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Federal Reserve Fiat Money 2 Trillion New Dollars Created
13 hours ago ago from The Conservative Reform Network Blog
Fed's Fiat created $2,000,000,000 new currency-and some benefitted more than others from the Federal Reserve, the central government’s central bank, controlling a cartel of banks, currency and credit and the means of financing the means of production. In addition to Debts, Deficits, Spending and Taxes, there is the core issue of debasing the currency by the Federal Reserve’s Fiat power to create new currency without any underlying value, ...
Related contentInterest Rate Outlook for 2010
6 hours ago ago from OANDA Forex Blog
At the beginning of 2008, the Federal Funds rate stood at 4.25 percent – by the first week of March, the rate had been reduced to 3.0 percent, followed by another full-point reduction a few months later. But then, on December 16th, the Federal Reserve took us to a place we have never been before with a record low target rate of between zero and 0.25 percent. Obviously, extraordinary times call for extraordinary actions; but while the Fed ...
Related contentMore easy money for Wall Street
16 hours ago ago from SUISSA'S OLAM
Just when you thought our representatives in Washington had woken up and were ready to fix their outrageous "too big to fail" bailout policy, they sneak in some fine print in their "reform" package that will give government even more bailout power, as William Greider explains in The Nation . The sale pitch for financial-reform legislation pending in the House claims it would put a stop to "too big to fail" bailouts for the leading banks. ...
Related contentFed Rate Cut Signals Cheaper Home Loans Mortgage Refinance | Make Money Online
11 hours ago ago from Make Money Online
by make money online on December 10, 2009 0 comments The Federal Reserves latest cut in its prime rate by three-quarters of a percentage point may do little to assist home owners across the country who have built in fixed rate mortgages. It will however add stimulus to first time borrowers as interest rates start to reflect in some of the lowest mortgage rate products for several years. The reduction in the prime rate which now stands at ...
Related contentForbes.com: The Government Bubble
10 hours ago ago from Patrick Jones, MBA
Money The Government Bubble Brian S. Wesbury and Robert Stein 12.08.09, 12:01 AM ET Looking back, most investors now understand that over-investment in housing was in large part caused by the Federal Reserve. The central bank under Alan Greenspan cut interest rates way too low, kept rates there way too long and when it finally got around to lifting them did it way too slowly. When monetary policy is overly loose, bad things ...
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Few benefiting from mortgage relief
3 hours ago ago from NBC
Real estate" href="http://www.msnbc.msn.com/id/8874569/device/rss/rss.xml" xmlns:media="http://search.yahoo.com/mrss/" /> Categories ...
Related contentBBC News - Australia's unemployment rate in surprise fall
17 hours ago ago from BBC
The strength of Australia's mining sector helped it avoid recession Australia's unemployment rate fell unexpectedly in November, as the country's economic recovery continued. The jobless rate dropped to 5.7% last month, from 5.8% in October, as 30,800 new full-time jobs were created, said the Australian Bureau of Statistics. The figure surprised analysts, who had been expecting the unemployment rate to increase in November ...
Related contentStrong Won Limits Inflation, Keeping Korean Rates at Lows
21 hours ago ago from Wall Street Journal
BY IN-SOO NAM SEOUL -- Recent strength in the won is helping to keep down South Korean inflation, allowing the Bank of Korea to keep benchmark interest rates at record lows without harming the economy -- a pattern likely to continue at Thursday's Monetary Policy Committee meeting. The policy rate has been anchored at 2% for the past nine months, which has helped to bring the Korean economy back from a slump late last year. With consumer ...
Related contentGov't program only helps 31,000 borrowers so far
5 hours ago ago from PopEater
WASHINGTON -Just over 31,000 homeowners have received permanent loan modifications under the Obama administration's mortgage relief plan, a big setback for the government's embattled effort to stem the foreclosure crisis. Lenders blame the low success rate only about 4 percent of the nearly 760,000 borrowers who have signed up on borrowers who don't return the necessary paperwork to complete the process. Bank of America Corp., for example, ...
Related contentBanks borrow less from the Fed over past week
3 hours ago ago from PopEater
WASHINGTON -Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week. The Fed says commercial banks averaged $19.4 billion in daily borrowing over the week that ended Wednesday. That was down $468 million from the previous week. Banks' use of the program has been declining for the last several months, reflecting greater stability in the financial system. Banks borrow from the Fed's "discount window" ...
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