The Money Printing Desert

Zero Hedge – which we have come to regard as the most fantastic economics website on the planet – has a great guest post up this week comparing the Federal Reserve’s ongoing money printing experiment to pumping dune after dune of new sand into a desert.
“We have $100 billion of new sand being pumped in [...]

The Gold Crash

The price of gold fell 13 percent in just two days this week – its biggest two-day decline in thirty-three years.
What happened?
“The most important factor is that global inflation is falling, reducing gold’s value as a hedge against rising prices,” writes Peter Coy at Businessweek. “Gold bugs who were betting on an outburst of inflation [...]

The Federal Reserve’s “Premature Release”

Two months after it was hacked, the secretive U.S. Federal Reserve was caught off guard by a “premature release” of sensitive economic information.
Happens to the best of us, right?
Anyway, this “premature release” provided a list of congressional staffers and industry lobbyists with the minutes from the Fed’s latest meeting – at which its board members [...]

Ruh-Roh, Fed!

So the Federal Reserve – the secretive government architect of our current “recovery” – got hacked this week and coughed up what the agency describes as a “limited amount” of data.
“The Federal Reserve System is aware that information was obtained by exploiting a temporary vulnerability in a website vendor product,” a spokesman for the central [...]

Food Prices On The Rise

 THANKS, BIG GOVERNMENT
It’s not just pain at the pump American consumers are fretting about …
Food prices are also on the rise after a summer drought killed off an estimated 13 percent of the nation’s corn crop.   That means higher prices on meat and dairy products (which rely on corn to feed the animals that [...]

Davis: Smarter State Policy Needed Now

SOUTH CAROLINA MUST ENHANCE ITS COMPETITIVENESS IN LIGHT OF DESTRUCTIVE FEDERAL POLICIES
By Tom Davis || For the past few months I have been speaking to citizen groups throughout the state about why it is vital, in the 2013 legislative session, to make South Carolina the freest state in the nation – in particular, for state [...]

Ron Paul Statement On QE3

U.S. Rep. Ron Paul issued the following statement on this week’s action by the Federal Reserve:
No one is surprised by the Fed’s action today to inject even more money into the economy through additional asset purchases. The Fed’s only solution for every problem is to print more money and provide more liquidity. Mr. Bernanke and [...]

More Money Printing

AMERICA’S CENTRAL BANK IS FIRING UP THE PRESSES … AGAIN
As predicted, the U.S. Federal Reserve announced its latest “stimulus” plan this week … yet another round of money printing that central bank leaders hope will put a dent in our country’s chronically high unemployment rate and sluggish consumer economy.
Dubbed “QE3,” this third round of “quantitative [...]

Fire Up The Presses!

WELCOME TO “QE3″
In response to the “Great Recession,” America has spent, lent and printed trillions of dollars in an effort to turn the economy around.
None of it has worked.  In fact there’s growing evidence that government’s policy of bailout out bureaucracies, devaluing the dollar and putting our “dependence economy” on steroids is leading us into [...]

More Money Printing

GET READY FOR “QE3,” PEOPLE
In addition to lending trillions of dollars to banks all over the world and cheering on the massive accumulation of debt by the U.S. Congress, a central component of the Federal Reserve’s “stimulus” plan has been to print trillions of dollars out of thin air.
Known as “quantitative easing,” this process hasn’t [...]

Mitt Loves Ben

… AND PRINTING BENJAMINS
In yet another example of his commitment to the failed status quo in Washington, D.C., “Republican” presidential nominee Mitt Romney is now signaling his support for Ben Bernanke – the chairman of the secretive Federal Reserve and chief architect of America’s failed monetary policy.
“Ben is a model technocrat,” top Romney economic advisor [...]

Benko: Ryan’s Monetary Moment

REPUBLICAN VEEP COULD PICK UP WHERE RONALD REAGAN LEFT OFF
By Ralph Benko || When Ronald Reagan was elected president the Dow Jones Industrial Average hovered around 1,000 (less than 2,800 inflation adjusted) — and had dipped, under President Carter, as low as 759.  Unemployment stood at an unacceptable 7-plus percent.  The Soviet Union was aggressive, bellicose, and, [...]