Category: Federal Reserve

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The Fed Has Negative Capital Using GAAP Accounting – Pam Martens and Russ Martens 4/11/24

Source: WallStreetOnParade.com

The Fed’s unprecedented experiments with years of ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing), where it bought up trillions of dollars of low-yielding U.S. Treasuries and agency Mortgage-Backed Securities (MBS) and quietly parked them on its balance sheet, are now posing a threat to the Fed’s flexibility in conducting monetary policy.  (Since 2008, the Fed’s concept of conducting monetary policy has come to enshrine serial Wall Street mega bank bailouts as a regular part of its monetary policy. Large and growing cash losses at the Fed may seriously crimp such future bailouts.)

Continue reading “The Fed Has Negative Capital Using GAAP Accounting – Pam Martens and Russ Martens 4/11/24”

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The 15 Years That Destroyed America – Paul Craig Roberts 11/29/23

Source: Unz.com

The United States Government today bears little resemblance to the government created by the Founding Fathers. Many “reforms” contributed to the transformation of an accountable government to an unaccountable one. For example, the direct election of US senators and the expansion of the franchise from male property owners adversely affected the security of private property. Others point to the effects of wars. All of these played a role in America’s destruction. However, in my opinion the transformation of American government can be explained by events in three short periods of our history.

Continue reading “The 15 Years That Destroyed America – Paul Craig Roberts 11/29/23”

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The Original Deep State: The Anglo-Canadian Hand Behind the Civil War and Lincoln’s Murder – Matthew Ehret 5/3/23

Source: TheLastAmericanVagabond.com

In my last article ‘Woke-ism And The Self-Induced Suicide Of America‘, I introduced a major psycho spiritual rot plaguing both conservative and liberal minded Americans who have either been led to believe that the USA is 1) wholly evil and deserving of self-annihilation or 2) fully exceptional devoid of any hypocritical blemishes.

Continue reading “The Original Deep State: The Anglo-Canadian Hand Behind the Civil War and Lincoln’s Murder – Matthew Ehret 5/3/23”

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The Big Government-Big Bank Plot To Exploit Us – Lew Rockwell 5/8/23

Source: LewRockwell.com

On May 1, government bank officials sold Republic Bank to JP Morgan Chase, the largest bank in the country. Even the New York Times report about the sale recognized that the normal rules had been suspended when the interests of the big government-big bank cabal were at stake: “Lawmakers and regulators have spent years erecting laws and rules meant to limit the power and size of the largest U.S. banks. But those efforts were cast aside in a frantic late-night effort by government officials to contain a banking crisis by seizing and selling First Republic Bank to the country’s biggest bank, JPMorgan Chase.

Continue reading “The Big Government-Big Bank Plot To Exploit Us – Lew Rockwell 5/8/23”

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Why the Bank Crisis is not Over – Michael Hudson 3/14/23

Source: Unz.com

The crashes of Silvergate, Silicon Valley Bank, Signature Bank and its related bank insolvencies are much more serious than the 2008-09 crash. The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were defaulting, and it turned out that the real estate that they had pledged as collateral was fraudulently overvalued, “mark-to-fantasy” junk mortgages made by false valuations of in the property’s actual market price and the borrower’s income. Banks sold these loans to institutional buyers such as pension funds, German savings banks and other gullible buyers who had drunk the neoliberal Kool Aid believing with Alan Greenspan that banks would not cheat them.

Continue reading “Why the Bank Crisis is not Over – Michael Hudson 3/14/23”

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Doug Casey on the Fed Raising Its Inflation Target and Other Shenanigans – InternationalMan 2/15/23

Source: InternationalMan.com

International Man: Recently, there have been whispers about the Fed raising its official inflation target above 2%.

But before we get into that, we should define our terms.

What is the proper way to think of inflation and the Fed itself?

Doug Casey: First of all, the word “inflation” should be viewed as a verb, not as a noun. Inflation is an increase in the amount of money. This is why Bitcoin—which may have other issues as a money—is inflation-proof; it’s a mathematical certainty that no more than 21 million will ever exist. There are absolutely no limits to the supply of fiat dollars, however.

Continue reading “Doug Casey on the Fed Raising Its Inflation Target and Other Shenanigans – InternationalMan 2/15/23”

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The End of Monetary Hedonism – Jeff Deist 1/31/23

Source: Mises.org

Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do they make us happier and more productive? Or do these twin forces actually distort the economy, misallocate resources, and degrade us as people?

These are fundamental questions in an age of monetary hedonism. It is time we began to ask and answer them. Millions of people across the West increasingly recognize the limits of monetary policy, understanding that more money and credit in society do not magically create more goods and services. Production precedes consumption. Capital accumulation is made possible only through profit, which is generated by higher productivity, thanks to earlier capital investment. At the heart of all of it is hard work and human ingenuity. We don’t get rich by legislative edict.

Continue reading “The End of Monetary Hedonism – Jeff Deist 1/31/23”

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A Dollar Collapse Is Now In Motion: Saudi Arabia Signals The End Of Petro Status – BrandonSmith 1/25/23

Source: alt-market.us

The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.

One of the key pillars keeping the dollar in place as the world reserve is its petro-status, and this factor is often held up as the reason why the Greenback cannot fail. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve – In other words, the dollar is backed by…the dollar; it’s a very circular and naive position.

Continue reading “A Dollar Collapse Is Now In Motion: Saudi Arabia Signals The End Of Petro Status – BrandonSmith 1/25/23”

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Can a Deeply Unserious America Fix Its Economy? – JeffDeist 11/25/22

Source: LewRockwell.com

Does America simply lack the political will to face economic reality?

In the teeth of the Depression, Treasury secretary Andrew Mellon famously told President Herbert Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate”—in other words, to resist bailing out any industry through state intervention. This was a tough sell even in those days, and of course Hoover succumbed to politics and took the opposite approach, greatly and needlessly damaging the US economy for decades to come.

Continue reading “Can a Deeply Unserious America Fix Its Economy? – JeffDeist 11/25/22”

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New York Fed Announces Test of Digital Dollar with Major Banks – WashingtonExaminer 11/15/22

Source: WashingtonExaminer.com

The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.

The initiative was announced by the regional Federal Reserve bank and nearly a dozen financial institutions on Tuesday. A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger….

Read More…

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Legal Definitions of Money and Credit – AlasdairMacleod 11/10/22

Source: GoldMoney.com

At these times of growing confusion over the future of currencies’ purchasing power, it is time to remove all doubt in the definitions of the differences between money, currency, and credit. This article traces the history and legal background to these relationships.

Despite the failure of the Bretton Woods agreement in 1971 and the state propaganda that followed, the position is clear. Both historically and legally money is and remains metallic coin — principally gold — and the rest is credit. 

Continue reading “Legal Definitions of Money and Credit – AlasdairMacleod 11/10/22”

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$2.5 Quadrillion Disaster Waiting to Happen – USAWatchdog 11/1/22

Source: usawatchdog.com

Egon von Greyerz (EvG) stores gold for clients at the biggest private gold vault in the world buried deep in the Swiss Alps. EvG is a financial and precious metals expert.  EvG is a former Swiss banker and an expert in risk.  He says the risk in the global markets has never been this high.

Continue reading “$2.5 Quadrillion Disaster Waiting to Happen – USAWatchdog 11/1/22”

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Dollar Strength and Global Currency Debasement – Daniel Lacalle 10/2/22

Source: dlacalle.com

Why are market participants scared of a strong dollar? Because for years there was a massive carry trade against the US dollar, predicated on a bet that constantly printing currency and cutting rates would never create inflation. The world got used to betting on one thing -massive money supply growth- and the opposite -weak inflation-. Cheap money became expensive, as I explained in my book, Escape from The Central Bank Trap.

Continue reading “Dollar Strength and Global Currency Debasement – Daniel Lacalle 10/2/22”

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The Digital Dollar Will Not Be Anonymous, Federal Reserve Chair Jerome Powell Says – ReclaimTheNet 9/27/22

Source: ReclaimTheNet.org

Despite privacy being one of the main concerns citizens have about central bank digital currencies (CBDCs), the heads of the United States (US) Federal Reserve and European Central Bank (ECB) have confirmed that their respective CBDCs will not be anonymous.

Continue reading “The Digital Dollar Will Not Be Anonymous, Federal Reserve Chair Jerome Powell Says – ReclaimTheNet 9/27/22”

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Central Bank Digital Currencies Are the Ultimate Tool of Financial Oppression – BrandonSmith 7/6/22

Source: BirchGold.com

Currencies are the lifeblood of a nation’s trade and its economy. When a currency fails, the entire economy collapses.

Even so, most people rarely think about the health or buying power of the money in their pockets. They watch their bank balance, their brokerage or IRA balance and are aware of their home’s value. They see those numbers change, but they never reflect on the value of the currency itself.

Continue reading “Central Bank Digital Currencies Are the Ultimate Tool of Financial Oppression – BrandonSmith 7/6/22”

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Global Planned Financial Tsunami has Just Begun – F.WilliamEngdahl 6/21/22

Source: WilliamEngdahl.com

Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.

Continue reading “Global Planned Financial Tsunami has Just Begun – F.WilliamEngdahl 6/21/22”

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Nickel: How Government Alchemists Turned a Base Money Hard and Now Are Expected to Kill It – Mises 5/17/22

Source: Mises.org

The nickel, the once popular US five-cent coin, is known for its nickel content (25 percent nickel and 75 percent copper). It originated as a type of fiat money in that its intrinsic metal value was far less than the purchasing power stamped on it. The final act in the illustrative monetary career of the nickel is expected to be extinction, as with the penny, as inflation increases the coin’s cost of production and reduces its real purchasing power.

Continue reading “Nickel: How Government Alchemists Turned a Base Money Hard and Now Are Expected to Kill It – Mises 5/17/22”

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The War on Gold Ensures the Dollar’s Downfall – Matthew Cortez 5/12/22

Source: MoneyMetals.com

Last month was the 89th anniversary of one of America’s biggest blunders on her descent from honest, sound money into weaponized political money: Executive Order 6102.

Signed on April 5, 1933, U.S. President Franklin Delano Roosevelt required all persons holding more than five ounces of gold to deliver their “gold coin, gold bullion, and gold certificates, now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System.”

By outlawing the so-called “hoarding” of gold, Roosevelt intended to destroy gold as an everyday currency, transferring the purchasing power of gold to the U.S. government.

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Dire Warnings From Past U.S. Presidents and Other High-Profile Leaders About an “Invisible Government” That Runs the U.S. With “No Allegiance To the People” – ConsciousLifeNews 4/25/22

Source: ConsciousLifeNews.com (via BlacklistedNews.com)

There are a lot of critics of the U.S. government these days. Admittedly, a good part of the time, I’m one of them.  Some people would say that the criticism is just evidence of our jaded, modern times. Not so, my friends.  Let’s take a look at what “insiders” have been saying about the American government over the past 224 years.  And by “insiders” I don’t mean Capital Hill journalists or presidential aides.  I’m talking about actual past presidents, vice presidents, congressmen, senators, and other high profile political leaders.

Together, these historical leaders paint a pretty dire picture of our democracy, saying that the U.S. is under the control of an “invisible government owing no allegiance and acknowledging no responsibility to the people” and this “invisible government is the true ruling power in our country.”

Continue reading “Dire Warnings From Past U.S. Presidents and Other High-Profile Leaders About an “Invisible Government” That Runs the U.S. With “No Allegiance To the People” – ConsciousLifeNews 4/25/22”