24 October 2012 0 Comments

Federal Reserve Creating Money by Fiat — And No Recorded Inflation – An Illusion of Prosperity – “Pseudo-Wealth”

In my opinion, and the opinion of many economists, the pseudo-prosperity  created by Federal Reserve intervention, will not, and cannot, continue. Since the financial crisis began in Aug. 2007, one of the puzzles surrounding the Federal Reserve’s quantitative easing program — i.e. money-printing — has been why it has not led to high levels of […]

20 October 2012 0 Comments

The Gold Standard v Central Bank – Stability v Monetary Manipulation by Banking and Currency Cartel

Patrick Barron, an Austrian Economist, makes a salient, “core” point about the Gold Standard; Malinvestment, the misallocation of scarce resources, caused by the manipulation of interest rates by the Central Bank and the Federal Reserve, created a “cartel” of banks and currency centrally controlled in Washington, DC by a very few unelected people. READ MORE […]

19 August 2011 0 Comments

Big Business Is Not The Forgotten Taxpayer’s Friend Part 9: Federal Reserve Billions to Corporatist GE

General Electric Tapped Federal Reserve to Borrow $16 Billion Jeff Gerth ProPublica 2 December 2010 The GE building in New York City and Federal Reserve Washington DC – private public partnership – The Forgotten Taxpayer’s Financing Private and Public Corporations Newly released documents from the Federal Reserve Board show that General Electric Co. was a […]