US Federal Reserve - Page 2 of 10

The Fed is Steering the Economy into Deflation - Page 2 - Politics, Business, Civil, History - Posted: 15th Jul, 2010 - 4:19am

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Post Date: 27th Jun, 2009 - 6:18pm / Post ID: #

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US Federal Reserve - Page 2

This really shows the power of the Federal Reserve Bank.

Bernanke Threatens Economic Collapse If Fed Audited
Aaron Dykes, Friday, June 26, 2009
Federal Reserve chairman Ben Bernanke unleashed an alarming veiled threat of financial terrorism when he was questioned by Rep. Duncan on Thursday about his response to the fact that a majority of Congress co-sponsoring Ron Paul's H.R. 1207 bill to audit the Federal Reserve.

Bernanke clearly regarded the bill's intent as hostile to the institution he represents:

"My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation."

The brunt of Bernanke's statement is as crystal clear as a threat from a common street thug- back off from the Fed, or the economy gets it.

The chairman clearly implies that any attempt to restore monetary powers constitutionally granted to the Congress would be seen as a 'takeover" and that the defensive and "repudiated" Fed would respond destructively.

Source 5

Here's an article from Campaign for Liberty website:
The fact is, the history of the Federal Reserve is one that can be easily summarized with a foggy picture of Soviet-style central planning causing major booms and busts since the entity's inception in 1913. For example, in a recent WNO interview, Dr. Paul characterizes the Federal Reserve as being the creator of "the inflation of World War I, the depression of 1921, the inflation of the 1920s, and the Depression of the 1930s and on and on."

Paul compares these events -- each caused at least in part by the Fed's loose money policies -- to the current situation with the credit and housing crises, which have put the nation into a deep recession.

The purpose of the Paul bill, now gathering support, is to help Congress and the American people prevent another financial disaster due to the Fed's constant policy of offering loose credit and encouraging bad lending practices. Plus, it will enable Congress to keep an eye on the current bailout money in order to prevent abuse and fraud.

One issue the bill's sponsors on either side of the aisle seem to be in lockstep agreement on: the government-granted monopoly over one of the most important units of currency is way too much power to leave to an unelected body that, in one swift action with the printing press, could destroy a nation.

Now the former 2008 Presidential candidate, who was characterized in the media as being insane for bringing up reform in the area of monetary policy, is finding plenty of support. Or as Dr. Paul said in his interview, all of a sudden more than a quarter century after he first proposed it, ". . . Now it is popular to get transparency of the Fed."

Source 6
This is the man that should have been president, but the mainstream media either ignored or mocked him. After Bernanke's threatening message, I think Dr. Paul should be watching his back!

More on HR1207: Source 4

Attached Image Edited: FarSeer on 27th Jun, 2009 - 6:19pm

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Post Date: 11th Jul, 2009 - 12:04pm / Post ID: #

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Reserve Federal US

When Will the Recovery Begin? Never
By Robert B. Reich

This economy can't get back on track because the track we were on for years -- featuring flat or declining median wages, mounting consumer debt, and widening insecurity, not to mention increasing carbon in the atmosphere -- simply cannot be sustained. Ref. Source 7

Post Date: 22nd Jul, 2009 - 11:54am / Post ID: #

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US Federal Reserve History & Civil Business Politics

US interest rates to 'remain low'

US interest rates are likely to remain at "exceptionally low levels" for some time, the head of the US Federal Reserve, says. Ref. Source 6

Post Date: 13th Aug, 2009 - 11:28am / Post ID: #

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Page 2 Reserve Federal US

Fed says it will end debt-buying program

WASHINGTON (AP) - The Federal Reserve is delivering a vote of confidence in the recovery, saying economic activity is "leveling out." The central bank also signaled that it would soon end one of its programs aimed at propping up the economy. The Fed said it would gradually slow the pace of its program to buy Treasury securities so that it will shut down at the end of October, versus September. Ref. USAToday

Post Date: 13th Aug, 2009 - 6:18pm / Post ID: #

US Federal Reserve
A Friend

Reserve Federal US

I hope that by then we are showing more signs of recovery. IF not I wonder if that is going to help or hurt us when they stop buying.

Post Date: 4th Nov, 2009 - 8:23pm / Post ID: #

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US Federal Reserve

FR Leding Rate

WASHINGTON (AP) - The Federal Reserve on Wednesday held its bank lending rate near 0% and again pledged to keep it there for an "extended period" to foster the fragile economic recovery. The Fed also said economic activity has "continued to pick up" and that the housing market also has grown stronger, a key ingredient to a sustained recovery. Ref. USAToday

Post Date: 19th Feb, 2010 - 4:25pm / Post ID: #

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Page 2 US Federal Reserve

Global markets fall on Fed move

World stock markets fall after the US Federal Reserve surprised investors by increasing interest rates for emergency bank loans to 0.75%, from 0.5 percent Ref. Source 4

Post Date: 15th Jul, 2010 - 4:19am / Post ID: #

NOTE: News [?]

US Federal Reserve - Page 2

The Fed is Steering the Economy into Deflation
By Mike Whitney

It's a political calculation that will keep unemployment high, increase excess capacity, and deepen the recession. C.P.I. Continues to fall, bank lending is down 4 percent year-over-year, housing prices are slipping, business investment is off, and consumer credit continues to shrink. Ref. Source 7

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