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Gary North
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Friday, 24 July 2009 09:42 |
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Lew Rockwell
In a recent international Bloomberg poll, Bernanke was rated by investors as the greatest central banker, the man who saved the world's economy.
All it took was a doubling of the monetary base and $3 trillion – as of today – of government bailout money.
The FED still faces three problems. (1) If it deflates, the financial markets will collapse. (2) If it does nothing, there will be mass price inflation if banks start lending, making use of the FED's doubling of the monetary base. (3) If banks don't start lending, the recovery will not appear. The FED wants to avoid all three.
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Ron Paul
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Friday, 24 July 2009 09:35 |
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Before the Committee on Financial Services, Humphrey Hawkins Hearing on Monetary Policy, U.S. House of Representatives, July 21, 2009
Mr. Chairman, at a time when we find ourselves once again receiving a report on the Federal Reserve's conduct of monetary policy, it is more important than ever that we in the Congress push for more effective oversight and transparency of the Federal Reserve System. It would be unconscionable for this body, especially after the financial crisis of the last two years, not to take forceful and deliberate action to bring more transparency to the Fed.
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Matthias Chang
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Thursday, 23 July 2009 09:41 |
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URGENT:
ANYONE WHO IS CONCERNED ABOUT THE GLOBAL ECONOMY SHOULD IMMEDIATELY GO TO
http://www.sigtarp.gov/reports/congress/2009/July2009_Quarterly_Report_to_Congress.pdf
This is the report of the Special Inspector General for the Troubled Asset Relief Program : US$23.7 Trilion will be spent to save the banks. Go to Page 134 for the figures.
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Ellen brown
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Thursday, 23 July 2009 09:17 |
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Huffington Post
California has over $17 billion on deposit in banks that have refused to honor its IOUs, forcing legislators to accept crippling budget cuts. These austerity measures are unnecessary. If the state were to deposit its money in its own state-owned bank, it could have enough credit to solve its budget crisis with funds to spare.
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David Bromwich
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Thursday, 23 July 2009 08:48 |
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