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Tag Archives: federal reserve

Fed Chair: No Interest Rate Hike Any Time Soon

Janet Yellen

Federal Reserve Chair Janet Yellen set a cautionary tone on the economy saying that the FOMC will not make a move on interest rates for the next few meetings. Ms. Yellen attributed her dovish stance to weak inflation and a slowly improving jobs situation. “It continues to be the FOMC’s assessment that even after employment and inflation are near levels ...

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More states making move to gold, silver as legal tender

gold as legal tender

Arizona senators voted 18-10 on Tuesday to pass a measure that would make gold and silver legal for use as tender for payment. Earlier this month the same legislation cleared the Arizona House which leaves only Governor Jan Brewer’s signature before it becomes law. While U.S. currency will continue to be accepted in the Grand Canyon State, the new bill ...

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Employment situation still dicey as more jobs lost than expected

Initial jobless claims come in than economists had forecast showing a still weak jobs climate. The Labor Department said Thursday that initial jobless claims for the week ending April 13th came in at a seasonally adjusted 352,000 which was slightly higher than expectations of 350,000 and an increase of 4,000 over last week’s numbers. The employment market has not yet rebounded even ...

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IRS Insider Exposes Federal Reserve Coup and IRS Fraud

joe_banister

YouTube Description: Joe Banister is the first and thus far only IRS Criminal Investigation Division Special Agent ever to conduct, while serving as a special agent, an investigation into allegations that the IRS illegally administers and enforces the federal income tax. He respectfully reported the results of his investigation to his IRS superiors, up to and including the IRS Commissioner. ...

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Let “progressives” Own the Fiscal Cliff

Rand Paul

The Federal Reserve plans to keep short-term interest rate near zero until unemployment drops below 6.5 percent and inflation reaches 2.5 percent.  This means given the current equations used to calculate those numbers, Fed interest rates will remain at current lows until mid-2015 or beyond. The Fed will also continue spending $85 billion a month on bond purchases to keep ...

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Dollar slides ahead of Fed meeting outcome

The Federal Open Market Committee (FOMC), the monetary policy-making body of the Federal Reserve, is meeting for the second time in so many days to determine what actions, if any, to take to help America’s flagging economy. Ben Bernanke and the Federal Reserve are largely anticipated to institute another round of Quantitative Easing (QE3) as a means to stimulating the ...

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QE3: Seriously?

Growth of the money supply due to quantitative easing

Quantitative Easing is simply the introduction of money into the economy by a central bank. It has been done twice during the current recession with no positive effects and Ben Bernanke’s Federal Reserve seems ready to launch version three – often referred to as QE3. QE1 QE1 launched on November 25th, 2008 with a Federal Reserve initiated purchase of $500 ...

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Harry Reid in 1995: I Think We Should Audit the Fed

harry reid

Yesterday the House of Representatives  finally voted on, and passed, Ron Paul’s signature legislation the Audit the Fed bill, by a vote of 327-8. The bill had wide bi-partisan support; 89 Democrats joined all but 1 of the House Republicans in voting for the bill. Despite the broad bi-partisan support the bill has, it will be dead upon arrival at ...

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WashPost Front-Pager on Collapsing Net Worth Missing One Word: ‘Obama’

A new economic report from the Federal Reserve doesn’t offer much hope. On the front page of The Washington Post,  Ylan Q. Mui underlined “the Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992.”   Furthermore, “the data ...

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Ron Paul: Sage Grandfather or Crazy Uncle?

I find myself intrigued with Ron Paul on a regular basis. The man can get up and say some of the most patriotic and sensible things in one sentence and then in the next sentence sound like he just came out of an insane asylum. Paul has great ideas when it comes to fiscal responsibility, spending, freedom, and the Federal ...

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End The Fed… And Replace it With What?

Audit the Fed - HR 459

Whenever the subject of eliminating the Federal Reserve is raised, there is an inevitable question posed: What would replace it? This question leads to one of the most common criticisms levelled against the “End the Fed” crowd: Eliminating the central bank and giving control of monetary policy to Congress would result a situation like Zimbabwe, where the national legislature printed insane quantities of worthless ...

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Fed's Bernanke Props Up EU With Loan-sharking Scheme

U.S. Federal Reserve Chairman Ben Bernanke has reached out to Europe in what is being mischaracterized across America as just another European bailout. Bernanke realizes the U.S. Congress would never allow the Federal Reserve to put the U.S. Economy at further risk by directly bailing out the European Socialists, in which we are already exposed to the tune of owning ...

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Dealing With the Occupations

I’ve heard a few libertarians who get a little bit defensive of how the Occupy Wall Street movement is treated, and for a while I wondered why that was. Every conservative I know has been very critical for obvious and good reasons. As a conservative libertarian, I usually reserve judgment, but as usual I fall somewhere in the middle of ...

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The New China Syndrome

When hearing a number of conservative (some real, some alleged) figures speak about China, the tone and rhetoric are usually a mix of concern, anger and fear. Donald Trump, one of the alleged conservatives, has spoken at length on the issue, which is probably a chief reason why he gained some traction while contemplating a run for president. Trump has ...

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Mitchell & Ray September 22nd: GOP Debate, McCotter on Mitt, The Twist and More

When: Thursday, September 22nd, 10pm Eastern/7pm Pacific Where: Streaming Internet Radio What: We’ll discuss The Attack Waaaaatch video, Obama’s version of transparency, crony socialism and seeing recent democrat losses through blue-tinted glasses Guests: Brandon Morse, CEO of Misfit Politics and Ezra Dulis the creator of the now viral video Ataaack Waaaatch!! Show Recording: 9-22 Show Recording

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