financial markets. The global economy is either in, or close to, recession and 2009 is not likely to be a year of great recovery.” Brett White, chief executive officer of CB Richard Ellis, LA Times

November 29, 2008 – Without any public debate or authorization from Congress, the Federal Reserve has embarked on the most radical financial intervention in history. Fed chairman Ben Bernanke is trying to avert another Great Depression by flooding the financial system with liquidity in an attempt to mitigate the effects of tightening credit and a sharp decline in consumer spending. Read the rest of this entry »

It’s been a quick slide from economic superpower to economic basket case.

Dear United States, Welcome to the Third World!

It’s not every day that a superpower makes a bid to transform itself into a Third World nation, and we here at the World Bank and the International Monetary Fund want to be among the first to welcome you to the community of states in desperate need of international economic assistance. As you spiral into a catastrophic financial meltdown, we are delighted to respond to your Treasury Department’s request that we undertake a joint stability assessment of your financial sector. In these turbulent times, we can provide services ranging from subsidized loans to expert advisors willing to perform an emergency overhaul of your entire government. Read the rest of this entry »

http://endthefed.us

Ron Paul explains that the Dollar is no longer going to be the reserve currency of the world.

Congressman demands to know if discussions regarding new reserve system to replace dollar have taken place

Congressman Ron Paul confronted Federal Reserve chairman Ben Bernanke this morning about plans to replace the dollar with a new global currency during the House Financial Services Committee meeting on Capitol Hill. Read the rest of this entry »

On October 28, the Financial Times’ columnist Martin Wolf wrote: “Preventing a global slump must be the priority.” He cited Nouriel Roubini back in February listing “twelve steps to financial disaster,” all of which the US took and dragged the whole world down with it.

Priority one is to rescue it and avoid a possible depression. “Given the near-disintegration of the western world’s banking system, the flight to safe assets, the tightening of credit to the real economy, collapsing equity prices, turmoil on currency markets, continued steep declines in house prices, rapid withdrawal of funds from hedge funds and ongoing collapse of the so-called “shadow banking system.” More worrisome is that “next year could be far worse” so what does Wolf think should be done? Read the rest of this entry »

While the government is clearly spending a lot of taxpayers’ money to bail out financial firms, the tally is even bigger than most Americans (economists and pundits included) are probably aware or willing to admit. Read the rest of this entry »

While the government is clearly spending a lot of taxpayers’ money to bail out financial firms, the tally is even bigger than most Americans (economists and pundits included) are probably aware or willing to admit. Read the rest of this entry »

Will an Obama Administration Reverse the Tide?

Most Serious Economic Crisis in Modern History

The October 2008 financial meltdown is not the result of a cyclical economic phenomenon. It is the deliberate result of US government policy instrumented through the Treasury and the US Federal Reserve Board.  Read the rest of this entry »

From too much of a good thing. From the 1980s and 1990s excesses. From the longest ever US bull market. Heavily manipulated to keep it levitating. From August 1982 to January 2000. An illusory reprieve from October 2002 to October 2007. Fluctuations aside, all lost in the past 12 months. The wages of sin are now due, and payment is being painfully extracted. From all nations globally. Affecting ordinary people the most who had nothing to do with creating booms and busts. They got little on the upside but are paying dearly for the down. Read the rest of this entry »

With news this week that Congress is poised to consider a new stimulus package, I am forced to again ask a question that seems silly in Washington: How will we pay for this?

While a few Members of Congress have raised the issue, it certainly was not the primary concern of the House Budget Committee when they interviewed Ben Bernanke on Monday. And, when they did direct this question to the Chairman of the Federal Reserve, his answer was the standard rhetoric about how Congress needed to make tough choices. Needless to say, not many specifics were discussed. Read the rest of this entry »

The Housing Bubble And Its Crash Were Engineered From The Highest Levels Of The US Government, The Federal Reserve, And The Financial Industry Read the rest of this entry »