With a lot of the economy in the news, there is plenty of talk about the Federal Reserve banks cutting interests rates. What exactly does this mean when rates are cut and even raised and what kind of effect on the economy is this intended to have?
Image taken on 2008-06-06 19:17:42 by Lance McCord.
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For professional and individual investors, executives or business students, a unique atlas of what makes the markets move.
The Atlas of Economic Indicators: A Visual Guide to Market Forces, and the Federal Reserve
www.ronpaul.com – 02 Ron Paul launched his sharpest attack yet on the Federal Reserve, challenging Chairman Ben Bernanke to open up the Fed’s secret archives so that Congress and the public can find out what the enigmatic institution has been up to in recent decades. Ron Paul is America’s leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies. For more information visit the following sites: www.ronpaul.com http www.house.gov www.dailypaul.com http www.lewrockwell.com http
Chris Dodd, the Senate banking committee chairman, had proposed hiving off all bank supervision to a single regulator but is set to propose this week that the 23 largest institutions stay under the Fed’s oversight, according to people familiar with the plans.
via FT.com / US / Economy & Fed – Big bank oversight to stay with Fed.
Yep Chrissiepoo, them guys at the FED have done such a good job over the years. Heck, their actions only resulted in two world wars, one admitted depression, the devaluation of the dollar by 95%. Shit they are doing one hell of a job!
I’m sure you and your butt-buddy Mozilo (Countrywide – the orange Oompa-Loompa) will enjoy your retirement.
Not that having two regulators isn’t a great idea. One set can blame the other when things go wrong (which they will). It will confuse the issue even more. Way to go Chris after all, those little people only need to pay their bills and only need to understand who’s in charge.
Image taken on 2007-10-31 09:49:01 by telmo32.
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The federal reserve prints out billions and billions of dollars and give it to their buddy bankers, and corporate partners which causes inflation and the decreasing value of our dollar – which has a direct effect on the good citizens of America.
The federal reserve has more power than our executive branch and Congress put together. Not only do we not know what they are up too, or how much money they are printing, there is NO law that requires the federal reserve to inform us on their plans or how much money they are printing.
They could be printing billions and billions of dollars as we speak, and no one would know about it. And you know where that money goes? It goes to their partners and corporate thugs.
A few good conservatives over the years have called for legislation for the people and the US government to see what the Fed is up too. At first they were called crazy, but today as the growing concern for rising debt and inflation more and more congressmen and sponsors are calling to audit the fed.
Do you believe that the federal reserve breeds fascism? And that the people on the top should continue to flourish while the average Joe has to pay for it?
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This is the first book that details hour by hour the events that led up to passage of the Federal Reserve Act of 1913 – and the many decades of work and secret planning that private bankers had invested to obtain their money monopoly.
An excerpt of Congressman Ron Paul debating Charles Partee, member of the Federal Reserve Board of Governors, at the 1983 Capital Hill Gold Standard Conference in Washington, DC, hosted by the Ludwig von Mises Institute. Ludwig von Mises Institute: www.mises.org Ron Paul www.ronpaul2008.com
