Tag: Federal Reserve

Guest Post by Paul Craig Roberts

I have never known the Federal Reserve make a good decision.  Indeed, disastrous decisions are the Fed’s hallmark.  There are many such disasters.  Among them the Great Depression, the decade long consequence of the Federal Reserve Board’s failure to prevent the shrinkage of the US money supply.   See: https://www.hoover.org/research/feds-depression-and-birth-new-deal 

In more recent times we had Brooksley Born, head of the Commodities Futures Trading Commission (CFTC), blocked from regulating over the counter derivatives and credit default swaps that resulted in  financial panic and economic collapse.  Fed Chairman Alan Greenspan, Treasury Secretary Robert Rubin, Deputy Treasury Secretary Larry Summers, and SEC Chairman Arthur Levitt conspired to have Congress block Brooksley Born from doing her job.  The four dumbshit officials told Congress that “markets are self-regulating.”  Greenspann when later questioned by Congress admitted that his ideology “had a flaw.”  http://www.shoppbs.pbs.org/wgbh/pages/frontline/warning/interviews/born.html

Continue reading “Is the Federal Reserve Merely Incompetent or Is There a Dark Agenda?”

Guest Post by Nick Giambruno

International Man: First, the Federal Reserve told us there was no inflation.

Then, they told us not to worry when inflation became undeniable because it was only “transitory.”

Then, when it became apparent that it was not merely transitory, they told us not to worry because inflation is actually a good thing.

Then, when it became obvious that inflation was not good, they told us not to worry because they had it under control.

Do you think the Federal Reserve has lost its credibility?

Nick Giambruno: The Fed should have lost credibility long ago for anyone with gray matter between their ears.

The Fed is discrediting itself because of the ridiculous lies they’ve been spewing for the past couple of years, like “inflation is good.”

Continue reading “Marx’s 5th Plank—What You Need To Do As the Fed’s Credibility Evaporates”

Guest Post by Paul Craig Roberts

The Federal Reserve has a long record of mistaken decisions.  Unless the Federal Reserve’s intent is to collapse the economy, the current policy of higher interest rates will go down as the most mistaken reading of the economy since the Great Depression.

Prices are rising sharply in Germany, UK, and Europe, but not because of an increase in money creation. They are rising because US Sanctions against Russia have reduced the supply of energy and disrupted transportation. Supply reductions have driven up prices of everything dependent on energy and transportation.

Continue reading “Why Is the Federal Reserve Collapsing the Economy?”

Guest Post by Ron Paul

The Federal Reserve was no doubt troubled by July’s decline in the US unemployment rate to 3.5 percent and increase in job openings to 11.2 million. This is because the Fed’s strategy for reducing the historic price inflation now plaguing the economy — caused by the Fed’s unprecedented low or zero interest rate policies — is to increase unemployment in order to decrease consumer spending. In his speech to the annual monetary policy conference in Jackson Hole, Wyoming, Fed Chair Jerome Powell reiterated his commitment to increasing unemployment, or, as he puts it, “softening the labor markets.”

Powell is correct that reducing price inflation is urgent. He is also correct that doing so will increase unemployment and slow economic growth. The Fed’s efforts to bring down inflation by increasing interest rates will also make it harder for average Americans to obtain home mortgages, purchase a car, or even pay their utility bills. Those hardest hit by the Fed’s “softening of labor markets” are also the primary victims of the Fed-created price inflation. This demonstrates the insanity and cruelty of the fiat money system, which enriches the elites while improvising the masses.

Continue reading “The Federal Reserve Wants You Fired”