Mar 052015
 
    WASHINGTON—The Federal Reserve Bank of New York, once the most feared banking regulator on Wall Street, has lost power in a behind-the-scenes reorganization at the nation’s central bank. The Fed’s center of regulatory authority is now a little-known committee run by Fed governor Daniel Tarullo , which is calling the shots in oversight of banking titans such as Goldman Sachs Group Inc. and Citigroup Inc. The new structure was enshrined in a previously undisclosed paper written in 2010 known as the Triangle Document. Under the new system, Washington is at the center of bank supervision, exercising control over the Fed’s 12 reserve banks, much as the State Department exerts control over embassies. The power shift, initiated after the financial crisis and slowly put in place over the past five years, is more than a bureaucratic change. It influences how the biggest banks on Wall Street are overseen and has begun to affect regulation in unanticipated ways across the Fed system. Read more at: http://economictimes.indiatimes.com/articleshow/46469370.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Jun 202011
 
National Inflation Association June 20, 2011 When the U.S. Bureau of Labor and Statistics (BLS) reported their latest consumer price index (CPI) inflation data last week, everybody in the mainstream media worked tirelessly to spin the data in order to proclaim that U.S. price inflation is not a problem. Most articles in the media reported that inflation slowed in May due to falling gas prices. The truth is, gas prices rose last month and U.S. price inflation is spiraling out of control. Price inflation based on the CPI on a year-over-year basis rose during the month of May to 3.57%, up from 3.16% in April, 2.68% in March, 2.11% in February, 1.63% in January, 1.5% in December, and 1.1% in November. The official rate of price inflation has more than tripled over the past 6 months. Yes, maybe the rate of year-over-year price inflation rose by slightly less in May over April, than it did in April over March, but this isn’t good news at all. This U.S. dollar is still rapidly losing its purchasing power and the rate at which it is declining in purchasing power is accelerating. On an unadjusted basis, gas prices rose 3.6% in the month of May. The media is reporting gas prices based on the BLS’s seasonal adjustments. Only with the BLS’s deceptive seasonal adjustments did gas prices decline by 2% in the month of May. The BLS’s seasonal adjustments will actually reverse starting in the month of July and add to reported gasoline prices. NIA predicts that come August when the BLS releases its July CPI report, the media will begin focusing on unadjusted gasoline prices because the unadjusted gain will be less than the adjusted one. The media always reports the data that supports their agenda and ignores the data that works against it. The media is obviously just saying what the U.S. government wants them to say. Larry Summers, a Keynesian economist who served for 5 years last decade as President of Harvard and was up until late-2010 director of President Obama’s White House National Economic Council, just said last week that, “the underlying rate of inflation is still trending downwards”. The media’s favorite economist Paul Krugman, a Keynesian who has an op-ed column in the New York Times, said last week that, “There’s really nothing here to shake my view that deflation, not inflation, is the threat.” Krugman, who has (more…)
Jun 132011
 
In this new video release, “as a first step,” Anonymous has called for public protests beginning on June 14th, continuing “until Federal Reserve Chairman Ben Bernanke steps down.” To make their case, they have presented a list of recent scandalous Federal Reserve actions. httpv://www.youtube.com/watch?v=XySGw-g2tyk   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Jun 092011
 
http://english.alrroya.com/content/economic-statistic-us-elites-keep-%E2%80%98hush-hush%E2%80%99 Monday, 6 June 2011  at  12:40, By Ron Robins, Founder & Analyst – Investing for the Soul It is a simple statistic that continues to warn of huge economic problems ahead for the US. Some economists call it the ‘marginal productivity of debt (MPD).’ It relates the change in the level of all debt (consumer, corporate, government etc.) in a country to the change in its gross domestic product (GDP). However, due to the message it is delivering, most US economists employed in financial institutions, governments and private industry, as well as financiers and politicians, want to ignore it. And for the US economy and government finances, the MPD (and related variants of it) is continuing to indicate extremely difficult economic times ahead. I have vague recollections of the MPD concept from my economics classes long ago. But I was re-introduced to it around 2001 by a renowned economist who, during the following few years prior to his passing, became alarmed as to the MPD path of the US. His name was Dr. Kurt Richebächer, formerly chief economist and managing director of Germany’s Dresdner Bank. Dr. Richebächer, was so respected that former US Federal Reserve Chairman, Paul Volcker once said of him that, “sometimes I think that the job of central bankers is to prove Kurt Richebächer wrong,” reported the online financial journal, The Daily Reckoning on May 15, 2004. Investigating Dr. Richebächer’s concern further, I wrote an article on my Enlightened Economics blog on January 23, 2008, titled, Is the Amazing US Debt Productivity Decline Coming to a Bad End? I found that, “for decades, each dollar of new debt has created increasingly less and less national income and economic activity. With this ‘debt productivity decline,’ new evidence suggests we could be near the end-game… ” Another way of viewing the debt productivity problem is to look at it in terms of how many dollars of debt it took to help create total national income, which is the wages, salaries, profits, rents and interest income of everyone. Again, from my above mentioned article, which quotes Michael Hodges in his Total America Debt Report, that, “in 1957 there was $1.86 in debt for each dollar of net national income, but [by] 2006 there was $4.60 of debt for each dollar of national income – up 147 per cent. It also means this extra $2.74 of debt per dollar of national income (more…)
May 312011
 
Robin’s Alive: The Deadly Game Between The House of Rothschild and Freedom-Loving America by William Dean A. Garner | Friday, April 9, 2010 “So you see, my dear Coningsby, the world is governed by very different personages from what is imagined by those who are not behind the scenes.” —Benjamin Disraeli, in his 1844 novel Coningsby Thomas Jefferson founded the United States of America and first conceived then drafted our Declaration of Independence, a clean and forever break from a usurious and vindictive Meyer Amschel Rothschild and the England of servants he controlled. While we appear to have won the American Revolution, the banking House of Rothschild crossed the finish line a furlong ahead of the US and established through their US agent, Alexander Hamilton, the first central bank in our country, the First Bank of the United States, a private bank wholly owned and controlled by Rothschild.[1] That simple treasonous act alone immediately plunged the US into abyssal debt, not to mention firmly established the House of Rothschild’s reign of terror over America and her people. This Game of Robin’s Alive Prudent men must be on their guard in this game of Robin’s Alive[2] and take care that the spark does not extinguish in their hands. I am an enemy to all banks discounting bills or notes for anything but coin. But our whole country is so fascinated by this Jack o’ lantern wealth, that they will not stop short of its total and fatal explosion.5] The Revenge of the House of Rothschild Nathan Meyer Rothschild When the First Bank’s charter was not renewed by the US in 1811, Nathan Meyer Rothschild reportedly ordered that the Americans be severely punished. Hence, the War of 1812 during which the Rothschild-controlled British army, on August 24, 1814, destroyed both the White House and Capitol, among other government buildings. Two years later, President James Madison capitulated, and the Second Bank of the United States was established, thus frustrating the US’s continual attempts to dislodge the House of Rothschild from American soil. During the early 1800s, the Rothschild banking family’s five sons established large banks in five different countries:[6] Solomon Meyer in Austria, Nathan Meyer in England, James Meyer in France, Amschel Meyer in Germany, and Carl Meyer in Italy.[7] In short time, they expanded their banking empire by making large loans to governments, installing central banks in different countries, setting up income (more…)
May 172011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=iqeTComdm5A How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 162011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=4GH4OElpZtM How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 162011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=6MwHgpFSQMo How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/ How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 162011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=vH1M1QaM6SY How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
May 162011
 
Bailouts, stimulus packages, debt piled upon debt, where will it all end? [Editors Note: Its time for another dose of what is really happening in our economy.  Its all about debt!  So here it is in 10 minute doses.  don’t miss an episode. – Michel] httpv://www.youtube.com/watch?v=0-O_yGEI_0U How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers? And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt! Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era. http://www.moneyasdebt.net/   Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)