Experts at the Organization for Economic Cooperation and Development say growth is slowing for major economies around the world. An OECD report Monday analyzes data gathered in October that is intended to give a look at future economic growth. The OECD says Brazil, Russia, India, China, Europe, and the United States all will expand [...]
Tag: Federal Reserve
December 13, 2011
December 6, 2011
Fed may give loans to IMF to bail out euro zone central banks: paper
December 5, 2011 by legitgov ShareThis Fed may give loans to IMF to bail out euro zone central banks: paper 04 Dec 2011 The Federal Reserve, along with the 17 euro zone national central banks, may help provide the International Monetary Fund with funds that could be used to aid debt-ridden states, a German newspaper [...]
November 28, 2011
Secret Fed Loans Helped Banks Net $13 Billion
November 28, 2011 by legitgov ShareThis Secret Fed Loans Helped Banks Net $13 Billion 27 Nov 2011 The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The [...]
July 1, 2011
$1B in Unwanted Coins Languish in Federal Reserve
The United States Federal Reserve’s coffers are bulging with $1 billion worth of unwanted $1 coins that cost $300 million to produce, and it could produce a billion more $1 coins by 2016, according to an investigation by National Public Radio (NPR). The Fed’s three attempts to popularize the use of $1 coins dates to [...]
June 11, 2011
June 9, 2011
Merchants Beat Bankers in Senate Debit Card Vote
WASHINGTON (AP) — Merchants triumphed over bankers in a battle for billions Wednesday as the Senate voted to let the Federal Reserve curb the fees that stores pay financial institutions when a customer swipes a debit card. It was murkier, however, whether the nation’s consumers were winners or losers. As a result of the roll [...]
June 7, 2011
Fed’s Plosser: Stimulus Exit Plan Offers Stability
Federal Reserve Bank of Philadelphia President Charles Plosser said a plan to withdraw the central bank’s record monetary stimulus and “normalize” interest-rate policy would help avert confusion in financial markets. “By articulating a systematic plan that gets us to our objective, we improve communication with the public, reduce uncertainty in the marketplace and lend credibility [...]
June 1, 2011
Depression Did I Just Read Depression? CNBC Just Printed Depression…
Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC. “What we’ve got right now is almost near panic going on with money managers and people who are responsible for [...]
April 21, 2011
Geithner Should Resign as Treasury Secretary…
The biggest headline in the news so far this week has been S&P’s decision to downgrade their U.S. credit outlook to negative. After S&P made their announcement, almost everybody in the mainstream media proclaimed it to be a “wake up call” for the U.S. government, saying that if they don’t make a real effort to [...]
March 30, 2011
March 16, 2011
March 6, 2011
China will be allowing trades to settle in yuan instead of the U.S. dollar…
China is so disturbed by the inflation being created by both the Federal Reserve and ECB, that they are looking to abandon both currencies and position the yuan as the next reserve currency. The biggest news of this past week, which conveniently got swept under the rug by the U.S. mainstream media, was news out [...]
March 2, 2011
“Quantitative Easing” means we are in trouble…
“Quantitative Easing” – It means creating massive amounts of money out of thin air with the hope of getting the economy back on track… Now that the Fed has gotten a taste for quantitative easing it is going to be really hard to stop. Just like a runway locomotive… Nor can the Fed stop at [...]
February 28, 2011
U.S. Inflation Caused Algeria, Tunisia, Egypt, and Libya Unrest…
The National Inflation Association (NIA) announced in its November 5th, 2010, food price projection report that food inflation would take over as America’s biggest crisis in calendar year 2011, surpassing the mortgage crisis and high unemployment, which were the top economic concerns of Americans in 2010. NIA’s food price projection report received worldwide media attention [...]