Federal Reserve officials are considering a new type of quantitative easing that will allegedly attempt to boost the economy without accelerating inflation. Under the new approach, the Fed would print new money to buy long-term mortgage or Treasury bonds but effectively tie up that money by borrowing it back for short periods at low rates. And if you believe that will work, I've got a bridge to nowhere I think you'll be very interested in purchasing...Read more »
Corrected data illustrates massive inflation, and possible true motivations of the founding fathers?Read more »
The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today.Read more »
Taking a cue from Harry Browne, the firm responsible for managing the endowment that pays the bills for the University of Texas has invested nearly a billion dollars in gold bullion as a hedge against inflation. Board members specifically cited concern over the Federal Reserve's unreserved printing of paper dollars as a motivation for the purchase.Read more »
If you want to drive a rational economic-type of person crazy, simply mimic Fed Chairman Ben Bernanke's willful refusal to acknowledge seemingly obvious inflationary trends.
You can start by quoting Dr. Bernanke's observations on the ramp in commodity prices, made Monday night:
"I think the increase will be transitory, that it will pass, and we will go back to a level of inflation that is consistent with our price stability mandate."Read more »
30 Quotes from Ben Bernanke over the past several years showing his view of the economy and just how far off the mark he has been. Enjoy!Read more »
World food prices hit a new record high in January after rising for a seventh consecutive month, the UN's Food and Agriculture Organisation (FAO) said Thursday, warning the poor would be hit hardest.
The FAO Food Price Index, which monitors monthly price changes for a basket of commodities, averaged 231 points in January -- up 3.4 percent from December and its highest level since FAO started measuring food prices in 1990.Read more »
Awesome animation explaining the FED and fractional reserve banking. It's 30 minutes long and well worth the watch! After watching it, I'd say it is pretty much a summary of a documentary made in 1996 called "The Money Masters", of which can be seen by searching for it on google video. Although a bit longer (3 hrs) its also worth the watch.Read more »
WASHINGTON (Reuters) - A string of Federal Reserve officials on Tuesday indicated the central bank will soon offer further monetary stimulus to the economy, with one saying $100 billion a month in bond buys may be appropriate.Read more »
Agricultural Raw Materials are up 24%, The Mineral Index is up 25%, The Metals Price Index is up 26%, Coffee is up 45%, Barley is up 32%, Oranges are up 35%, Beef is up 23%, Pork is up 68%, Salmon is up 30%, Sugar is up 24%, Wool is up 30%, Cotton is up 40%, Palm oil is up 26%, Hides is up 25%, Rubber is up 62%, Iron Ore up 103%. Those are prices at the wholesale level.Read more »
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