Tag: The Federal Reserve
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The Unnatural Phenomenon of Inflation
Today on CNBC they said one could make a pile of money if one could guess when they would raise rates again. This highlights one of the biggest atrocities in the World’s economic system. Trillions of dollars are tied up in the currency futures, hedging the wild swings in the value of currency, trillions that…
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One of My Senators Just Co-Sponsored the Bill to Audit the Fed!
I was so excited. This is the email I wrote to her: “Dear Senator Lincoln,Thank you for sponsoring S.604. Perhaps the largest problem in our and the World’s economy is an unstable unit of account, the wild swings in the value of our money. The sole charter of the Fed is to stabilize our unit of…
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Government Causes Credit Freeze
And the Crisis is purely a fiction. I am listening to Bernanke in the background testifying in the Senate. None of this would be happening without the Mark to Market rule. None of it. 8% of mortgages have defaulted. Mark to Market has caused 100% of them to marked down creating billions of false, paper…