Jan 27 2011

Federal Reserve openly aiming for inflation – The Fed looks for a sequel in punishing the U.S. dollar and hopes to inflate debt and the middle class away.

The Federal Reserve has painted itself into a very narrow and troubling corner for most of working and middle class America.  The massive debt problems on hand have no realistic way of being paid off and the best path in the eyes of the Federal Reserve is to slowly inflate away the currency and debt.  […]

Dec 18 2010

Federal Reserve is the primary tool of the new financial oligarchy – The ultimate banking clearing house with zero oversight from the people still holds over $2 trillion on its balance sheet.

The Federal Reserve system (the Fed for short) is the US central banking system.  The Fed was created in 1913 with the enactment of the Federal Reserve Act.  In the beginning the Fed had limited powers and its mission was limited.  According to the Fed its mission today is to conduct monetary policy, supervise and […]

Dec 8 2010

The era of mega banks – The growth of too big to fail. American banking system still backing over $13 trillion in assets with a negative deposit insurance fund. 7,760 banks but 19 banks make up 50 percent of the asset base.

The growth of the too big to fail bank is something that is modern to this era.  In the 1990s there were fewer than 40 institutions that had total assets above $20 billion.  In the late part of the 1980s and 1990s this number was below 20.  The peak was reached in 2005 with 55 […]

Nov 3 2010

The Federal Reserve plans on exporting the U.S. middle class abroad with Quantitative Easing II. QE1 cost $1.7 trillion and took the underemployment rate from 10 percent to 17 percent.

The Federal Reserve is entering uncharted territory with this second phase of quantitative easing.  The public may or may not be aware that the Fed has already embarked on quantitative easing (QE1) and has grown their balance sheet by $1.7 trillion (that’s $1,700,000,000,000) by exchanging U.S. Treasuries for questionable assets including a shopping mall in […]

Oct 16 2010

The debt end game – Top 10 percent of families own an average of $700,000 in stocks while the next 15 percent own an average of $53,000. The other 75 percent are insignificant players by Wall Street standards.

The government recently announced on a slow Friday a $1.29 trillion budget deficit as if it were no big deal for the completed fiscal year.  In fact, this was spun as grand news since the previous budget deficit topped $1.4 trillion.  We are now reaching a nationwide tipping point of debt.  The U.S. Treasury and […]

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