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Tag Archives: Federal Reserve
At the Fed in 2009, Rolling Dice in a Crisis
At the Fed in 2009, Rolling Dice in a Crisis Ben Bernanke and his colleagues at the Federal Reserve Board have earned accolades from all corners for the extraordinary actions they took to rescue the financial system in 2009. While 2008 was the Fed’s annus horribilis, exposing how unaware the central bank had been of the risks building […]
Thanks For The Corporate Bond Bubble, Fed
Thanks For The Corporate Bond Bubble, Fed Once upon a time businesses borrowed long term money—-if they borrowed at all—-in order to fund plant, equipment and other long-lived productive assets. That kind of debt was self-liquidating in the sense that it usually generated a stream of income and cash flow that was sufficient to service and […]
QE Inventor: It’s EASY to Create a Full-Blown Recovery, But Central Banks Chose to Make Banksters Rich Instead of Helping Main Street
QE Inventor: It’s EASY to Create a Full-Blown Recovery, But Central Banks Chose to Make Banksters Rich Instead of Helping Main Street QE Is a Sham Richard Werner (economics professor at University of Southampton) is the inventor of quantitative easing (QE). Werner previously said that QE has failed to help the economy. (Former long-time Fed chair Alan Greenspan agrees. Numerous academic studies confirm […]
Ukraine, Neocons and Neonazis
Ukraine, Neocons and Neonazis See, by now you would think that anyone who reads that all 31 US banks that were tested have passed the Fed stress test, knows this says absolutely nothing about the banks, but all the more about the test. You would think. But the media try – and succeed – to […]
“Default Monday”: Oil & Gas Companies Face Their Creditors
“Default Monday”: Oil & Gas Companies Face Their Creditors Debt funded the fracking boom. Now oil and gas prices have collapsed, and so has the ability to service that debt. The oil bust of the 1980s took down 700 banks, including 9 of the 10 largest in Texas. But this time, it’s different. This time, […]
The Global Problem: Monetary Policy Can’t Fix an Economy’s Structural Problems
The Global Problem: Monetary Policy Can’t Fix an Economy’s Structural Problems When we look back from 2025, it will be painfully obvious that central bank policies exacerbated the systemic crises that brought down the global financialization machine. What with all the praise being heaped on central banks for “saving” the world from economic doomsday in […]
One Last Look At The Real Economy Before It Implodes – Part 1
One Last Look At The Real Economy Before It Implodes – Part 1 We are only two months into 2015, and it has already proven to be the most volatile year for the economic environment since 2008-2009. We have seen oil markets collapsing by about 50 percent in the span of a few months (just […]
BREAKING BAD (DEBT) – EPISODE THREE
BREAKING BAD (DEBT) – EPISODE THREE In Part One of this three part article I laid out the groundwork of how the Federal Reserve is responsible for the excessive level of debt in our society and how it has warped the thinking of the American people, while creating a tremendous level of mal-investment. In Part Two I focused on […]
BREAKING BAD (DEBT) – EPISODE TWO
BREAKING BAD (DEBT) – EPISODE TWO ‘If you’re committed enough, you can make any story work. I once told a woman I was Kevin Costner, and it worked because I believed it’ – Saul Goodman – Breaking Bad “As calamitous as the sub-prime blowup seems, it is only the beginning. The credit bubble spawned abuses throughout the system. […]
JANET YELLEN IS A COWARD
JANET YELLEN IS A COWARD Headline: Yellen Is Loathe To Change Easy Money Policy With her diminutive stature, dutch-boy haircut and puffy facial features Janet Yellen certainly does not look like a leader…more like a Brooklyn grandmother eager to tell you her special recipe for chocolate chip cookies. In this case, unfortunately, her appearance does […]
Which New World Order Are We Talking About?
Which New World Order Are We Talking About? Those of us who are libertarians have a tendency to speak frequently of “the New World Order.” When doing so, we tend to be a bit unclear as to what the New World Order is. Is it a cabal of the heads of the world’s governments, or […]
Housing Industry Frets About the Next Brick to Drop
Housing Industry Frets About the Next Brick to Drop Cashing out of the “Bet on America” might get messy. Stephen Schwarzman, CEO and co-founder of Blackstone Group, the world’s largest private-equity firm with $290 billion in assets under management, made $690 million for 2014 via a mix of dividends, compensation, and fund payouts, according to a regulatory […]
BREAKING BAD (DEBT) – EPISODE ONE
BREAKING BAD (DEBT) – EPISODE ONE “At this juncture, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” – Fed chairman, Ben Bernanke, Congressional testimony, March, 2007 “Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.” –James Grant, […]
10 Reasons Washington Has War Fever
10 Reasons Washington Has War Fever “War is merely the continuation of policy by other means.” – Carl von Clausewitz The political elites, Federal Reserve and special interests that really run the show hiding behind Congress and the president of either party in America’s closed two-party monopoly seem to be running scared in many regards. […]
Kick-The-Can Has Morphed Into A Blatant Farce
Kick-The-Can Has Morphed Into A Blatant Farce Kick-the-can has morphed into a blatant farce. Everywhere in the world central banks and financial officialdom are engaging in desperate, juvenile maneuvers to buy time—–amounting to hardly a few weeks at a go. Never before has the debt-saturated, speculation-ridden global casino rested upon such a precarious foundation. This week, for instance, Janet Yellen […]
