Federal Reserve Constitutional or Merely Legal?
The Federal Reserve is the Central Bank of the United States. It is in charge of printing money issuing bonds and setting interest rates for those bonds. Article 1, Section 8 of the Constitution says, “The Congress shall have Power … to coin Money, regulate the Value thereof.” The Federal Reserve is never mentioned. Has it always been this way? Does any other country do | Read More »
Is the Federal Reserve Constitutional?
The Federal Reserve is the central bank of the United States. It is in charge of printing money issuing bonds and setting interest rates for those bonds. Article 1, Section 8 says, “The Congress shall have Power … to coin Money, regulate the Value thereof” the Federal Reserve is never mentioned. Has it always been this way? Does any other country do this? How did | Read More »
“The government is admitting it is rigging the market”
“The government is admitting it is rigging the market.” Who’s doing the buying in the stock market, everyone has been asking. We now know. It’s the government, who’s been printing the money out of nothing. When the printing stops and this all comes crashing down, well… From Zero Hedge: After Nearly Two Years Of Searching, TrimTabs Still Can’t Figure Out Who Is Buying Stocks Submitted | Read More »
Dodd’s financial regulations allow Fed to regulate any large company in America; Bank of America does Lehman-like accounting
Chris Dodd might be a lame duck and completely unethical, but he’s surely doing God’s work in re-writing our nation’s financial regulations and ramming it through Congress. Today’s Wall Street Journal article by Gregory Zerzan (“Mr. Zerzan was Deputy Assistant Secretary and Acting Assistant Secretary of the United States Treasury in the Administration of President George W. Bush”) is chilling and a must-read: OPINION: EXTRA | Read More »
Does the Federal Reserve practice crony capitalism with favored big banks? Is the Fed “helping” small banks to fail?
Chris Dodd introduced sweeping changes into our financial system. These must be delayed until after the midterm election in November. There is great danger here to our republic. I know you’re tired. Health care was a big loss. I’m personally beat. But now is not the time to stop, because the progressives never stop. They’re doing it all now, before November. “Crony capitalism” is favoring firends | Read More »