Out of all the conspiracies we look into I am most driven by understanding the money. From how I get it now the system runs through the Treasury Dept which prints Federal Reserve Notes via the Bureau of Engraving and Printing.
Now for some reason the BEP gives these FRNs to the Federal Reserve Bank(s)? I do not know why – the assumption is because the Federal Reserve Act of 1913 [...]
In his latest MUST WATCH update, Greg Mannarino states that we are only months away from the BURSTING of the US Treasury bond bubble.
As SD has pointed out repeatedly, Mannarino states out that the nations who have funded the US deficit over the past 10-20 years such as China and Japan are backing away from US debt, and the Federal Reserve has become the lender of last resort.
Greg compares the chart of the [...]
May 20, 2012
Editor’s note: Four out five Federal Reserve notes contain traces of cocaine.
When the Brown County, Wis., Drug Task Force arrested her son Joel last February, Beverly Greer started piecing together his bail.
She used part of her disability payment and her tax return. Joel Greer’s wife also chipped in, as did his brother and two sisters. On Feb. 29, a judge set Greer’s bail at $7,500, and his mother [...]
Even though gold has already enjoyed an 11-year bull run we still think that it’s a good investment. Here we present a few charts that suggest that the current gold price is actually quite cheap!
There are three simple (but apparently elusive) charts that indicate the cheap valuation placed upon gold at present. [Note: We'll be updating these charts every week so that you can track their progression over time.]
Chart 1: What Percentage of [...]
WTF Did All That Printed Money Go?
Courtesy of Lee Adler of the Wall Street Examiner
Normally when we think of printing money, we are talking about the Fed buying Treasuries, or some other securities from the Primary Dealers. The PDs then take the cash and buy Treasuries from the government. The Fed’s asset base is thereby increased, and an offsetting liability, bank reserves on the Fed’s balance sheet, also increases. As long [...]
For those excepting a hyper-inflationary destruction of the US dollar at some point in the future, you might consider hanging on to your US dollars – at least some of them. There may still be a use for them post-collapse, as highlighted in the following real-life survival story:
A snowshoer who was lost in a blizzard for two days on Washington state’s Mount Rainier said he stayed alive by digging out [...]
by David Pierre
First off I will state that mathematically, fundamentally and practically, Gold must be priced on average year after year in more Federal Reserve notes. I take this premise as a given for all of the reasons we have gone over time after time.
The Gartman’s, Nadler’s and Christian’s of the world either have fundamental and mathematical blinders on or are disingenuous, period, end of story.
ALL investors need some amount of [...]
by The Economic Collapse
Most Americans have no idea that the U.S. government once issued debt-free money directly into circulation. America once thrived under a debt-free monetary system, and we can do it again. The truth is that the United States is a sovereign nation and it does not need to borrow money from anyone. Back in the days of JFK, Federal Reserve Notes were not the only currency in circulation. Under [...]
(November 15, 2005) “With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.”
(July, 2005) “We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I [...]
By Al Lewis
DENVER (MarketWatch) — Ron Paul is probably not going to be president any time soon, yet he is already on the dollar.
His enthusiasts have been stamping Federal Reserve notes with “Ron Paul For President” since at least 2008.
“Write Ron Paul on your worthless bills,” reads an August 2011 post on “Daily Paul,” a website that isn’t affiliated with his campaign.
Paul complains about the Fed debasing the [...]
One reason for no action is that the problem has never been expressed in simple enough terms. The average person simply doesn’t understand the problem. Here is my take on it:
If the Fed makes $100, but we taxpayers owe them $101.00 in return, where do we get the extra dollar to repay them? From the Fed?? Yes, from the Fed because there are no dollars except [...]
by Henry Blodget
Well, it’s deja vu all over again.
The path forward is the same today after the market crashing as it was a year ago: the Fed will monetize our massive liabilities and distribute those losses through the global financial system via the dollar reserve currency (the soon to be former reserve currency). Through inflation they’ll devalue the American standard of living by half over the [...]
Citizen Sues Atlanta Fed Based on Allegation that It’s Issuing Federal Reserve Notes That It Has No Intention of Redeeming, Which Amounts to Counterfeiting (Ivo)
The complaint alleges that all of the Federal Reserve Banks (including Atlanta) stopped allowing Federal Reserve Notes to be redeemed in the early 2000′s and that – because 12 United States Code Section 411 requires the notes to be redeemable [...]
Over the weekend, the New York Sun took a shot at Ben Bernanke and a whole host of economists that ridiculed Sarah Palin for her immediate criticism of the Fed’s second round of quantitative easing as inflationary and damaging to the US dollar. At the time, even the Wall Street Journal’s pages could barely contain their derision for Palin’s warning of inflation impacting food prices [...]
Written by Byron Dale.
I woke up this morning thinking about all the articles that have been written about money. However, I don’t recall ever reading an article about the consequences of an all debt based money system.
Let’s really start thinking about all the consequences of a 100 percent debt based money system like we now have. A few years back I was talking with a banker [...]
After cutting that last tie to gold, there was no longer any discipline left to keep the value of the dollar steady. The US dollar of August, 1971 is as of 2009 worth just over 18 cents, according to the Inflation Calculator. Thus, in purchasing power, the dollar has lost over 80% in the past 39 years.
Only foreigners were legally able to turn in their US [...]
From Terry Coxon of Casey Research
The Long Swim â€“ How the Fed Could Become Insolvent
Youâ€™ve seen the proof in real time. Once-dominant industrial companies, e.g., General Motors, can run out of money. The biggest banks, e.g., Bank of America, can run out of money. Even sovereign governments, e.g., Greece, can run out of money. Yes, all those organizations are still limping along, but only after [...]
The chickens are coming home to roost. Note what my pet name for Mortgage Backed Securities was and still is:
Interesting historical note is that as of Sep 27, 2007 The Fed held $780 billion in Treasuries and $114 billion other. (ref 1)
So, just three years ago, your money (Federal Reserve Notes) was backed 87% by US Treasuries. Today, your money (Federal Reserve Notes) is backed 34% by US [...]
“Robert believes that way to safety in a deflation is to have cash, and lots of it. My concern with this approach is that I question the safety of the US dollar (and all fiat money, for that matter). So in an all-out deflation, Robert Prechter will be sitting in all cash or US Federal Reserve notes. But the dollar is collapsing, and with a US that is deflating, [...]
Think about how few “own” a home. They never pay it off and often even borrow the equity out, They pay about 300% of the purchase price if they do stay in the home til the 30 yr. mortgage is paid off. But, most don’t stay. Whether for job reasons or other personal reasons, they move. They may stay in the same city but upgrade and create even more debt. [...]
The long term adverse effects of stealing from one part of the population (savers in dollar denominated accounts), while giving their money to nar-do-well speculators at the casino-”banks” has not shown up yet. The U.S. government, and other governments around the world, have broken their covenant with the People by debasing their currencies in favor of the casino-bankers.
Taxpayers, savers and the honest people both here and abroad have been “sold [...]
Bernanke’s Dilemma: Hyperinflation and the U.S. Dollar http://seekingalpha.com/article/192916-bernanke-s-dilemma-hyperinflation-and-the-u-s-dollar?source=email
Central banks implicitly manage the exponential decay in value of their respective currencies while they focus on interest rates, reserve ratios and inflation targets. Although the exponential decay in the value of the US dollar since 1913 has been distorted by episodes of deflation and variations in monetary policy, the overall pattern continues to reflect the structural reality [...]