Ben Bernanke and company have launched a new scheme to boost aggregate demand and increase spending. Where the multi-trillion dollar bailouts, the trillion dollar stimulus package, and the hundreds of billions of dollars created in QE1 and QE2 failed, the Federal Reserve believes its new Maturity Extension Program will succeed. The program, which Bernanke vehemently [...]
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Tags: Ben Bernanke, Federal reserve, Operation Twist, Treasuries 
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While establishment Republicans and establishment Democrats are bickering over which of the two essentially same bills they want to pass to avert a debt ceiling “crisis”, Dennis Kucinich has different ideas about what should be done. Avoiding the fearmongering of the President, Kucinich has proposed ending the Federal Reserve and returning to the monetary policy [...]
Posted in Federal Reserve, News Tags: debt ceiling, dennis kucinich, Federal reserve, monetary policy, national bank No Comments »
The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in [...]
Posted in Economics, Federal Reserve, News Tags: bailout, DeMint, Federal reserve, printing, Ron Paul, Sanders, trillions No Comments »
While Americans are struggling to obtain loans and find employment, the US Federal Reserve has extended it’s currency swap program to European banks, which means that European nations will be able to obtain unlimited amounts of US Dollars at an interest rate of nearly 0.0%. The extension of the currency swap program will allow European [...]
Posted in Federal Reserve, News Tags: bailout, currency swap, european banks, Federal reserve, inflation No Comments »
