The fed continues the same policy initiatives even after it fails to get the desired results they were seeking at the outset of the programs.
Post Tagged with: "Federal Reserve Chairman"
The Psychotic Fed
The laws of economics have not changed just because the Fed chooses to ignore them. These laws cannot be repealed by the Fed nor can they be altered.
Fed’s Inflation Cliff is Next
Hyperinflation or a brutal hike in interest rates — [could make] the present “fiscal cliff” look tame in comparison. – IBD
The Money Spigot Is NOT Helping – Fire Bernanke
This is so crazy that even former Federal Reserve officials are speaking out against it. For example, former Federal Reserve chairman Paul Volcker says that QE3 is the “most extreme easing of monetary policy” that he could ever remember.
The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans
Because of the Fed policy of keeping interest rates exceptionally low for the foreseeable future it is now being projected by some analysts that Social Security will be bankrupt by 2023.
How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us
The first two rounds of quantitative easing made the wealthy even wealthier while causing living standards to fall for all the rest of us. Is there any reason to believe that QE3 will be any different?
FED Action Delays Retirement – Means Fewer Jobs for Young Workers
There is not a chance in hell that younger workers are going to prosper looking at this chart. As a result, future tax revenues will be less than planned. The economy will lag well below potential. – Bruce Kasting
Fed Fought 2 Years to Keep Bank Bailout Details Secret
Banks made super profits on cheap money from the Fed which the Fed can create out of thin air. Has that helped the economy as the debt continues into the stratosphere and unemployment stays at record highs?
Fed Lowers GDP and Inflation Forecast, Disingenuously Frets Over Fiscal Recklessness
Keynesian and Monetarist clowns never want to do anything now. Instead they want to appear as if they will support fiscal and monetary soundness, tomorrow.
Ben Bernanke is the Chief Architect of Dollar Destruction
Even the European Central Bank has expressed its deep concern at America’s weak dollar policy. In the private sector, the University of Texas has invested $1 billion in physical gold. This represents an unprecedented vote of no confidence in this Administration’s stewardship of fiscal and monetary policy.