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Keyword: federalreservebank

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  • Fed’s Neel Kashkari Demolishes Claims of U.S. Labor Shortage

    04/19/2018 5:52:37 AM PDT · by davikkm · 24 replies
    breitbart ^ | JOHN CARNEY
    Neel Kashkari has become the Federal Reserve’s foremost skeptic of the notion that the U.S. is experiencing a severe labor shortage. Kashkari, who is the president of the Minneapolis Fed, points to the lack of significant upward pressure on wages as evidence debunking the claims that the U.S. lacks workers. The logic is pretty simple: if the supply of labor is so limited relative to demand, the price of labor should be swiftly rising. The fact that the price of labor is not rising much suggests that perhaps labor is not in as short supply as some employers and special...
  • America should be ready for 18 months of shutdowns in ‘long, hard road’ ahead, warns the Fed’s Neel Kashkari

    04/12/2020 6:39:09 PM PDT · by MinorityRepublican · 125 replies
    MarketWatch ^ | April 12, 2020 | By Shawn Langlois
    America should be ready for 18 months of shutdowns in ‘long, hard road’ ahead, warns the Fed’s Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis. ‘This could be a long, hard road that we have ahead of us until we get to either an effective therapy or a vaccine. It’s hard for me to see a V-shaped recovery under that scenario.’
  • Paul Ryan's Democratic Opponent Is Alien Conspiracy Theorist, 9/11 Truther

    11/01/2013 12:25:31 PM PDT · by nickcarraway · 12 replies
    Mother Jones ^ | Thu Oct. 31, 2013 | atrick Caldwell
    Amardeep Kaleka produced and directed a documentary that claims September 11 was an inside job designed to distract the public from ET revelations.Proof of alien lifeScreenshot from Sirius trailer When 35-year-old Amardeep Kaleka recently declared his intention to run for the Democratic nomination to challenge Rep. Paul Ryan (R-Wis.) in 2014, most news coverage focused on one facet of his story: His father was one of the murder victims of the 2012 massacre at a Sikh temple in Oak Creek, Wisconsin. That murder convinced Kaleka to run as a Democrat and advocate for enhanced gun control. But during a recent...
  • Crash: Government Bank Losses of $192 Billion Benefit Obama

    08/05/2013 4:56:08 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | August 5, 2013 | John Ransom
    The Federal Reserve Bank, with a capitalization of $62 billion, has recently lost $192 billion, as interest rates have risen, according to ETF Guide and Scott Minerd, the Global Chief Investment Officer at Guggenheim Partners. This, despite attempts by the central bank of the United States to keep interest rates much, much lower "Our estimate shows that the spike in bond yields since the first quarter of this year,” writes Minerd, “has caused a mark-to-market loss of $192 billion on the Fed’s holding assets, equivalent to approximately all of the unrealized gains that the Fed had accumulated since it began...
  • State Considers Bringing Gold Home

    03/24/2013 8:55:40 PM PDT · by Smittie · 72 replies
    KXAN ^ | 03/23/2013 | KXAN
    Texas has $1B in physical gold Governor Perry is showing support for a bill to bring home rare and precious metals the state already owns. Republican Rep. Giovanni Capriglione of Southlake introduced House Bill 35-05. It would create the Texas Bullion Depository, which would house the physical gold bars the state owns. The Texas Tribune reports the state has a billion dollars in physical gold, which is owned by the University of Texas Investment Management Company. The gold is currently stored in the Federal Reserve Bank of New York. "If we can securely store this gold in Texas and do...
  • The Fed Reserve Bomb Plotter: Explaining Jihadist ‘Nice Guys’

    10/19/2012 5:05:06 AM PDT · by SJackson · 8 replies
    Frontpagemagazine ^ | October 19, 2012 | Robert Spencer
    “He is very gentle and devoted to his studies,” says the father of Quazi Mohammad Rezwanul Ahsan Nafis, who was arrested after trying to detonate what he thought was a 1,000-pound bomb at the New York City Federal Reserve Bank. And it could be true: he could be a gentle, studious soul. His studies of Islam could have led him to the conviction that he needed to wage jihad against Infidels. Nafis explained his action in clear Islamic terms. He told undercover agents, whom he thought were his fellow plotters: “I don’t want something that’s like, small. I just want...
  • State Department granted New York terror plotter a student visa

    10/18/2012 2:34:48 PM PDT · by tsowellfan · 11 replies
    Last December, the State Department issued a student visa to the Bangladeshi man arrested this week for trying to blow up the Federal Reserve building with what he thought was a 1,000-pound bomb, the State Department confirmed today. Twenty-one-year-old Quazi Mohammad Rezwanul Ahsan Nafis, who was arrested Wednesday as part of an FBI sting operation, was reportedly in contact with al Qaeda before he entered the United States in January to attend Southeast Missouri State University, where he was studying cyber security...
  • Was the Fed bomber a Frank Amendment Terrorist?

    10/18/2012 3:27:29 PM PDT · by Chuckmorse · 6 replies
    Chuck Morse Speaks ^ | Oct 18, 2012 | Chuck Morse
    http://bookstore.iuniverse.com/Products/SKU-000028771/Barney-Frank-and-the-Law-of-Unintended-Consequences.aspx The short answer is yes,Quazi Mohammad Rezwanul Ahsan Nafis,, the Jihadist terrorist who plotted to bomb the Federal Reserve Bank in Manhattan, was able to get a Visa more easily from the State Department because of the Frank Amendment. Congressman Barney Frank sponsored over 10 such amendments in the 1990's, bills that he sheparded into law which made it easier for terrorists to enter into the United States with legal visas. Bill Clinton's CIA Director James Woolsey, speaking on the Frank Amendment to the Wall Street Journal stated that "Congress had made it illegal to deny visas to members...
  • Plot to attack Federal Reserve in NYC: Suspect thought he had 1,000-pound bomb, authorities say

    10/17/2012 7:04:32 PM PDT · by Nachum · 52 replies
    nbc ^ | 10/17/12 | Jonathan Dienst and Shimon Prokupecz, NBCNewYork.com
    Updated at 8 p.m. ET: NEW YORK - A suspected terrorist parked a van packed with what he thought was a 1,000-pound bomb next to the Federal Reserve building in Lower Manhattan and tried to detonate it Wednesday morning before he was arrested in a terror sting operation, authorities said. The suspect, 21-year-old Quazi Mohammad Rezwanul Ahsan Nafis, is a Bangladeshi national who came to the U.S. on a student visa in January for the specific purpose of launching a terror attack here, authorities said. He allegedly told an undercover agent last month that he hoped the attack would disrupt...
  • Andrew Jackson and the Bank

    07/15/2011 4:27:52 PM PDT · by cradle of freedom · 21 replies
    Has anyone seen the recent showing of Andrew Jackson on History International? The part of the program that intrigued my the most was the war between Andrew Jackson and the Bank of the United States which was the prescurser to the Federal Reserve Bank of today. Jackson and Nicholas Biddle had a real gladitorial combat over the existence of the bank. Jackson was totally against the bank, he thought it would too much power to the bankers, he believed that the bank was corrupt and unconstitutional. When the the bank's charter was up for a vote in 1836, Henry Clay...
  • The Federal Reserve Hoists Gay Pride Flag to Honor LGBT Month

    06/05/2011 7:02:23 AM PDT · by IbJensen · 44 replies
    Right Side News ^ | 6/5/2011 | Staff
    For the month of June, those working in the city of Richmond can view the Gay Pride flag as they go about their day as the Federal Reserve Bank of Richmond has hoisted the colorful flag to fly just under our Stars and Stripes. President Obama has declared June as LGBT Month. Local Christians and conservatives are outraged but there is little that can be done about it. A private firm like the Richmond Federal Reserve can promote the homosexual agenda all they want. Marshall to Richmond Fed: "Take Down That Flag" Lawmaker questions gay pride flag flown from Federal...
  • Fireworks? Ron Paul Gets Gavel for Fed Panel

    12/09/2010 10:57:02 AM PST · by speciallybland · 186 replies
    The Wall Street Journal ^ | 12/09/2010 | Danny Yadron
    Rep. Ron Paul, the Texas Republican who has passionately called for dismantling the Federal Reserve, will be running the panel that oversees the central bank when Republicans take the House majority next year. Mr. Paul has introduced legislation to abolish the Fed, wrote the book, “End the Fed,” and rallied support for eliminating it. Rep. Spencer Bachus (R., Ala.), who will take over the House Financial Services Committee from Rep. Barney Frank (D., Mass.), announced today that Mr. Paul, a libertarian who won a fervent following when he ran for president in 2008, will head the Domestic Monetary Policy Subcommittee....
  • Bernanke Speaks: What to Expect From Fed Chairman

    10/14/2010 7:59:56 PM PDT · by blam · 5 replies
    Wall Street Journal ^ | 10-14-2010 | Jon Hilsenrath
    Bernanke Speaks: What to Expect From Fed ChairmanOctober 14, 2010, 8:19 PM ET By Jon Hilsenrath Federal Reserve Chairman Ben Bernanke gives an important speech at the Federal Reserve Bank of Boston Friday morning on monetary policy in a low-inflation environment — important because it comes just a few weeks before the Fed’s next policy meeting and because the time is ripe for him to lay out his thinking on the Fed’s next steps more clearly. Here’s our best guess about some of the issues that we think are on his mind: Fed Chairman Ben Bernanke –Quantitative Easing: Even though...
  • Bernanke Doesn’t Want Congress Running Monetary Policy

    03/13/2010 10:49:44 AM PST · by ConservativeHideout · 7 replies · 232+ views
    Conservative Hideout 2.0 ^ | 3-13-10 | Jackie Durkee
    CBSNews Business has an article entitled “Bernanke Fights House Bill to Audit the Fed”. In that article the Chairman of the Federal Reserve, Ben Bernanke says “I don’t think the American people want Congress running monetary policy.” What!? Did I read that correctly? Yes, I did. Obviously, Ben Bernanke either does not believe in the Constitution of the United States or he has never read it. In Article I, Section 8 of the Constitution (Powers of Congress) it says “To coin money, regulate the value thereof, and of foreign Coin, and fix the standard of weights and measures.” In fact,...
  • Goldman Sachs insiders steal 200 million a day

    08/27/2009 11:38:21 PM PDT · by Sugarpuddin88 · 7 replies · 925+ views
    You Tube Video Max Keiser ^ | 27 Aug 09 | Sugarpuddin88
    Goldman Sachs insiders steal 200 million a day Goldman Sachs has bribed politicians to allow the use of their “insider software”; which allows them to know in advance which direction stocks are going! Trust me – It’s hilarious! And the rich wives of Goldman Sachs executives this weekend were screaming that the peasants needed to get out of their way at the Hamptons! The video is done in fun spirits – And the info is unbelievable! http://www.youtube.com/watch?v=BwETpwuSmvc
  • The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities [Didn't help the country much either]

    10/26/2008 5:24:51 PM PDT · by SJackson · 12 replies · 796+ views
    City Journal ^ | Oct 1, 2000 (yes, 2000) | Howard Husock
    The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation's banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups, intent, in some cases, on teaching their low-income clients that the financial system is their enemy and, implicitly, that government, rather than their...
  • New Federal Reserve Program Helps Illegals Send Money to Mexico

    12/15/2006 7:23:44 AM PST · by hedgetrimmer · 25 replies · 1,425+ views
    National Ledger ^ | Dec 14, 2006 | Tom Fitton
    If there is one thing this country needs, it’s a new government program designed to help illegal aliens send money to Mexico, don’t you think This week, JW released Federal Reserve marketing materials created for “Directo a México” [Direct to Mexico], a new government program designed to help immigrant workers in the U.S. – regardless of their legal status – send the money they earn here to their relatives in Mexico. We obtained the marketing materials, prepared for presentations to financial institutions in California in early November 2006, from the Retail Payments Office of the Federal Reserve in Atlanta, Georgia....
  • Federal Reserve Expanding Program That Helps Mexican Illegal Aliens Send Money Home

    10/12/2006 9:54:53 AM PDT · by jmc813 · 40 replies · 1,757+ views
    Lou Dobbs Tonight (Transcript) ^ | 10-11-2006 | Casey Wyan
    Apparently oblivious to the promised federal crackdown on illegal immigration, the U.S. Federal Reserve is expanding a program that helps Mexican illegal aliens send money home. It's called Directo a Mexico.The Fed's marketing material says it's the most convenient way to transfer your money to Mexico. The Fed says your family receives more pesos for every dollar you send, because Directo a Mexico offers the best exchange rate. And it reassures illegal alien customers they won't lose their money, even if they're deported. Texas Congressman Jeb Hensarling is on the committee overseeing the Federal Reserve.REP. JEB HENSARLING (R): Well, of...
  • Uncle Miltie’s Ugly Fed Lesson

    01/26/2006 2:04:36 PM PST · by Coleus · 2 replies · 383+ views
    TCS Daily ^ | 01.26.06 | David R. Henderson
    “The right man in the right place at the right time.” That’s a quote from an important article in Newsweek by economist Milton Friedman in which he claimed that the person about to be chairman of the Federal Reserve Board would be a good pick. No, Friedman didn’t write that in 2005 about Ben Bernanke. Instead, he wrote it in 1970 about his friend and fellow inflation hawk, Arthur Burns, who, shortly after becoming Fed chairman, stoked the fires of inflation and turned out to be one of the worst Fed chairmen of the post-World War II years. Moreover, Burns,...
  • Study Questions Jobless Figures

    07/19/2005 9:49:12 PM PDT · by sweetjane · 35 replies · 726+ views
    Marketwatch/The Daily Oklahoman ^ | 07-17-2005 | Rex Nutting
    Washington - The current low unemployment rate probably understates the true level of joblessness by 1 to 3 percentage rate, the senior economist at the Boston Federal Reserve says. Millions of potential workers who dropped out of the labor force during the recession four years ago have not returned and are thus not counted in the official unemployment statistics, said Katherine Bradbury in a paper published by the Boston Fed. The jobless rate fell to 5 percent in June. Labor force participation rates "have not recovered as much as usual and the discrepancies are large," she wrote. "Current low rates...