Our revolutionary war was caused by the Bank of England. On and on you can see the manipulation of money supplies and debt behind crisis after crisis.
Until we start teaching the real history of the world and that means teaching about money supply and debt and international banking and the power it has in governments [...]
If the global community is recovering but, not lending to us, then all the money we get will be “printed” but without value and thus, we have the possibility of a “hyper-inflation” depression like Zimbabwe is having now. Yes, you can have a depression with a worthless currency that nobody wants.
Is that possible? Yes. Is [...]
By Greg Morcroft
U.S. financial shares fell broadly Wednesday, pulling back after an influential
Oppenheimer & Co. analyst said that banks will need to raise lots of additional
capital this year - and likely will face further credit downgrades as a result.
“From July 2007 to date, over $5 trillion worth of securities have been
downgraded, but [...]
If the fed inflates the money supply but, money velocity is dropping, then it negates the power of inflation (money supply, not prices).
For 130 years we had stable prices with some going up and some going down but, deflation was not a big issue like it was after 1913 and the Federal Reserve Act.
As someone [...]
However, to get to that point, requires a depression first. People have to save and have enough in savings to spend during down periods instead of have government spend for them. Savings acts as a damper and minimizes booms and busts. The savings during the up time, reduces the potential for “irrational exuberance,” and the [...]
Prosecutors File Brief In Support Of Revoking Madoff Bail
Last Update: 1/6/2009 8:23:09 PM
By Chad Bray
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–Prosecutors filed a brief late Tuesday with a federal
magistrate judge in Manhattan in support of their motion to revoke bail for
disgraced financier Bernard L. Madoff.
However, the brief wasn’t [...]
Facts About Refund Anticipation Loans
SANTA BARBARA, Calif., Jan 06, 2009 (BUSINESS WIRE) — With income tax season
beginning, many taxpayers are exploring the use of Refund Anticipation Loans
(RALs) as a means to obtain the proceeds from their anticipated income tax refund
as quickly as possible. Unfortunately, many sources of information on RALs
provide an unbalanced representation of their [...]
List Of Entities Announcing Exposure To Madoff Investments-2-
Last Update: 1/6/2009 3:30:00 PM
The following entities have announced exposure to Bernard L. Madoff Investment
Securities LLC, the New York-based business that allegedly lost $50 billion in a
giant pyramid scheme.
Entity: Bard College
Exposure: $3 million
Date of disclosure: Jan. 6
[...]
To address the problem of banking panics
To serve as the central bank for the United States
To strike a balance between private interests of banks and the centralized responsibility of government
To supervise and regulate banking institutions
To protect the credit rights of consumers
To manage the nation’s money supply through monetary policy to achieve the sometimes conflicting goals [...]
NEW YORK (Dow Jones)–U.S. investment-grade companies seized the opportunity to
sell debt Tuesday, including a $4 billion 30-year bond offering from General
Electric Capital Corp. that will not carry a government guarantee.
The bonds launched carrying a risk premium of 400 basis points over Treasurys,
which would give them a yield of approximately 7.07%.
On Monday, GECC, the financing arm [...]
WASHINGTON (Dow Jones)–As the House Financial Services Committee conducted its
first hearing Monday into the failures of the Securities and Exchange Commission
to uncover Bernard Madoff’s alleged Ponzi scheme, the U.S. Senate Banking
Committee began its own probe into the matter.
In a three-page letter sent to the SEC chairman, Senate Banking Committee
Chairman Christopher Dodd, D-Conn., and Ranking Member [...]
Special Report: Global Financial Crisis
BEIJING, Jan. 6 (Xinhua) — Amid waves of job cuts worldwide, China has embarked on active measures to minimize job cuts and has pledged to boost employment this year.
The financial crisis continues to hurt the fourth largest economy and pushed many enterprises to cut their headcounts.
The following provinces are among the [...]
It would be interesting to see how the price difference relates to what the artist / songwriter ultimately gets for the song purchased.
SAN FRANCISCO (MarketWatch) — Apple Inc. on Tuesday made its last appearance at the annual Macworld conference, releasing a new version of its MacBook Pro notebook and announcing pricing and copy protection changes [...]
While most of America was busy trading home equity for a TV, RV, and SUV, I was busy renting apartments and driving an economy car. I refer to it as “living beneath your means”.
When I saw things going down in 2006, I sold everything and “de-leveraged” into one house (which is now completely paid for). [...]
They have always been (for the past 100 years, anyway) so dumb they would sell your kid to science for a freshly printed $1 from a crooked banker.
Congressional stupidity is how the private Federal Reserve gets away with printing cash to bankroll the pre-WWII Japanese navy, the lion’s share of Hitler’s war machine, and finally [...]
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