Wall Street & Federal Reserve

Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the Central Banking system of the United States. 5.0/5

Wall Street Federal Reserve Dow Jones Industrial Average Janet Yellen Ben Bernanke United States Goldman Sachs John Cusack White House Hong Kong Federal Reserve Bank George W. Bush Mitt Romney Federal Open Market Committee Fed Chairman Ben Bernanke New York

Asian markets have turned lower, tracking a sell-off on Wall Street as investors were spooked by Federal Reserve m…
The departure of Daniel Tarullo from the Federal Reserve is a momentous event for Wall Street v…
THE Wall Street Journal: A Federal Reserve official acknowledged a role in an alleged leak of confidential informa…
Let the fraud and theft continue!! 😳😂😱 Wall Street trick to roll back rules to prevent the next financial meltdown
Wall Street is already expecting a Federal Reserve rate hike in December, and now the central is indicating...
Regulators will review Wall Street 'living wills': The Federal Reserve on Tuesday said it has received Wall S...
The Federal Reserve is taking aim at Wall Street's merchant banks.
It has been 9 years since tore into the Federal Reserve. Do you think Wall Street has changed since then? ht…
Urie:Dems making conscious decision2throw their lots w/ Wall Street as early as appointment of Paul to Federal Reserve
Wall Street fell for a fifth straight session on Wednesday after the Federal Reserve left interest r...
What about your friends at the Federal Reserve? The aiders and abettors of "Wall Street".
This election will be: The American people with Trump vs Federal Reserve, Wall Street and political elites
MANILA, Philippines (AP) — Global stocks mostly rose Thursday, tracking gains on Wall Street after the Federal Reserve left Interest Rates
New York, March 16 (Reuters) - Wall Street gained on Wednesday after the U.S. Federal Reserve's decision to hold interest …
True freedom does not regulate Wall Street, we should begin by reforming the Federal Reserve.
The Federal Reserve rate hike meeting is today. Everyone on Wall Street wants to know: Will they or won't they?
Save up to 45% 0ff MSRP On Streetbike Tires
Only beneficiary of Federal Reserve zero interest policy is Wall Street
Fed slashes payout plans of large Wall Street banks: Four of the largest U.S. banks...
Big Banks Struggle to Clear Fed Tests: Four of the biggest names on Wall Street struggled to pass the Federal ...
When Barack Obama met with "Pimp with a Limp"...we were working. When Obama met with Al Sharpton...we were working. When Obama met with a woman who bathed herself in milk and Fruit Loops...we were working. As stated previously those who've been with me for a while know how I feel about Bill Clinton and George W. Bush. Disgust isn't a strong enough word for these two. Bill Clinton put us on this path with his deregulation of Wall Street and overtly racist housing programs. Barney Frank and Chris Dodd anyone? Bush was even worse. Over the years America has counted on the "Republicans" to be the "adults" in government. Those days are over. Bush knew about the harm and the fraud taking place across America known as "ninja" loans. No Income No Job. He also knew these things were being "packaged", re-branded by ratings agencies and sold as "quality" investments around the world. He knew about these incredibly real dangers to our economy, banking system, and currency and did nothing. Yes he gave a cursory ...
David Stockman, an integral part of the Reagan administration, has produced a great book, 'The Great Deformation," in which he blames Republican Presidents starting with Richard Nixon for the sad state of the US economy, but he saves his worst invective for Ronald Reagan and George W. Bush for their abandonment of sound Economic Policy and their wild "deficits don't matter" spending. He indicts the Reagan administration for a needless, wasteful military build-up and the creation of what he calls the "warfare state." He also condemns the fiscal profligacy of Republican Economic Policy for condoning any and all tax cuts for any reason whatsoever, for coddling Wall Street and for decades of money printing and market rigging by the Federal Reserve. In an article in the New York Times Stockman said: "The destruction of fiscal rectitude under Ronald Reagan - one reason I resigned as his budget chief in 1985 - was the greatest of his many dramatic acts. It created a template for the Republicans' utter abandonmen ...
Wall Street gains broadened overnight after minutes from the latest US Federal Reserve meeting showed policy m,,,
This is from:of the Bankers At the turn of the 20th century, a plan to slowly take over the government of the United States began to unfold. Many works have been written about the Nazi machine that instigated two world wars, though few have traced the footsteps of the foreign financiers and the actors we prefer to call “politicians.” A brief glance at shipping records, passenger manifests, and financial transactions on Wall Street indicates a pattern of deception which was masterminded by this same machine. The level of cooperation from government agencies and their elected officials was not only disgraceful, but blatantly treasonous. In his book, “The Creature From Jekyll Island,” [1] author G. Edward Griffin described the secret meetings which created the Federal Reserve in 1913. The architect of the plan, Paul M. Warburg, was a representative of the Rothschild banks in England and France and his brother Felix headed the Warburg banks in Germany and the Netherlands. Of significance is the fact t ...
Jihadists don't own the "Crown" (the Bank of England), Wall Street, the "Federal Reserve", the IRS, all of the 6 media conglomerates (the entire "Hollywood Complex" including the "news") that make up 98% of the Western cognitive experience in complete and collusive corporate monopoly, nor have a monopoly over the quadrillion dollar energy industry. Jihadists did not benefit from the 9/11 wars. They haven't made trillions of dollars from a "War on Terror" that turned out to be a "War OF Terror" instead. They never engaged in the most damaging espionage out of anyone to America, and they didn't lie about Saddam's WMDs straight to our House Oversight committee, and provide fake intelligence to massacre over 1.5 million Iraqis. Jihadists aren't considered the most hostile and top spy threat by any level or category of the Western enterprise. Jihadists do not get raw data feeds from the NSA sent to them on US citizen's private data even though they are a foreign entity. Jihadists don't have an ultra powerful . ...
(NaturalNews) He managed to forecast the current collapse in oil prices, and then he went missing. It's been a year now. His name is David Bird, and he is a reporter who covered energy markets for The Wall Street Journal. First, some background. According to the blog Wall Street on Parade, Bird told his wife on a wintry afternoon about a year ago that he was headed out the door for a walk. He left his Long Hill, New Jersey, home in a red jacket with yellow zippers. Despite this colorful outerwear, and despite the searching by hundreds of volunteers and law enforcement officers, as well as the FBI, Bird disappeared without a trace. As the website had reported in January 2014: [F]or the three months prior to his disappearance, Bird was reporting on a supply glut and growing stockpiles of oil. A newly retrieved article by Bird that appeared on line at The Wall Street Journal on August 21, 2013, shows the reporter had also presciently made an early connection between the Federal Reserve ending its massive bon ...
WASHINGTON -- Christmas came early for Wall Street this year. The Federal Reserve on Thursday granted banks an extra year to comply with a key provision of the Volcker Rule, a move that gives financial lobbyists more time to kill the new regulation b...
The gyrations on Wall Street last week underscore how dependent financial markets are on the supply of ultra-cheap money from the US Federal Reserve.
Asian equities opened higher on the final trading day of the week, following an inspiring U.S. lead overnight. Wall Street rallied on Thursday, with the blue-chip Dow climbing more than 400 points for the first time in three years, as investors applauded the Federal Reserve's pledge that it would be patient in increasing Interest Rates. Positive data showing jobless claims fell by 6,000 to 289,000 last week - the lowest since early November - also encouraged sentiment. The Dow Jones Industrial Average rallied 2.4 percent, while the S&P 500 surged 2.4 percent. The tech-heavy Nasdaq added 2.2 percent. Meanwhile, global crude prices fell again on Thursday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut. Brent's front-month contract closed down $1.91 at $59.27 a barrel, after hitting a session low at $59.17. U.S. crude's front-month contract settled down $2.36 at $54.11, after having fallen to $54.05 earlier. NIKKEI: ...
Hong Kong: – Hong Kong stocks climbed 1.34 percent Thursday morning, following a surge on Wall Street after the US Federal Reserve indicated that Interest Rates would not go up until mid-2015. The benchmark Hang Seng Index added 301.86 points to 22,887.70 by lunch, on turnover of HK$49.89 billion (US$6.44 billion)
The National Federation of Independent Business reported on Tuesday that its small business optimism index for December rose to its highest level since February 2007. Thousands of cash strapped potential home buyers received good news yesterday from Fannie Mae and Freddie Mac who reported that low down payments are just a few days away. The Wall Street Journal suggests that the Federal Reserve may remove the low rates for a "considerable time" language from the Fed Statement.
By Elizabeth Warren And Joe Manchin Nov. 17, 2014 7:16 p.m. ET We joined the Senate Banking Committee to try to make the banking system work better for American families. That’s why we’re concerned that the Federal Reserve—our first line of defense against another financial crisis—seems more worried about protecting Wall Street than protecting Main Street. Fortunately, this is one problem the Obama Administration can start fixing today by nominating the right people to fill the two vacancies on the Fed’s Board of Governors. The Board of Governors is responsible for supervising the country’s biggest banks. It’s also responsible for overseeing the regional Federal Reserve Banks, including the Federal Reserve Bank of New York. For decades, the Board of Governors and the New York Fed have been responsible for supervising Wall Street banks, but after the 2008 crisis and the regulatory lapses it revealed, Congress gave the Fed even more oversight authority. According to the new chair of the Board ...
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Yen gains as Finance Minister highlights its rapid rise The yen took a breather on Friday and recovered some of its sharp losses after Japan’s Finance Minister Taro Aso said its decline may have been too rapid in recent weeks. USD/JPY slipped from a seven-year peak of 118.98 on Thursday to 117.35 overnight. The Japanese currency also rose against the euro and its other major rivals after dropping sharply earlier this week after Prime Minister Shinzo Abe announced snap elections next month in a bid to seek fresh consensus for his stimulus plan. On Friday, Abe dissolved the lower house of parliament. Asian shares edged up on Friday, following Wall Street higher as data from the US showed sustained economic strength. The Philadelphia Fed Index rose sharply in November and existing home sales rose after contracting the previous month. Consumer inflation also came in higher than expected giving scope for the Federal Reserve to push ahead with its plan to start tightening next year. The euro edged up slightly ...
- The dollar surged to a three-week high and government bond yields rose on Thursday, one day after the U.S. Federal Reserve took a more hawkish tone in its assessment of the economy as it announced the end of its six-year bond-buying program. Global equity markets rose, led by a late-day surge on Wall Street, following the release of surprisingly strong third-quarter economic growth in the United States. The Fed's decision to halt new purchases of Treasury bonds and mortgage-backed securities had been expected. But investors were somewhat surprised by the Central Bank's expression of confidence in the U.S. recovery, despite global growth concerns. The policy statement prompted markets to rethink the growing consensus that the Fed's first interest-rate hike would not be until late in 2015. The Fed did note in its statement Wednesday after its meeting that overnight borrowing costs would remain near zero for a "considerable time." "The tone in the statement was relatively more hawkish than had been anticip ...
Wall Street awaited a monetary-policy decision from the U.S. Federal Reserve. The most important FOMC meeting of the year.
Asian markets rose on Wednesday following strong gains on Wall Street, as traders awaited news from the US Federal Reserve about Interest Rate plans for the world's largest economy.Tokyo stocks rose 1.38 percent by the break, Hong Kong was up 0.88 percent, Shanghai gained 0.36 percent and Seoul climbed 1.16 percent. Sydney edged down 0.1 percent. Wall Street pr - Read more:
Carmen Segarra, the whistleblower of Wall Street -
I just signed a petition to The United States House of Representatives and The United States Senate: I support Senator Elizabeth Warren’s call for Congress to hold oversight hearings into the New York Federal Reserve Bank’s deferential relationship with Goldman Sachs and other Wall Street banks.
Very interesting. Is it possible that history and propaganda have fooled us all these years? Josh Wheaton "Hitler’s freedom from International Debt Slavery It is always difficult to have a discussion on the topic of WW II Germany, and Hitler, without having emotions run high.And Understandably so. We do not believe that there is a world plot in place by those of the Jewish faith to dominate the world. We do however suspect that there is a plot in place by the major financiers and financial institutions, to control. History is written by the victors - W. Churchill An interesting perspective on World War II, and the players involved. Many people take joy in saying Wall Street and Jewish bankers “financed Hitler.” There is plenty of documented evidence that Wall Street and Jewish bankers did indeed help finance Hitler at first, partly because it allowed the bankers to get rich (as I will describe below) and partly in order to control Stalin. However, when Germany broke free from the bankers, the banke ...
Sen. Warren: We Need Regulators Who 'Work For The American People'October 1, 2014, NPR BlogElizabeth Warren, a Democrat from Massachusetts, says newly released recordingsof conversations between Federal Reserve officials show that the same kind of cozy relationships that led to the 2008 financial crisis still dominate Wall Street. "You really do, for a moment, get to be the fly on the wall that watches all of it, and there it is to be exposed to everyone: the cozy relationship, the fact that the Fed is more concerned about its relationship with a too-big-to-fail bank than it is with protecting the American public," Warren says. The recordings don't reveal anything outright illegal. Instead, they reveal Fed officials discussing "legal but shady" transactions and then wringing their hands over how to delicately bring them up with the bank. Warren, who before coming into office led an effort to create the U.S. Consumer Financial Protection Bureau, says that trepidation is another thing wrong with regulators ...
Curageous: Carmen Segarra, the of Wall Street a investigation
A sheds light on and unethical behavior on Wall Street.
Carmen Segarra, the whistleblower of Wall Street and
Carmen Segarra, the whistleblower of Wall Street | Gary Younge | Comment is free The Guardian
So a former employee of the Goldman Sachs blows the whistle on Wall Street, Elizabeth Warren is leading the charge for a full Congressionally supported investigation of the Federal Reserve and Reuters isn't reporting on any of it? Time to delete that app.
Explosive new secret recordings of Federal Reserve regulators in bed with Goldman Sachs has Senator Elizabeth Warren irate and demanding a federal probe into this close, and special, Wall Street/...
46 hours of secret recordings from inside the Federal Reserve will soon rock Wall Street. Former Federal Reserve Bank examiner, Ms. Carmen Segarra, was so appalled at what she found, she secretly recorded 46 hours of incriminating conversations.
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FACTS for those interested in FACTS House Votes To Audit The Fed... And Deregulate Wall Street WASHINGTON -- The House of Representatives voted overwhelmingly to audit the Federal Reserve on Wednesday, a broadly bipartisan call for financial reform that accompanied two other bipartisan votes providing government perks to Wall Street on everything from higher mortgage fees to speculation in securities markets. The votes underscore unique tensions among both Republicans and Democrats. All three bills garnered strong Republican majorities while essentially splitting Democrats down the middle. "Today, the House passed the Federal Reserve Transparency Act," Speaker John Boehner (R-Ohio) celebrated in a Vine video. "Finally, we're gonna audit the Fed." Of course, the Fed has been audited before. Reps. Alan Grayson (D-Fla.) and Ron Paul (R-Texas) secured an amendment to audit the Central Bank under the 2010 Dodd-Frank Wall Street Reform law, and that audit revealed sweetheart deals for big financial firms. But t ...
God isn't responsible for social injustice. He didn't create Wall Street or the Federal Reserve, or the Bank of England.
SEOUL: South Korean shares closed at their highest in two weeks on Wednesday, following overnight gains on Wall Street based on speculation that the U.S Federal Reserve would stick to a pledge of easy
Wall Street stocks fell on Tuesday (Sep 9), pulled down by major banks after the Federal Reserve signalled more stringent capital requirements.
Sen. Elizabeth Warren ripped Federal Reserve officials Tuesday for not putting a single Wall Street banker behind bars for their role in the financial collapse.
The hobbit Janet Yellen at Federal Reserve will never stop the flow of money to Wall Street.Wall Street is the loan shark to 3rd world.
Asian shares gain as Ukraine fears recede Hong Kong: Asian shares rose Tuesday following a bounce on Wall Street as fears ebbed of a direct military clash between Russia and Ukraine and focus turned to a speech this week by the US Federal Reserve chief. Tokyo climbed 0.93 percent, Seoul gained 0.74 percent, Sydney added 0.56 percent, Hong Kong was up 0.10 percent while Shanghai traded flat. The gains came after US stocks rebounded Monday from last week's Ukraine-linked setback, with the Dow surging and Nasdaq reaching a 14-year high. The Dow Jones Industrial Average finished up 1.06 percent at 16,838.74 while the broad-based S&P 500 added 0.85 percent to 1,971.74. The Dow had led a sell-off Friday as news that Ukrainian artillery had destroyed part of a Russian military column spooked investors. But Russia on Monday said that "certain progress" had been made during a marathon meeting in Berlin between the two countries' foreign ministers and their counterparts from Germany and France. The tech-rich Nasdaq ...
The great British historian Arnold Toynbee once remarked that civilizations perish from either suicide or murder. Having rejected the beliefs and values that first brought it into being and then propelled it to greatness, it is difficult to escape the conclusion that Western Civilization is bent on self-destruction. Still, the possibility of murder cannot be ruled out. According to Wall Street investment counselor David John Marotta, president of Marotta Wealth Management, the White House, the Treasury Department and the Federal Reserve have been cooking the books to hide the dismal state of the US economy. After re-crunching the official numbers and adjusting for statistical sleights of hand, Marotta has concluded the actual actual inflation rate is 4.5 percent rather than the officially claimed 1.24 per cent; the actual unemployment rate is a shocking 37.2 per cent; and the "Misery Index" - found by adding the official unemployment rate to the official inflation rate - is over 14, rather than the 7.54 p ...
China reports highest manufacturing data in 27 months, but Wall Street drags down Asian stocks: Asian shares pared losses on Friday as data showing a surprisingly strong pick up in Chinese manufacturing helped take some of the sting out of a slump on Wall Street. The official measure of industrial activity (PMI) rose to 51.7 in July from 51.0 in June, beating forecasts of 51.4 and the highest in 27 months. The recovery was also broad based with 10 out of the 13 sub-indicies pointing to improvement from the previous month. The survey added to evidence that Beijing's stimulus efforts were gaining traction in the world's second largest economy, and followed news that growth in the United States had rebounded from a winter lull. That could not entirely offset the drag from Wall Street, where the S&P 500 suffered its biggest daily loss since April. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.6 percent and Shanghai stocks eased 0.3 percent. Yet Japan's Nikkei did recoup some of its earl ...
Markets to open weak tracking negative global cues Following negative trend in the global markets, the key indices is likely to open in red on Friday. SGX Nifty is trading 51.00 points lower. Global Market: Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment. U.S. stocks slumped Thursday as investors reacted to disappointing corporate earnings reports and assessed the implications of the approaching end to economic stimulus from the Federal Reserve. European shares fell sharply on Thursday, with the euro zone's blue-chip index slipping to a three-month low, on concerns of an earlier than expected Interest Rate hike in the Uniteed States and a debt default by Argentina. Levels to watch out : Supports @ 7670 - 7630 - 7600 Resistance @ 7750 - 7800 - 7830 Regards, Team ATC.
Reuters Asian share mostly higher after Wall St rally BusinessWorld Online Edition Hong Kong -- Asian shares were mostly higher Thursday after the Dow on Wall Street ticked up another record high in response to strong earnings and a positive outlook on the US economy by the Federal Reserve. Tokyo...
Strength in global markets may help domestic markets for Inrtraday as Asian equities were mostly higher on Thursday following a record close on the Dow Jones Industrial Average. On Wall Street, the Dow index posted its 15th record-high close of the year thanks to a rally in tech shares after Intel posted strong third-quarter guidance. Economic data also helped to boost sentiment. The Federal Reserve's Beige Book found the economy expanding at a modest to moderate pace with consumer spending up in all of the Fed's districts. Another report had U.S. factory output increasing for a fifth month in June. NIKKEI: 15424.79 (+0.30%) HSI: 23555.54 (+0.14%) ASX 200: 5543.00 (+0.44%) SHANGHAI: 2057.48 (-0.47%) KOSPI: 2022.20 (+0.43%) CNBC 100: 7480.07 (+0.32%) SGXNIFTY: 7659.00 (+0.05%) Nifty has witnessed around 200 points recovery in last few sessions after volatile previous week. If followers remember, we were quite optimistic about the market and recovery was expected. Last hour rally in previous session was qui ...
Senate Sends Foxes to Guard Chicken Coop: Three nominees for the Federal Reserve governing board were confirmed on Thursday by the Senate. Two of the nominees have Wall Street banking ties. The third was a corporate consultant. Sen. Bernie Sanders voted no, the Los Angeles Times reported. The three…
Wall Street, and their accomplice the Federal Reserve, have turned investing in a home, something everyone needs, into a risk asset.
I watched movie: “Inside Job” about the 2007-2008 economic crash. The movie begins in Iceland in 2000. Deregulation in Iceland of banks and privatization of banks caused the economic collapse in Iceland. The banks borrowed too much money. Iceland banks collapsed in 2008. Unemployment triples and people lose their savings. There is no government regulation. One third of financial regulators work for the banks. On September 15, 2008- Merril Lynch goes bankrupt in United States. Lehman Brothers and AIG also file for bankruptcy. There is a Global Recession that doubles the national debt. This crisis is caused by the American financial sector. Part 1: How We Got Here? Investment banks go public and Wall Street gets rich off of investments. The Reagan Administration deregulated Wall Street in the 1980’s. Alan Greenspan supported deregulation and high risk banking. In the 1990’s- There was a banking consolidation monopoly. Investment banks fueled the Internet bubble. There were no regulations to stop th ...
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Dave's Random facts about that that will blow your mind: The Federal Reserve Bank on New York’s Wall Street contains vaults that are located 80 feet beneath the bank and hold about 25 percent of the world’s gold bullion.
Networking opportunity: Event: NYFWA May Networking Night When: May 13, 2014, 6:30 – 8:30pm Where: Social Bar & Grill, 2nd Floor, 795 8th Avenue (between 48th and 49th St.) The New York Financial Writers’ Association invites members of the financial journalism community to join in its May networking night, featuring a talk from Bloomberg investigative reporter and editor Bob Ivry, who will read from his recently published book “The Seven Sins of Wall Street: Big Banks, their Washington Lackeys, and the Next Financial Crisis.” Ivry, a powerful speaker who helped Bloomberg sue the Federal Reserve for details of the unprecedented bank bailout, previously worked for the Bergen Record and San Francisco Examiner. His work has appeared in Esquire, Washington Post Book World, Popular Science and Maxim. Come join your fellow financial journalists for an evening of networking and a chance to learn about Ivry’s experience writing his book. As always, NYFWA members’ first two drinks are covered and for th ...
Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud. In a memo to clients provided to Secrets, Da…
This “Paper Money Experiment” has run its course. The Federal Reserve, the U.S. government, and Wall Street crooks have misused their power by mismanaging the dollar, and there will be global repercussions. The debt load sitting on top of the U.S. dollar is unsustainable and will continue to crush the dollar’s purchase power until no one wants to hold U.S. dollars, and they are no longer accepted for global trade. The dollar’s collapse means that every single one of your paper investments that are dollar-backed – stocks, mutual funds, money markets, cash accounts, etc. – will go down right along with the dollar! Meanwhile, the government and the banks will find a way to protect themselves at your expense. So as we say goodbye to the U.S. dollar’s dominance, it doesn’t have to mean goodbye to your savings & retirement. Remove at least some of your savings & retirement from the dollar-backed, paper-based financial system and protect it with the one asset that has outlasted every fiat currenc ...
02/10/14 JL Jesus said: “My people of America, the value of your dollar has been dropping considerably because it is being diluted by your government’s overspending and your Wall Street gamblers. You see some cash dollars in the vision, but this cash only represents a small portion of money and credit that is in circulation to cover your $17 trillion debt. Your Federal Reserve prints trillions of dollars in Federal Notes to cover this debt. They were printing $85 billion a month to buy up the banks bad debts on their books with money printed out of thin air. They also are holding Interest Rates at near zero, making it hard for investment in anything that is stable. Your banks and hedge funds have leveraged hundreds of trillions of dollars in derivatives that are nothing more than a gamble that people will not cover their mortgages. It is unlikely that all of these debts will ever be unwound and paid off. This is why your current money system will fail, when payments will not be made. When your money m ...
I opposed the bailouts for Wall Street. I regard the Federal Reserve as a corrupt cabal of international banksters, whose actions are nothing short of criminal. I wholeheartedly support the abolition of the Federal Reserve and a return to sound money. I believe the United Nations is a sinister organization from which the United States should withdraw. I believe the federal government taxes too much, spends too much, lies too much, and snoops too much into the personal lives of the American people. I believe the federal "war on terror" and "war on drugs" is mostly a cover for power-hungry, big-government zealots to trample constitutional government and squash freedoms and liberties, which are supposed to be protected by the Bill of Rights and Declaration of Independence.
Thanks to a very limited audit of the Federal Reserve that Congress approved a while back, we learned that the Fed made trillions of dollars in secret bailout loans to the big Wall Street banks during the last financial crisis. They even secretly loaned out hundreds of billions of dollars to foreign banks. According to the results of the limited Fed audit mentioned above, a total of $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following is a list of loan recipients that was taken directly from page 131 of the audit report. Citigroup - $2.513 trillion Morgan Stanley - $2.041 trillion Merrill Lynch - $1.949 trillion Bank Of America - $1.344 trillion Barclays PLC - $868 billion Bear Sterns - $853 billion Goldman Sachs - $814 billion Royal Bank of Scotland - $541 billion JP Morgan Chase - $391 billion Deutsche Bank - $354 billion UBS - $287 billion Credit Suisse - $262 billion Lehman Brothers - $183 billion Bank of Scotland - $181 billion BNP ...
In The Wall Street Journal, George Melloan writes that the Federal Reserve is doing everything it can to provide the Treasury with minimal borrowing costs.
Stocks rise, fall ... and rise again. Volatility certainly came back to Wall Street during the first several weeks of 2014 in the form of a 7.2% descent for the Dow Jones Industrial Average and a 5.9% retreat for the NASDAQ. The declines gave investors pause: was a correction underway? Would bulls be held back for 2014?1 As it turned out, no. On February 27, the S&P 500 settled at a new all-time peak of 1,854.30, with dovish remarks from Federal Reserve Chair Janet Yellen providing lift. On the same market day, the DJIA closed at 16,272.71 and the NASDAQ at 4,318.93.2 Ups and downs are givens when you invest in equities. Still, the skid stocks took in 2008-09 has made everyone from millennials to members of the Greatest Generation anxious about any string of down days for the big indices. If the benchmarks lose a couple of percentage points in a week, or more in a month, headlines and news alerts emerge and encourage collective fears of a stock bubble. Be patient; be prepared. We don’t really know what ...
I can't believe Federal Reserve's Janet Yellen actually positing that another year of $85B a month to Wall Street will create jobs!
Daily Market Review from BigOption Yesterday’s economic calendar happened to be full of major events as various countries had published their respective data. The U.S, on its behalf published its Consumer Price Index data, which happened to inch higher than forecasted. Data showed a 0.2% rise, following a 0.1% forecast by economists. This confirmed a possible sign that the disinflationary trend had eased, as Federal Reserve stated that inflation was running too low due to less consumer spending. Furthermore, to boost up expenditure in the U.S, the Fed suggested that the Central Bank could keep its benchmark Interest Rate near zero for some time. Moreover, Fed’s Chair Janet Yellen stated that additional capital might be needed for large banks during a financial crisis, due to risk of low source funding. Finally, trade at Wall Street ended on an optimistic note yesterday following positive data. The Dow Jones Industrial Average inched 0.55%, the Standard and Poor 500 climbed 0.68% and finally the Compos ...
From the upcoming super-sized special issue of The Bullet: Occupy Wall Street Should Have Been a Conservative Movement Author: Skyler Miller The Occupy Wall Street movement was the result of well-intentioned frustration on the part of the protesters, but was that frustration directed at the right target? Yes and no. Wall Street helped mastermind the downfall of the American economy, but it wasn’t through deregulation of the financial industry. The Leftists in the Occupy Wall Street movement were correct in pointing out that Wall Street is part of the problem, but if they really wanted to get to the bottom of the matter they should have joined the Right in protest of Wall Street’s most sinister creation: the Federal Reserve. The Federal Reserve Banking system was a product of the cult of progressivism that from the 1900’s forward sought to eliminate any semblance of capitalism from American society. Most American’s perceive the progressive legislation of the early 20th century as the ideological ma ...
I continue to talk about Wall Street and C-Span continues to ignore me. But yet the Federal Reserve continues to manipulat…
Quantitative Easing 12345. C-Span, the Federal Reserve manipulating Wall Street is not working. Please start reporting facts.
FACT: The US Economy is a Ponzi Scheme designed to fail thanks to congress for adopting the Federal Reserve back in 1913 who caused the Great Depression in 1929 so they could rework Wall Street and the US economy to their liking being that the Banker Cartel who started the FEDs were Wall Street Tycoons themselves. But their is no conspiracy.
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Asia Stocks Steady After Fed Scare: Asian markets found their footing after Wall Street shook off concerns about Federal Reserve policy.
Ihab Helme - YesOption. Asian stocks gained on Friday in thin trade with Tokyo out for a public holiday. Asian stocks gain with Nikkei shut for public holiday in Japan Australia's S&P ASX/200 rose 0.5% to 5319.20 while Korea's Kospi Index gained 0.6% to 1931.82, keeping step with gains on Wall Street. Hong Kong's Hang Seng Index lagged behind the rest of the region Friday, rising 0.17% despite a sharp selloff in the previous session. The Hang Seng is one of the world's worst performing major stock indexes, down 9% so far in 2014. On the mainland, the Shanghai Composite traded flat Friday and the CSI 300 index fell 0.3%. Overnight, the Dow Jones Industrial Average rose 0.67%, the S&P 500 index rose 0.60%, while the Nasdaq Composite index rose 0.27%. Better-than-expected U.S. economic indicators sent stocks rising on Thursday, as expectations began to build that an improving U.S. economy will bolster corporate revenue even if benchmark borrowing costs rise next year. The Department of Labor reported earlier ...
Morning Market Update: The market opened lower as Federal Reserve Chair Janet Yellen suggested Interest Rate hikes in about six months after Quantitative Easing ends. The Sensex is down 78.59 points at 21754.27 and the Nifty is down 22.55 points at 6501.50. Indian rupee opened lower at 61.38 per dollar, down 43 paise compared to previous day's closing value of 60.95 a dollar after indication from Fed Chair Janet Yellen of likely hike in Interest Rates in the US. Globally, Asian stocks follow Wall Street lower after Yellen signals rate rise. South Korean shares extended declines on a 1.5 percent decline in index heavyweight Hyundai Motor. On BSE, Midcap and small cap are seen advancing by 0.06% and 0.26% respectively. On sectoral front, IT is the top gainer to add 0.79% while on downside; the worst performing sector is Capital Goods, which is down by 1.08% as we write this. Further the market breath stands positive with 919 shares are seen advancing against 825 declining shares.
FED FOCUS (4 things to expect from Yellen's Fed) New York (CNNMoney) Get ready for Janet Yellen's first policymaking meeting as head of the Federal Reserve. The Fed is set to meet this Tuesday and Wednesday to mull over the latest economic data, issue new forecasts and re-evaluate its plan for winding down its stimulus program. Here are the top things to look for: 1) Tapering will continue: The Central Bank has been buying trillions in bonds since late 2008 in an effort to lower long-term Interest Rates. The goal: Stimulate the economy by making it cheaper to take out loans. But the Fed has determined it's time to start winding down that stimulus program. Since December, the Central Bank has been slowly reducing its bond purchases at each meeting, in a process Wall Street has dubbed "tapering." The Fed was previously buying $85 billion in bonds each month, then reduced the amount to $75 billion in January, and then $65 billion in February. Economists expect a similar reduction in bond purchases will be an ...
The names have changed but the modern-day lords of finance do their forebearers proud. Presidents continue to surround themselves with top Wall Street insiders. Some could argue that Goldman Sachs executives best understand our financial system and are a logical choice to advise these presidents and influence Federal Reserve policy. What is also clear is that these same bankers have deliberately maneuvered themselves into close proximity of the Fed and the Federal government in order to influence and benefit from its policies. Since the Fed’s creation in 1913, the top bankers have consistently maintained close relationships with the Fed.
Jesus has sent me to warn you of what the evil doers of the world are conspiring against you. The United Nations is Masked as an organization to unite the world for peaceful purposes,but since its inception the world has seen nothing but wars. The United Nations has a prayer,meditation room for occult practices! These men that represent the world's government hate Jesus and they hate Christians! Their goal is to make you so dependent on government and then collapse the world's financial system. Once they Synagogue of Satan, does this,the world will beg for a someone to save them from all the perils on the earth. These evil men who devise these wicked plans against your freedoms and liberties don't care about you. They own all the world's oil,gold,silver,Wall Street,Goldman's Sach's,the Federal Reserve, the world's Central Banks,the world's courts,etc. The world is coming a part at the seams. They chemtrail the skys daily while very few people ever look up anymore to know what the planes are spraying. They ...
Most economists surveyed by The Wall Street Journal think the Federal Reserve won’t raise Interest Rates before June 2015. Check out our FedWatch tool to compare:
A Real Jaw Dropper at the Federal Reserve Ben Bernanke , Bernie Sanders , Federal Reserve , Wall Street , Bailout. At a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later, as a result of an amendment that I was able to include in the Wall Street Reform bill, we have begun to lift the veil of secrecy at the Fed, and the American people now have this information. It is unfortunate that it took this long, and it is a shame that the biggest banks in America and Mr. Bernanke fought to keep this secret from the American public every step of the way. But, the details on this bailout are now on the Federal Reserve's website, and this is a major victory for the American taxpayer and for transparency in government. Importantly, my amendment also required ...
Adam is running as a Democrat on UFAA's program of radical economic reform: the Wall Street Sales Tax; seizing the Federal Reserve to finance $3.6 trillion in public infrastructure; rejecting the TPP in favor of a protective tariff; and a $15 federal minimum wage, among other demands. If he can make...
This week's economic calendar features a broad array of reports that span a big portion of the U.S. economy. Economic data kicks off on Monday with Personal Income, Personal Spending, and the inflation-reading Personal Consumption Expenditures. The ISM Manufacturing Index and the ISM Services Index will be released on Monday and Wednesday, respectively. Also on Wednesday, look for the Federal Reserve's Beige Book, which can serve as a helpful indicator to the Fed's decisions on Monetary Policy. In labor market news, the ADP Employment Report will be delivered on Wednesday, followed by weekly Initial Jobless Claims on Thursday. Worker Productivity will also be reported on Thursday. That leads us to Friday's Non-farm Payrolls and the Unemployment Rate, which will be closely dissected by both Wall Street and the Federal Reserve. Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposi ...
Batman Massacre: WHY and HOW and WHO = THE MOTIVES Robert Holmes, the shooting suspect's father, is a senior lead scientist with FICO, the American credit score company. He was scheduled to testify in the next few weeks before a US Senate panel that is investigating the largest bank fraud scandal in world history. This banking fraud threatens to destabilize and destroy the Western banking system. Robert Holmes not only uncovered the true intent of the massive LIBOR banking fraud, but his "predictive algorithm model" also traced the trillions of "hidden"dollars to the exact bank accounts of the elite classes who stole it. In other words, Robert Holmes could NAME NAMES! Those names WOULD AWAKEN THE WORLD to the depth of government and corporate corruption which could include members of Congress, Wall Street, Federal Reserve and EU executives and could even include US Presidential candidates and the British Royal family. The motives for the massacre are: 1) To silence whistleblower Robert Holmes whose son is ...
Some more pesky facts. According to irrefutable data compiled by FactCheck.org – since U.S. President Barack Obama took office the top 1% of wealthy Americans (yep, the same ones most liberals despise, unless of course they happen to work in Hollywood or Wall Street and write big checks to the Dem's) have gained substantial ground while the rest of Americans have either sank deeper into poverty, had to work harder for the same lifestyle or became/remained addicted to government benefits. While Ben Bernanke and the Federal Reserve have managed to inflate the Stock Markets with ZIRP & QE infinity (a fact for which Obama will try to take a bow but deserves no credit for) creating yet another asset bubble, the Middle Class has suffered and seniors on fixed incomes find it hard to get 1% on their savings. It seems the left wing blogs gearing up for elections later this year with their typical disinformation have set the bar really low for what constitutes a 'good job." It's no wonder Democrats up for ree ...
The average American does not understand HOW their Pension Fund works. You're better off owning shares of stocks than to be in a fund. When a fund loses, you don't have a 'share' which means if the stock or instrument price rises, you get nothing because you LOST some of your net worth. You own a certain amount of money, if the money is lost it is gone. Now back in the day before derivatives, funds were decent. Things changed...Wall Street rules the world. Then the Wall Street insiders go to work for the Federal Reserve that hands out cash to their friends...You're not their friend. So explain to me how your life savings is safe with a gamble? You don't have a common share of stock if the price rises and stocks do normally rise with time. I can win almost 50% of the hands of Black Jack I play at a casino, understand the risks and rules, yet I don't play often and I would never bet my life savings ($300 if you are wondering :) ) on a hand of cards. Are you comfortable like this? Do you know the rules of y ...
Foreign Banks Bracing For Tough US Fed Capital Rules. - reuters.com 2/16/2014 - 8:am EST WASHINGTON, Feb 16 (Reuters) – Overseas banks look set to win only minor concessions when the Federal Reserve signs off on new capital rules next week, as they become increasingly resigned to the fact that the cost of doing business in the United States will go up. The Fed whose board of governors meets on Tuesday will require overseas banks to hold as much capital in the United States as their local rivals. The reform is designed to address concerns that the U.S. taxpayers will need to foot the bill if European and Asian regulators treat U.S. subsidiaries with low priority if they need to rescue one of their banks. Foreign banks with sizeable operations on Wall Street such as Deutsche Bank and Barclays have pushed back hard against the plan because it means they will need to transfer costly capital from Europe.
Wall Street bankers exhibit the epitome of psychopathic behavior, showing lack of empathy and remorse, shallow emotions, egocentricity, and deceptiveness... These Wall Street bankers will never willingly accept responsibility for their actions. They continue to use their wealth and power to control the politicians in Washington DC and the misinformation propagated by the corporate media they control. They own and control the Federal Reserve and will print money until the whole system collapses in a spectacular implosion that destroys our financial system. They only care about their own wealth, influence and status. They have no shame. - Jim Quinn
US Federal Reserve Chair Janet Yellen reassured Wall Street in her first congressional testimony Tuesday that the Federal Reserve would continue its zero-interest-rate policies into the indefinite future.
Wall St's grandfathers of commodities to survive Fed revamp better than others: Reuters As the U.S. Federal Reserve considers new ways of reining in banks' trading in what it sees as risky physical commodity markets, Wall Street's two oldest and biggest players may ultimately gain in stature. Thanks to a longstanding legal exemption that Fed officials say limits their regulatory capacity, Morgan Stanley and Goldman Sachs may yet emerge from the regulatory upheaval that is upending banks' commodities trading better-off than their peers, who face potentially tougher new rules. Although Morgan Stanley is selling its large physical oil trading desk and Goldman has said it may be open to selling its metals warehousing unit, which it was alleged to have used to inflate metal costs, they show little sign of pulling back from other big physical markets such as power, natural gas and metals. Their determination to stick with vast parts of the business may irritate rivals, such as Bank Of America Corp's Merrill Lyn ...
Ten Signs You May Be Waking Up Here are ten signs you may be waking up: 1. You know there's no meaningful difference between major political parties (Democrats and Republicans): It's so easy to get caught up the left-right debate and believe there's a difference between the two major political parties. However, debate is one thing, while actions are another. By their deeds you shall know them, and it is indisputable that there is no significant difference between political parties when it comes to action on the most important issues. Even hardened ideologues like John Cusack are beginning to wake up. 2. You understand that the Federal Reserve, or international Central Banking more broadly, is the engine of our economic problems: Debt slavery is the totalitarian force that threatens all of humanity, not some temporary political puppet or some greedy Wall Street trader. When a small group of people have the ability to create wealth out of nothing and charge interest on it, they have the ability to enslave t ...
DEPRESSION IN 1929 Stack in front of you the biographies of all the Wall Street giants, J.P. Morgan, Joe F. Kennedy, J.D Rockefeller, Bernard Baruch, and you'll find they all marvel at how they got out of the Stock Market and put their assets in gold just before the crash. Non mention a secret directive, since revealed, sent by the father of the Federal Reserve, Paul Warburg, warning of the coming collapse and depression. With control of the press and the education system, few Americans are aware that the Fed caused the depression. It is however a well known fact among leading top economists. "The Federal Reserve definitely caused the Great Depression by contracting the amount of currency in circulation by one-third from 1929 to 1933." Milton Friedman, Nobel Prize winning economist "It was not accidental. It was a carefully contrived occurrence... The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all." Rep. Louis T.McFadden (D-PA) "I thin ...
In the United States, Janet Yellen has been sworn in as Chair of the US Central Bank, the Federal Reserve. At the same time Wall Street closed at its lowest level since last June. Her appointment comes at a time when the US economy appears to be improving. She had already taken up her functions since being nominated by President Obama in October and confirmed in her post by the Senate last month.
Wall Street, which is already grappling with a transition to a less-friendly Federal Reserve, now must navigate a leadership change at the nation's Central Bank.
Rate Increases Fail to Stop the Bleeding in Emerging Markets -- Wall Street Journal Surprise rate increases by Central Banks in embattled Emerging Markets have failed to conclusively stop the bleeding -- and could even make matters worse for their economies. Turkey's Central Bank raised its benchmark Interest Rates by a sizable amount overnight Tuesday, and South Africa's Central Bank delivered an unexpected rise overnight Wednesday. That follows similar increases in beleaguered markets like India and Brazil. Turkey's radical move helped calm global markets Wednesday, but the relief was temporary: Markets resumed their selloff Thursday in the wake of the U. S. Federal Reserve's decision to taper its bond-buying program by another $10 billion a month. Meanwhile, the impact of higher rates on emerging-market economies will not be so fleeting. Emerging-market Central Banks "are in a difficult situation," said Tim Condon, head of Asia research at ING in Singapore. "It's not clear that interest-rate hikes are ...
What they say on Wall Street Don’t Fight the Fed - Simply Google what they say on Wall Street - "Don't figh...
Wall Street down on jitters ahead of Fed decision Wall Street stocks fell on Wednesday as concerns about the impact of a possible cut in the US Federal Reserve's monthly bond-buying program kept investors cautious. Global equity markets got an early boost from Turkey's Central Bank, which stunned investors late Tuesday with a dramatic rate hike designed to defend its crumbling currency. But the euphoria quickly faded as the market's focus shifted to Fed's decision, due at 2 p.m. ET. Ahead of the opening bell on Wall Street, South Africa's Reserve Bank raised Interest Rates for the first time in nearly six years, in step with other emerging market economies that have tightened Monetary Policy to shore up their declining currencies. "Our markets are so linked together that if something pulls a trigger, it's like a domino effect. We are not exactly sure how one would impact (the decision of) but things happen fast and investors get quickly nervous," said Joe Saluzzi, co-head of equity trading at Themis Tradi ...
US stocks gain on rise in consumer confidence; Dow up 100 points U.S. stocks rose on Tuesday, with the Dow Jones Industrial Average advancing after a five-session losing streak, after consumer confidence rose in January, orders for durable goods unexpectedly declined last month and investors looked to the start of the Federal Reserve meeting. "Earnings growth is not overwhelming, but enough to propel us forward," said Chip Cobb, portfolio manager at BMT Asset Management. Ford Motor climbed after the automaker posted a higher-than-expected quarterly profit; Apple fell after reporting iPhone sales missed Wall Street estimates. Consumer confidence had been expected to rise to 78.5, from 78.1 the previous month. Ahead of Tuesday's opening bell, stock-index futures scaled back their limited gains after the government reported durable goods fell 4.3 percent in December. In addition, the Case-Shiller home price index rose 13.7 percent in November. "Consumption is mild at best. Businesses are spending to a very m ...
SO FAR IT HAS BEEN Bernie Sanders AND RUSS FEINGOLD THAT HAVE SHOUTED FOR STRONG BANK REFORM AND JUSTICE IN THESE MASSIVE FRAUDS.SO LET'S GET THEM TO RUN FOR PRESIDENT/VICE-PRESIDENT IN 2016!!! Did you hear the corporate NPR introduction of Obama's next Wall Street appointment to an agency supposedly protecting the public from economic instability and work for high employment? What a stellar appointment of a good all-round guy!!! We all love him! Now, if you look at the US Federal Reserve as the center of global corporate tribunal rule acting to place massive corporate fraud on steroids and installing policy that keeps the public caught in boom and bust crony and criminal markets losing all their wealth and causing ever-growing levels of unemployment.ALL MAXIMIZING WEALTH FOR THE FEW- you see from where this promotion comes. Indeed, Fischer is in fact THAT good ole' boy. In the days of TPP there is no public sector or US citizens to consider for goodness sake! For those who know better you'll see belo ...
oBama's plan to name Stanley Fischer as vice chairman of the Federal Reserve was made at the same time he named Lael Brainard and Jerome Powell to positions as governors on the seven-member Federal Reserve Board. Fed Chairman Janet Yellen and Vice Chairman Fischer also serve as governors. Unremarked in any of the media coverage of the appointments is the significant fact that all four of these oBama nominations to one of the most powerful PRIVATE institutions on the planet are not only members, but high-level operatives, of the Council on Foreign Relations (CFR), the premier U.S. "think tank" promoting world government for the past century. Federal Reserve Board Governor Daniel Tarullo is also a CFR member. Stanley Fischer was named this past September to be a "distinguished fellow" in residence at Pratt House, the CFR’s New York City headquarters. Many additional CFR members and officers have rotated in and out of top positions at the Fed, Treasury, and the big Wall Street firms. Pratt House influence ...
Federal Reserve's morphine to Wall Street leaves Middle Class out of recovery - Washington Times
Thursday: Jeff Bezos, the new owner of the Washington Post is the founder and CEO of Amazon which recently landed a $600 million contract with the Central Intelligence Agency. What principles of journalism are at stake? A national petition effort is challenging the Post. Our guest is Washington DC based author and former Washington Post reporter John Hanrahan. And on Monday Janet Yellen became the first woman to head the Federal Reserve. How does she compare to her predecessors Alan Greenspan and Ben Bernanke? What changes if any can be expected? Will Main Street benefit, or will the Fed’s focus continue to be Wall Street? Economist Max Wolff breaks it down. For our weekly “Earth Watch” Emily Atkin, a reporter with Climate Progress discuses the “polar vortex” cold snap that gripped so much of the nation. What is the climate change connection? Sojourner Truth Thursday January 9th with host Margaret Prescod.
Later today, when the Senate votes on the nomination of Janet Yellen to replace Ben Bernanke as Chairman of the Federal Reserve, Republicans will have an opportunity to shed the image of stubborn allies of Wall Street and stand with the free market. Republicans should oppose the confirmation of Jan...
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I want the next Federal Reserve Chairman to be a Chinese genius, not an east coast crony, Keynesian intellectual & friend of Wall Street.
since when did it become the Federal Reserve's job to aid the bond market financiers of home ownership on Wall Street???
If we all ignore the fact Wall Street is being pumped by the Federal Reserve. We could be just like C-Span and the media.
With the U.S. Federal Reserve finally announcing it will start tapering its stimulus, removing a big uncertainty in the market, can Wall Street expect a stronger finish to the year? Not really. The Santa Claus rally is a seasonal anomaly that describes a rise in stock prices in December, generally
BELONGS TO WHOM THE WORLD? At the end the answer to why the world is so bad After 96 years the best kept secret in history was discovered : From December 23, 1913 , The Private Bank of the Federal Reserve ( FED ) seized U.S. and the vast majority of the world does not know. What will they and their predecessors ( Bank Of America ) , declare wars , attacks ( twin towers attack in London, Madrid bombing ) , presidents (Jaime Roldos , Omar Torrijos, Kennedy , Warren Harding, McKinley was assassinated financed , James Garfield, etc. ) , dealing in weapons of mass destruction ( Carlyle , Bechtel, Lockheed Martin , Raytheon , General Dynamics, McDonnell Douglas , Boeing, Northrop Grumman ) . These bankers own the media (FOX , CNN , NBC , ABC , CBS , BBC , New York Times , Washington Post, Wall Street Journal, Newsweek, etc. ) use the strategy to distract the population with superficial TV programs , short-term technological products , reality shows and cartoons ridiculing family values. News of murders and crim ...
  (New York) -- Wall Street stocks were mixed a day after that big announcement from the Federal Reserve.   The Dow Jones Industrial Average closed up 11 points at 16,179.08. The Nasdaq C...
The Federal Reserve admits defeat of an economic system gone mad with debt. They keep purchasing 75 Billion a month because it's all they know to do. If the Fed tapered 100% yesterday, world markets including Wall Street would be collapsing. www.goldgoliath.com
- Wall Street staged an explosive rally with the Dow and S&P 500 closing at an all-time highs after the US Federal Reserve announced it would ease stimulus.
The US Federal Reserve has announced a slowdown in its effort to boost the US economy. We find out how Wall Street has reacted and speak to Andrew Huszar, who managed part of the Federal Reserve's stimulus programme between 2009 and 2010.
JUST IN: After the Federal Reserve announced that it is pulling back on its bond buying stimulus program, stocks on Wall Street surged to new all-time highs. The Dow closing up nearly 300-points at a new record high of 16,167.97
M a r k e t B u l l e t i n Wednesday 18 December 2013 Stocks stutter The difficult end to 2013 continues for global equity markets. Stocks fell 1.6% on Wall Street, which experienced its Worst Week since August ahead of the upcoming Federal Reserve meeting that should prove crucial to clarifying the future of Quantitative Easing in the US. Elsewhere around the world, Asian equities fell once again to reach a three-month low and major European markets fell around 2%. Emerging Markets continue to suffer as the prospect of reduced Federal Reserve Action overshadows the region. Closer to home, the FTSE 100 index closed the week down 1.7% to 6,440 to record its sixth consecutive weekly decline. The declines occurred despite a midweek Congressional budget agreement that led investors to conclude that months of political friction in the US was finally easing – a problem that has acted as a significant headwind to the country’s economic recovery. Whether recent declines are due to profit-taking by those wh . ...
We know that the Federal Reserve continues to strengthen the collusion between banks and politicians. We know that the Fed’s inflationary Monetary Policy continues to reap profits for Wall Street while impoverishing Main Street. And we know that the current monetary regime is teetering on a
Wall Street is getting ready to dive into Bitcoin, pouring vast amounts of institutional and investor money into the digital currency that has been labeled a "bubble" by former Federal Reserve
Yen retreats, euro holds near 2013 peak The euro recorded its seventh straight day of gains yesterday, and stayed close to its 2013 high. The yen pulled back towards its recent lows despite a sell-off in risk assets. Asian shares tumbled with the Nikkei shedding more than one percent. Yesterday, Wall Street shares slipped lower as investors positioned for a possible tapering by the Federal Reserve. A deal reached in Congress on a bipartisan budget deal to end years of uncertainty meant one less hurdle for the Fed to scale back on stimulus. EUR/USD traded near a six-week high by 1.3799 on Thursday before a speech by ECB President Mario Draghi to the European Parliament today. USD/JPY rose to 102.81 while EUR/JPY edged higher to 141.86. Overnight, the Reserve Bank of New Zealand kept its official cash rate at 2.50 percent as expected. Policymakers maintained a hawkish stance and said Interest Rates may rise in the first half of the New Year. NZD/USD rose to 0.8291 on Thursday. In contrast, the Aussie fell a ...
Peter -- We stood up to Wall Street. They marshaled a legion of lobbyists, but we never backed down. Yesterday, we won a big victory for the American people and the Middle Class. All five regulators, including the Federal Reserve, the Securities Exchange Commission, and the FDIC, approved a strong Volcker Rule firewall. Going forward, Wall Street banks will be unable to gamble like high-risk hedge funds -- the same sort of "swing for the fences" bets that crashed the economy and created both the Great Depression and the Great Recession. Of course, that legion of lobbyists won’t go away. They’ll be back, trying to carve loopholes into the law. But I’ll stay vigilant – to ensure that we don’t put the Middle Class at risk again. And you’d better believe that Wall Street's not going to take that lying down. They surely want a Senator who will let their lobbyists write the rules. We must not forget that when Wall Street was well-regulated, we had decades of economic growth that served American fa . ...
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Job Numbers Cooked to Keep Quantitative Easing Scam Rolling Fed cartel will never back off on the heavy bond purchases Kurt Nimmo Infowars.com December 9, 2013 QE Infinity. Fed cartel owns 36% of all Treasury securities between 5 years and 10 years in maturity and 40% of government bonds over 10 years in maturity as well as 25% of all the mortgage backed securities. On Friday, the establishment media hinted the Federal Reserve was about put the brakes on its bankster monetization program, otherwise known as helicopter Quantitative Easing, in response to what was touted as a significant reduction in unemployment. The privately owned cartel masquerading as a federal agency claims Quantitative Easing — purchasing between $85 billion to $65 billion a month in Treasury bonds — will “stimulate” the economy and somehow bring back millions of jobs outsourced to slave labor gulags in China and Asia. Instead, QE is another scam designed to establish “the greatest backdoor Wall Street bailout of all tim .. ...
Informed American Update: Why is Wall Street doing so good? Answer: because the Federal Reserve is buying 85 BILLION dollars in stocks an bonds a MONTH!!! When the fed stops Quantitative Easing ( Printing $) Wall Street will Collapse, It has not helped Us in the Middle Class and will Hurt us immensely, Please get or stay informed
New York (AP) — The government's monthly survey of the U.S. job market is always important on Wall Street. It's even more important these days. Investors are trying to figure out when the Federal Reserve will decide that the economy is strong enough to thrive without its extraordinary stimulus...
Don't Bet Your Shirt on a Great 2014 for Stocks - Filed under: Federal Reserve, Wall Street Watch, Stocks, Stock Markets, InvestingHenny Ray Abrams/APBy STEVE ROTHWELL New York -- Don't bet your shirt on a repeat performance. That's the message from some of the nation's biggest investment firms as the Dow Jones Industrial Average (^DJI) has closed above 16,000 for the first time and the Standard & Poor's 500 index (^GPSC) is on the cusp of its best year in a decade ...
November 23, 2013 The Dying Dollar: The Federal Reserve and Wall Street “Assassinate the US Dollar” Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base. Now China is going to let the dollar decline further in value. China also says it is considering undermining the petrodollar by pricing oil futures on the Shanghai Futures Exchange in yuan. This on top of the growing avoidance of the dollar to settle trade imbalances means that the dollar’s role as reserve currency is coming to an end, which means the termination of the US as financial bully and financial imperialist. This blow to the dollar in addition to the blows delivered by jobs offshoring and the uncovered bets in the gambling casino created by financial deregulation means that the US economy as we knew it is no more. The US economy is already in shambles, with bond and Stock Markets propped up by massive and historically unprecedented Fed money printing pour . ...
Yellen signals new emphasis on Fed policing role The next Federal Reserve chief appears set to direct the Central Bank's might at ensuring financial stability and stern banking oversight with the same vigor it currently applies to its traditional mandates of fostering price stability and maximum employment. The question of monitoring and stabilizing Wall Street was a dominant issue during Fed chair-designate Janet Yellen's confirmation hearing before a Senate committee on Thursday. Yellen, widely expected to win Senate backing for the job, said financial regulation should be on par with Monetary Policymaking on the Fed's list of priorities. The Central Bank's current vice chair, Yellen appeared willing to draw fellow governors on the powerful Fed Board into more decisions on stabilizing the still-vulnerable financial system. In a telling exchange with Sen. Elizabeth Warren, Yellen said it was a "worthwhile idea" to consider reinstating regular board meetings to tackle financial supervision, as was the cas ...
Do you really think that the Federal Reserve's QE program is anything except a gift to Wall Street. Better think again
A House Republican panel on Wednesday concluded that the Federal Reserve should stop focusing on unemployment, and instead make combating inflation its sole objective. The recommendation may at first appear counterintuitive -- after all, the country is in the middle of an unemployment crisis, but has not faced inflation fears since the 1980s. But price stability is the primary goal of bondholders on Wall Street, who have seen their power rise in recent decades. High unemployment is good at keeping prices down, since people don't have money to spend, so bondholders have long argued that requiring the Fed to have a "dual mandate" of employment and inflation is unfair. Subcommittee Vice Chair Bill Huizenga (R-Mich.) noted that Central Banks in other countries "work under a more focused or prioritized mandate or set of mandates.Some like myself believe that the employment component at a minimum has diverted the Fed's attention from the more important issue of low inflation which, in my opinion, should be the ...
GLOBAL MARKETS-U.S. stocks down, yields ease, dollar rises * Wall Street erases some losses on dovish Feds comments * Fed presidents Lockhart, Kocherlakota urge accommodative policy * U.S. Treasuries weaken; Brent, U.S. crude fall * Dollar climbs to one-month peak vs yen, nears 100 yen Uncertainty about a potential cut in Federal Reserve stimulus kept global equity markets under pressure on Wednesday as U.S. yields eased and the dollar rose. Wall Street followed overseas markets lower, with concerns the Fed could start to scale back its stimulus efforts damping investors' appetite for risky assets. The Dow Jones Industrial Average was down 49.83 points, or 0.32 percent, at 15,700.84. The Standard & Poor's 500 Index was down 1.09 points, or 0.06 percent, at 1,766.60. The Nasdaq Composite Index was up 0.72 points, or 0.02 percent, at 3,920.64. "What we are seeing time and time again is a respite after a strong market charge. This pattern of stair-stepping to all-time highs is now being countered with some p ...
The Super Rich Reinvent U.S. Capitalism Shamus Cooke (WC) , - As U.S. corporate profits soar to record highs, food stamps for the neediest were quietly cut. The politicians who are demanding endless cuts to social programs — Democrats and Republicans alike — insist that the U.S. is broke, all the while conveniently ignoring the mountains of tax-free wealth piling up in the pockets of the super rich. This newest flood of cash for the nation’s wealthiest 1% is a blatant government subsidy: the Federal Reserve continues to pump out an extra $75 billion a month, the vast majority of which fattens the already bursting overseas bank accounts of the rich. Since Obama has been president this pro-corporate policy has helped funnel 95 percent of the nation’s new income to the wealth-soaked rich. And while it’s true that the global super rich have an estimated $32 trillion [!] stashed away abroad in off shore tax havens, an even newer way to avoid taxes has gripped the endlessly-greedy minds of U.S.-based ...
This is how the Rothschilds and the American elite started and gained control (own) of the Fed.the powers that be (the Rockefellers, Morgan's and Vanderbilt's) met at Jekyll Island, with Senator Aldridgh of New Hampshire and agreed to force the Federal Reserve law through. Until we he people end the Fed. we have no power. This is history!. Wikipedia JP Morgan and the others listed here for the proof. In 1895, at the depths of the Panic of 1893, the Federal Treasury was nearly out of gold. President Grover Cleveland accepted Morgan's offer to join with the Rothschilds and supply the U.S. Treasury with 3.5 million ounces of gold[6] to restore the treasury surplus in exchange for a 30-year bond issue. The episode saved the Treasury[7] but hurt Cleveland with the agrarian wing of the Democratic Party and became an issue in the election of 1896, when banks came under a withering attack from William Jennings Bryan. Morgan and Wall Street bankers donated heavily to Republican William McKinley, who was elect ...
EURO - TUMBLES AFTER SURRISE RATE CUT An unexpected cut in rates by the European Central Bank sent the euro sharply lower today and gave an instant boost to stocks and major government bond prices in Europe. U.S. stock futures turned higher on the decision as well, pointing to a firm start on Wall Street, where traders were also digesting the implications of mixed third-quarter GDP data for the Federal Reserve's next policy move. The ECB's decision to cut rates to a record low of 0.25 percent was the biggest surprise and followed months of grumbling by governments and bankers over the impact of a strong euro on the region's fragile recovery and weak inflation rate.
On the surface the debate about the Chairmanship of the Federal Reserve is about the merits of the two leading candidates, Lawrence Summers and Janet Yellen. But looks can be deceiving. President Obama leans towards Summers not on the merits but because the Wall Street bankers want him. Summers is one of the boys, and the bankers know that Summers will do their bidding, at the expense of everybody else. --Forbes Yellen is not much better. -- Ford
The Federal Reserve has become what the Banksters of Wall Street had tried to create for themselves as a backstop designed not to be recognized as implying the need for a bailout, but a financial industry Master Liquidity Enhancement Conduit in the knowledge back in 2007 that the "Black Swan" was about to visit. Under Chairman Bernanke, and with the connivance of Barack Obama and Tim Geithner the Federal Reserve has become that MLEC to the private sector. Since 2009 the Federal Reserve by bond purchases and with the approval of a compliant Obama Administration has distributed 13 trillion dollars to the Financial Sector and the Global Economy (particularly Emerging Markets) through the agency of the Federal Reserve as a Liquidity Conduit, and away from the real economy where real people are stagnating or going under. Liberal and so called Progressive legislators have seen this scam, which has transpired in the full light of day, and they have done nothing! Keyser is right this is not incompetence at all. I ...
My friend David Bahnsen penned this sobering column for the Orange County Register. It resides behind the draconian pay wall there. But due to the miracle of cutting and pasting I have freed it for you. No doubt some law firm representing the Register will come get me. Until they do, I commend this to your reading (and weeping)... Responsibility starts with Main Street By DAVID L. BAHNSEN / For the Register Two events in the past month have caused me extreme concern that one of our greatest economic errors as a nation is being repeated. I refer to the five-year anniversary of the Lehman Brothers bankruptcy filing we just observed and to the decision of the Federal Reserve to defer the “tapering” of their gigantic Quantitative Easing project (tapering refers to slowing down the Quantitative Easing, and the Quantitative Easing refers to the act of buying bonds with money that does not exist). The great economic error I refer to is the cult-like mentality surrounding homeownership in our society that ...
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LaRouche Demands Glass-Steagall Now! by Jeffrey Steinberg OCT. 2, (LPAC) -- Lyndon LaRouche today demanded that Congress immediately break the impasse on the government shutdown and the looming debt ceiling increase by passing Glass-Steagall through both Houses with a bipartisan veto-proof majority. "President Obama is playing Nero, exploiting a government shut down in a desperate effort to revive his collapsed presidency. And elements within the Republican Party are obliging him. This nonsense is concealing a far more deadly reality," LaRouche warned. "The U.S. economy is in a collapse, the entire trans-Atlantic financial system, from the Federal Reserve to the so-called too-big-to-fail Wall Street banks, is in a breakdown that cannot be stopped. Hyperinflation, accelerated by the past decade's policy of Quantitative Easing, bailouts, and bail-ins, has reached the point that the standard of living of the overwhelming majority of American households is collapsing." LaRouche continued: "None of this is ine ...
In his latest note to clients, Morgan Stanley head of global economics Joachim Fels relays an idea he says has him increasingly worried these days, even though, in his words, it is "no more than a tentative thesis that still needs to be fleshed out and checked for robustness."   "In short, I wonder whether just as 1913 marked the end of first Golden Age of globalisation that had begun in 1870, 2013 may mark the end of our age of globalisation, which accelerated since the 1980s and 1990s after many Emerging Markets opened up to international trade and capital flows," says Fels. "To be sure, I’m not predicting the world wars, mass sufferings and economic depressions of the three dark decades following 1913, but I do worry about a creeping trend towards a de-globalisation of economic activity and capital flows." Fels points to the Federal Reserve's easy-money policies following the financial crisis, which caused investors to scramble into investments in Emerging Markets, a trend that is now reversing ...
PLUTOCRATS FEELING PERSECUTED By PAUL KRUGMAN For those who don’t recall, A.I.G. is a giant insurance company that played a crucial role in creating the global economic crisis, exploiting loopholes in financial regulation to sell vast numbers of debt guarantees that it had no way to honor. Five years ago, U.S. authorities, fearing that A.I.G.’s collapse might destabilize the whole financial system, stepped in with a huge bailout. But even the policy makers felt ill used — for example, Ben Bernanke, the chairman of the Federal Reserve, later testified that no other episode in the crisis made him so angry. And it got worse. For a time, A.I.G. was essentially a ward of the federal government, which owned the bulk of its stock, yet it continued paying large executive bonuses. There was, understandably, much public furor. So here’s what Mr. Benmosche did in an interview with The Wall Street Journal: He compared the uproar over bonuses to lynchings in the Deep South — the real kind, involving murder ...
- The dollar rose and global stocks edged higher on Thursday, led by Wall Street, after weekly U.S. jobless claims data suggested an improving labor market, though investors kept an eye on the ongoing impasse in budget and debt negotiations in Washington. The Dow and benchmark S&P 500 index snapped a five-day losing streak after the Labor Department said the number of Americans filing new claims for unemployment benefits fell last week to near a six-year low. The Nasdaq closed just shy of highs last seen almost 13 years ago, after the tech bubble burst. The data eased some concerns about the U.S. economy that were spurred by the Federal Reserve's decision last week to keep its stimulus program intact, to the surprise of many investors. The jobs data could support the Fed's plan to begin winding that program down. "The sky is not falling, things are picking up," said Chris Rupkey, Managing Director and chief financial economist at Bank of Tokyo-Mitsubishi UFJ. "A very good monthly jobs report is out there ...
D.Jones - Asian Shares Lower On Weak U.S. Cues (26sept2013) 1.Asian Stock Markets were mostly lower Thursday after Wall Street suffered its longest losing streak since December. 2.Contentious budget negotiations in Washington and concerns over the direction of U.S. Monetary Policy were again a drag on the U.S. market. The S&P 500 fell 0.3% to 1692.77, its fifth straight loss. 3.The index has fallen nearly 2% since the Federal Reserve last week surprised investors with a decision to maintain the pace of $85-billion-a-month bond-purchasing program. "People are still scratching their heads, trying to figure out why the Fed delayed," said Jiong Shao, head of China strategy at Macquarie. "What did they see that made them have a 180 degree turn?" 4.A report that Wal-Mart Stores Inc., the world's largest retailer, is struggling to clear inventory added to economic worries. A spokeswoman for the company called the report "misleading." Shares of Hong Kong retail middleman Li & Fung Ltd., which sources products for ...
Bernanke and Obama Want More Economic Crisis We predicted here at Capitol Hill Daily that Ben Bernanke wouldn’t taper the Federal Reserve bond buying this month. Yet all the pundits on Wall Street and in the media were fooled. They were fooled because they don’t understand the iron rule: Don’t liste...
Are you aware of what quantitive easing is doing !1 As everyone argures about food stamps , do you realise how much money is spurs into the economy by q. e. This is a shocking reality and complicated to understand !! One complication that is Inflation . I am too aware of inflation. ! Can most of you afford to fix your fence, pets or buy the same products you could years ago ? Thank the Federal Reserve and the Banks and Wall Street. I am not for any Political Party.
So here we have the bankster Obama tryna start world war 3 with Syria, Supporting Al Qaeda with already more than 1,000,000 bodies on his head and also illegally seizing Iranian assets on american soil, inflating the US dollar, decreasing the demand worldwide for american dollars via OPEC trades, crucifying the constitution and threatening to illegally under international law to strike Syria without public or congressional consent with Iran having a military defense act with Russia having threatened America with any strike on Demascus with the american public oblivious to the fact that Demascus is an Iranian providence, then Obama goes appointing the right hand man (Timothy Geithner) of the economic Wall Street devil himself Larry Summers as the chairman of the US's Federal Reserve denying the investing of manufacturing (greatest GDP builder just look at China) instead with the so called movement of "New Green Energy" while Americans just sit back and watch Miley Twerk, U know what? Great Job America :D o ...
'B'1 / CORPORATE / GOVERNMENT / BANKING / Wall StREET REACTIONS to ACTIONS from BBC NEWS 19 September 2013 Last updated at 14:21 ET US bank JP Morgan Chase has agreed to pay four regulators $920m (£572m) relating to a $6.2bn loss incurred as a result of the "London Whale" trades. (Article posted below this following comment) The Wall Street firm, one of the biggest investment banks in the world, is paying $300m to the US Office of the Comptroller of the Currency (OCC), $200m will go to both the Securities and Exchange Commission (SEC) and $200m to the US Federal Reserve. A further £138m ($86m+ $) will be paid to the UK's Financial Conduct Authority as part of the global settlement. Now... IF my elementary school MATH is correct. $6b ($6,000,000,000+) in losses + $920m (920,000,000) in fines = $7b ($7,000,000,000+) in TOTAL U.S. and U.K. consumer, taxpayer and investor LOSSES = LEGAL PROFITS for yOUR GOVERNMENT while J.P. Morgan & Wall Street keep rolling along. The BBC News Article. The settlement is .. ...
OBAMA ON THE ROPES Groundswell Is Growing For Glass-Steagall Passage by Nancy Spannaus Sept. 17—Nine months into his second term, President Barack Obama is ripe for impeachment, and he and his closest coterie know it. He is being besieged by bipartisan opposition to his violations of the Constitution on surveillance, and to his threat of going to war in Syria in violation of international and Constitutional law. He faces a huge revolt in Congress over his coverup of the truth about the Benghazi 9/11 murders, and near-universal disgust over his economic policies—from plummeting living standards to Obamacare—in the population at large. This is the context for Obama's latest retreat—his decision to back off from nominating Wall Street toady Larry Summers as the successor to Ben Bernanke as chairman of the Federal Reserve. Oregon Sen. Jeff Merkley had already informed the White House that at least five Democrats on the Senate Banking Committee would oppose Summers, according to a report in the HuffPos ...
OUR NEXT CHAIRMAN OF THE Federal ResERVE ...: High on the list of movies that can halt my channel surfing and keep me on that couch are John Wayne and Clint Eastwood movies. Among the top titles are anything with the Dirty Harry character. He takes no prisoners. He calls things the way he sees them. And he always ends up getting the bad guy while staying true to his calling. As Larry Summers bowed out of the race for Fed Chairman this past weekend, I started thinking about who would be the best candidate for the job and what I’d like to see in the next chairman… some of the traits of Dirty Harry. Don’t get me wrong. I’m no fan of the Federal Reserve as an institution. It’s not federal, i.e. not owned by the U.S. government, it’s not a reserve and has done precious little to avoid the cycle of boom and bust as it was supposed to over the last century. However, it’s not likely to go away anytime soon. Someone has to run it. The person at the helm should be thick-skinned, understand the mission ...
It seems that just about any biopic will get Leonardo DiCaprio to turn his head these days. In the last fifteen years alone he's played J. Edgar Hoover, Frank Abignale Jr., and Howard Hughes and in just a few months he'll be seen playing Jordan Belfort in Martin Scorsese's adaptation of The Wolf of Wall Street. Now the star is gearing up to portray yet another notable name. The Hollywood Reporter has learned that the actor is now set to both star in and produce Wilson, a biopic about President Woodrow Wilson.  Based on the book of the same name written by A. Scott Berg - which actually just hit stores last week - the film will look to give audiences an "intimate portrait of Wilson" as he helped bring our nation through World War I and come out the other side. THR notes that the source material offers "a heroic, larger-than-life" picture of the former president, and makes large emphasis on achievements like his creation of the Federal Reserve and his work to create the Treaty of Versailles while downp ...
WORKFORCE HITS 35-YEAR LOW Overlooked in the rush of other headlines, the share of the population in the workforce hit a 35-year low last month, the lowest since 1978, according to Bloomberg Businessweek. Real unemployment in August was nearly 14 percent. Youth unemployment stood at 22.7 percent. Black youth unemployment was 38.2 percent. Seventy-five percent of the jobs created so far this year have been part-time jobs. And. Five years ago this month – as a result of the greed, recklessness and illegal behavior by Wall Street – America was plunged into the worst recession since the Great Depression. Congress voted to bail out the largest financial institutions in the United States. In addition, the Federal Reserve provided more than $16 trillion in virtually zero interest loans to financial institutions and corporations in the United States and around the world, according to a GAO audit performed at Vermont Senator Bernie Sanders request. Amazingly, five out of the six largest Wall Street banks are e ...
Jackson Hole flying little lower this year without Fed chair Central Bankers from around the globe gather later this week in Jackson Hole, Wyoming, but for once, the absence of the Federal Reserve Chairman means their annual get-together is not likely to spoil the summer vacation of traders on Wall Street. Fed chief Ben Bernanke declined his annual invitation, breaking a 25-year tradition, and Fed Vice Chair Janet Yellen - a top contender to replace Bernanke in January 2014 - will only be moderating a panel. As a result, there is no keynote Fed speech to open the conference, and the chances of a deliberate effort to signal an upcoming change in U.S. Monetary Policy have been lowered dramatically. In prior years, Bernanke has used the venue to prepare financial markets for shifts in the Fed's policy stance. "In the past, the news that has come out of Jackson Hole has been because the principle presenters are in a position of policy prominence, and it seems to be lighter ... this year," said Carl Tannenbaum ...
Oil futures on Tuesday lost $1.26, or 1.2%, in Nymex trade, keying off of sharp losses on Wall Street after two Federal Reserve officials separately indicated that the Central Bank appears ready to start reducing the amount of bond purchases this year. Crude prices have fallen about 1.7% so far this week. This comes after benchmark U.S. prices touched their highest levels since March 2012 last week. U.S. crude has dropped “into the lower half of a $103-to-$109 trading channel,” CMC Markets senior market analysts Colin Cieszynski told clients late Tuesday.
The Fed Perturbs the Markets A more positive view of the economy equals a big negative for Wall Street. Provided by: Timothy J Hummel, CFP®, ChFC® and Steven A Newman, CFP® The end is in sight for QE3. On June 19, the Federal Reserve let investors know that “easing without end” will eventually end, perhaps as early as mid-2014. Wall Street had anticipated such a signal, but investors still reacted emotionally to the news, with the Dow Jones Industrial Average ceding all of its May and June gains in less than two market days. (The index fell 206 points on June 19 and 354 points on June 20.) Bears see the air quickly coming out of the rally; bulls think the rally will pause during the turbulence, then resume.1,2 Good news implied bad news. In its June 19 policy statement, the Fed presented a brighter economic outlook. It saw unemployment lessening to 6.5-6.8% in 2014. It also envisioned growth of 3-3.5% for 2014 and possibly as much as 2.6% growth in 2013.1,3 Then came the press conference after the ...
Mortgage rates worsened last week as Wall Street prepared for the Federal Reserve's eventual mortgage market pull-out. The Fannie Mae 3.5% coupon sank -3 5/32 last week and Ginnie Mae securities fared even worse, dropping -4 10/32. It was the worst one-week performance for mortgage-backed bonds in maybe 50 years. Mortgage rates of all types rose. Conventional mortgage rates rose, FHA mortgage rates rose, VA mortgage rates rose, and USDA mortgage rates rose, too. It was a bad week to shop for mortgage rates, for sure. This week, though, mortgage rates may take back some losses. Freddie Mac : 30-Year Fixed At 3.93% Mortgage rates closed last week worse, but began the week with promise. With a Federal Open Market Committee (FOMC) looming and a budding shift in market sentiment, certain U.S. mortgage rates improved Monday and Tuesday. For military borrowers with VA Streamline Refinance eligibility, for example, mortgage rates were at their best Tuesday afternoon. Incidentally, Tuesday afternoon was also about ...
The Census Bureau recently reported that more Americans are dining out as the effects of the recent recession fades. Sales are eating and drinking establishments hit a record $45.9 billion in April, up $200 from the previous record set in December 2012. Over on Wall Street, Stock prices hit record highs on May 22 and have fallen nearly 6% since hitting those levels. Fears that the Federal Reserve will pull back on its stimulus program and profit taking were the catalysts behind the move lower. In banking, Wells Fargo has been hit with a $203 million fine due to excessive overdraft fees for checking account customers. The Twinkie will be back on shelves by mid-July said Hostess Brands this week. The company said that the snack favorites will be delicious and fattening as they always were.
New York -- Stocks fell sharply after the Federal Reserve's statement and Chairman Ben Bernanke 's news conference Wednesday, with major U.S. indexes losing more than 1%.
I know somebody needs some budding Clarence Darrow type lawyers. Elizabeth Warren needs a coupla brilliant young legal minds to help her dissect Wall Street and all the political and bureaucratic institutions that protect it. There is no more worthy cause for the justice system than for it to become truly just. And there is no better leader than to have Senator Elizabeth Warren leading a powerful lobby of lawyers to a completely independent investigation of Wall Street and the Federal Reserve. If people actually want the truth about why we have endless wars, poverty and economic disaster...that is the job that needs to be done. And it will take several extraordinarily courageous attorneys and a legion of supporters, especially an enlightened pubic to get it done.
Banks brace for cyberwarfare drill Quantum Dawn 2 - Come June 28th, Wall Street outfits including the likes of Citigroup and Bank Of America will be under siege -- from fake hackers, that is. Representatives from a total of 40 companies along with the Federal Reserve, Securities and Exchange Commission, US departments of Treasury and Homeland Security will take part in Quantum Dawn 2: a simulated cyberattack on faux trading and information systems. Led by the Securities...
Foreign banks are fuelling India's recent burst of overseas takeover bids, offering cheap U.S. dollar loans to corporates hungry to expand beyond their home state. The stream of financing offers from banks such as Standard Chartered, Citigroup and Deutsche Bank comes after some U.S. and European lenders pulled back from the Indian market last year as the country suffered through an economic slump. Banks are now back, funding the entire amount of Apollo Tyres $2.5 billion bid for New York-listed Cooper Tire & Rubber Co, a company nearly three times the size of its Indian suitor. Bankers said lenders were taking advantage of a window of opportunity that exists while Monetary Policy remains loose, before any scaling back of abundant liquidity by the Federal Reserve and other Central Banks raises their cost of funding. Indian companies are bidding for at least $10 billion worth of deals and, if successful, the outbound M&A volumes this year would rise to $13 billion, the highest since a record year in 2010, T ...
Amid the current turmoil in global markets, one question is being obsessively debated on Wall Street: Just what was Ben S. Bernanke thinking three weeks ago when he said that the Federal Reserve might soon cut back its stimulus efforts? While second-guessing the Fed is a parlor game that traders have played for decades, it is an exercise that has taken on heightened significance. That is because in recent years, the markets have been more dependent on Central Bank support than at than any time in recent memory. So when Mr. Bernanke, the Fed chairman, said that the stimulus might diminish, alarm was bound to spread. And quite a reaction it was. Since May 22, when Mr. Bernanke made those remarks, global Stock Markets have lost $3 trillion in value, according to Bank of America Merrill Lynch. The Japanese Stock Market, for example, lurched into bear-market territory on Thursday after a tumble of 6.4 percent took the cumulative decline in the Nikkei 225 index to more than 21 percent since a peak on May 22. Wh ...
We did it. We've conquered NYC. 4 kids and 15 destinations. We did it all in one day. Saw Ground Zero, the memorial and museum, NYSE, Grand Central, Statue of Liberty, Ellis Island, Empire State Building observation deck, St Paul's Chapel, St Patrick's Cathedral, FAO Schwarz, even sat and read books at the NY Public Lobrary. Went to Time Square and even saw Carnegie Hall, Broadway and Wall Street and the Federal Reserve. Ended our great day by renting bikes and riding 3 blocks to Central Park where we looped the entire 584 acre park. Could not have squeezed more in a day if we had to. Great, exhausted times were had by all.
posted on May 25, 2013 byMark HorneNew York Times Admits Bank Lobbyists Write Laws For BanksFiled under Banking, Business, Corporate Welfare, Economy, Federal Reserve, Law6We all knew this was going on, I hope, but it is nice to see a story in the New York Times actually admit to it:“Bank lobbyists…
Judson Business Students visited Central Park (watched a video being made), Grand Central Station, Rockefeller Plaza, Top of the Rock and New York Public Library. Today's focus was on philanthropy and business. Tonight is Yankees game and tomorrow Wall Street, Federal Reserve. We walked 6.5 miles today. I will try to post pictures later.
A decline in the ISM manufacturing report from the US on Monday soothed nerves over an immediate withdrawal of liquidity by the Federal Reserve, boosting Wall Street. European Stock Markets Tuesday morning are reacting accordingly, trading modestly higher following previous session weakness but have come off intraday highs since the market open. Stimulus friendly remarks by Atlanta Fed head Lockhart aided the markets’ rebound with the Fed member suggesting the Central Bank remains committed to accommodative easing. There’s little on the economic data plate today other than euro zone PPI and US trade balance so market participants are likely to remain hypersensitive to Fedspeak Tuesday with governor Sarah Raskin, Kansas Fed head Esther George and Dallas Fed chief Richard Fisher all scheduled to speak. Much of the attention is now switching to Friday’s nonfarm payrolls report which should provide a better gauge of the Fed’s stance on stimulus at this month’s policy meeting. Overnight, stocks in As ...
Change under Obama? Not so much. Remember the 2008 financial crisis? He said right before elected “A lack of oversight on Wall Street & in Washington is exactly what got us into this mess” He went on to choose: Timothy Geitner- Treasury Secretary. President of the Federal Reserve during our financial crisis. Key person in Goldman Sachs getting dollar for every dollar for its bets against mortgages. Mark Patterson- Chief of Staff US Treasury Dept. He was a former lobbyist for Goldman Sachs. Lewis Sachs –Former Senior Treasury Adviser under Obama. Overseer of Tricadia one of the most aggressive firms behind CDO’s. Gary Gensler-Commodities Futures Trading Commission. Former Goldman Sachs executive. Helped ban the regulation of derivatives. Mary Schapiro- Securities and Exchange Commission. Former CEO FINRA, investment bankings self-run monitoring agency. Rahm Emanuel- former Chief of Staff under Obama. Served on the board of Freddie Mac. Martin Feldstein- Member of Obama’s Economic Recove ...
Who is responsible for this becoming "common practice" in Washington? When will responsible lawmakers realize that this is TREASON AND A VERY STRONG CONSPIRACY TO UNDERMINE THE United States GOVERNMENT? The people represented by lawmakers who are paid by us, but also paid by corporations to work for them to further undermine what they have already corrupted. TO *** WITH THE GUN NUTS! THIS IS OUR REAL PROBLEM! "...Industry officials acknowledged that they played a role in drafting the legislation, but argued that the practice was common in Washington. Some of the changes, they say, have gained wide support, including from Ben S. Bernanke, the Federal Reserve Chairman. The changes, they added, were in an effort to reach a compromise over the bills, not to undermine Dodd-Frank. “We will provide input if we see a bill and it is something we have interest in,” said Kenneth E. Bentsen Jr., a former lawmaker turned Wall Street lobbyist, who now serves as president of the Securities Industry and Financial ...
Background information THE I.R.S. TACTICS SET BY THE OBAMA WAY AN LEADERSHIP: "Obama learned his lesson well. I am proud to see that my father's model for organizing is being applied successfully beyond local community organizing to affect the Democratic campaign in 2008. It is a fine tribute to Saul Alinsky as we approach his 100th birthday." --Letter from L. DAVID ALINSKY, son of Neo-Marxist Saul Alinsky Hillary, Obama and the Cult of Alinsky: "True revolutionaries do not flaunt their radicalism, Alinsky taught. They cut their hair, put on suits and infiltrate the system from within. Alinsky viewed revolution as a slow, patient process. The trick was to penetrate existing institutions such as churches, unions and political parties. "One Alinsky benefactor was Wall Street investment banker Eugene Meyer, who served as Chairman of the Federal Reserve from 1930 to 1933. Meyer and his wife Agnes co-owned The Washington Post. They used their newspaper to promote Alinsky.Her series, called 'The Orderly Revolut ...
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Democratic Senator Elizabeth Warren of Massachusetts has asked top government officials to explain the absence of Wall Street prosecutions. In a letter to the Securities and Exchange Commission, the Justice Department, and the Federal Reserve, Warren questioned the government’s preference for reachi...
The biggest Wall Street banks are now far bigger than they were when we bailed them out, yet they've successfully whittled back the Dodd-Frank fiinancial reform act and continue to make and cover up wildly risky bets (e.g, JP Morgan Chase's $6 billion "London Whale" loss last year). Now, facing a bipartisan move in the Senate (led by David Vitter, R-La and Sherrod Brown, D-Ohio) to sharply increase the amount of capital they have to hold, which the Federal Reserve is endorsing, the banks are telling the White House and members of Congress they’ll lend out less money if such a law were enacted. In other words: if they can't continue to dominate and terrorize the economy, they’ll smother it. Haven't we had enough? It is time to use the nation’s antitrust laws to break up the biggest Wall Street banks, just like antitrust was used a century ago to break up the oil companies and railroads. And also to resurrect the Glass-Steagall Act, put into effect after the Great Crash of 1929, to separate commercial ...
Goldman exposed to $20bn loss in a crisis 08 March 2013 - 5:13 am Goldman Sachs would suffer a $20bn loss in a severe financial crisis, according to a Federal Reserve stress test that marks out the renowned Wall Street institution as one of the weakest in the industry and limits its ability to pay dividends. The Goldman result in the Fed’s annual measuring of 18 bank balance sheets against the scenario of a deep global recession and market shock was the biggest surprise of the exercise and a potential threat to the company’s ability to increase its dividend and share buyback. Using the stress test results, the Fed will officially announce whether banks will be allowed to return billions of dollars to shareholders next week, although it gave them a preliminary indication on Thursday. Institutions whose requested capital payout would leave them beneath the regulatory minimums in the stress test are allowed one chance to revise down the size of their capital return requests before that announcement. Gold ...
The Stock Market March 7, 2013 by Bob Livingston (I began publishing my monthly newsletter, The Bob Livingston Letter™, in 1969. The following is an excerpt from the March 2000 issue. I was one of the first writers to warn of the coming crash in the housing markets and lay the blame on the steps of Fannie Mae and Freddie Mac. I forecast exactly where we stand today.) The credit bubble is still growing — some day it will burst… Two biggies are Fannie Mae and Freddie Mac. Combined they have $1.6 billion reserves to cover 1000 times that much debt that they created. Add to this the credit being created by Wall Street and major corporations like GE Credit, GMAC, Ford Motor Credit, etc. Just get this: While the Federal Reserve has increased its reserves by $70 billion in the last 21 months, the above have created credit in excess of $521 billion. Mind you, these artists call debt “assets.” Economists are so used to calling debt “assets” until they are oblivious to the underlying horror. Do not b ...
So is it too late for investors to join the party? The Stock Market has already more than doubled since the dark days of 2009. Records are being set, and most indexes have risen nearly every week this year. Nearly all strategists point out that it is much better to buy at a market bottom than to invest after a record has been set. Nonetheless, for those willing to accept the risk, there are strong arguments, based on history and on market fundamentals, for believing that the bull market may still have room to run. Chief among them is the expansive Monetary Policy of the Federal Reserve. “The old song on Wall Street is ‘Don’t fight the Fed,’ and that certainly has been the case in this market,” said Byron Wien of the Blackstone Group, who is a veteran of many market rallies and slumps. “The Fed and other Central Banks have been driving the market, and there’s no sign that’s going to stop.” Another critical factor is the flow of funds into the Stock Market, said Laszlo Birinyi, who runs a ...
New York — Markets to sequester: Whatever. That was the message from Wall Street to Washington on Tuesday as the Dow Jones Industrial Average blasted through its all-time high of 14,198.10, driven by strong corporate earnings, a compliant Federal Reserve and a belief that even Washington&rsquo...
  Wall Street junk-bond underwriters, selling debt at a record pace after the securities returned 19 percent last year, say it’s obvious that prices will drop when Interest Rates rise. So don’t blame the banks. “Our job first and foremost is to properly structure deals for companies that can support their debt and perform well,” said Craig Packer, the New York-based head of Americas leveraged finance for Goldman Sachs Group Inc. (GS) “The interest-rate risk is just a law of nature.”   JPMorgan Chase & Co. (JPM), Deutsche Bank AG (DBK),Citigroup Inc. (C) and Bank Of America Corp. are leading firms benefiting from growth in a market where the average underwriting fee is almost three times as big as for selling more creditworthy bonds. At the same time, bankers warn that demand underpinned by Federal Reserve debt purchases could evaporate, driving down prices.   Banks have underwritten $89.6 billion of high-yield debt so far this year, up 36 percent from the same period in 2012, accordin ...
Wall Street this week: Investors shrug off looming budget cuts New York - With barely a week to go before $85 billion in automatic government spending cuts kick in, Wall Street is holding its nerve. Facts EVENTS TO WATCH Business events scheduled for the coming week MONDAY Lowe's reports quarterly results. TUESDAY Federal Reserve Chairman Ben Bernanke testifies about Monetary Policy and the economy before the Senate Banking, Housing and Urban Affairs Committee; Standard
THE ANTI DEFAMATION LEAGUE’S RECENT ‘BLAST’ at radio conspiracy ‘patriot’ maven, Alex Jones, appears to be more - AND less - than it seems upon closer examination and rational consideration. That world Zionism is the center of evil on the planet is beyond any rational dispute. From AIPAC and the ADL to the bogus Southern Poverty Law Center to B’nai B’rith, Zionism is the most ruthless geopolitical (thermonuclear Israel), financial and political force in the United States…and much of the world. Even a rudimentary understanding of the Wall Street bankster machine, and the beyond corrupt Federal Reserve, reveals the overwhelming power of Zionism which ultimately traces back to the City of London banking center, and the Rothschilds. As David Icke succinctly puts it, “Zionism is the Elephant in the Controllers’ Board Room” that only Zionist deniers, de facto agents and Zionist apologists pretend isn’t there and won’t mention. The premiere Zionist enforcement agency in America, the ADL ...
Call to the Legislature of Maine to create a Bank of Maine backed with all the property and assets of the State. As the State Treasury is now deposited within the Federal Reserve, lets us allow deposits to me made within a State structured banking system that will enable the backing of the Federal Reserve while creating a layer of insulation to the interest hungry markets of Wall Street. In this way, the hard working dollars of Mainers are central to the State. Allow the assets of our State, the natural resources of Maine, it's struggling economy, and it's sound infrastructure to manage it's own capital on global markets. Presently, borrowed capital costs the State 20% overall interest to bank outside a State owned banking system. If Maine were to Capitalize the costs of services through a State owned and run banking system within the Federal guidelines an regulations of doing so will enable the State to borrow against it's investments at a far more favorable Interest Rate than any rate sold on the New Yo ...
The US learned its lesson the hard way, and in 1816, they got their Second Bank Of The United States, again with a 20-year charter. When Andrew Jackson was elected in 1828, saying he would kill the bank, the bankers tried everything to stop him; they created the 1833 recession; had him censured in 1834; and a failed assassination attempt on January 30th , 1835 (both guns misfired). It didn't work, Jackson killed the bank in 1836, when their 20-year charter was not renewed. During the American Civil War, Abraham Lincoln created Greenbacks instead of the 24% to 36% usury the Wall Street bankers wanted to charge, and he was assassinated on Good Friday 1865. On December 23, 1913 the Rothschild bankers finally got their third Central Bank, the Federal Reserve Bank. The Federal Reserve Act of 1913 originally had a 20-year charter. But on February 25th , 1927, the McFadden Pepper Act was signed into law. It made the Federal Reserve's power over our Monetary Policy perpetual. Today, only an act of the US congres ...
Movie info by young investment banker Jacob Moore (Shia Labeouf) discovers that greed is still the name of the game when he forges a fragile alliance with onetime Wall Street hotshot Gordon Gekko (Michael Douglas) shortly after Gekko is released from prison. Having served eight years for securities fraud, Money Laundering, and racketeering, Gekko emerges from prison to find that his daughter, Winnie (Carey Mulligan), prefers to remain estranged, and that his former Wall Street cohorts are still raking in the cash. Flash-forward to 2008, and Winnie is dating a proprietary trader named Jake Moore (LaBeouf), who expresses a passion for green energy while working for his mentor Louis Zabel (Frank Langella), of Keller Zabel Investments. Despite heading up one of the most prominent investment firms in the country, Louis Zabel is forced to personally fight for the future of Keller Zabel before the Federal Reserve after the company's stock takes a hit due to persistent rumors that it's being dragged down by debt. ...
Own or Be Owned! The military-industrial complex of subsidized private sector contractors and a war machine far greater than the combined military expenditures of the other countries in the world is a primary reason the American economy is chugging along, even at such a slow pace. Instead of over-subsidizing wasteful military expenditures we need to reform the Federal Reserve Bank to create new owners of future productive capital investment in businesses simultaneously with the growth of the economy. Such productive capital investment should be to produce REAL products and services that society needs and wants, while ensuring that through full-payout dividend income the new FUTURE owners will have income to engage in the economy as "customers with money." The solution to broadening private, individual ownership of America's future capital wealth requires that the Federal Reserve stop monetizing unproductive debt, including bailouts of banks "too big to fail" and Wall Street derivatives speculators, and b ...
From 1987-2006 Alan Greenspan was the Chairman of the Federal Reserve. During that time we had Trickle Down Economics, Tax Cuts for the Rich and Corporate Elites, we turned the tide during the Clinton Administration and then when Greenspan had the opportunity to stem the tide of Greed on Wall Street which rocked our economy, he was asleep at the switch, again! Excuse me if I don't put any stock in what Alan Greenspan has to say! As far as I am concerned, He and some others have lost their standing in America as being so called "experts"! Some have sold themselves and their once great reputations towing the party line, seeking money gains and notoriety instead of doing their jobs and looking out for the interests of America! To include many Republicans!
The Federal Reserve published its October meeting minutes Wednesday. Mortgage markets are reacting negatively. Since the 2:00 PM ET release, mortgage rates have edged higher on concerns that Federal Reserve policy may contribute to inflationary pressure in 2013. Fed Minutes Move Mortgage Rates. The Federal Open Market Committee is a sub-group within the Federal Reserve. It meets eight times annually to discuss U.S. Monetary Policy and, when appropriate, votes to add, remove, and/or revise Monetary Policy which is already in place. 3 weeks after each FOMC meeting, the Federal Reserve publishes a record of its meeting minutes. The Fed Minutes are similar to the minutes of a condo association meeting meeting. The minutes summarize the conversations that occurred throughout the meeting -- sometimes in great detail. As a point of comparison : October 2012 FOMC post-meeting press release : 559 words October 2012 Fed Minutes : 6,157 words Wall Street watches the Fed Minutes closely because, within the extra word ...
Free Shipping at Baseball Rampage
"As I have noted in previous columns, the differences between Mitt Romney and Barack Obama are miniscule on virtually every salient issue. They both supported TARP; they both supported Obama’s economic stimulus package; they both supported so-called assault weapons bans and other gun control measures; Obama has an “F” rating from Gun Owners of America, while Romney has a “D-” rating from GOA; neither man supports a balanced budget; neither man opposes foreign aid; they both supported the bailout of the auto industry; they both have a track record of being big spenders; they both fully support the Federal Reserve; they both oppose a full audit of the Fed; they are both supporters of Universal Health Care; both men are showered with campaign contributions from Wall Street; neither of them wants to eliminate the IRS or the direct income tax; both men are on record as saying the TSA is doing a “great job”; they both supported the NDAA, including the indefinite detention of American citizens with ...
I voted for Obama because I like what I've seen of him as a "hip" likable guy. But why won't he stand up to the Fedreal Reserve and abolish it? The Fed, deregulation, Wall Street and the banksters all caused the 2008 crash. Why aren't any of these CEOs & the head of the Fed doing time in prison for their greed and treason toward the American people? If Obama was buddies with guys like Bill Ayers (who performed an incredibly patriotic act by breaking Timothy Leary out of a federal prison back in the early 1970's) why doesn't he stand up to the real crooks like the Federal Reserve? Maybe they'd have him assasinated if he did? Was that one of the reasons they did away with Kennedy? I like Obama. I just wish he'd get more radical & not cater to a middle of the Road America.
Long Term Capital Management was a hedge fund that went bust in 1998. The investing public was told that unless they were saved or liquidated orderly it could bring down the entire global market. An initial buyout offer from Goldman Sachs, AIG, and Warren Buffet was rejected. Ultimately the New York Federal Reserve Bank bailed them out. Later the losses were disclosed as being 6.4 Billion dollars. To everyone not a banker reading this 6.4 Billion is the equivalent of a peanut butter jelly sandwich to Wall Street. Why was the most powerful Federal Reserve Bank organizing this rescue package. Long Term Capital's lead attorney James Rickards denied multiple reports his client was massively "short" or betting against gold prices. One year later Gordon Brown ordered England to sell 400 Tonnes of Gold at the very bottom of the market through the Bank of England. This very same year Goldman Sachs went public as a company and raised Billions of dollars. Goldman was rumored to have assumed Long Term's gold short p ...
As Governor, Mitt endorsed *** marriage. To demonstrate his support for the debauched sex conduct of *** and for *** marriage, Romney even marched in Boston’s annual *** Pride Parade. Both Obama and Romney are funded by Wall Street bankers, and both support the scams of the Federal Reserve.
By Liz Peek; In the second presidential debate, Mr. Obama attacked early on, saying, “Governor Romney said we should let Detroit go bankrupt.” Note to Obama fans: GM did go bankrupt – filing for Chapter 11 protection against its creditors on June 1, 2009. It’s what happened next that the president can take credit for – a handout of $49.5 billion in taxpayer money to GM, some $27 billion of which remains outstanding, and another $17 billion to its financial arm Ally Financial, which still owes $14.7 billion. In other words, Obama didn’t save General Motors; American taxpayers did, with an assist from the Federal Reserve. While liberals rant about the bailouts of Wall Street, it is worthwhile noting that of the $417 billion in TARP funds spent to stabilize the economy, only $65 billion has yet to be repaid – and more than half of that is owed by GM and Chrysler. The latest TARP report from the Congressional Budget Office says that the government invested nearly $80 billion in those two auto gi ...
Ben Bernanke has launched a staunch defence of the US Central Bank’s aggressive monetary easing amid attacks on the policy from officials around the world. The head of the Federal Reserve rounded on critics of the policy, which has prompted
Posted below is an interesting article and commentaries on relevant points in regards to what is really going on behind the scenes. EVERY AMERICAN should be asking loud and long of those who want their votes, "What is really going on, why was Ron Paul the ONLY candidate who was talking about it and how are we going to survive this one? . also, why are we not going after the thieves and pillagers of our economic system with the full force of the law and the constitution to right the litany of wrongs that have brought the USA and, by extension, the world to this point?" QE3 – Is The FED Using Unemployment As A Cover For Another Bank Bailout? by Donna S. Robinson - 18 September 2012 Happy days are Here Again on Wall Street, which saw stocks, commodities and gold going higher immediately after the big news that the Federal Reserve will begin an open-ended program of new Quantitative Easing, known affectionately as “QE3″. But this time the Fed is going all-in with it’s biggest QE yet. And it’s all su ...
One day, America will wake up to the news of a failed U.S. government debt auction. Lenders will have had enough. Though many people will be oblivious for a short time, those in the know will rush to the stores to buy everything they can get their hands on—diapers, alcohol, beans, bullets. They will be the lucky ones. Some will turn to gold and silver, but that will only help for so long. Shortages will soon be reported and become endemic. Attempting to calm markets, the Federal Reserve will announce another round of “money printing,” but this time it will have the opposite effect. The dollar will plunge in value, the Dow Jones will plummet and officials will lock down Stock Markets. Without access to debt, Wall Street will experience a chain of unstoppable domino failures. Consumer spending will sharply contract. Import prices will soar. Sales will dry up, and indebted corporations will stop sending out paychecks. America will grind to a halt. Mainstream politicians and economists like Ross Perot a ...
Warnings That A Massive Stock Market Crash Is Imminent In the financial world, the month of October is synonymous with Stock Market crashes. So will a massive Stock Market crash happen this year? You never know. The truth is that our financial system is even more vulnerable than it was back in 2008, and financial experts such as Doug Short, Peter Schiff, Robert Wiedemer and Harry Dent are all warning that the next crash is rapidly approaching. We are living in the greatest debt bubble in the history of the world and Wall Street has been transformed into a giant casino that is based on a massive web of debt, risk and leverage. When that web breaks we are going to see a Stock Market crash that is going to make 2008 look like a Sunday picnic. Yes, the Federal Reserve has tried to prevent any problems from erupting in the financial markets by initiating another round of Quantitative Easing, but 40 billion dollars a month will not be nearly enough to stop the massive collapse that is coming. This will be ...
Wall Street wants the average voter to keep letting the bankers rob the Federal Reserve. Right now, Alan Greenspan is being investigated for slipping $15 Trillion out of the Federal Reserve into private banks for rich CEO's to make more speculative investments with YOUR HARD EARNED CASH. They are counting on you to be uneducated and uninformed. Voting is a responsibility, not just a right. It's funny that the polls are showing the educated Americans leaning towards Obama. He believes in education to keep our kids strong in the international market place. Obama believes in hard work because he had to do it himeself. You see, labor unions set a precident for ALL WORKERS and encourage employers to offer benefits, vacations days, medical, and some form of retirement (matching their 401K contributions at the very least) if they cannot propose a pension plan. So don't vote for some hot headed sociapath with magic Mormon underwear that cheats on his tax es and ties his dog to the roof of a moving vehicle, then g ...
U.S. office vacancies dropped to their lowest level in almost three years. A total of 17.1 percent of the country’s office space sat empty as of Sept. 30, down from 17.4 percent a year earlier and 17.2 percent in the second quarter, the New York-based real estate research firm said today. Vacancies were the lowest since the fourth quarter of 2009, when the rate was 17 percent. Spain’s banks face a capital shortfall that could climb to 105 billion euros ($135 billion), almost double the estimate the government provided last week, according to Moody’s Investors Service. The dollar weakened versus most of its 16 major counterparts on speculation signs of weakness in U.S. employment will encourage the Federal Reserve to sustain monetary stimulus that tends to debase the currency. Wall Street rose, following the biggest weekly decline since June in the Standard & Poor’s 500 Index, after a measure of manufacturing beat economists’ forecasts and concern about Europe’s debt crisis eased. NSDQ 0.09%↓ ...
The Economic COVER-UP Obama Doesn't Want You To Know: The Federal Reserve announced it has the mechanism in place to begin to inject capital into European Banks and "bail- out" the Eurozone as it continues to spiral out of control. While the FED invokes QE3 to save the bank and Wall Street from another crisis, the European Central Bank in turn has begun its “unlimited” printing money policy. Keep in mind as this is all happening China, India, Russia, Brazil are hoarding GOLD while the mainstream media in America, Japan, and Europe keeps telling us the fundamentals of the Global Economy are sound. Anyway, it appears that all this artificial stimulus by the world's Central Banks it is not working because the numbers for durable good orders since August have plunged more than 13%! So as I've been telling you for a number of years now that there is NO REAL RECOVERY at all, and John Williams at shadowstats.com calls the economy “bottom bouncing at best.”
by Daisy Sue Created on: August 07, 2012 Last Updated: August 08, 2012 The Great Depression began on Tuesday, October 29, 1929. This terrible day is also known as Black Tuesday. The Great Depression did not come all at once, however. In 1925, several years before the Stock Market crashed, Herbert Hoover, then Secretary of Commerce, saw trouble looming on the horizon. He warned President Calvin Coolidge about the unbridled Stock Market speculation. President Calvin Coolidge did not see what Hoover saw. He stated, “No Congress… ever assembled has met with a more pleasing prospect than that which appears at the present time.” Herbert Hoover made an effort to prevent the crash of the Stock Market by urging the Federal Reserve to increase the discount rate charged to banks for speculative loans. He hoped this would help put an end to "'crazy and dangerous' gambling on Wall Street." He encouraged newspapers and magazines to warn about the danger of out of control speculation. Eventually the Federal Res ...
For the record, Illuminati: Good, nWo: Bad. New World Order: CIA. MI6. Wall Street. City of London. Federal Reserve. Fortune Global 2000. Hollywood record labels. Millions of nondescript corporate lawyers, basically. THE EVIL. Illuminati: The elite individuals at the very, very top that pimp out these evil institutions (and their millions of noname corporate lawyers) for money, power and the ocassional greater good. (JFK was Illuminati--RIP.) These are elite pimps: we often oppose their policies, but they themselves tend to be good peoples. From George W. Bush to Barack Obama. Ronald Reagan to Zbig Brzezinski. From Michael Jackson to Tupac Shakur. Bill Gates to Steve Jobs. Alan Greenspan to Ben Bernanke. Lil B to Jay-Z. The leaders. The Bad with a capital 'b'. They lead and own institutions, blowin' the highest weed in the world, and nowadays, they're faking their own deaths. THE PIMPS.
The third round of Quantitative Easing (QE3) from the Federal Reserve is prompting a real estate bubble that will end badly, warns author and financial expert Gary Anderson.
I was looking at some old emails that I had not gotten around to read. One of these was . From: Front Porch Politics To: GAWLINSKIE Date: Sun, Jan 29, 2012 11:17 am Romney Backed by Goldman Sachs, Bailout Banks The top donor to former Massachusetts Gov. Mitt Romney's Presidential Campaign, investment banking and securities firm Goldman Sachs, received over $10 billion in emergency lending and bailouts from the Federal Reserve after the 2008 financial meltdown, according to public sources and published reports. Goldman backed Obama for election in 2008, and the firm, like many Wall Street institutions, is now backing Mitt Romney for president. Romney has long had a close relationship with Goldman Sachs. In 1999 Romney purchased initial IPO shares in Goldman that netted him $1.1 million in profits when he sold them in 2010. And The New York Times recently reported that "many of the assets in Romney's blind trust" are managed by Goldman. Today, Goldman is Romney's largest donor. And nine of Romney's top 20 ...
Quietly, without fanfare or Congressional hearings, the USA Patriot Act in 2001 bestowed on the 12 privately owned Federal Reserve Banks, domestic policing powers. Section 364 of the Act, “Uniform Protection Authority for Federal Reserve,” reads: “Law enforcement officers designated or authorized by the Board or a Reserve Bank under paragraph (1) or (2) are authorized while on duty to carry firearms and make arrests without warrants for any offense against the United States committed in their presence…Such officers shall have access to law enforcement information that may be necessary for the protection of the property or personnel of the Board or a Reserve Bank.” The police officers are technically known as FRLEO, short for Federal Reserve Law Enforcement Officer. The system has its own police academies for training, their own patch and badges, uniforms, pistols, rifles, police cars and the power to arrest coast to coast without a warrant. They have ranks of Sergeant, Lieutenant, Captain and a ...
Ron Paul has been saying for years that if we continued to run our economy on runaway government spending, endless amounts of debt and the insanity of letting the Federal Reserve control our currency then eventually the United States economy would crash. Did that not happen? But neither Political Party is seeking to end this orgy of debt. Instead both of the major parties pushed the "Wall Street bailouts" down the throats of the American people and both political parties have continually voted to spend even more money. But the American people didn't want to listen a true fiscal conservative like Ron Paul. Now we are paying the price.
"Perhaps Mr Hannity is understating the problem, for there are many more of those on the government dole than even their 49% accounts for. Like those welfare queens at Exxon Mobil, AT&T, and GE. 250 corporations from 2008 to 2010 get nearly a quarter trillion in federal tax subsidies. Although to be fair, at least Exxon Mobil and AT&T give us back cheap gas and reliable cell phone service. Or, how about this, here's one: the Wall Street firms who were given access to the discount borrowing window at the Federal Reserve. Or the $5 billion in direct payments to Americas moocho farmers, or the incredible tax breaks the government gives the investor class whose money is taxed at a capital gains rate of 15%. As opposed to ordinary "having a job" income which can be taxed up to 35%. Boy, I wish we had a poster boy for that element of the mooch-tacracy. Oh, right. We do. Governor Mitt Romney in 2010 had an adjusted gross income of $21.6 million yet paid only $3 million in federal income tax, or 13.9%. Without th ...
I'm tired of listening to Mr. Romney ask "Are you better off today than you were four years ago?" Let's look back exactly four years ago.September 17th, 2008. Here's the headline from the PBS News Hour for that date: GWEN IFILL: Wall Street and Washington entered uncharted territory today: the Federal Reserve's takeover of insurance giant AIG. It was the Fed's deepest move ever into the private sector in exchange for $85 billion in borrowed tax money. The Bush administration initially opposed a bailout, but today White House press secretary Dana Perino defended it. Dana Perino, White House Spokeswoman: Some of these companies were so big that to allow them to fail would have caused even greater harm and damage to the economy. So the goal has been to take action where necessary to promote stability and strength in the marketplace so that we can prevent or limit more damage to the broader economy. GWEN IFILL: Perino said decisions on other bailout requests, including for the auto industry, would be made ...
Mr. Obama quickly proved to be a different breed of porpoise than the voters bargained for. He let the Wall Street privateers run amuck another four years, aided with colossal infusions of conjured-out-of-nothing "money" from the Federal Reserve. He let loose the demons of a high-tech totalitarian "security" state with every sort of electronic surveillance, citizen data-mining, and drone spying that innovation allowed. He stood silent like a Banana Republic store mannequin after the supreme court decided that corporations could buy elections . --James Howard Kunstler
My Hope IS that America will do a good decision on November 6th and stop blaming President Obama for this economy problems. you can go to Cnn and get a copy President Bush speech of September,24 of 2008 Bush plans prime-time speech The President will speak to the public about the proposed $700 billion bailout on TV tonight to urge skeptical senators. WASHINGTON (CNN) -- President Bush will deliver a prime-time speech Wednesday night to put pressure on Congress to pass a $700 billion plan to bail out Wall Street, the White House announced. Federal Reserve chief Ben Bernanke warned Wednesday that the current Wall Street crisis is the worst the country has faced since the end of World War II and urged Congress to take action on a proposed bailout package. But members of Congress - including members of Bush's own Republican Party - have expressed skepticism about the plan drafted by Bernanke and Treasury Secretary Henry Paulson. Bush's speech is due to begin at 9:01 p.m. ET and last just under 15 minutes. Min ...
“The Obama Administration, with the Federal Reserve functioning as a component of the executive branch, has funneled at least $16 trillion to domestic and international banking institutions, much of it through a virtually “free money” policy that could well become permanent. This ongoing “rescue” of finance capital is unprecedented in sheer scope and in the blurring of lines between Wall Street and the State. The routine transfer of multi-billions in securities and debts and assets of all kinds between the U.S. Treasury, the Federal Reserve and corporate accounts, has created de facto structures of governance that may be described as institutional forms of fascism.” Italics mine. Glen Ford
Paul had it right...Former OMB (Federal Office of Management and Budget) boss David Stockman told CNBC that Romney’s vision of capitalism is not possible if the Federal Reserve continues to run the economy. Stockman said the only candidate that had it right was Ron Paul.“He was the only one that had it right about the Fed,” Stockman said. “The Fed is the heart of the problem. We have destroyed the capital markets, the money markets. Interest Rates mean nothing. Everything is trading off the Fed. Wall Street isn’t even home. It’s a bunch of computers trading word clouds emitted by this Central Bank or that.”
The iPhone 5, which Apple Inc. plans to release this week, could get credit for something Congress, the White House and Federal Reserve have struggled to do: boost the U.S. economy in a measurable way.
Many speculate that the Fed will launch QE3 next week.But independent economics and financial experts say this would hurt – rather than help – the economy.Dallas Federal Reserve Bank president Richard Fisher said:I firmly believe that the Federal Reserve has already pressed the limits of monetary po...
An end of the Federal Reserve would only be worthwhile if sweeping Wall Street regulation and the repeal of Citizens United occurred, too.
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