David Stockman on Ben Bernanke and the Federal Reserve

Video: David Stockman interviewed on the baleful record of Ben Bernanke and our economy. The video embedded below is a must-see interview!! Please… I beg you… watch it. Are you concerned about “income inequality”? You should be, and you absolutely must understand why it’s gotten so massive. As David Stockman brilliantly explains here it’s not because of a failure of Capitalism, but a coup d’état by Central Banks in league with governments around the world. [See also, “David Stockman Read more […]

“Patiently” Killing Capitalism in America

Wednesday morning I checked the Dow Jones Industrial Average, and it was down just over triple digits. It stayed underwater all the way through lunch too. Then, miraculously, about 1:30 pm, it took off like a rocket, swinging 350 pts to the upside, closing over 200 pts in the black. Now I knew what caused it. I keep up with such things. The FOMC (The Fed) had just released their vague do nothing statement. They removed one measly little word. They removed the word, “patient”, meaning that Read more […]

National Economy Run by an Unelected Committee?

What kind of democracy is supposed to have a national economy completely at the mercy of an unelected committee? Last night, this story at Bloomberg.com was featured in the Drudge Report, under the headline “Confusion,” with a pretty unflattering picture of Janet Yellen looking quite confused. The Federal Reserve opened the door to an interest-rate increase as soon as June, while also indicating it will go slow once it gets started. The new signals were contained in a policy statement Read more […]

Federal Reserve Admits Rand Paul a Threat

The Federal Reserve is now “firing back” at Rand Paul. Good for him! When you’re taking serious flak, you know you’re over the target. And The Hill reports that Rand Paul must be aiming right at the Federal Reserve: “Fed fires back at Rand Paul.” The Federal Reserve is lashing out at Sen. Rand Paul’s plan to give Congress more oversight over the central bank, a proposal that could gain traction in the new Republican-led Congress. The Kentucky Republican reintroduced his “Audit Read more […]

Raise Interest Rates? You Must Be Joking!

The idea that Janet Yellen would raise interest rates was nothing more than a useful deception. The Federal Reserve doesn’t want to publicly admit that they have absolutely no idea about how to help the economy other than shove interest rates to zero and beyond. So we get contradictory statements. On the one hand, Yellen assures us that we are going to keep pumping out new money and keep interest rates zero and sub-zero. But to seem like they are thoughtful, intelligent people who are implementing Read more […]

Ruling Class Unhappy with Signs of Federal Reserve Police State

People who pay primo amounts of money for an expensive neighborhood believe they are paying to be undisturbed. This is especially true if they are paying for high-end real estate in Washington DC. So Janet Yellen’s neighbors are quite displeased that she is spoiling their dream. From the Daily Caller: “Janet Yellen’s Security Detail Infuriates Gated Community.” Hillandale, a gated community in Georgetown where house prices exceed $3 million, has always prided itself on its picturesque Read more […]

Janet Yellen Says, “Don’t Worry, I’ll Keep Pumping Out More Money,” And Stocks Rise

Remember when everyone wondered what Yellen would do when she became Federal Reserve Chairperson/woman? The media acted like this was a mystery. It wasn’t. She’s going to do exactly what Alan Greenspan and then Ben Bernanke did. It was all she was ever going to do. She is going to create new dollars to pump into the stock market and other bubbles. From Bloomberg.com: Federal Reserve Chair Janet Yellen, easing investor concern that interest rates may rise earlier than previously forecast, Read more […]

Ben Bernanke’s Honorarium Shows Us How Janet Yellen Will “Succeed” As Fed Chair

As Alan Greenspan and Ben Bernanke have both demonstrated, the number one job of the Chairman/woman/person at the Federal Reserve is to sound intelligent and unruffled. Period. As with any scam, the trickster’s main challenge is to never let the marks see him sweat. Go back on Youtube and watch Ron Paul interrogate Ben Bernanke and notice how “Helicopter Ben” always seems totally confident in his own intelligence, knowledge, and methods. No matter how badly Bernanke’s ideas failed, even Read more […]

Washington Times On Barack Obama, The Wall Street President

The story starts off giving far too much credit to the President: Despite his best efforts, the president who vowed to conquer Wall Street and revive opportunity for everyday Americans on Main Street has this to show for his first five years in office: U.S. stock markets are in record territory, posting 30 percent gains just last year, and Wall Street is home once again to the biggest concentration of billionaires on earth, while wages for the middle class have barely kept up with inflation. No Read more […]

Yellen Condemns Congress For Not Trusting Economically Stimulating Space Aliens

The Huffington Post loves it, of course: “Janet Yellen Shames Congress For Austerity, Being Terrible.” Right. We have a seventeen-plus-trillion-dollar debt because of austerity. It looks like Janet Yellen will have no problem tackling one of Ben Bernanke’s most important jobs: shaming Congress for ruining the economy. Yellen reminded lawmakers of their sheer terribleness during a Senate Banking Committee hearing on Thursday about her nomination to replace Bernanke as chair of the Federal Reserve Read more […]

People Who Buy Stocks Must Be Idiots: The Yellen Bubble Denial Extends Bubble

Was 2008 really that long ago? Are today’s traders so young that they don’t remember it? I hadn’t planned on saying anything about the Janet Yellen hearings because I think she doesn’t matter. The Federal Reserve System is a big scam that provides welfare to millionaires and billionaires at the expense of poor and middle class people. She will use her position to do exactly what any other Federal Reserve Chairman would do. So there was no need to pay attention to her. The Federal Reserve Read more […]

Former Fed Reserve Official Apologizes For Quantitative Easing

This is great confirmation for what real economists have been saying about the Federal Reserve for some time, and especially about Ben Bernanke’s strategy. Andrew Huszar writes: I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the Read more […]