From the category archives:

Federal Reserve

Great Post Mocking Bernanke

August 30, 2011

I love to see satirical condemnations like this, especially when the focus of the mockery is the Federal Reserve and its chief, Ben Bernanke. I don’t know much about this site or its author, but the satire is spot on. I am not sure what it will take for the United States and the rest [...]

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Forget TARP – the Fed Is Where the Banks Really Cleaned Up

August 22, 2011

Here is an article from Bloomberg describing the amounts received as loans from the Federal Reserve during the market blow up in 2008 and 2009. While taxpayers were enraged, and rightfully so, with the TARP bailout, which provided $300 billion to troubled banks, automakers, and other companies with strong lobbying arms, taxpayers should really be [...]

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The Federal Reserve Spanks Consumers Again

July 1, 2011

In yet another display that the Federal Reserve serves no purpose other than to help banksters, the Fed backtracked on its intention to lower the fee banks can charge for debit card transactions. Starting this July, banks were only going to be allowed to charge 12 cents per debit card transaction. This would help consumers [...]

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Fed Secrecy Revealed

May 27, 2011

There is a decent article in the Huffington Post today about the Federal Reserve’s secrecy, citing how the Fed provided over $30 billion in loans to Goldman Sachs, the Royal Bank of Scotland, and Credit Suisse at the ridiculously low rate of 0.01%. Wish I could get a mortgage at that rate. This is all [...]

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Open Letter to Ben Bernanke

April 27, 2011

Today, the Federal Reserve Chief, Ben Bernanke, will hold a press conference to detail what the Fed’s plan is once the second round of Quantitative Easing ends. Some think they will let the plan end with the stipulation that the Fed stands ready to jump back in if needed while others believe that Quantitative Easing [...]

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The Bill Is Coming Due for Bank Bailout

February 7, 2011

Most Americans are rightfully upset at the TARP/bank bailout from 2008. No one, outside the government, Fed or the banking industry, can really justify giving our money to multi-millionaire bankers. Of course, the government is trying to justify TARP claiming the US taxpayer has received this amount back plus interest. I have always argued that [...]

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Roubini Has It Wrong

November 22, 2010

In a recent article, Nouriel Roubini, known as Dr. Doom in many economic circles for accurately calling the housing/banking crisis, argued against a gold standard for our currency. His arguments claim that the business cycle will be more violent (and frequent) and that the Fed would be unable to adequately fight inflation or deflation. Personally, [...]

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Kool Aid From the Gubment – Say it Ain’t So

October 3, 2010

Saw this article on the Huffington Post, and I couldn’t believe it was published. This guy is brewing a heavy batch of Kool Aid to get us to buy this argument. I posted a response on Huffington Post, but the word limit kept me from making my points. Here I can pontificate at length (though [...]

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Inflation of Deflation?

August 8, 2010

I saw this video from the National Inflation Association (hat tip Zero Hedge). This is a continuation of the inflation/deflation debate that is going on today among many economists, bloggers, and Wall Street money thieves. The first video is from the NIA where they make their case for not only inflation, but hyperinflation. NIA attempts [...]

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Greenspan and the Costanza Principle

July 1, 2010

Alan Greenspan appeared on CNBC’s Squak Box this morning. Here is a recap of what he said. Personally, I am glad I went for a run rather than listen to his drivel. But, it just seems that the Costanza principle applies to Greenspan. For those who never watched the show about nothing, George Costanza experimented [...]

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