Senate drops the ball on Fed's Janet Yellen

From Nouriel Roubini: ten quick tweets on all those questions that ill-briefed senators were “too naive” to ask Janet Yellen, at her Fed hearings. All we got was muddle, posturing, and bluster, illuminating nothing much. The hearings were like many bad press conferences I have covered as a hack, mostly a spectacle of journalists trying […]

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The Fed is Making You Poor

“The Federal Open Market Committee (FOMC) is set to meet on October 29 and 30, when it will release its current statement on monetary policy. The FOMC is made up of 12 voting members. This includes the seven members of the Federal Reserve Board, the president of the New York Fed, and four other Fed […]

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The Fed Can Only Fail

The basic predicament we are in is that the current crop of leaders in the halls of monetary and political power do not appear to understand the dimensions of our situation. The mind-boggling part about all this is that it’s not really all that hard to grasp. Our collective predicament is simply this: Nothing can grow […]

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Why Bernanke may have ended gold's bear market

“When Ben Bernanke announced that the Federal Reserve would not reduce the pace of its $85 billion-per-month quantitative easing program, gold greeted the news with open arms. The yellow metal promptly added more than $50 after Wednesday’s news to hit the highest level in a week. But Peter Boockvar says we’ve only seen the beginning […]

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The Periphery is Failing

“For years we’ve preached the From the Outside In principle of markets: When trouble starts, it nearly always does so out in the weaker periphery before creeping towards the core. We saw this in the run-up to the housing bubble collapse, as sub-prime mortgages gave way before prime loans, and in Europe, as smaller economies […]

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Mike Maloney – RT Prime Interest – End of Global Dollar Standard

“At 2:35, RT’s Prime Interest interviews Mike Maloney about Episode 2 of his new video series Hidden Secrets of Money.  Mike also discusses the FED, gold and silver, and the coming end of the global dollar standard monetary system.”   Continue reading on goldsilver.com

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Why We All Lose If the Fed Wins

“So let’s pretend for the moment that the Federal Reserve gets everything it has stated it wants.  And even further, that Washington, D.C. gets everything it wants, too. The credit markets are repaired, and massive new loan growth flows out the door.  Loans are made to businesses that hire gobs of new people.  Consumers borrow […]

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Why The Unemployment Rate Is Irrelevant – Lance Roberts

“The media, the financial markets and investors have become fixated on the unemployment rate, as reported by the Bureau of Labor Statistics, particularly since it was directly linked by the Federal Reserve to its current bond buying program.  With the latest gyrations in the markets over the last couple of months tied to “will the […]

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