Category: Central Banks
The analysis published under this category are as follows.
Wednesday, April 27, 2011
Why Did The Fed Lend Billions To Foreign Banks? And 15 Other Questions for Bernanke / Politics / Central Banks
By: Gary_North
The Federal Reserve System is on the defensive. This has not happened before in my lifetime.
On Wednesday, April 27, Ben Bernanke will hold a press conference. This has never happened before. Journalists will be allowed to ask questions. It will be held at 2:15 in the afternoon, Eastern Daylight Time. The Bankrate site has set up a reminder program so that you won't miss it. It will be broadcast on their site.
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Tuesday, April 26, 2011
What Exactly is the Function of the Federal Reserve Bank? / Interest-Rates / Central Banks
By: EWI
What exactly is the function of the Fed? If it's to help the U.S. economy grow steadily, then how come in 2007-2009 we had the biggest stock market crash in decades followed by "the Great Recession" and a worldwide financial crisis?
For answers, let's turn to someone who has spent a considerable amount of time studying the Fed and its functions: EWI's president Robert Prechter.
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Tuesday, April 26, 2011
Fed Chairman Warns of “RECOVERY ENDING EVENT” *Video* / Politics / Central Banks
By: Mac_Slavo
While state sponsored media pundits and government spokespeople make every effort to dispel doubts about the economic recovery, we need look no further than the two highest level officials who preside over the monetary and financial workings of the United States.
Sunday, April 24, 2011
Global Monetary Policy Tightening / Interest-Rates / Central Banks
By: Submissions
centralbanknews writes: Global monetary policy tightening continued through the past week. Central Banks that increased interest rates included those of: Thailand +25bps to 2.75%, Sweden +25bps to 1.75%, and Brazil +25bps to 12.00%. Meanwhile those that opted to hold interest rates unchanged were: Hungary at 6.00%, Iceland at 4.25%, and Turkey at 6.25%. Aside from interest rate changes the week also saw another 50 basis point increase in China's required reserve ratio, bringing the average ratio for large banks to 20.50%, and the Central Bank of Turkey increased two of its reserve ratios by 100bps. Elsewhere the Belarusian central bank instituted a secondary currency market, taking a step in the direction of a freely floating currency.
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Saturday, April 23, 2011
Con Games and Currency Destruction, are the Policies of Every Single Central Bank / Politics / Central Banks
By: Gary_North
Back in the era of World War II, a goldbrick was a slacker in the military. He was the guy who always seemed to be able to find a reason not to pull his own weight, as the phrase went.
The low-level Army grunts who wore the boots that were on the ground had a saying: "Never volunteer for anything." But you weren't supposed to be a slacker. Somewhere in between unofficial status as a red hot and a goldbrick was where most people wanted to be.
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Thursday, April 21, 2011
Understanding the Fed, Explaining Common and Misleading Myths about the U.S. Federal Reserve Bank / Interest-Rates / Central Banks
By: EWI
What exactly is the function of the Fed? If it's to help the U.S. economy grow steadily, then how come in 2007-2009 we had the biggest stock market crash in decades followed by "the Great Recession" and a worldwide financial crisis?
For answers, let's turn to someone who has spent a considerable amount of time studying the Fed and its functions: EWI's president Robert Prechter.
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Wednesday, April 13, 2011
The Fed Obliterates the Savings Ethic / Politics / Central Banks
By: Douglas_French
Depression babies learned early that "saving for a rainy day" was not something one hopes to do but a requirement. The saying originated when most people worked on the farm. And when it rained, the fields were too wet to plow, and the farmer — not to mention the hired hands — made no money.
Monday, April 11, 2011
Hearken to the Sacred Geese of Juno Moneta / Politics / Central Banks
By: Professor_Emeritus
On April 6 last I sent an open letter Congressmen Ron Paul of Texas accusing the Chairman of the Board of Governors of the Federal Reserve, Dr. Ben Bernanke, that
Thursday, April 07, 2011
Impeach Bernanke! An open letter to Congressman Ron Paul of Texas / Politics / Central Banks
By: Professor_Emeritus
Dear Dr. Paul:
There are serious questions about the legality of Quantitative Easing. You are among the few who are well-qualified and well-placed to get to the bottom of it.
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Tuesday, April 05, 2011
Greenspan Pandering for More Money / Politics / Central Banks
By: Fred_Sheehan
Former Federal Reserve Chairman Alan Greenspan has once again received space on the editorial pages of the Financial Times. He does not deserve, so shall not receive, a rebuttal. But, it is probably still worth a moment to remind readers of the interests he continues to serve.
His intention, in "How Dodd-Frank Fails to Meet the Test of Our Times" (March 30, 2001), is to kill the Dodd-Frank Act's application to the banking industry. Greenspan, of course, was more circumspect, but he is not receiving the courtesy of careful interpretation here.
Wednesday, March 30, 2011
Federal Reserve Report: Central Bank's Record $82 Billion "Profit" is a Red Flag Warning / Interest-Rates / Central Banks
By: Money_Morning
Martin Hutchinson writes:
If the record $81.7 billion in profit that the U.S. Federal Reserve reported for 2010 was turned over to taxpayers directly, there's no doubt it would have some "stimulus" benefit - after all, a $270 check for every man, women and child in the United States ain't chicken-feed.
But since that money actually just "disappears" into the coffers of the U.S. Treasury, it does very little good for anybody.
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Wednesday, March 30, 2011
Why Economists Love the Fed / Politics / Central Banks
By: Gary_North
The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.
Monday, March 28, 2011
Globalists Target 100% State Owned Central Bank of Libya / Politics / Central Banks
By: Patrick_Henningsen
Eric V. Encina writes:
One seldom mentioned fact by western politicians and media pundits: the Central Bank of Libya is 100% State Owned. The world’s globalist financiers and market manipulators do not like it and would continue to their on-going effort to dethrone Muammar Muhammad al-Gaddafi, bringing an end to Libya as independent nation.
Monday, March 28, 2011
Central Banks Seek Excuses to Plunder Treasuries and Enrich the Banking Cartel / Politics / Central Banks
By: Barry_M_Ferguson
Dumb and Dumber and Dumberer
Jim Carrey starred in the movie ‘Dumb and Dumber’ in 1994. The movie told the story of the two stupidest humans on earth - Lloyd Christmas and Harry Dunne. They were ‘dumb’ and ‘dumber’. But, even this over the top portrayal of these two stupid characters could not have possibly equal the stupidity of the real characters that run our world today. They can only be described as ‘dumberer’. Even worse, our ‘leaders’ must think of the rest of us as ‘dumbererest’.
Saturday, March 26, 2011
First they inflate, then there is a Boom, Then Price Inflation / Economics / Central Banks
By: Gary_North
You are on the back of a tiger. You had no say in the matter. You are part of the international economy, and central bankers run it.
First they inflate. Then there is a boom. Then there is price inflation. Then they stop inflating. Then there is a recession. To keep it from becoming a depression, they inflate. Year after year, decade after decade, generation after generation, this is what central bankers do.
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Thursday, March 24, 2011
Central Bank Fractional Reserve Banking Authorized Fraud Explained / Interest-Rates / Central Banks
By: Mike_Shedlock
Keith Weiner at the Daily Capitalist purports to explain the Fractional Reserve Banking: The Real Story
Weiner makes a case that the problem with fractional reserve lending is one of "duration mismatch". If you don't understand the term "duration mismatch", please don't stop reading. I provide an easy to understand example below.
Tuesday, March 22, 2011
Fed's Shortcuts to Greatness / Politics / Central Banks
By: Vitaliy_Katsenelson
There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen… the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.–Frederic Bastiat (1801-1850)
Thursday, March 17, 2011
Everybody Knows Bernanke Is a Joke / Politics / Central Banks
By: Robert_Murphy
As YouTube and other digital media move beyond computer-savvy young people into the ranks of even stodgy businessmen, these subversive outlets become serious problems for the ruling elite. This trend is epitomized by the radical change in the Federal Reserve's image. In just a few short years, the Fed has transformed in public opinion from a mysterious, wise, and boring institution into a fascinating engine of corruption and comedy.
Monday, March 14, 2011
Three Flawed Fed Exit Options / Interest-Rates / Central Banks
By: Robert_Murphy
Whether giving public lectures or teaching at the Mises Academy, I'm often asked whether Bernanke will be able to "pull this off." Specifically, can the Fed gracefully exit from the huge hole it has dug for itself?
Unfortunately my answer is no. In the present article I'll go over three possible exit options, and explain the flaws in each.
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Wednesday, March 09, 2011
How the Fed Can Be Abolished / Politics / Central Banks
By: Gary_North
Things are not always as complicated as they seem. With respect to the Federal Reserve System, it is a deliberate mystery. It was deliberately designed in 1910 to deceive the public, who were opposed the idea of a central bank. The conspirators who met on Jekyll Island in November 1910 knew this. They did good work from their point of view. They concealed the beast.