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by Phoenix Capital Research
Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around.
Here’s a recap of some of the larger Fed [...] Former Treasury Secretary Hank Paulson spoke with Judy Woodruff in an interview airing on Bloomberg Television at 9:30 pm/ET this Friday. Paulson said that he “had to pinch himself” in reaction to the news that Fannie Mae generated record profits last year. “I could hardly believe what I was reading.”
Paulson also said that the U.S. needs to slow the growth of entitlement programs and raise more tax revenue by closing [...] Mac Slavo
They’d have us believe that happy days are here again. And, if your only source of information for economic news is the mainstream media and their talking heads, then in all likelihood you’ve bought into the hype about an economy on the rebound, consumers being more confident, housing prices in recovery and a government that’s soon to resolve America’s fiscal woes. Nothing could be further from the truth. We are [...] by Phoenix Capital Research
With QE 3 and QE 4 firmly in place and the Fed’s balance sheet over $3 trillion, Idecided to go back and count the recap the Fed/Feds’ interventions since the Great Crisis began in 2007.
Here’s a recap of some of the larger moves made during the Crisis:
Cutting interest rates from 5.25-0.25% (Sept ’07-today). by Phoenix Capital Research
Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around. Here’s a recap of some of the larger Fed [...] TARP flashback to Dec., 2009. Jim Inhofe in the basement of the Senate. Busting the bailout troika. “I could hear the champagne corks popping the night of Oct 1, 2008. I think Bernanke should be replaced. And I feel the same way about Tim Geithner. And as far as that’s concerned I think the same about Hank Paulson. They are all three kind of the same.” http://dailybail.com/home/inhofe-on-the-bailouts-champagne-corks-were-popping.html from rollingstone: The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to [...] from Russia Today: Max Keiser and Stacy Herbert discuss Hank Paulson sightings in Chicago and the Boxing Day presents for the global peasants from the global elite, including 45 bad banker apples (at UBS) and an attempt to part the people of India from their gold hoard. In the second half, Max Keiser talks to trends forecaster, Gerald Celente of TrendsResearch.com about the next American Revolution and Nehru jackets. by Phoenix Capital Research
Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around. Here’s a recap of some of the larger Fed [...] The Last Days Of Lehman Brothers – The Movie This is the full-length feature film, not a documentary, and so far, it’s pretty good. James Cromwell plays Hank Paulson. Film Story – Wikipedia 10 Hilariously Awesome Lines From “The Last Days Of Lehman Brothers”
End of Greece imminent? The Troika has left the negociating room today, something’s boiling… Greece’s negotiations with international lenders hit another snag on Oct. 16 when the envoy of the International Monetary Fund (IMF) [...] This is the full-length feature film, not a documentary, and so far, it’s pretty good. James Cromwell plays Hank Paulson. Film Story – Wikipedia
dailybail by Phoenix Capital Research
Since the Great Crisis began in 2007 the Fed/ Feds have done the following:
Cutting interest rates from 5.25-0.25% (Sept ’07-today). Now that the Fed has engaged in QE 3 (which is essentially QE infinite since it’s meant to run until things get where the Fed wants them), I decided to go back and count the recap the Fed/Feds’ interventions since the Great Crisis began in 2007. Here’s a recap of some of the larger moves made during the Crisis: Cutting interest rates from 5.25-0.25% (Sept ’07-today). Yesterday’s “leak” of Draghi’s comments that it is not monetization if just the tip only bonds with a maturity of 3 years or less are monetized, aka, legitimate monetization does not cause inflationwas so horribly handled that the ECB huffed and puffed in a desperate attempt to appear angry, even though it was absolutely delighted that it had even more ammo in its war against Germany. Today, the leakage continues only this time nobody [...] The real world revolves around cash flow. Families across the land understand this basic concept. Cash flows in from wages, investments and these days from the government. Cash flows out for food, gasoline, utilities, cable, cell phones, real estate taxes, income taxes, payroll taxes, clothing, mortgage payments, car payments, insurance payments, medical bills, auto repairs, home repairs, appliances, electronic gadgets, education, alcohol (necessary in this economy) and a countless other everyday expenses. [...] While hardly surprising to anyone who actually paid attention over the past two months to events in Greece (instead of just reacting to headlines) where among those on strike were the very tax collectors tasked with “fixing the problem”, we now get a first glimpse of the sheer collapse in the Greek economy, which also confirms why Germany is now dying for Greece to pull its own Eurozone plug (predicated [...] Wolf Richter Treasury Secretary “Hank” Paulson was the trailblazer with his proposal for TARP in September 2008. He walked into the Capitol with a list of demands—unlimited powers to hand unlimited amounts of taxpayer money to whomever—and threatened that the whole world would collapse if his demands weren’t met immediately. When Congress didn’t go for it, markets fell off a cliff, and Paulson’s world of finance appeared to come [...] (ZH) In yet another confirmation of just who is driving policy in Europe, Handelsblatt has broken news that 3 years after Hank Paulson “forced” US banks to take cash, Germany will follow suit next, and “bailout” the German banking sector by stuffing it to the gills with cash soon to be made even more worthless courtesy of persistent and relentless devaluation as it is used for no productive purposes but merely [...] Hank Paulson knows the system is rigged (photo viw Wikipedia) When former Goldman Sachs exec Henry Paulson was Treasury Secretary he apparently gave his hedge fund buddies extremely helpful and lucrative secret information about his plans to seize Freddie Mae and Fannie Mac while still assuring the public everything was fine. To a room full of hedge fund mangers, including many of his former colleagues, Paulson let it be known the [...] by ZH As Merkel ends her speech to the Bundestag on her way out to the Euro Summit, here are the main rhetorical conclusions: MERKEL SAYS JUSTIFIABLE TO MAXIMISE EFSF FIREPOWER But none of that compares to what just was the use of the nuclear mutual assured destruction option, to [...] by ZH In his latest letter to clients (which we will present shortly), Diapason’s Sean Corrigan has one chart that explains beyond a shadow of a doubt what the true cost of the (First) Great Financial Crisis, the failure of Lehman, and the bailout of the US financial sector, is. The premise is ridiculously simple: the chart below compares the trendline of US debt before and after the Lehman from September 2008, [...] (1) end the looting (by Wall Street, the banksters, the multi-national corporations, billionaires, etc.) and God knows I’m not a libertarian but Karl Denninger is right: OWS: The Risks Facing America Today “…Again, as I’ve said for four years: We need a banking system because we do indeed need a way to clear payments so you can pay a bill or buy gasoline and food [...] by ZH If there is one thing that matches John Paulson’s dramatic conversion to the anti-Midas of our times, it is Tim Geithner’s uncanny ability to say something only to be proven to be a pathological liar within months if not weeks (who can possibly forget: “Is there a risk that the United States could lose its AAA credit rating? Yes or no?” “No risk of that.”). [...] The Obama administration has been fiercely lobbying European governments and central banks to shut up and do something. No more disagreements in public, Timothy Geithner told them in Poland. No more disputes over fundamental issues. To heck with democratic problem resolution. The world is collapsing, and it’s time to act boldly and decisively. Hank Paulson’s extortion racket is back. This time, it isn’t Congress and [...] |
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5 Myths about President Obama
http://www.washingtonpost.com/opinio…hpid=z4&sub=AR
By Jonathan Alter, Published: January 20
Barack Obama’s rise in politics was so rapid, and his background so unusual, that he was immediately subjected to malicious myths — from the bogus story that he was raised Muslim to the lie that he wasn’t born in the United States. Of course, some of the raps on Obama are valid interpretations of his performance. It’s not a myth that he was long distracted [...]