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Federal Reserve

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Student Loan Debt Explodes, Climbing 275% Since 2003

New data released today by the Federal Reserve shows, while general consumer debt has decreased in the first quarter of this year, student loan debt in particular continues to aggressively increase. Overall student loan debt has skyrocketed in the past 10 years, rising by 275%. According to the Federal Reserve, …

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Wake Up Call – 05/28/12

Jim Grant’s Critique Of The Federal Reserve A talk, highly critical of the Fed given by Jim Grant to members of the Federal Reserve Board of New York earlier this year. It is a stunning indictment of the institution and the satisfaction to be had is that of knowing that …

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Matt Stoller – Over 99% of Federal Reserve Bank Enforcement Actions Are Resolved Without Admission of Guilt

In a hearing last week titled “Examining the Settlement Practices of U.S. Financial Regulators”, various regulators tried to justify their practice of settling with financial firms and not requiring them to admit wrongdoing. In that hearing, Federal Reserve General Counsel Scott Alvarez, stated that only seven of the roughly one thousand enforcement actions taken in the …

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The Wake Up Call – 05/25/12

  They’re Turning The Screws On You, Slowly But Surely A clip of Obama preposterously claiming to be the fourth-best president of the U.S.A. and “Turbo” Timmy Geithner the second-best Treasury Secretary. An introduction to the despicable Federal Reserve, in preparation for Memorial Day’s talk by Jim Grant to members …

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Wake Up Call – 05/07/12

The Evils Of Central Banking Why do we allow these toxic institutions? They destroy economies, support their friends in commercial banking to the detriment of everyone else and create inflation and debased currencies. Two previous central banks in the U.S. lost their charters. How long will it be before the …

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Gary Null, PhD, and Jeremy Stillman – Solar Storms: Katrina Times 1,000?

We have learned nothing since Katrina. Our decrepit water and gas systems have been around for sixty to eighty years. Our roads, bridges and tunnels and levees are in a state of abject disrepair. We have not taken the crucial step of constructing emergency facilities in our cities and towns. Besides putting many people to work, building these facilities would provide some semblance of civility during a time of crisis. People would be able to take refuge and have access to medical clinics and food banks. The current response network that relies on the Red Cross, FEMA and the National Guard during times of crisis is dangerously inadequate.
Now imagine that something could dwarf all of this; something that could kill tens of millions of Americans and cause at least half of America to experience life as if they were living in a Mad Max film. Imagine that a gigantic mass of plasma is released from the sun and heads directly for the Earth. Even though we have been assured that we can withstand such an event, the power of this coronal mass ejection overwhelms our electric grids and fries our power substations rendering them beyond repair. Our communications satellites are also severely damaged during the solar event and are unable to function. We are not told what has happened. When we pick up our phones, there is no dial tone. When we turn on the radio, we hear nothing. We head out to the street to ask our neighbors what has happened but nobody seems to know. The first inconvenience we notice is that our air conditioning is not working during the stifling heat of a warm summer day. Or worse still, our heat has been cut off as temperatures dip below thirty degrees.

The Gary Null Show – 03/26/12

On today’s show, Gary talks about why it is now illegal to feed the hungry, how your new HDTV is spying on you, 10 things every American should know about the Federal Reserve, and delusions of power (Obama is no Gandhi). Guest Professor David Haskell teaches ecology and evolutionary biology …

[Podcast] Wake Up Call – 03/09/11

The Inexcusable Errors Of Judgment Over-investment in expansion by retailers, outrageous loans by banks to those who could ill-afford them, a Federal Reserve shamelessly goosing the money supply to protect the banks, credit cards and student loans doled out to those who don’t have a prayer of a hope of …