Tag Archives: federal reserve

Negative interest rates are coming to America

Obama Bernanke Yellen

American savers have had it hard enough, earning next to nothing on bank deposits and money market funds. But could it get worse, with banks here charging depositors interest to hold their money and high-quality bonds yielding nothing at all? It might seem a curious question, given broad expectations for ...

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2015: the year when the U.S. stock market bubble bursts?

NASDAQ stock market bubble

The stock market has recently hit record highs, so the economy must be doing great… right? Contrary to what the media and politicians would have you believe, we are witnessing one of the biggest bubbles in human history, and there are signs that it may be near its final breath. ...

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Greenspan: QE failed, the unwind will be painful, ‘buy gold’

Alan Greenspan CFR

It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed’s bond-buying program fell short of its goals, and had a lot more ...

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113 Federal Reserve staff members earn $250,000 annually

Janet Yellen

Just in case you need another reason to dislike the thieving Federal Reserve. From Reuters: (Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top ...

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US and UK conducting war games for banking collapse

Money currency

Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday. Treasury Secretary Jack Lew and the UK’s Chancellor of ...

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Central banking is financial terrorism

Banking building

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law ...

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House approves Ron Paul’s ‘Audit the Fed’ bill

Audit-the-Fed-Paul-Broun

Former Rep. Ron Paul’s push to audit the Federal Reserve got another boost Wednesday when the House passed the bill for the second time in three years, and by a bigger margin than before. The bill, now sponsored by Rep. Paul Broun, Georgia Republican, was approved on a 333-92 vote, with all but ...

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Germany gives up on getting their gold back

German gold

Germany’s plan to bring back the nation’s gold reserves to Frankfurt by 2020 has fizzled, and instead has for now decided to leave $635 billion of gold in US vaults. Home to the world’s second largest gold reserves, worth $141 billion, Germany only keeps about one third of its gold ...

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Rand Paul: Audit the Fed or I will hold up nominees

Rand Paul

United States Senator Rand Paul (R-Kentucky) says he plans to hold the appointment of three new likely members of the US Federal Reserve unless colleagues in Congress hold a vote on auditing the Fed. A long-time opponent of the central bank, Paul wrote Senate Majority Leader Harry Reid (D-Nevada) informing him of ...

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