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Unemplyment rate falls to 5.4% as economy creates 437,000 part time jobs, and ignores 93 million uncounted unemployed

The government propaganda machine was in full swing on May 8 as the Bureau of Labor Statistics (BLS) announced their newest job numbers report that showed a decline in the unemployment rate down to 5.4%.  In fact, the job numbers report missed analyst expectations by 5,000 with a print of 223,000 new jobs compared to a forecast of 228,000, with the most important indicator showing that of these new jobs cre ...

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Citigroup’s Chief Economist blames cash, not central banks, for world’s monetary problems

It doesn't really take that much to be an economist these days.  From the illustrious former Federal Reserve Chairman Ben Bernanke, to the Nobel Prize winning economist Paul Krugman, living the dream of being a celebrity while at the same time destroying economies and monetary stability is par for the course in an era when those who get it right are considered crackpots, and those who feed the needs of the ...

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Fed Chairman Janet Yellen states that cash has relatively little value

As the world begins to realize that the entire purpose of the Federal Reserve is to prop up stock markets and ensure the orderly flow of wealth from the 99% to the 1%, an interesting statement was made by the central bank Chairman Janet Yellen in San Francisco last week where she said that "cash is a not very convenient store of value", and validated that the fiat currency that comes from the printing press ...

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Yellen channels her inner Draghi as Fed kicks the can on interest rate hikes once again

On Dec. 17, the Federal Reserve's FOMC meeting minutes were announced, with Fed Chairman Janet Yellen doing little more than once again jawboning the party line.  Spouting a recovery that is absolute illusion, and hinting once again for the 12th month in a row that interest rate hikes are just around the corner, the Fed is proving that like the ECB's Mario Draghi, there is little the central bank can or wil ...

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Market manipulation: Thou shalt not let the stock market fall…

While many understand how the great stock market rise was based primarily on Federal Reserve QE and the pumping of trillions of dollars into equities to create the illusion that everything is fine in the economy, is there any proof of manipulation being done to keep investors from selling their stocks, and bringing the markets back to reality?  The answer to that question appears to be a resounding yes as i ...

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Market reactions since Fed removed QE3 prove entire economy reliant upon debt

They say that a Doctor must remove a cast or sutures from a patient to determine if their body is healing itself, and if the patient is getting better from the treatment.  The same can be said of an economy when the Fed stops its artificial pumping of liquidity into the system, and ends its debt based infusion to keep the markets artificially propped up. And with the stock markets, and in particular the DOW ...

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Fed President cites need for QE4 even before QE3 is finished

If there ever was validated proof that the entire financial system was reliant upon, and held together solely by central bank money printing, today was absolute confirmation.  On Oct. 14, San Francisco Fed President John Williams stated that a new round of QE (4, 5, 6?) would be needed once again should inflation benchmarks not be reached in the economy in the coming weeks.  And most notably, with oil, stoc ...

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Jim Willie: If the Fed ends Zero Interest rates it will destroy the big banks

2014 has been the year of the Federal Reserve acting like the European Central Bank head Mario Draghi in that they have talked alot about ending QE and their Zero Interest Rate policies (ZIRP), but heading into the end of the year the Fed has done neither.  And the primary reason for this according to statistician and founder the Hat Trick Newsletter Dr. Jim Willie, is that the big banks have become so reli ...

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Federal Reserve has one final card up its sleeve… the Doomsday Book

This week, former heads of the Federal Reserve and U.S. Treasury converged on Washington to give testimony as to the monetary status of the economy and banking system.  During part of the more than six hours of testimony, the financial heads were asked about a secret and disturbing publication the Fed has in case of a sudden financial meltdown.  Known as the Doomsday Book, this document supposedly is a comp ...

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Dollar’s sudden strength occurring as a sign the world is rejecting reserve currency

Approximately three months ago, the dollar began a massive rise in relation to other global currencies, with its value gaining more than 675 bps on the charts.  Closing out on Friday, Oct. 3 around 86.64, this is the highest the dollar has been since the middle of 2010 when the Federal Reserve began its first round of Quantitative Easing, and Europe was enmeshed in a liquidity crisis. But while economists a ...

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Mises economist shows that the Fed will never be able to raise interest rates

Several months into Fed Chairman Janet Yellen's term as head of the U.S. central bank, the controlling monetary body has been implementing a slow but steady form of pullbacks to their Quantitative Easing (QE) program.  And despite the Fed attempting not one, not two, not three, but four different forms of dollar monetization since the credit crisis of 2008, the one area they have not touched in the past six ...

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Federal Reserve branch bank concludes Obamacare a disaster for businesses

Each month, branch banks for the Federal Reserve send out questionnaires and surveys to businesses as a way to test the climate of the economy.  In the month of August, the Philadelphia branch asked businesses what the full extend and effect so far from the new Affordable Healthcare Act (Obamacare) was, and the responses they received were a disaster.  In the majority of responses, businesses either let go ...

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