Category: Central Banks
The analysis published under this category are as follows.
Monday, July 13, 2009
Fed Independence or Fed Secrecy? / Politics / Central Banks
By: Dr_Ron_Paul
Last week I was very pleased that hearings were held on the independence of the Federal Reserve system. My bill HR 1207, known as the Federal Reserve Transparency Act, was discussed at length, as well as the general question of whether or not the Federal Reserve should continue to operate independently.
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Wednesday, July 01, 2009
The Great Bank Robbery: How the Federal Reserve is destroying America / Politics / Central Banks
By: Global_Research
Robert Bridge writes: As global leaders struggle to rescue their nations from economic breakdown, the legitimacy of the dollar as the world’s reserve currency is under attack. Perhaps the problem lies with the Fed.
Monday, June 29, 2009
Power Shortage at the U.S. Fed? / Politics / Central Banks
By: Money_Morning
William Patalon III writes: Documents brought to light by key by congressional investigators hightlight real disagreement between top-level U.S. Federal Reserve officials about how it should address the Bank of America Corp.(NYSE: BAC) acquisition of Merrill Lynch & Co. Inc. are almost certain to fuel the ongoing congressional debate over the central bank’s push to expand its authority over the U.S. financial system.
Monday, June 29, 2009
Bernanke is a Total Failure Unsuited for Role as Fed Chairman / Politics / Central Banks
By: Mike_Shedlock
Inquiring minds are reading Bernanke Flubs Tryout, Still Up for Leading Role by Caroline Baum.
Most often I agree with Caroline, but not this time.
Friday, June 19, 2009
The Federal Reserve System's Party Line / Interest-Rates / Central Banks
By: LewRockwell
I monitor statements by senior officials of the Federal Reserve System. There are supposedly "hawks" among the regional Federal Reserve banks – privately owned banks. These "hawks" oppose the "doves." The "doves" are always ready to inflate. The "hawks" are always ready to remind the "doves" that inflation may be a problem one of these days, but not yet. Then the "hawks" vote with the "doves" to expand the monetary base.
Wednesday, June 17, 2009
Obama's Blueprint for Reform Concentrates Still More Power in Hands of the Fed / Politics / Central Banks
By: Mike_Shedlock
The Washington Post has released a "near final" draft of Obama's financial reform proposals. As expected, the paper whitewashes the role of the Fed and Fractional Reserve Lending as well as the role of unfunded Congressional spending in creating the mess. Instead, Obama's plan gives more power to those responsible for creating the mess.
Thursday, June 11, 2009
U.S. Fed Hit by Subpoena - Fasten Your Seatbelt / Politics / Central Banks
By: Axel_Merk
The Federal Reserve was served a subpoena from a Congressional committee Tuesday, as lawmakers demanded documents related to Bank of America’s acquisition of Merrill Lynch. In our view, this is a precursor of more trouble to come for the Fed.
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Wednesday, June 10, 2009
America's Money Machine, the Federal Reserve Bank / Politics / Central Banks
By: LewRockwell
Elgin Groseclose, an eminent monetary economist in the 20th century, rips the roof off the Federal Reserve in this wonderful history that takes us from the Fed's founding to the 1960s. He shows that the gap between the promise and the reality is shockingly massive, so much so that the Federal Reserve must be considered one of the greatest failures in the history of public policy.
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Wednesday, June 10, 2009
Regional Central Banker Blows the Whistle on the Fed / Interest-Rates / Central Banks
By: LewRockwell
Thomas Hoenig is the president of the Federal Reserve Bank of Kansas City. In a recent speech, he laid out a scenario for what the Federal Reserve ought to do and what the U.S. government ought to do, and what will happen if they refuse. You can read it here.
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Thursday, May 28, 2009
Growing Accustomed to Fed Stupidity / Economics / Central Banks
By: LewRockwell
Richard Daughty writes: I knew that gold was doing okay, but I did not know how well exactly, although I knew that gold bullion was up about 3.5% from this time last year, which is better, and by a long shot, than almost anything else you can name, but which is not, I admit, very much.
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Saturday, May 23, 2009
U.S. Fed Forever Blowing Bubbles / Politics / Central Banks
By: LewRockwell
Bill Bonner writes: Yesterday…we ventured into “Bubble World.”
“What’s going on? When will this be over? How bad do you think it will get? What can we do to turn this around?”
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Monday, May 18, 2009
Audit the Fed, Then End It! / Politics / Central Banks
By: Dr_Ron_Paul
I have been very pleased with the progress of my legislation, HR 1207, which calls for a complete audit of the Federal Reserve and removes many significant barriers towards transparency of our monetary system. This bill now has nearly 170 cosponsors, with support from both Republicans and Democrats. Senator Bernie Sanders has introduced a companion bill in the Senate S604, which will hopefully begin to gain momentum as well. I am very encouraged to see so many of my colleagues in Congress stand with me for greater transparency in government.
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Wednesday, May 13, 2009
The Secrets of the Federal Reserve Bank Revealed / Politics / Central Banks
By: Global_Research
Bob Chapman writes: The Federal Reserve Act was legislated in 1913 to end recessions, panics and depression. Over that almost 100-year period they have been eminently no more successful then their predecessors. The Fed is a private corporation, which guides US monetary policy. Its staff is from Wall Street, banking, and transnational conglomerates and occasionally from academia. Of the 12 Federal Reserve banks the New York bank is the most powerful. The staffing of the Fed at the least is incestuous, because the member banks take part in the staffing, as they filter to the Fed what actions they should take.
Tuesday, May 12, 2009
Leftists Attack Critics of the Fed Money Printing Machine / Politics / Central Banks
By: LewRockwell
Tom Woods writes: Question Authority (Unless I Say Not To)Finally, I’ve been attacked – sort of.
So far the response to my book Meltdown, a free-market look at the financial crisis, has been almost eerily favorable. That’s very gratifying, to be sure, but criticism is what gets debate going and pushes a given subject matter beyond its typical confines.
Wednesday, May 06, 2009
Case Against the Fed and Fractional Reserve Lending Banking System / Politics / Central Banks
By: Mike_Shedlock
Fractional Reserve Lending (FRL) is fraudulent. Indeed, FRL in conjunction with micro-mismanagement of interest rates by the Fed is the root cause of the financial crisis we are in.
Unfortunately many do not see FRL for the fraudulent scheme that it is. Here are the most common defenses against the allegation of fraud.
Tuesday, April 21, 2009
Defending the U.S. FED’s Power With Myths / Politics / Central Banks
By: LewRockwell
Donald L. Kohn is a powerful man, as Vice-Chairman of the Board of Governors of the FED. He shouldn’t have this power. Nor should the FED have the power it has. Not under the U.S. Constitution. Not in a nation of free men and women. And not if we want a sound economy.
Monday, March 23, 2009
Alan Greenspan Attempts to Rewrite History on the Fed Housing Bubble / Housing-Market / Central Banks
By: Stephen_Lendman
He's back and in denial in a March 11 Wall Street Journal op-ed headlined: "The Fed Didn't Cause the Housing Bubble." He lied, the way he did throughout his career and for 18.5 years as Fed chairman. How else could he have kept the job, be knighted in the UK for his "contribution to global economic stability, wisdom and skill," then afterwards be extolled by the Money Trust he enriched. Read full article... Read full article...
Saturday, March 21, 2009
The Federal Reserve: The Greatest Scam in History / Interest-Rates / Central Banks
By: Bob_Kirtley
We first posted this article on 13th August 2007 when it appeared to us that the US Dollar along with the economy was heading into such dangerous waters that gold would be the beneficiary. At the time gold was trading at around $670/oz and it closed yesterday at $960 for a gain of $290 or 43.2%. Yesterday was the first time that we have seen the ‘ C ‘ word used as the Federal Reserve announced that it would be buying back $300 billion in longer-term Treasuries in order to assist the economic recovery. This move to buy these Treasuries is regarded by many as a last resort or a sign of panic as the turmoil in the financial markets reaches a crisis point.Read full article... Read full article...
Tuesday, March 17, 2009
The Federal Reserve is Bankrupt / Politics / Central Banks
By: Global_Research
How Did It Happen and What are the Ugly Consequences?
Matthias Chang writes: The Federal Reserve is bankrupt for all intents and purposes. The same goes for the Bank of England! This article will focus largely on the Fed, because the Fed is the "financial land-mine".
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Wednesday, March 11, 2009
U.S. Housing Bubble, Alan Greenspan Still Hasn't Got a Clue / Politics / Central Banks
By: Tim_Iacono
On the same day that his successor signaled dramatic policy changes that would see the Federal Reserve "take away the punchbowl" before inflating yet another asset bubble, radically altering the way financial market regulators operate in the process, former Fed chairman Alan Greenspan was readying yet another in a long series of op-ed pieces aimed at defending his legacy. He didn't cause the housing bubble, or so he says.
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