News — FED

Did The FED Rig The Financial Markets?

Posted by Dirk Watters on

For many decades, the Federal Reserve has rigged the bond market by its purchases of mortgage backed securities. And for about a century, central banks have set interest rates (mainly to stabilize their currency's exchange rate) with collateral effects on securities prices. It appears that in May 2010, August 2015, January/February 2016, and currently in February 2018 the Fed is rigging the stock market by purchasing S&P equity index futures in order to arrest stock market declines driven by fundamentals, and to push prices back up in keeping with a decade of money creation. No one should find this a...

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Will Obama Nominated Federal Reserve Appointee Be Similar To Janet Yellen?

Posted by Brock Bowers on

Economists think the former Obama appointed governor of the Federal Reserve Jerome Powell will have a similar monetary policy to Democrat Janet Yellen. In fact, they are banking on it. That is not an unreasonable view. Mr. Powell isn't even an economist with strongly held views and he's never deviated publicly from Ms. Yellen on interest rate and economic issues. For many publicly vocal economists, that points to continuity. A new paper says taking on the mantle of Federal Reserve can have unexpected effects on individuals. Political imperatives and institutional factors often overrun policy makers' long-held views, says Alexander Salter...

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Powell's Past Disqualifies Him From Leading The Fed

Posted by Brock Bowers on

Can a man with a checkered past be trusted to lead the Fed? Powell would be the first Fed Chairman in over 30 years without a degree in economics. His formal training is in law. Apparently, economists are not to be trusted. Newsflash: Neither are liberals, especially "moderate" ones. Who is Jerome Powell?  Powell may not be an economist, but he certainly knows his way around an investment bank! Before being picked by Obama in 2012 to be a Fed governor, he made a fortune with the Carlyle group, the world's largest private equity firm. These two facts pose big problems!...

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Fed Games - Behind The Senate Vote On Your Right To Sue Banks

Posted by Dirk Watters on

The Senate voted Wednesday to kill the rule allowing consumers to sue financial institutions.  The vote included both republicans and democrats...  It’s tempting to say that any bill backed by Wall Street banks must be a bad thing.  And in many cases, that’s true.     But things are often more complex than they appear to be...  Unwinding 8 years of Obama's liberal policies  Sometimes the good in a law or agency is vastly outweighed by the bad.  And the Consumer Financial Protection Bureau (CFPB), a creature of the Obama administration, allows consumers to sue financial institutions.  That part of the...

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Bitcoin THREATENS Global Currencies

Posted by Brock Bowers on

Russian president Vladimir Putin is master spy and a professional liar, which means he knows a lie when he hears one…   And Head IMFer Christine Lagarde told a whopper at the 20th Anniversary of the Bank of England Independence Conference in London on September 28, 2017.   She opened with a soft fib about Bitcoin and cryptocurrencies in general when she offered that cryptocurrencies may pose a challenge to “in the future” (whenever that is or might be).   But, like any good globalist politician, she speaks several languages fluently, out of both sides of her mouth…   Lagardes’...

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