''Î'm scared and leaders should look out,'' Tsang said in Singapore Nov. ''America is doing exactly what Japan did last time,'' he said, adding that Japan's zero interest rate policy contributed to the 1997 Asian financial crisis and U.S. mortgage meltdown.
Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.
A US campaign watchdog has accused presumptive Republican president nominee John McCain of violating election laws by accepting campaign contributions from two prominent Londoners.
At issue is a fundraising luncheon held in March at London's Spencer House, during McCain's swing through the United Kingdom. An invitation to the event lists Lord Rothschild and Nathaniel Rothschild as hosts, and indicates the event was made possible with their "kind permission".
Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York.
. Not only is the Fed not doing its job, he said, but it is doing the wrong job: It is defending the economy and the market, instead of defending the dollar. And just to stick the knife in, Mr. Volcker added that this bad job now will make the real job - defending the greenback - much harder later. It'll cause even greater economic suffering.
In plain words, Mr. Volcker implied that the current Fed is not only incompetent, but that its actions are dangerous.
There has been a lot of talk in the news recently about the Federal Reserve and the actions it has taken over the past few months. Many media pundits have been bending over backwards to praise the Fed for supposedly restoring stability to the market. This interpretation of the Fed's actions couldn't be further from the truth.
The Bush Administration’s Treasury Secretary Henry Paulson has proposed an excessive broadening of powers for the Federal Reserve; the move is thought to be in reaction to the recent panic in the financial markets and overall economic instability ...
While New York Governor Eliot Spitzer was paying an ‘escort’ $4,300 in a hotel room in Washington, just down the road, George Bush’s new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst with mortgage bank ...
This Award-winning documentary, which features presidential candidate RON PAUL, was inspired by the book, "The Creature From Jekyll Island" ... all » by author and FREEDOM FORCE founder, G. EDWARD GRIFFIN.
![Debt in the USA, 1980 to present [graph].](http://market-ticker.denninger.net/uploads/Z12009-09/CumulativeDebt80-Present.png){kind=link}