Police Misconduct
On January 31, he stepped down as Fed chairman. Janet Yellen replaced him. He's entering a new world of million-dollar book deals. He'll make $100,000 a pop speeches. Expect appointments to corporate boards. CEOs value his rainmaking services. On February 3, Brookings headlined "Federal Reserve Chairman Ben Bernanke to Join Economic Studies at Brookings." He's
I began writing analysis on the macro-economic situation of the American financial structure back in 2006, and in the eight years since, I have seen an undeniably steady trend of fiscal decline. I have never had any doubt that the U.S. economy as we know it was headed for total and catastrophic collapse, the only question was
The assumption by global depositors who have entrusted their national savings with the Federal Reserve and US Government has always been that when they request to repatriate their holdings the Fed would simply open the vault, access said assets and ship them back to where they belong. That’s exactly what Germany expected would happen last
With Ben Shalom Bernanke set to depart on the last day of January 2014, the critique and speculation of his tenure as Chairman of the Federal Reserve begins. The mainstream financial press is giving mostly favorable accounts. Heretofore, such praiseworthy acclamations strike a shape contrast with the actual record of the state of the economy.
The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.” Removed from market discipline, the banks became wards of the government requiring massive creation of new
It's official. A White House statement headlined "President Obama Announces his Intent to Nominate Three to Serve on the Board of Governors of the Federal Reserve System." Nominees include Stanley Fischer as vice chairman, Lael Brainard as governor, and Jerome Powell for a second term as governor. None deserve appointments to local school or other municipal
Napoleon had his own ideas about conquest and dominance. He knew a thing or two about money power. He said: "When a government is dependent for money upon the bankers, they and not the government leaders control the nation." "This is because the hand that gives is above the hand that takes. Financiers are without
"The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks
December 23rd, 1913 is a date which will live in infamy. That was the day when the Federal Reserve Act was pushed through Congress. Many members of Congress were absent that day, and the general public was distracted with holiday preparations. Now we have reached the 100th anniversary of the Federal Reserve, and most Americans
New: “The United States Federal Reserve announced Wednesday that it will start drawing down (i.e. “tapering”) its multibillion-dollar quantitative easing policies in 2014. The Fed will begin tapering its $85 billion monthly purchases of Treasuries and Treasury mortgage-backed securities by $5 billion each starting in January.” 100 years ago, this December, the United States Congress
Leaders of the global banking cartel have publicly stated that they are planning to impose charges on depositors should the U.S. Federal Reserve cut the interests rate it pays banksters for deposits it holds from individuals and companies. Meanwhile, Federal Reserve Board Governor, Daniel Tarullo, proposed this week measures to avoid what he called “massive
The Federal Reserve is creating hundreds of billions of dollars out of thin air and using that money to buy U.S. government debt and mortgage-backed securities and take them out of circulation. Since the middle of 2008, these purchases have caused the Fed's balance sheet to balloon from under a trillion dollars to nearly four
A banker named Andrew Huszar that helped manage the Federal Reserve's quantitative easing program during 2009 and 2010 is publicly apologizing for what he has done. He says that quantitative easing has accomplished next to nothing for the average person on the street. Instead, he says that it has been "the greatest backdoor Wall Street
The day that John Kennedy was murdered, was the day that Americans lost their country. Since that fateful day in November of 1963, our slide into tyranny has accelerated. Nearly every form of tyranny which has overrun our country has its roots in the post-JFK assassination event. JFK was seemingly the last watchman on the
Sometimes it is beneficial to pause and try to intellectually understand what the American people are fighting against. We see the daily struggles (e.g. threats to our pensions, bank accounts and civil liberties), however, what seems to be missing is a narrative which provides a macro view which reveals that there is a centralized plot
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Water, Salt, Milk: Killing Our Unborn Children
By Kevin Galalae
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