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House Attacks Fed, Treasury
" WASHINGTON -- Political frustration over the rescue of Wall Street and high unemployment erupted in the House Thursday, with one committee threatening to impose tighter scrutiny on the Federal Reserve and another trading verbal insults with Treasury Secretary Timothy... Where are the consumers?
If the consumer credit party is over, is it possible for businesses to grow, and prosper? Not now, when consumers stop consuming, the economy stop growing.If consumers don't borrow, the consumer economy won't... What will the US Dollar do?
Ben Bernanke the chairman of the Fed, said in a speech at the National Economists Club in Washington, in November 2002:“Like gold, U.S. dollars have value only to the extent that they are strictly limited in... Is Active Monetary Intervention Necessary?
Friedman's "solution for reducing the prospect for active intervention as well as the margin of human error was to propose the establishment of monetary rules instead of monetary authorities," explains Vox Day the... A Wise Lesson From the Past
For 40,000 years - maybe longer - our ancestors have walked the very earth. They lived. They died. What did they know? Scientists say they were as smart as we are. What did they talk about? What did they think... 304 views | 44 recommendations | 17 comments
Nobel Peace Prize winner kills US Dollar
Ironically the winner of this year’s Nobel Price for the Peace, Barack Obama also had a totally different mission in mind; killing the US dollar. Of course, Obama and his financial ministers will always... 1135 views | 48 recommendations | 34 comments
Ben’s Mission Accomplished
Equal as former President George W. Bush declared, "Mission accomplished" in Iraq, on May 1st, 2003, now six years later there still is no clear end in sight.And again history is repeating itself, as Big Ben... Recovery a Hoax
Traveling through Europe the last couple of weeks brought a closer insight in the economic development underway.Meanwhile the US Dollar has fallen in an opposed direction compared with stocks, gold, and the rest of... Big Ben’s Mistakes
As soon as Bernanke starts his helicopter engines, bond buyers get out their guns; the Chinese - the biggest single customer for US debt - have warned that they will shoot him down. What can Bernanke do? He is... Lies are told to trick consumers into buying again
Ben Bernanke was re-appointed for another term as head of the Federal Reserve. The Obama administration said “the downturn was a little worse than it had thought, so it's estimate for the 2010 budget deficit had... Big Ben is no Hero
The media do believe us the newest hero is Ben Bernanke. Probably their mind and many others come from another planet. And were not on Earth when Big Ben acted in the past. He became popular as the Helicopter Ben*... 138 views | 24 recommendations | 8 comments
Greenback Emissions Threaten Global Health
Warren Buffett warned in The New York Times - that "greenback emissions" threaten the whole world Econo(mic)-system."The question is not whether the dollar will weaken over time, but how it will weaken," El-Erian... Could Hyperinflation Happen?
Theoretically, yes. Hyperinflation is a scary thought. Technical definitions vary, but while it could be argued that mild inflation can be a sign of a growing economy, hyperinflation is certainly never a good... Fiat Currency Good or Bad?
The history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of... 815 views | 32 recommendations | 12 comments
$ 24 Trillion Financial Exposure
"The watchdog overseeing the federal government financial bailout says the government's maximum exposure to financial institutions since 2007 could total nearly $24 trillion, or about $80,000 for every...
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