ben bernanke

The Federal Reserve announced that it would buy $40 billion every month in mortgage-backed securities until the labor market improves substantially.  The program, dubbed “QE3″, was called a “revolutionary shift in the Fed’s policy reaction function,” by senior economist at BMO Capital Markets in Toronto, Michael Gregory.  Helicopter Ben Bernanke’s new economic stimulus plan involves printing vast sums of [...]

Ron Paul delegates picked up 21 of the 25 unbound seats from the state of Iowa over the weekend.  Paul looks likely to have about 200 delegates on the floor in Tampa for the Republican convention that are able to vote for him and more importantly making a significant, positive contribution to the 2012 Republican [...]

What is the January 2013 Tax Bomb?  If President Obama and Congress fail to act this year, an enormous, unprecedented tax increase will fall on American taxpayers starting on January 1, 2013. The Washington Post called the looming tax increase “Taxmageddon,”  and Federal Reserve chairman Ben Bernanke called it a “massive fiscal cliff.”  Of course [...]

Nobel Prize recipient in economics, Paul Krugman, embraces the idea that more money printing can save the world stating, “Higher expected inflation would aid an economy.”  Barack Obama embraced this philosophy with his 2008 Keynesian  800 billion dollar stimulus package.  The hope was to sacrifice inflation and government debt for the promise of 4 million jobs.  [...]

At the latest Federal Reserve board meeting, the consensus is that the U.S. economy is improving (HUH?) and interest rates will remain at record lows.  Well, that makes sense-banks are loaning money to individuals at low levels too, between 4-5%.  The Federal Reserve must be loaning money to central banks at a similar rate, right?  [...]