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Tag Archives: federal reserve

The 5-19 Show: Money for Nothing

Show Time: Thursday May 19th, 7pm pacific, 8pm Mountain, 9pm Central, 10pm Eastern Tune In: Plain, Hard Truth Internet Radio Call in: Be part of the program – call in to the show: (424) 220-1807 Guests: Nicole Pearce and Andrew Starosky from Truth About Bills. Show Topics: Join Michelle and Rich as they discuss the IMF, if internet currencies can survive ...

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Food and Energy Inflation Is Not Transitory

FORT LEE, N.J., April 28, 2011 /PRNewswire/ — Federal Reserve Chairman Ben Bernanke on Wednesday held his first press conference in history. The press conference took place shortly after the Fed announced its decision to leave the Fed Funds Rate at a record low of 0% to 0.25%, where it has been for an unprecedented 28 months. The U.S. economy is flooded with U.S. dollars ...

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Obama’s Speech on Deficit Reduction: “My finely honed Political Instincts”

Our Obama, who art on vacation, Hollowed be thy head. Your limo come, vacation’s done, in Chicago as it is in Hawaii. Give us this day our daily cheese, and forgive us our conservatism, as we forgive those commie, pinko, progressive, tree-hugging environmentalist wacko Van Jones clones who trespass against us. And lead us not into solvency, but deliver us ...

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Dems’ Gas Tax Hike Would Fuel Tea Party Anger

The average price of a gallon of gasoline is $2.87, a number which will continue to climb as the Federal Reserve’s “quantitative easing” scheme lowers the value of the dollar. That’s a 50% increase from only two years ago; in the weeks following the presidential election, the average price was about a dollar lower. But according to some Democrats, today’s ...

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Fed Proposing Carter Era Inflationary Policy to Fix Economy

You’d think Paul Volcker was in the driver’s seat again.  While he’s no longer running the Fed, perhaps his leadership as the President’s chief economic advisor is giving him more of a voice than any of us want. In his turn at the Fed, it was Volcker that pushed for the massive and crippling inflation that many of us remember ...

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Learning Economics From Chinese Students

As shameful as it is, a Chinese student gets what we’re struggling to understand – government policies are stifling consumption, exports and therefor the economy. A Bloomberg.com post mentioned that when a professor was discussing the nation’s move to keep interest rates low, a student chimed in with true wisdom: Peking University professor Michael Pettis was discussing declining bank-deposit returns when a ...

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Is Obama Pursuing a Weak Dollar Policy?

Within a few days of Obama entering the White House, Tim Geithner stated that a strong dollar is in the best interest of our economy.  The actions taken to date and some historical analysis of Obama’s chief economic advisor, Paul Volcker, would point at a policy of continued weakening of the U.S. currency.  If the dollar continues it’s slide just ...

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Economy Nearing Carter-Era Catastrophe – Volcker Present Again

Interpreting the latest unemployment report could make one’s head spin, but there is valuable information in it other than the tragic 10.2% unemployment rate and the fact that the economy has shed an additional 190,000 jobs in the last month.  Yahoo news points at a separate survey that shows 558,000 more people were unemployed in October than September.  This discrepancy ...

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Transparency Needed Into the Federal Reserve

I realize that I would have to wait in a fairly long line to call Ron Paul a paranoid, old-thinking, isolationist psycho, and I’d gladly take the wait just to have the opportunity.  But, Paul has been pushing for a congressional audit of the Federal Reserve for more than two decades and he might just get it now. Republicans, Libertarians, ...

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