TheInvisibleHand

Originally Posted by TheInvisibleHand

Good synopsis of Ron calling out Helicopter Ben on the monetary policy!!

Ron Paul Tells Bernanke He Killed The Dollar, Silver Coin In Hand
Source: Forbes
By: Agustino Fontevecchia, Forbes Staff
2/29/2012 @ 1:59PM

Fed Chairman Ben Bernanke had an interesting morning over on Capitol Hill, facing the ire of Ron Paul and receiving Democratic praise from Barney Frank. Bernanke was testifying before the Committee on Financial Services, where he said the economic recovery continues but remains frail, but was put on the spot by Ron Paul who pulled out a silver eagle and accused him of debasing the currency and destroying America’s wealth.


Ron Paul was in full campaign mode. So was Barney Frank. Bernanke was caught in the middle.

In what was supposed to be a Q&A session, the Fed chief essentially sat down and listened to one side bash him and the other love him. Barney Frank took the floor after some softballs by

...

Originally Posted by TheInvisibleHand

Source: www.economonitor.com
"The Fed’s $29 Trillion Bail-out of Wall Street
BERNANKE’S OBFUSCATION CONTINUES: The Fed’s $29 Trillion Bail-out of Wall Street

Author: L. Randall Wray · December 9th, 2011

Since the global financial crisis began in 2007, Chairman Bernanke has striven to save Wall Street’s biggest banks while concealing his actions from Congress by a thick veil of secrecy. It literally took an act of Congress plus a Freedom of Information Act lawsuit by Bloomberg to get him to finally release much of the information surrounding the Fed’s actions. Since that release, there have been several reports that tallied up the Fed’s largess. Most recently, Bloomberg provided an in-depth analysis of Fed lending to the biggest banks, reporting a sum of $7.77 trillion. On December 8, Bernanke struck back with a highly misleading and factually incorrect memo countering Bloomberg’s report. Bloomberg has—to my mind—completely vindicated its

...

Originally Posted by TheInvisibleHand

Source:Bloomberg
Bernanke Gives Impetus to New Stimulus
By Scott Lanman and Caroline Salas Gage - Nov 3, 2011 12:00 AM ET

Federal Reserve Chairman Ben S. Bernanke signaled additional monetary stimulus may be needed to lower U.S. unemployment as policy makers projected little acceleration in growth after last quarter’s pickup.

Potential actions are “on the table,” including a third round of securities purchases, extending the period of record- low interest rates or being more specific about when rates would rise, Bernanke said at a press conference yesterday after officials met for two days in Washington. Stocks added to gains while the dollar weakened against the euro.

Bernanke warned that economic improvement will probably be “frustratingly slow,” with policy makers forecasting a 1 percentage-point drop in the jobless rate to about 8 percent over two years. The chairman said buying mortgage bonds is a “viable option,” comments that give

...

Originally Posted by TheInvisibleHand

Posted by HereInRealityon June 1, 2011
SOURCE: Global Research
Dean Henderson
The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.
According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]
So who then are the stockholders in these money center banks?
This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders

...

You be the judge, it seems we have increased the debt ceiling every other quarter recently. In Dec 2009 there was a big debate about raising it to 12.4 trillion. In less then 2 yrs they are again battling to raise it over 14.9 trillion.

I guess another money printing is party is in order!

PEOPLE FORGET DEBT=SLAVERY!