federal reserve

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 [...]

How ironic, the U.S. national debt blows by a historic $16 Trillion during the Democratic National Convention (DNC).  U.S. government debt reached $16 trillion for the first time after rising $1 trillion since November, according to Treasury Department data.  The Democratic Party’s 2012 platform calls for future deficit reduction to exclusively come from tax hikes on [...]

Almost every week there’s a story in the news about a huge hurricane, earthquake, fire, or flood.  While there’s no way to tell ahead of time when a disaster will strike or how bad it will be, we can still prepare.  One of the best things we can do now to help protect ourselves and [...]

In case you missed it, our government perpetrated a crime against its citizenry recently by scooping up an American off the street and holding him indefinitely without charge for exercising his right to free speech.  This is truly frightening and clearly illustrates just how close to that edge of despotism we are currently teetering.  Glenn [...]

Senator Harry Reid (D) said that the Tea Party movement will not last and will lose some seats in Congress in the November 2012 elections. Reid said as long as he is the Senate majority leader, the Tea Party is dead in the water.  He said, “The Tea Party will disappear as soon as the [...]

It’s an important week with Congressman Ron Paul’s Audit the Fed bill, H.R. 459, being voted on this Tuesday, July 24, in the U.S. House of Representatives.  This is an exciting move because the bill is being introduced under a “suspension of the rules.”  What this means is supporters must have a two-thirds majority to allow passage.  The [...]

The whole thing should have been revealed as a scam right from the start when Paul Warburg was appointed to the first Federal Reserve Board.  We were supposed to believe that he gave up $500,000/year for a mere $12,000.  Maybe worse is that the first Chairman of the New York Federal Reserve Bank during the crucial [...]

Senator Aldrich issued confidential invitations to what the press said was a duck-hunting expedition in Jekyl Island, Georgia where they would write the final recommendations of the National Monetary Commission report.  The secrecy of this meeting was well warranted, at stake was the future Federal Reserve system and thus control over the entire economy.  Present in this group, [...]

From the earliest days, our Founding Fathers have been conscious of attempts to control America through money manipulation, and they carried on a running battle with the international bankers.  Thomas Jefferson wrote to John Adams:  “…I sincerely believe, with you, that banking establishments are more dangerous than standing armies…”  A couple of central banks were [...]

In order to understand the Federal Reserve System it is necessary to have some rudimentary knowledge of banking in general and international bankers in particular.  Quite simply, the mission of every bank is to create debt.  Depositors’ money is loaned AT INTEREST back to them.  Essentially, banks profit using money that does not belong to [...]