Keyword: reserve

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  • Iraq war veteran claims Trump University fired her for serving in the Army Reserve

    06/02/2016 1:00:40 PM PDT · by lowbridge · 35 replies
    CNN ^ | June 2, 2016
    An Iraq war veteran claims she was fired by Trump University because she needed two days a month off in order to serve in the Army Reserve. Corrine Sommers, who worked for Trump University for five months, sued Trump University after she was dismissed in October 2007. She reached a confidential settlement in that case. But she later alleged that she was fired because of her military service in a November 2012 deposition she gave in a federal class action suit that accused the school of fraud. That deposition was unsealed this week. Sommers alleged that a supervisor at the...
  • What If a New Constitutional Convention Overthrows the Federal Reserve Act because of Lois Lerner?

    05/26/2015 9:42:10 PM PDT · by CharlesOConnell · 8 replies
    Sacra Pizza Man blog ^ | 5/26/2015 | Sacra Pizza Man
      I heard a man speak on Tony Brown’s Journal in the 1980s, on the thesis that the Federal Reserve System is a tax-farming system, creating monies out of nothing, loaning them to the United States, charging interest that must be repaid with taxes. It sounds paranoiac, until you learn that the Federal Reserve Act was closely associated with the ratification of the Sixteenth Amendment to the US Constitution establishing the Federal Income Tax. Now that Texas is close to pushing us over the top of the number of states required to ask Congress to call a Constitutional convention, what might happen...
  • The Military Bankrolled Spocks Early Acting Gigs

    03/08/2015 8:31:28 PM PDT · by 2ndDivisionVet · 23 replies
    War is Boring ^ | March 1, 2015 | Matthew Gault
    Leonard Nimoythe famed actor synonymous with Star Treks iconic Mr. Spockdied on Feb. 27. He leaves behind two children, a storied career and one of the most recognizable characters in pop culture. Hes also a reminder of a different era in Americathe years after World War II when the military was more connected to the public, and when it wasnt so strange for an actor to be a soldier at the same time. In the early 50s, Nimoy was just another hungry actor with parents who worried hed never have a real job. So he did what a lot of...
  • money for nothing the movie

    02/19/2015 8:29:40 AM PST · by entropy12 · 23 replies ^ | 2013 | Liev Schreiber
    Nothing Inside The Federal Reserve is an independent, non partisan documentary film that examines America's central bank in a critical, yet balanced way. Narrated by the acclaimed actor Liev Schreiber, and featuring interviews with Paul Volcker, Janet Yellen, Jeremy Grantham and many of the world's best financial minds, Money For Nothing is the first film ever to take viewers inside the world's most powerful financial institution.
  • Study Finds 25% of Troops Use Food Banks

    08/19/2014 9:28:00 AM PDT · by george76 · 11 replies
    Military ^ | Aug 18, 2014 | Amy Bushatz
    A new study suggests that 25 percent of troops in active duty, Guard and the Reserve use food banks to provide groceries and meals for themselves or their families. The study sponsored by Feeding America, the nation's largest food bank network, is conducted once every four years and was based on data collected in 2012. It found that four percent of surveyed households who used a food bank contained a currently serving military member. Based on those results, Feeding America officials estimated that 620,000 of their 46.5 million customers, or about 25 percent of the military population in 2012, used...
  • The Federal Reserve Exudes Growing Desperation

    12/13/2013 11:11:21 AM PST · by publius321 · 13 replies
    A Marketwatch column points out that the "Fed wants to exit QE but keep long-term rates low". This is as realistic as saying that "I want to get rich but I do not want to work". They cannot keep rates down without buying UNLESS the Treasury takes over, literally prints the money off their presses - then buys their bonds themselves at auction instead of the Federal Reserve buying. One of the things that keeps these scoundrels in the administration out of prison is that...
  • Federal Reserve Board Issues Redesigned $100 Note

    10/08/2013 8:10:54 AM PDT · by servo1969 · 27 replies ^ | 10-8-2013 | Federal Reserve
    For Immediate Release October 8, 2013 Federal Reserve Board Issues Redesigned $100 Note The Federal Reserve on Tuesday began supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine. Distance, demand, and the policies of individual financial institutions will influence how quickly the redesigned notes reach businesses and consumers around the world. The new design incorporates security features that make it easier to authenticate, but harder to replicate, said Federal Reserve Board Governor Jerome H. Powell. As the new note transitions into daily...
  • Texas Monthly Talks - A Conversation with Richard Fisher Dallas Fed Reserve President

    10/07/2013 11:07:22 PM PDT · by ziravan · 5 replies
    Campus of SMU | 10/7/13 | Richard Fisher
    I went to listen to Dallas Fed Reserve President Richard Fisher speak tonight on the Campus of SMU in Dallas sponsored by Texas Monthly. There are a few observations I wanted to make: 1. Fisher states that the Fed has two legislated missions: monetary policies to maintain price stability, and policy to attain maximum employment. Fisher says the latter is an impossible mission because the Fed can set the right conditions that would allow for full employment, but they cannot control the policy decisions that would allow for it. Three times he said this. His example: the Fed is pumping...
  • Federal Reserve holds $2 trillion in U.S. debt

    08/20/2013 7:56:29 AM PDT · by Prospero · 32 replies ^ | August 19, 2013 | Terence P. Jeffrey
    The Federal Reserves holdings of publicly traded U.S. Treasury securitiesfederal government debtpushed above $2 trillion for the first time last week, hitting approximately $2,001,093,000,000 as of Aug. 14, according to the Feds latest weekly accounting. The Feds accounting for the previous week showed that it had owned approximately $1,993,375,000,000 in U.S. Treasury securities as of Aug. 7. Back on Dec. 31, 2008, before the Fed began its strategy of Quantitative Easing," the Fed owned only $475.9 billion in U.S. Treasury securities. Since then, the Feds holdings of U.S. government debt have more than quadrupled
  • Congress votes to keep helium program

    04/27/2013 5:26:38 AM PDT · by haffast · 21 replies
    UPI ^ | April 27, 2013 at 12:40 AM | UPI
    WASHINGTON, April 27 (UPI) -- The U.S. House voted overwhelmingly to keep the Federal Helium Program, set up after World War I to guarantee U.S. dirigibles would have the gas they needed. The vote Friday was 394-1, The Washington Post reported. The helium program has been a target of small government advocates for decades. President Ronald Reagan wanted to eliminate it and President Bill Clinton put it on his reinventing government target list -- along with aid to beekeepers and wool producers. He succeeded in killing the latter two programs but they were revived a few years later, the Post...
  • Salazar announces Alaska Petroleum Reserve plan

    12/19/2012 6:37:11 PM PST · by Nachum · 5 replies
    Anchorage Daily News ^ | 12/19/12 | DAN JOLING Associated Press
    ANCHORAGE, Alaska The Interior Department's plan for managing a vast petroleum reserve on Alaska's North Slope calls for a roughly 50-50 split between conservation and oil development plus accommodation for a pipeline that could carry offshore Arctic Ocean oil to the trans-Alaska pipeline. Interior Secretary Ken Salazar on Wednesday announced that the plan will allow for development of nearly 12 million acres within the 23 million-acre National Petroleum Reserve-Alaska, an area roughly the size of Indiana. Salazar said in his announcement that the plan will guide the transition from leasing and exploration to responsible production and transport of the...
  • STUNNING! First Audit Results In The Federal Reserves Nearly 100 Year History

    09/03/2012 4:59:19 AM PDT · by wesagain · 43 replies
    Sanders Blog ^ | July 21, 2011 | Senator Bernie Sanders
    The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations...
  • Federal Reserve Bank Members Tour Bakken

    08/20/2012 3:21:07 AM PDT · by Son House · 34 replies
    Williston Herald ^ | August 17, 2012 | Mark McNeillie
    On Thursday, members of the Federal Reserve Bank of Minneapolis took a tour of the Bakken area. The trips was planned so that Bank President Narayana Kocherlakota and his staff could gather more information on what is currently happening in the region from an economic standpoint. Obviously, whats happening here in the Bakken we took a tour today between Minot and Willistonis quite special, said Kocherlakota in meeting with the press after the tour. Just the level of economic vitality is quite different her relative to anywhere else. With all the struggles in the national economy, western North Dakota is...
  • Audit The Federal Reserve Now: Urge Your Representatives To Vote For HR 459

    07/01/2012 7:13:27 PM PDT · by markedmannerf · 2 replies
    07-01-12 | me
    HR 459 will be discussed and hopefully voted on this month. This bill calls for an audit of the Federal Reserve. See the bill here: Urge your representatives to vote for this bill! Send them messages and sign this petition: More details on this bill from Ron Paul here: Everyone please call or email.
  • S. Korea: Not your Ordinary Reserve, but Special Force Reserve (kickass oldies)

    06/08/2012 7:15:22 AM PDT · by TigerLikesRooster · 5 replies
    JoongAng Ilbo ^ | 04/26/12
  • President Trojan Horse's Slight of Hand Game with Strategic Reserve

    03/17/2012 7:17:45 PM PDT · by publius321 · 9 replies ^ | 3/17/2012 | Scott Ryan
    Commentary on President Trojan Horse's energy policy & destruction of America from within.
  • CONFIRMED: The Trillion-Dollar Lawsuit That Could End Financial Tyranny

    02/24/2012 10:52:20 AM PST · by TPOOH · 18 replies · 2+ views
    DivineCosmos Blog ^ | Dec 12 2011 | David Wilcock
    IT MAY BE THE BEST THING THAT'S EVER HAPPENED TO US As I write these words, the average person is coming face-to-face with disturbing, dire news. Not only could the disastrous financial debacle of 2008 be about to repeat itself, it may even be a lot worse this time. As of November 28, 2011, media outlets announced that we could be as little as ten days away from a complete collapse of the Euro -- and with it, much of the rest of the world's economies could be pulled down as well. Yet another grandiose "bailout" maneuver was used to...
  • CONFIRMED: The Trillion-Dollar Lawsuit That Could End Financial Tyranny

    02/24/2012 10:52:20 AM PST · by TPOOH · 7 replies
    DivineCosmos Blog ^ | Dec 12 2011 | David Wilcock
    IT MAY BE THE BEST THING THAT'S EVER HAPPENED TO US As I write these words, the average person is coming face-to-face with disturbing, dire news. Not only could the disastrous financial debacle of 2008 be about to repeat itself, it may even be a lot worse this time. As of November 28, 2011, media outlets announced that we could be as little as ten days away from a complete collapse of the Euro -- and with it, much of the rest of the world's economies could be pulled down as well. Yet another grandiose "bailout" maneuver was used to...
  • Germany: Bundesbank gold location kept secret

    11/08/2011 4:51:28 AM PST · by TigerLikesRooster · 18 replies
    Bundesbank gold location kept secret Published: 8 Nov 11 12:00 CET As pressure grows for Germany to tap its gold reserves amid the European sovereign debt crisis, the Bundesbank is refusing to end its silence on where its more than 3,000 tonnes of the precious metal is stored. On Tuesday, the daily Financial Times Deutschland examined the speculation on where Germanys horde of gold is being kept. The country's estimated 3,401 tonnes is the second largest national reserves after that of the United States. Much of Germanys gold would appear to be still in America, where it was held during...
  • US taxpayers could be on hook for Europe bailout

    09/16/2011 2:21:38 PM PDT · by BradtotheBone · 10 replies
    MSNBC.COM ^ | 09/16/2011 | John W. Schoen
    The U.S. is coming to Europe's financial rescue. So far, America's role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from America's status as the single largest source of money for the International Monetary Fund. The latest round of American financial assistance came Thursday with a promise by the Federal Reserve to swap as many dollars for euros as European bankers need. In the short run, those transactions won't have much impact because the central banks...
  • U.S. Dollar Is The Next Financial Shoe To Drop (Foreign Flight If USD loses global reserve status)

    08/09/2011 9:39:01 AM PDT · by SeekAndFind · 8 replies
    Forbes ^ | 08/09/2011 | Jonathan Sherman
    There are a lot of headlines lately about the debt issues in the United States (not to mention Europe and Japan). But what does this issue mean for the investor? It appears that the whole system of fiat currencies is being challenged. In other words, the real issue here is how long will the Dollar (and Euro and Yen) remain viable currencies? A little historical background is useful. By definition, fiat currency only has value because of government regulation or law; it is not convertible into anything, like silver or gold, and is declared as legal tender by the issuing...
  • Oil Traders: Tapping Reserve Was 'Genius' Move by Obama

    06/23/2011 4:07:29 PM PDT · by upbeat5 · 71 replies ^ | June 23, 2011 | John Melloy
    With US crude prices already down 16 percent from their April high, pundits and politicians everywhere were asking Thursday: "Why would President Obama tap the Strategic Petroleum Reserve when oil prices were already falling? The answer is simple: Obama knew this would have the maximum impact, hitting speculators on the chin, according to traders. Arguably the timing of the release is genius, said Stephen Weiss of Short Hills Capital. If the SPR had been released as crude worked higher, the effect would have been relatively momentary, but releasing it now, with the momentum on crude prices turning down, will add...
  • Sarah,America is watching. Please defend our Founders on tax reform, deficits and honest money!

    06/08/2011 6:41:03 AM PDT · by JOHN W K · 2 replies
    American Constitutional Research Service ^ | 6-7-2011 | John William Kurowski
    What is so disturbing to observe among those who are running to hold our nation’s offices of public trust is, rather than identifying and working to withdraw legislative authority which allows our folks in Washington to cause economic misery and hardship, they engage in endless table talk regarding which of their opponents has supported specific legislation that has inflicted the miseries we experience. Occasionally those running for office may even be bold enough to offer a plan to re-arrange the deck chairs on a sinking ship. But is it not common sense and in the best interests of a nation...
  • Pennsylvania Politicians Say States ($540 million) Surplus Should Be Put In Reserve ($3 billion)

    06/05/2011 1:13:17 PM PDT · by Libloather · 9 replies
    CBS Local ^ | 6/04/11
    Pennsylvania Politicians Say States Surplus Should Be Put In ReserveJune 4, 2011 4:00 AM HARRISBURG, Pa. (CBS) - Pennsylvanias top fiscal watchdog, a Democrat, is siding with the Republican governor and the state House GOP in saying most of the half-billion dollar surplus in the current budget should be put in reserve. Pennsylvania revenue collections are $540 million dollars above projections for the current fiscal year. But due, in part, to the loss of federal stimulus money, drastic cuts have been proposed for the next budget. State House Democrats invoke Global Insight, an economic consulting firm, saying that Pennsylvania is...
  • Federal Reserve reports record profit (2010 - $81.7 billion)

    03/23/2011 11:45:48 AM PDT · by Libloather · 24 replies
    The Hill ^ | 3/22/11 | Peter Schroeder
    Federal Reserve reports record profitBy Peter Schroeder - 03/22/11 12:12 PM ET The Federal Reserve turned a record $81.7 billion profit in 2010, up 53 percent from 2009, the central bank reported Tuesday. The vast majority of the Fed's profit $79.3 billion will be turned over to the Treasury Department, with the rest being paid out to member banks in dividends. A substantial chunk of that profit came from increased interest income from the $1 trillion in mortgage-backed securities the Fed purchased during the financial crisis to help stabilize the housing market. The Fed made $24.4 billion more...
  • White House calls push for strategic oil reserve release premature (Hussein is very mindful)

    03/05/2011 6:14:16 AM PST · by Libloather · 18 replies
    The Hill ^ | 3/04/11 | Ben Geman
    White House calls push for strategic oil reserve release prematureBy Ben Geman - 03/04/11 04:49 PM ET White House press secretary Jay Carney on Friday declined to say if a specific oil price would prompt a release from the Strategic Petroleum Reserve. The White House is under pressure from several Democrats to release oil from the 727-million barrel reserve as energy prices rise alongside turmoil in North Africa and the Middle East. Asked at what point the Obama administration would mull a release from the reserve, Carney replied: We don't have a number to tell you that drives those decisions....
  • Geithner: We can tap oil reserves if we need them

    03/03/2011 2:12:01 PM PST · by afraidfortherepublic · 76 replies
    CNN Money ^ | 3-3-11 | Jennifer Liberto
    WASHINGTON ( -- Treasury Secretary Tim Geithner told lawmakers Thursday that the U.S. and other nations are prepared to tap back-up oil reserves if Libya unrest continues and severely disrupts oil supplies. Libya is the first oil exporting nation to be engulfed in the political upheaval spreading across North Africa and the Middle East, and investors have been worried that chaos in the region will drive crude prices even higher. Price spikes have followed increasingly violent protests in Libya that have claimed more than 1,000 lives, according to the United Nations. Libya's ambassador to the United States has estimated the...
  • Dollar's Dominance to End: Hedge Fund Titan Dalio

    03/03/2011 12:49:59 PM PST · by FromLori · 73 replies
    CNBC ^ | 3/3/2011 | Natalie Erlich
    The dollar's dominance in the world will diminish, due to increased pressure from emerging markets to raise interest rates to slow their economies over the next 18 months, Ray Dalio, founder & CIO of Bridgewater Associates told CNBC. "It's inevitable that the dollar's role as the world's currency will diminish from the dominant world currency to one of a few," he said. "It will fade probably fairly quickly so the United States which accounts for almost two-thirds of the reserves will probably go down to 50 percent of the world's reserves and it will have an effect on lending," he...
  • Federal Reserve Balance Sheet Update: Excess Reserves Surge, Fed Owns 37% More Treasurys Than China

    02/25/2011 7:18:34 AM PST · by FromLori · 18 replies
    ZeroHedge ^ | 2/25/2011 | Tyler Durden
    There are two key datapoints to present in this week's Fed balance sheet update: the surge in excess reserves, and the comparative Treasury holdings between the Fed and other foreign countries. But first the basics: the total Fed balance sheet hit a new all time record of $2.5 trillion. The increase was primarily driven by a $23 billion increase in Treasury holdings as of the week ended February 23 (so add another $5 billion for yesterday's POMO) to $1.214 trillion. With rates surging, QE Lite has been put on hibernation and there were no mortgage buybacks by the Fed in...
  • Largest natural gas reserve discovered in Israel worth approximately $95 billion

    12/29/2010 5:36:01 PM PST · by Nachum · 40 replies · 9+ views
    haaretz ^ | 12/29/10 | Avi Bar-Eli, Lior Zeno and Yaron Cohen Zemah
    The largest reserve of natural gas, over 16 trillion cubic feet, has been discovered off the coast of Israel, and is estimated to be worth more than $95 billion, U.S. company Noble Energy Inc. announced on Wednesday. Noble Energy owns 39.66% of the prospective discovery, alongside Israeli partners Delek Group Ltd. units Avner Oil and Gas LP and Delek Drilling LP (22.67% each), and Ratio Oil Exploration (1992) LP with 15%. The reserve, Leviathon, is the largest amount of natural gas discovered in the world in the last decade and is located in approximately 5,400 feet (1,645 meters) of water,...
  • Tony Demasi and the Media

    12/06/2010 7:47:56 AM PST · by pinstripes715
    Chicago Elections 2011 ^ | 12/06/2010 | Michael Volpe
    One night during the heyday of the refinancing boom, Alderman Walter Burnett, once a car thief and now the Alderman of the 27th Ward, was having a few drinks in the then new staple of Chicagos nightclub scene Reserve, which just happened to be located in the West Loop neighborhood of his ward. It was relatively early in the evening. Not too many folks were yet around but one was the owner, Tony Demasi. Tony, Ive got a great valet guy you can use, said Burnett. Thanks sir, but Im happy with my valet guy Demasi responded. He is the...
  • .5-Year TIPS Sold At Negative Yield For First Time

    10/25/2010 9:24:21 PM PDT · by Fpimentel · 12 replies
    Wall Street Journal ^ | OCTOBER 25, 2010 | Deborah Lynn Blumberg
    NEW YORK (Dow Jones)--The government sold five-year Treasury inflation protected securities Monday at a negative yield for the first time ever, a sign of investors' strong conviction that the Federal Reserve will buy more bonds, which could stoke inflation. The government sold $10 billion in previously sold five-year TIPS for negative 0.55% yield after selling them at a 0.550% yield when they were originally sold in April. Because the market expects inflation will be positive over the next five years though, the expected return for the five-year TIPS is still positive. Investors have been buying TIPS, which provide protection against...
  • Memories of 6-month Afghanistan tour linger for Reserve nurse

    04/07/2010 5:39:05 PM PDT · by SandRat · 3 replies · 307+ views
    Air Force News ^ | Megan Just
    4/7/2010 - MARCH AIR RESERVE BASE, Calif. (AFNS) -- Maj. Deborah Lehker's job isn't an easy one to leave behind. For the past six months she has been a member of a three-person team of medical professionals caring for critically wounded servicemembers during medical evacuations in Afghanistan. When she arrived at March Air Reserve Base March 10 for outprocessing, she was ecstatic to be back in the United States and just hours away from the short flight that would take her the rest of the way home to her family in Phoenix. "It's going to be awesome," she said with...
  • 'There is a god,' says RBA governor

    03/30/2010 6:40:29 PM PDT · by Aussie Dasher · 1 replies · 347+ views
    Herald Sun ^ | 31 March 2010
    "THERE is a God; this is worth checking out," says Glenn Stevens, governor of the Reserve Bank of Australia (RBA). But God may not be omnipotent, for God was not responsible for the global financial crisis, Mr Stevens told Wesley Mission's Easter Breakfast today. Mr Stevens spoke of how his faith influenced his daily life and his role at the RBA. The governor, a regular churchgoer in southern Sydney who directs and plays guitar in the church band, said his faith was part of who he was. "If you're a Christian, God has given you certain capabilities to do a...
  • Built on a Lie: The Fundamental Flaw of Europe's Common Currency

    03/11/2010 6:04:43 AM PST · by Leisler · 19 replies · 477+ views
    Spiegel ^ | 03/09/2010 | Staff
    .... again in typical Hollywood fashion, European governments tried to frame the conflict as a final battle between good and evil: between politicians acting for Europe's common good and greedy financial sharks interested purely in their profits and capital gains. But it isn't quite that easy. Many of the most notorious gamblers don't work on the trading floors of international financial centers, but in government offices in Athens, Madrid, Berlin and Brussels. They have either used the euro, along with tricks and falsification, to live for years at the expense of others, or they have deliberately looked the other way....
  • Kick Rocks!

    02/05/2010 6:13:12 AM PST · by tomdavidd · 4 replies · 326+ views
    "The Fed Scam" ^ | Feb 05, 2010 | Thomas D. Dowling
    Our money is created as a debt and it's the interest from that debt that's killing us. Worldwide, this is the Real Cause behind Most War, Disease, Misery and Poverty The Interest We the People pay on our National Debt is now over 700 Billion Dollars a Year. Over $700,000,000,000.00 a Year Interest.
  • The Bernanke Whip Count: 44-18

    01/26/2010 9:29:58 AM PST · by OldDeckHand · 15 replies · 456+ views
    Hotline ^ | 01/26/10 | Reid Wilson and Dan Friedman
    Update I: Sen. Ben Cardin (D-MD) announced his intention to vote for Bernanke in a statement released this morning. The clock on Fed chief Ben Bernanke's first term is running down, but Senate leaders have yet to schedule a vote on his reconfirmation. Still, with just a few days left before Bernanke's term ends on Sunday, momentum appears on his side. On Monday, aides to several Dem senators told Hotline OnCall their bosses would vote for Bernanke's confirmation, while just one -- Sen. John McCain (R-AZ) -- formally announced he would oppose Bernanke. Countering McCain, Sens. Paul Kirk (D-MA), Kay...
  • Fed Fictional Reserve Lending And The Myth Of Excess Reserves

    12/22/2009 9:50:05 AM PST · by FromLori · 11 replies · 393+ views
    Market Oracle ^ | 12/22/09 | Mike_Shedlock
    In A Case for the Inflation Camp Robert P. Murphy asks When Will the Inflation Genie Get Out of the Bottle? Murphy's concern is over "excess reserves". My reason for expecting large-scale price inflation is fairly straightforward: I see no coherent strategy for Bernanke to remove the excess reserves from the banking system. ... After reviewing the evidence and the theories offered by the two camps, I still believe that Bernanke's unprecedented infusions of new reserves will lead to rapid price increases. These increases may not show up in the price of US financial assets, but they will rear their...
  • Face of Defense: Medic Hopes Her Story Helps Others

    11/04/2009 3:43:34 PM PST · by SandRat · 280+ views
    Face of Defence ^ | Jim Garamone
    NORFOLK, Va., Nov. 4, 2009 Army Staff Sgt. Megan Krauses words come out in a rush, as if she wants everyone to hear and learn from her story. Staff Sgt. Megan Krause, an Army Reserve medic who has served in Iraq and Afghanistan, hopes to help other servicemembers by telling her story of seeking help when post-traumatic stress had her spiraling out of control. Courtesy photo(Click photo for screen-resolution image);high-resolution image available. Krause, an Army reservist with the 365th Engineer Battalion in Pennsylvania, does want people to hear her story, and she wants to connect with servicemembers so they...
  • The Smoking Gun Behind US Monetary Policy

    10/01/2009 10:15:50 AM PDT · by h20skier66 · 4 replies · 503+ views
    Commodity News Center ^ | 10/1/09 | Adrian Ash
    "The transcending value seen in the Dollar has lost its foundation..." A SHORT SERIES of secret memos, published and dissected at ZeroHedge, provide the "smoking gun" of gold-market manipulation. Apparently. And given this little slew of dusty archive-digging - throwing up three documents from 1968 to 1975, each one declassified within thirty years - then "If over 40 years ago the Fed and the members of the gold 'Pool' were openly intervening in the gold market, one can only imagine what the situation is now..." Go on, just imagine. Because imagination is what you'll need if you're going to nail...
  • China: Govt to raise oil reserve enough to last 90 days(building huge oil storage in Xinjiang)

    09/26/2009 6:29:42 AM PDT · by TigerLikesRooster · 12 replies · 408+ views
    China Daily ^ | 09/26/09
    Govt to raise oil reserve enough to last 90 days China will stockpile a third phase of strategic oil reserves after the second phase is finished, in a move to meet international standards of reserve capacity, a senior energy official said Friday. In accordance with the standards of the Organization for Economic Co-operation and Development (OECD), China will work to increase its strategic oil reserves capacity to 90 days, Zhang Guobao, head of the National Energy Administration (NEA), said at a press conference Friday. "At present, we are far from this level," said Zhang, who is also vice-minister of the...
  • Nix The Dollar! It's time to end the buck's role as the world's currency.

    09/14/2009 4:50:39 AM PDT · by SeekAndFind · 23 replies · 676+ views
    Forbes ^ | 9/14/2009 | John Tamny
    President Nixon's Treasury Secretary John Connally once famously quipped to a gathering of European central bankers that "the dollar may be our currency, but it's your problem." Connally got it partially correct. Rather than a problem solely suffered by those outside the U.S., the dollar's debasement on Connally's watch brought Americans great harm too. Devaluationist policies never enhance growth, and just as they created problems for the rest of the world, they similarly gave us the lost decade that was the 1970s. Connally made his comment when the dollar seemingly had a definition in terms of gold. The dollar was...
  • China alarmed by US money printing(china to buy gold)

    09/07/2009 3:32:00 PM PDT · by Americaneedsyoou · 22 replies · 1,515+ views ^ | 06 Sep 2009 | Ambrose Evans-Pritchard,
    China alarmed by US money printing The US Federal Reserve's policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy By Comment on this article Working for the Yankee dollar: Beijing is said to be dismayed by the Fed's recourse to 'credit easing' Photo: Reuters Cheng Siwei, former vice-chairman of the Standing Committee and now head of China's green energy drive, said Beijing was dismayed by the Fed's recourse to "credit easing". "We hope...
  • U.S. judge rules for Fed in Fox News Network request (FOIA Rqst for Fed Loans to Banks)

    07/30/2009 4:28:23 PM PDT · by OldDeckHand · 7 replies · 647+ views ^ | July 30, 2009 | Staff
    NEW YORK (Reuters) A U.S. judge on Thursday denied a bid by Fox News Network LLC seeking details from the Board of Governors of the Federal Reserve about the central bank's loans to companies affected by the financial crisis. The owner of the Fox Business cable network made an initial request for documents in November last year under the Freedom of Information Act (FOIA) about the companies and funds they received between August 2007 and November 2008. Both parties had filed motions with U.S. District Judge Alvin Hellerstein in Manhattan federal court to rule in their favor after Fox...
  • Very Interesting Video: Money, Banking and the Federal Reserve

    07/24/2009 1:38:22 PM PDT · by Notoriously Conservative · 257+ views ^ | 07 24 09 | Notoriously Conservative
    This is a very, very interesting video. Most people don't know the history behind the federal reserve, or even what the reserve is. This video gives a lot of detail on both. Must see. The video can be found here.It can also be found on youtube.
  • It will be a cold day in hell before he socializes my country!

    07/21/2009 11:19:31 AM PDT · by Pikachu_Dad · 40 replies · 3,404+ views
    Hot Air ^ | July 21, 2009 | Laura
    President Obamas cabinet has quietly begun touring flyover country in order to build support for various policies. The small-town tours most recent stop was Reserve, Louisiana, where Kathleen Sebelius, Eric Shinseki, Hilda Solis and Tom Vilsack showed up to wow the rubes with snake oil promises of Free Healthcare. The rubes werent buying; even the local media described the crowd as skeptical. Sebelius perpetuated the lie that 47 million Americans have no insurance coverage - many included in that statistic are not Americans, and many are already eligible for Medicaid or SCHIP. (Watch this video for a breakdown of the...
  • Irrational finance

    07/06/2009 5:26:40 AM PDT · by ovrtaxt · 213+ views
    World Net Daily ^ | July 6 2009 | Vox Day
    One of the more remarkable things about the expansion of the subprime financial crisis into a general economic contraction is the Federal Reserve System's narcissistic focus on itself. In his speeches, Ben Bernanke spends more time talking about the Federal Reserve's balance sheet and how stupendously fabulous it continues to be despite the vast quantities of loans it is making to shore up various aspects of the financial system than he does about the unemployment rate or the expected effects of economic contraction on the public. It's rather like a seeing a speeding school bus full of children smash into...
  • Don't Panic! Total banking collapse in May?

    04/20/2009 8:59:12 PM PDT · by Errant · 126 replies · 4,561+ views
    Youtube Video ^ | April 20, 2009 | FeverIAm
    Link to FeverIAm's video about possible difficulties revealed by the recent government stress tests. - Obama grinning from ear to ear.
  • Army Reserve Employer Partnership Unfazed by Flagging Economy

    03/20/2009 4:16:54 PM PDT · by SandRat · 131+ views
    WASHINGTON, March 20, 2009 A program that links Army reservists with civilian employers is going strong -- despite record unemployment and gloomy hiring predictions -- as more employers sign on every month so they can hire qualified reservists. The American Trucking Association and INOVA Health Systems of Northern Virginia broke new ground in April 2008 as the first formal members of the Army Reserve Employer Partnership Initiative. Within six months, 65 employers had joined, and the program hit a milestone in February with its 200th employer partner. Now Army Reserve officials are laying plans for the University of...
  • Followup: Reserve Banking(Karl Denninger)

    03/15/2009 12:56:25 PM PDT · by dennisw · 7 replies · 661+ views
    Karl Denninger ^ | 3 15 2009 | Karl Denninger
    Well that created a stir.... including a couple of bans for people who decided (despite being warned!) that this would NOTturn into their personal version of a place to run conspiracy theories unrelated to the topic (e.g. "The Fed is an illegal xxxx", or even better, "income taxes are unconstitutional")This is one of the unfortunate realities of Internet discussion forums, and why I don't have comments directly enabled here on The Ticker, instead redirecting them to the forum. There are only 24 hours in a day and despite some people's belief that I'm Borg, I do need to sleep....