Federal reserve News
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Moscow -
The Russian government has announced that Bitcoin, a popular alternative currency, now is illegal in Russia. The prosecutor’s office pointed to its possible use in money laundering and financing terrorism as cause for the move.
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Washington -
The U.S. Senate, Monday, approved the appointment of Janet Yellen as head of the Federal Reserve. Yellen, 67, will become the first woman to preside over the US central bank, the most powerful in the world.
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The Federal Reserve was a hundred years old this week. Most in-the-know observers believe it has long outlived whatever usefulness it may have once had.
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Beijing -
What was once considered the monetary tool for anarchists due to its anonymity and fight against fiat currency will soon become just another regulated payment system that will lose its prominence in the world of alternative currencies.
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Dallas Federal Reserve Bank President Richard Fisher encouraged farmers to carry on with the use of genetically modified organisms (GMOs) in food and establish standards for international trade, while a shipment of GMO corn sits off the coast of China.
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Washington -
The United States Senate Banking Committee voted overwhelmingly Thursday in favor of approving President Obama's nomination of Janet Yellen to chair the Federal Reserve once Ben Bernanke's current term expires Jan. 31, 2014.
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Massachusetts Institute of Technology Professor Emeritus Noam Chomsky talks common sense, most of the time, but does he understand economics?
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The Fed’s decision to continue its economic stimulus program unabated has sent fixed mortgage rates plunging to their lowest level in two months.
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Hartford -
Since the summer, financial experts continued to repeat themselves that the Federal Reserve was going to taper its $85 billion-per-month bond-buying initiative this month.
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New York -
It should be soon that United States President Barack Obama will pick his nominee to succeed Ben Bernanke as Chair of the Federal Reserve.
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New York -
Marc Faber is known as both a bear on the United States economy and a contrarian investor. Echoing the sentiments of other libertarian investors and adherents of Austrian economics, a crash in the market is imminent.
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Washington -
Since the collapse of the United States economy at the height of the Great Recession in 2007 and 2008, consumers and governments have given interest rates a bad reputation. Is it wrong to blame them?
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Washington -
Ben Bernanke, the present chair of the US Federal Reserve, has said the he has already stayed longer in his post than he wished, so it is quite unlikely he will seek another term when his present term runs out in January.
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Springfield -
After Federal Reserve Chairman Ben Bernanke delivered his testimony to the Congressional Joint Economic Committee on Wednesday, retired Texas Republican Congressman Ron Paul issued a statement accusing Bernanke of misleading Americans over inflation.
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A new petition has been released on the White House's "We the People" website, calling for an end to the Federal Reserve's quantitative easing and its monopoly over currency in the United States.
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Houston -
New legislation is being proposed in Texas that would establish a sort of Texas Bullion Depository. Texas Governor Rick Perry and other lawmakers are proposing that it would get back its gold from the Federal Reserve.
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Frankfurt -
Germany wants its gold back. Local newspapers are reporting that the Bundesbank, the central bank of Germany, is planning to deposit more gold reserves at home in Frankurt, while withdrawing many of its precious metal held in facilities around the world.
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German government auditors have requested the Bundesbank, Germany’s equivalent of the Federal Reserve, to check up on Germany’s gold reserves much of which are in secure storage at banks abroad.
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New York -
Federal Reserve Chairman Ben Bernanke will most likely step down in January 2014 and not seek a third term even if President Barack Obama is re-elected. Republican nominee Mitt Romney has vowed to replace Bernanke if elected.
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New York -
Agents with the Federal Bureau of Investigation (FBI) have arrested a man after he allegedly attempted to detonate a bomb outside the Federal Reserve Bank in the lower Manhattan’s financial district of New York City.
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The second episode in this short BBC Television series contains some interesting information, but like the first episode, fails by and large to tackle the real issues.
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The Federal Reserve today acted boldly, announcing the continuation of historically low interest rates and a $40 Billion a month plan to buy mortgage bonds. As the economy struggles to recover can this bold move work to right the economy?
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In his speech at the DNC, Bill Clinton noted that six weeks before Obama's election, the economy suffered "the biggest collapse since the Great Depression." Ironically, it is Clinton whom many economists blame for the 2008 collapse.
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In a eye-opening round table discussion on CNBC's The Kudlow Report, every financial analyst openly admitted that the people of the United States serve central banking interests.
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In the wake of the near collapse of our modern day financial system, banks are now financing consumers, continuing away from the 20 year trend of making business a priority.
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Toronto -
Throughout 2012, bullion prices have been rather lackluster. Investors saw silver jump to $35 in February, but fall since. Gold has also seen a sharp drop. Does this spell the end for bullion or is this just a temporary adjustment for goldbugs?
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A think-tank claimed that Canada's banks secretly received billions from the government to bail them out during the recession. Toronto Sun says this is pure leftist propaganda for the May 1st crowd and occupy protesters.
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Los Angeles -
Last year, Patricia McAllister made waves by railing at the Zionist Jews who control the Federal Reserve. After she was fired from her teaching post, she found an unlikely ally in David Duke. This time though, she has probably gone too far even for him.
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Washington -
Last week, the Federal Reserve uploaded a video to YouTube of its Chairman delivering a lecture on the recent and ongoing financial crisis.
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New York -
The Federal Reserve will now start Tweeting monetary policy. The United States central banking system announced that it has established its new Twitter channel, @federalreserve. What will you Tweet to Chairman Ben Bernanke?
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Federal reserve Image
wikipedia
U.S. Federal Reserve Building.
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Law Enforcement Photo
Federal authorities have arrested an Al Qaeda wannabe Quazi Mohammad Rezwanul Ahsan Nafis for attempting to blow up the Federal Reserve in Manhattan.
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Flickr
Not everyone is as impressed with Chairman Bernanke as the students of George Washington University. This photograph is frm a protest at Minneapolis, Minnesota, September 8, 2011.
September 8, 2011
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With permission by Reuters / Joshua Roberts
U.S. Federal Reserve Vice Chair Janet Yellen testifies during a Senate Banking Committee confirmation hearing on her nomination to be the next chairman of the U.S. Federal Reserve, on Capitol Hill in Washington
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Geithner to leave in consideration of family.
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