federal reserve

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Financial Tyranny: The Dawn of a New Totalitarianism

This scheme makes money a hot potato burning the hands of anyone holding it more than three seconds. It destroys savers. And it destroys the formation of capital that is the seed corn of future growth. It turns every principle of sound economics on its ear. It is not economics, in fact. It is anti-economics. Any economist proposing it should be stripped of his title.

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Central Planning by Central Bankers

In a 2009 article, the Huffington Post went into considerable detail about the number of people with PhD degrees in economics employed by the Board of Governors of the Federal Reserve System. This is the government’s branch of the Federal Reserve. It is not one of the 12 regional Federal Reserve banks, all of which …

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6 Major Flaws in the Fed’s Economic Mode

The U.S. dollar is the dominant global reserve currency. All markets, including stocks, bonds, commodities, and foreign exchange are affected by the value of the dollar. The value of the dollar, in effect, its “price” is determined by interest rates. When the Federal Reserve manipulates interest rates, it is manipulating, and therefore distorting, every market …

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How to Die Poor

The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance or the get-rich-quick adventurer. They will die poor. – Jesse Livermore, How to Trade in Stocks The trouble with capitalism’s guardians is that they …

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The Federal Reserve is a Law Unto Itself

“As the nation’s central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding …

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The Fourteen Year Recession

The experts will tell you the recession is over, but they’re only torturing the data to hide the truth. The economy never recovered from the downturn it experienced. But the downturn happened in 2000, not 2008. The country’s been in the middle of a 14 year recession and hardly anyone knows the truth.

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How Inflation Picks Your Pocket

Politicians love inflation. It’s a way to pay for the government’s debts without upsetting the public by raising taxes, or their special interests by cutting government. So they’ll flood the economy with easy money and eat away at your savings. But that’s only part of the story…

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How the Fed Creatively Tortures the Data

“So we have, indeed, had a disappointingly slow recovery, and our consistent expectations for a pickup in growth have been dashed over a number of years… And the labor market is behaving in some perplexing ways and showing patterns that are novel.” –Federal Reserve Chairperson Janet Yellen in a speech to the Economic Club of …

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