Below you'll find a list of all posts that have been tagged as “Federal Reserve System”
The critics of Obamacare have been proven right. The Obama administration promised that health insurance premiums would go down. Instead, they have absolutely skyrocketed. The Obama administration promised that Obamacare would not kill jobs. Instead, firms are hiring fewer workers because of suffocating health care costs. As you will see below, even the Federal Reserve is admitting this. The Obama …
Let’s turn our attention to the global economy. Last week the Bank of England said it would buy 60 billion pounds of government debt in order to cushion the economy against the impact of the recent Brexit vote. England and the European Union are emulating the quantitative easing (QE) policies of the US Federal Reserve but so far without any …
When it comes to collecting on student loans, the U.S. Department of Education treats college dropouts the same as Ivy League graduates: They just want the money back. New data show the perils of that approach. Dropouts who took out loans to finance the degrees they ultimately didn’t obtain often end up worse off for attending college. Unlike their peers who …
People in America get really angry at the Federal Reserve and at the “money system” in general during economic crises. The Fed draws hostility because of its power, its insulation from democratic accountability, its lack of transparency, and because of its historical and structural connections to finance. It has a lot of power in the economy because it has a …
Jack Rasmus explains why all economic indicators for the US economy are ‘flashing red’ except for consumer spending, driven mostly by surging household debt again in credit cards, mortgages, auto loans and student loans. Meanwhile, 7 years of continued low interest rates created by the Federal Reserve (and other central banks) are creating a crisis in pensions, insurance, and sectors …
Gerald Celente takes a deep dive into the news of recent days, especially the self-destructing Donald Trump and ever present war drums pounding in the background of the Presidential Reality Show. He updates listeners on critical economic trends, as well. Despite high expectations that the Bank of Japan would stimulate its nation’s foundering economy by driving interest rates further into …
The Credit Market Is Manipulated Giant American banks said they had to be bailed out or else the American economy would crash. It wasn’t just the $700 billion “Tarp” bailout in 2008. In reality, a large portion of the big banks’ profitscome from taxpayer bailouts and subsidies (see this, this and this). At the same time, the big banks have sat on the money the government threw at them – with …
On July 1, at the start of the Independence Day weekend, we learned that income inequality in this country became even worse last year. Economic inequality produces scars that last a lifetime – and even longer. That’s one reason why President Obama said in 2013 that “increasing inequality … challenges the very essence of who we are as a people.” Well, that …
“Obama Administration’s economic policies were always meant to stabilize and enrich Wall Street at the expense of the working class and poor.” The 2008 economic crisis sent Washington into a frantic search for a way to forestall popular rebellion. It found the perfect Presidential candidate in Barack Obama. With millions of Wall Street dollars at his disposal to bankroll a masterful marketing …
Goldman Sachs will interminably,thanks to Matt Taibbi at Rolling Stone, conjure up images of “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” The vampire squid has now popped up in the middle of a potential new scandal involving the Clintons, while uproar over its payment of $675,000 to …
