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Senile former Fed Chair Alan Greenspan claims bubbles everywhere but U.S. markets

Even though the former Chairman of the Federal Reserve Alan Greenspan is too old to cut the mustard, he seems these days desperate enough to still try to lick the jar.  In a guest appearance on CNBC today, the former head of the U.S. central bank began blaming most financial worries on monetary 'bubbles' in foreign markets, while at the same time refuting that the Fed created highs in the Dow, Nasdaq, and S ...

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America and the West are in the late stages of a fascist takeover

On Feb. 19, famed economist and statistician Jim Willie provided a chronological blueprint on how the Federal Reserve, primarily through Fed Chairman Alan Greenspan and later, his predecessor Ben Bernanke, used monetary policy to shift power away from a Constitutional government and into the hands of banks and corporations. These policies, which began after the 1987 stock market crash and ending with the cu ...

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Federal Reserve’s Legacy on its 100th Anniversary

December 23 marks the 100th anniversary of the creation of the Federal Reserve, and the ushering in of a new era of monetary policy and control over our banking system.  And in those 100 years, America has seen itself rise to become the most powerful economic power in the history of the world, and be the primary force over monetary and financial policies implemented in the global economy. However, there is ...

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Helicopter Ben initiates taper in one of his last acts in office

On Dec. 18, as Federal Reserve Chairman Ben Bernanke prepares to pass the torch to underling Janet Yellen, the man responsible for QE 4EVA has initiated a small taper on the central banks bond buying program, and will remove $10 billion monthly from their toxic asset purchases. *FED TAPERS QE TO $75 BLN MONTHLY PACE, STARTING IN JANUARY *FED SAYS `FURTHER MEASURED STEPS' POSSIBLE ON TAPERING *FED: EXCEPTION ...

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It’s official: Quantitative Easing is a failure

In late 2008, and a little ways past the start of the Great Recession, the Federal Reserve decided to introduce a new form of money printing known as Quantitative Easing.  In this new scheme to increase liquidity and attempt to stimulate the economy, the Fed began buying toxic assets from banks , while at the same time, allowing financial institutions to borrow money at near zero interest.  This combination ...

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Irish betting house opens odds on next Federal Reserve Chairman

It is said in the United Kingdom and neighboring isles, one can place a bet on anything.  From when and where the next 7.0 earthquake will occur, to the exact time, sex, and weight of the Royal baby, there is always a bookie waiting to give you odds on nearly any event.  Which doesn't come as too much of a surprise that on July 25, a betting house in Ireland has already opened odds on who the next Federal R ...

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New Federal Reserve Funds study Seeking To Blame Smokers For Lower Wages & Productivity

The Federal Reserve on July 13 published a new study by which they attempt to look at the economic consequences smoking has on a persons wages and career path.  In the study, the Fed concludes that smokers receive lower overall wages because the perception by employers on their personal habit is negative and detrimental to productivity. This paper finds that nearly two-thirds of the 24 percent selectivity-c ...

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NEXT FED CHAIRMAN? Corzine Freed Of Charges By Justice Department Opens Door For 2014 Obama Appointment

On July 8, former CEO of MF Global and longstanding Obama supporter Jon Corzine was given a reprieve by the Justice Department when the agency announced that they were dropping the investigation in regards to his re-hypothecating $1.6 billion in customer segregated accounts. Picture courtesy of “After 18 months of investigation, the criminal probe into Jon Corzine is now being dropped, ...

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