Moral Outrage
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Posts Tagged ‘FED

Federal Reserve to devalue the Dollar by another 33 per cent

February 10, 2012

What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today. The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch […]

The Federal Reserve does not print money

January 26, 2012

Here’s something you probably don’t know: The Fed doesn’t print money. Yes, that’s right, the Fed is actually not in the business of printing money. The actual, physical printing presses are owned and operated by the Treasury Department…not the Fed. So the Federal Reserve is actually not in the business of printing money…. the Fed […]

Ron Paul on the Fed’s Bailout Of Europe

November 30, 2011

The Fed’s latest actions in cooperating with foreign Central Banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed. Under current law Congress cannot examine these types of agreements. Those who would argue that auditing the Fed or these agreements with […]

Assisted Suicide of the American Superpower

October 7, 2011

Not long ago, in 2000, the United States ran a surplus. In 2009, it ran a deficit of $1.4 trillion—10 percent of the economy. The 2011 deficit is projected even higher. The national debt is surging toward 100 percent of GDP. The greatest creditor nation in history is now the world’s greatest debtor. In the […]

Federal Reserve Audit Reveals Trillions in Secret Bailouts

August 31, 2011

The first-ever audit of the U.S. Federal Reserve has revealed 16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else,” U.S. Senator Bernie Sanders, an Independent from Vermont, said in […]

What is in store for the US economy?

August 12, 2011

Between 2001 and 2005 an estimated $2.4 trillion in wealth was created from the refinancing of mortgages and home equity loans. This money was only available because of artificially escalating housing prices. And when this easy money spigot was shut off, a private debt crisis was created. Meanwhile, the Fed does everything it can to […]

Richard Russell on Gold Manipulation

April 27, 2011

Richard Russell, a long-time gold bug, writes: “The desperate battle to keep gold below $1500/oz. continues. … I’m fascinated to see whether June gold can close above 1500 or whether the anti-gold contingent can manage to knock gold down (again) below 1500. The action is now so blatant that it literally screams of manipulation. … […]

Wall Street and its 10 most ridiculous lies of 2010

December 31, 2010

1.”Honest, we didn’t do it!” Sadly, their blame-shifting strategy worked, bamboozling the media and people across the political spectrum. Crooks? Morons? Take your pick. 2.”The overall costs will be incredibly small in comparison to almost any experience we can look at in the United States or around the world.” Ever since Treasury Secretary Timothy Geithner […]

Republican Congressman Ron Paul defends WikiLeaks

December 8, 2010

Popular Texas Republican Congressman Ron Paul defended whistleblower website WikiLeaks. Speaking to Fox Business host Judge Napolitano about recent revelations at the Federal Reserve, Paul’s typical candor showed through. “What we need is more WikiLeaks about the Federal Reserve,” he said. “Can you imagine what it’d be like if we had every conversation in the […]

The U.S. money supply has multiplied 4 times from 2007 – 2010

November 9, 2010

Last year, the Federal Reserve increased the world’s wealth by $1.7 trillion. That’s a lot of money. What did it mean? Presto, the world was richer? Or if the world wasn’t richer, the extra money was a hoax, a fraud, and a scam, right? Now counterfeiting is against the law. The counterfeiter creates money that […]