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So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics. (AP Photo) During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent. When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon,...

Dear Chairman Bernanke, It is our understanding that the Board Members of the Federal Reserve will meet later this week to consider additional monetary stimulus proposals. We write to express our reservations about any such measures. Respectfully, we submit that the board should resist further extraordinary intervention in the U.S. economy, particularly without a clear articulation of the goals of such a policy, direction for success, ample data proving a case for economic action and quantifiable benefits to the American people. It is not clear that the recent round of quantitative easing undertaken by the Federal Reserve has facilitated economic...

The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labor market, data showed on Thursday. Applications for unemployment benefits climbed to 428,000 in the week ending September10 from an upwardly revised 417,000 the prior week, the Labor Department said. It was the second straight week in which claims rose. Wall Street analysts had been looking for a dip to 410,000. Excluding one week in early August, claims have held above 400,000 since early April. A Labor Department official said there was no...

Palin: 'More power to Rick Perry' By: Alexander Burns August 18, 2011 03:16 PM EDT Sarah Palin, who said once again today that she's still open to a 2012 presidential bid, tells Fox News's Megyn Kelly that she's on Team Perry when it comes to the Federal Reserve: “More power to Rick Perry for calling it like he saw it, and the president in his typical reactionary way, did elevate Rick Perry and what it is that he had to say. And what Rick Perry had to say is what I wrote about 10 months ago, about quantitative easing...

NEW YORK (CNNMoney) -- Texas Governor Rick Perry has been on a Bernanke-bashing binge this week, demanding on Wednesday that the Federal Reserve "open their books up." That comment comes after Perry said earlier this week that it would be "treasonous" if Chairman Ben Bernanke used Fed policy to stimulate the economy before the election. But what books exactly does Perry want opened? The Federal Reserve already publishes its balance sheet online every Thursday for the entire world to see. Not only that, it is audited regularly. Every year, an external accounting firm audits the financial statements of the Federal...

“Helicopter” Ben Bernanke created about $600 billion dollars that he used to buy much of this year’s deficit. Other than stimulating the stock market (yeah!), it does not seem to have done much for the “real” economy: the one in which the unemployed find it impossible to find a job. The Fed thought it would have a stimulative effect, but the economy grew at an anemic 1.7% for the second quarter of 2011 (after a lousy 1.9% for the first quarter). Team Obama told us that this would be the “summer of recovery.” Do you feel that recovery yet? Here’s...

The Federal Reserve's massive stimulus program had little impact on the US economy besides weakening the dollar and helping US exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday. In a blunt critique of his successor, Fed Chairman Ben Bernanke, Greenspan said that the $2 trillion in quantative easing over the past two years had done little to loosen credit and boost the economy.

Determining when the next great liquidation will occur is impossible to predict with any degree of certainty; nevertheless it is fair to say the sooner the better.  Economic liquidation is a restorative process that corrects the harm done by inflationary policies.  If accepting of this premise, then liquidations or deflationary depressions cannot be considered the disease in need of cure which unfortunately has been the position of economic interventionists since the early 1920's. Instead, they are a necessary and unavoidable adjustment after years of excessive credit expansions have destabilized the economy.  Efforts to further delay these self-corrections by instituting a...

Wednesday, April 27, Federal Reserve Chairman, Helicopter Ben Bernanke, will hold the unconstitutional, private banking cartel's first ever press conference, in an attempt to put lipstick on the inflation pig he's created using a monetary scheme called, "Quantitative Easing", or "QE"...

See the South Park-style animation video minus the crude humor and cursing. http://www.creditwritedowns.com/2010/11/video-quantitative-easing-explained.html

Jeffrey Bell, a two-time campaign adviser to Ronald Reagan, says it’s high time that the United States return to the gold standard, abandoned by President Richard Nixon in 1971. He cites Reagan as a proponent of the monetary regime and squarely blames current Federal Reserve Chairman Ben Bernanke’s policies for the ongoing global economic stagnation. Bell is policy director of the American Principles Project. He served as an issues adviser in Ronald Reagan’s 1976 and 1980 presidential campaigns and was the Republican Party’s nominee for the U.S. Senate in New Jersey in 1978. Bernanke’s policies — extremely low interest rates...

International debate over reshaping the international monetary system is expected to speed up following last week’s Group of 20 summit. At the two-day meeting, France, Brazil, China and other members questioned the legitimacy of the U.S. dollar as the world’s dominant reserve currency and called for efforts to upgrade the half-century old order to be relevant to the new era. The French-led initiative gained momentum, especially from the impact of the recently announced U.S. plan to pump $600 billion into the market, which invited angry reactions from the G20 members. France, China and Brazil were at the forefront of the...

The Fed's printing press, explained by a cartoon. Awesome.

Great, funny video explaining Quantitative Easing 2: http://www.youtube.com/watch?v=PTUY16CkS-k&feature=player_embedded

This is not an article about investing in gold. This is an article about the total collapse of the dollar and Obama’s utter mismanagement of the country. That gold will reach $1600 by next January is a given. Things are falling apart so fast, that very few people understand the dynamics of this implosion. As we have said $1600 is a given. Where $5,000 comes in is a function of how quickly the liquidity of quantitative easing (QE) reaches all the cogs of the economy. The rapidity with which the QE lubricates the economic machinery is a function of the...

NEW YORK (TheStreet) -- The question being asked all across the world of business news is: Will QE2 be successful? Because this policy is literally economic suicide, the question becomes: Will the Federal Reserve be successful in the assisted economic suicide of the U.S. government? I find this an utterly appalling question -- which highlights the intellectual bankruptcy of government policymakers and the bankers who goad them onward. Quantitative easing is nothing more than a euphemism for printing money out of thin air. Its one-and-only purpose is to destroy the currency being printed. It is pure dilution and absolutely no...

9 Reasons Why Quantitative Easing Is Bad For The U.S. Economy Buckle up and hold on - a new round of quantitative easing is here and things could start getting very ugly in the financial world over the coming months. The truth is that many economists fear that an out of control Federal Reserve is "crossing the Rubicon" by announcing another wave of quantitative easing. Have we now reached a point where the Federal Reserve is simply going to fire up the printing presses and shower massive wads of cash into the financial system whenever the U.S. economy is not...

There's one good thing that'll come out of the Federal Reserve's likely decision tomorrow to create more money so it can continue sham purchases of government debt. It's this: if Washington continues to monetize our country's liabilities in this way, we will no longer need the Bureau of Printing and Engraving -- a considerable cost savings. Yep, keep this up and US dollars will soon be supplied by Charmin. And this has worked pretty damn well. In fact, assets coming into the dollar from around the world have made the US economy the strongest, most resilient one ever on this...

As the U.S. prepares to embark on a new round of Federal Reserve quantitative easing, there are plenty of reasons to doubt that it is the right course for the economy and job creation. Here’s another: The voyage might have to be aborted — or at least diverted — soon after QE2 leaves the dock because the Fed may be sailing into a political hurricane.

As I mentioned in Part I, quantitative easing (QE) is the action by the Fed of creating money out of thin air and injecting it in to the financial system. Although this subject hard to grasp for many Americans, it is essential to understand what is going on. Like a thief in the night, QE can rob you blind while you lay in a blissful sleep, stealing your wealth without your knowledge or consent! The QE process used by the Fed is somewhat confusing. While it is not necessary to understand the intricate details, if you can get the gist...