Below you'll find a list of all posts that have been tagged as “Interest rate”
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. (Henry Ford) Give me control of a Nation’s money supply, and I care not who makes its laws. (M. A. Rothschild) The Federal Reserve Bank (or simply the Fed), …
Updates on FED’s interest rate hike, Peter Drucker on “like a business,” gun business, and oil economics. Response to question on whether it is China that is slowing the world economy. Major discussion of Greek and Spanish austerity politics and how major oil, banking and auto corporations proved why we can and must do better than capitalism
Jack reviews the state of the US and global economy, focusing on US interest rate hikes by the Federal Reserve and its consequence for the US and global economies. In the review of this week’s economic events, the arrest of Pharma CEO Skrelli, what’s going on with Argentina and the resurgence of Neoliberalism in South America, and the US Congress’s passing of another $650 billion in tax cuts for corporations and the rich are also addressed. Next show: Jack continues review of his latest book, ‘Systemic Fragility in the Global Economy’, now available from his blog, jackrasmus.com, discussing why economists and their theorists continue to get the global economic picture wrong.
As European central banks employ negative interest rates (you pay the bank to keep your money) as well as all-digital currencies that give bankers virtually complete control over your access to it, this question is not silly. What are the bankers really up to? Ellen speaks with co-host Walt McRee about these developments and then talks with evolutionary economist and world-renowned futurist Hazel Henderson about how far afield economics has gone from its practical obligations to serve public interest. Matt Stannard discusses banker logic and negative interest, and common logic about the need for a basic income for everyone.
The Eurozone today is going into the same deflationary situation that the U.S. did under Jackson’s destruction of the Second Bank, and the post-Civil War budget surpluses that deflated the economy. But whereas the Fed’s creation was designed to inflate the U.S. economy, Europe’s European Central Bank is designed to deflate it — in the interest of commercial banks in …
MOSS, Norway — Like many Europeans, Marianne Haaland Bogdanoff, a travel agency manager in this southern Norwegian town, does not go to church, except maybe at Christmas, and is doubtful about the existence of God. But when “weird things” — inexplicable computer breakdowns, strange smells and noises and complaints from staff members of constant headaches — started happening at the …
This article was first published by Global Research in October 2008 “Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.” – The Honorable …
Jack Rasmus discusses the US Federal Reserve’s decision to keep interest rates near zero and keep free money to banks and speculators flowing. Jack explains how free money from the FED keeps financial asset bubbles in stocks, junk bonds, forex, derivatives and the like going, and feeds ever growing profits from financial assets. Who were the forces and lobbyists behind the FED decision? What did they have to gain? How the FED decision will soon result in central banks in Japan and Europe expanding their own ‘QE’ programs further, intensifying global currency wars and slowing global trade. How global finance capital has become addicted to the free money from the FED and other central banks and is unable to wean themselves off of it. What it means for the coming next recession. In the second half of the show Jack reveals how cash on US, Europe and Japan corporate balance sheets still exceeds $7.3 trillion—after corporations have distributed to shareholders since 2009 more than $8 trillion in stock buybacks, dividend payouts, and private equity firm profit sharing distributions to partners. Jack explains how corporations in the three regions, north America, Europe and Japan, accumulated the $15.3 trillion—i.e. from free money, legislated tax cuts, and cuts to worker’s wages and benefits.
Every college semester, I filled out my financial aid application, hoping I would receive more grants than loans. Either way, my fate was sealed: I was a college student in the United States, so debt was inevitable. The latest figures from the U.S. Department of Education are for 2012–13, my second year in college. That year, tuition, room, and board …
On August 27th, I had the opportunity to address the Aspen Institute, UNIFIMEX and PWC in Mexico City during a Q&A with Patricia Armendariz. Subsequenty, on August 28th, I gave the opening talk at the annual IMEF conference. The main issues of concern to local Mexican banks, as well as to Mexico’s central bank, are: 1) How the Federal Reserve’s …
