Goldman: Real Cost Of Fed “Easing” Will Exceed $2 Trillion
Goldman Sachs anticipates that the real cost of the second round of quantitative easing will be in excess of $2 trillion and will continue well into 2012, while other prominent economists have denounced the Fed’s actions.
• This Is The Most Shocking Part Of Bernanke’s Case For Quantitative Easing
• European Central Bank Keeps Rates at Record
• Oil tops $86 on weak dollar, Fed stimulus
Did Somebody Just Try to Buy the British Government?
Wow, oh wow. Here’s one for your Double Plus WTF? file folder.
Video Footage Of Protests In Ireland, Ministry Of Finance Besieged
Contrary to convention wisdom, while Irish bond yields were surging to all time highs, the local population was not merrily drinking itself into oblivion, but was taking matters into its own hands.
Creation of Debt As The Basis For Growth
The UK, Europe, the US and Canada are different degrees of welfare states. By way of regulation, government controls via taxation. The states and their inhabitants send taxes to Washington, which takes its cut and sends funds back to the states with strings attached.
• Gold Gains as Dollar Weakens on Fed; Silver Reaches 30-Year High
• Another Nobel Economist Says We Have to Prosecute Fraud Or Else the Economy Won’t Recover
In a White House press conference Wednesday, President Barack Obama did not rule out using regulations issued by the Environmental Protection Agency to cap carbon emissions in the United States without an act of Congress.
New Republican House Promises Investigation Of Global Warming Fraud
One of the first tasks of the new Republican-controlled House of Congress will be to launch a full investigation into the man-made global warming fraud, as the climate change con that threatens to tax and regulate the American middle class out of existence is exposed to what could prove terminal scrutiny.
Ron Paul talks ending the Fed with help from Senator Rand Paul on Fox Business
Well, to be quite fair Ron Paul said they talked about introducing a bill to end or audit the Fed on their first day in office together. Here is the entire long and excellent interview with David Asman on Fox Business channel.
• 9 Reasons Why Quantitative Easing Is Bad For The U.S. Economy
• Bernanke Confirms That The Key Goal Of The Fed, And QE2, Is To Boost Stock Prices
The Demonization Of The Tea Party Movement
Once upon a time, news anchors at least attempted to conduct themselves in a professional manner. But on election night 2010, quite a few of the anchors on the various news networks threw all standards of professionalism right out the window and did everything they could to demonize the Tea Party movement.
Presenting The Fed’s Balance Sheet Through 2012 – Fed Will Surpass China As Top Holder Of US Debt By The End Of The Month
As is all too well known by now, starting over the next few days, the Fed will commence purchasing $75 billion in Treasury securities monthly until the end of June, and will buy an additional $35 billion in Treasurys to make up for declining holdings of MBS (due to repurchases).
• Federal Reserve Policy IS Working … Just Not For America
US Border Police Just Discovered An 1,800-Foot Drug Tunnel Linking California And Mexico
U.S. border police have discovered “a sophisticated smuggler’s tunnel the length of six football fields linking Southern California with Mexico,” Reuters reports.
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