At times it really is breathtaking how corrupted the U.S. government has become. Government corruption has become so endemic in our society that most people have just kind of accepted it as “normal”. But shouldn’t we all get hopping mad when we learn that the Federal Reserve sent billions of dollars in bailout money to […]
Gold prices surged last week to a new all time high of $1,463.70 per ounce, while silver prices soared to a new 31-year high of $39.785 per ounce. Silver is now up 129% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce. The gold/silver ratio […]
During the current disorders in the Middle East the emphasis has been on political repression, corruption and a desire for freedom. However, escalating food prices have been a contributing factor to the disturbances and have fueled popular discontent. Now food price levels threaten to exceed the record 2007/08 levels that also triggered violence and demonstrations. […]
David Dreman– Big Ben has done it again, but what he’s done he didn’t mean to do. QE2 is the moniker affixed to the Fed’s second round of quantitative easing, a salvo to jump-start the economy and stave off deflation. Last month the Fed, in a bit of monetary magicianship, began buying the first of […]
Did you see Federal Reserve Chairman Ben Bernanke on 60 Minutes the other night? Bernanke portrayed the Federal Reserve as the great protector of the U.S. economy, he claimed that unemployment would be 15 percent higher if the Federal Reserve had sat back and done nothing during the financial crisis and he even started laying […]
Citi’s crack FX strategist Steve Englander reacts to Bernanke’s big speech where he slammed China, and concludes that Bernanke is committed to a lower dollar. Thus: You should be a seller. Here’s Englander: We would sell the dollar off this speech. It is hard enough stop a central bank from weakening its currency when it […]
Bucking the Federal Reserve’s efforts to push interest rates lower, investors are selling off U.S. government debt, driving rates in many cases to their highest levels in more than three months. The Fed’s $600 billion program to buy Treasury bonds began late last week and is kicking into high gear this week, with the central […]
The latest move by Ben Bernanke and his Federal Reserve is rubbing a lot of people the wrong way. Bernanke plans to inject more liquidity into US markets in the latest round of quantitative easing, which is being dubbed QE2 (we’ll get to what it actually means in a minute). While there has been a […]
Nov. 29 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said curbing the central bank’s authority to supervise the banking system and tampering with its independence would “seriously impair” economic stability in the U.S. “A number of the legislative proposals being circulated would significantly reduce the capacity of the Federal Reserve to perform its core […]
