Ben Bernanke Opposes Spending Cuts
Federal Reserve Chairman Ben Bernanke told members of the House Financial Services Committee March 2 that even mild cuts in spending could cost the economy 200,000 jobs, and offered a bizarrely...
Economics
Obama Borrowed An Extra $30,000 Per Household In Two Years
On the heels of last week’s report that interest on the $14.13 trillion national debt will quadruple in the next decade, we now learn how much means for the average American...
Fed Uses Accounting Gimmick to Hide Losses
The Federal Reserve announced that it would use a new accounting trick to conceal potential losses on its massive investment portfolio, transferring its liabilities to the U.S. Treasury instead. The new...
Utah Could Use Gold, Silver Under Sound Money Act
In light of the U.S. dollar’s continual loss of purchasing power and the historical stability of precious metals as a store of value, a new bill set to be considered in...
Virginia Considers Dollar Collapse, Gold Currency
In a stark illustration of the economic fears still plaguing America, a resolution was introduced in the Virginia legislature on January 12 that would create a subcommittee to officially consider the...
Bernanke Hints at More “Quantitative Easing”
Stocks retreated and commodities predictably soared Monday after Federal Reserve Bank Chairman Ben Bernanke told CBS's 60 Minutes that “it's certainly possible” the Fed could create additional “quantitative easing” beyond the...
G-20 Summit Witnesses Tense Debates
As world leaders have gathered in Asia for the Group of 20 (G-20) summit to discuss measures to revitalize the frail global economy, tensions have risen over struggling currencies and trade....
Geithner Vows U.S. Will Not Devalue Dollar
The United States would never, ever consider devaluing the dollar for export advantage, Treasury Secretary Timothy Geithner assured an audience of Silicon Valley business leaders in Palo Alto on October 18....
More Issues with Economic Stimulus
The Associated Press reports that a government investigator has discovered that 89,000 stimulus payments of $250 went to people who were either dead or in prison. The 89,000 payments were among...
How Paul Krugman Would Handle Debt
Nobel prize-winning economist and Princeton Professor Paul Krugman provided the Associated Press with some unpleasant commentary on the huge debt that Americans and their institutions owe now. Krugman argues that eventually...
Obama Chief Economic Adviser Summers Resigns
In the midst of speculation over possible changes to President Obama’s economic team, the chair of the National Economic Council, Lawrence Summers, announces his plans to resign his position at the...
Basel III and Sound Banking
The global regulation of banks took a major leap forward with the conclusion on September 12 of a round of talks held at the Bank of International Settlements (BIS) in Basel,...
The Emerging Global Fed
The Federal Reserve has been a nightmare for the American people. It inflates the money supply, thereby devaluing already-existing money and placing a massive hidden tax on the people via rising...
Waking up to a World Currency
If all the advocates of a world fiat currency (a currency not backed by a precious commodity like gold) were to scream at once, workers in world capitals, business centers, colleges,...
Comic Books From the Federal Reserve
Facing more scrutiny than its leaders have ever wanted, the Federal Reserve responded beginning in 2009 with a campaign designed to tell everything the Fed thinks the American people ought to...