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Global Financial Markets Tremble as Bad Economic News Continues to Pour in

Posted on Jun 01, 2011 in Economic News, Federal Reserve & Bankers – Kevin Hayden

Source: Economic Collapse Blog

As the U.S. economy starts to slow down once again, global financial markets are beginning to tremble.  Over the past couple of weeks, all kinds of bad economic news has been pouring in.  The ADP jobs report was a “disaster”, the housing numbers are dismal, manufacturing has slowed way down and consumer confidence is dropping like a rock.  The Democrats and the Republicans are bickering over the debt ceiling and this is causing a lot of uncertainty as well.  All of this bad news is starting to spook investors.  On Wednesday, the Dow was down 279 points and the NASDAQ was down 65 points. It was the worst day of the year for the Dow, and many are wondering what is going to happen next if we see even more bad economic data.  QE2 is slated to end at the end of the month, and already the bond markets seem to be anticipating QE3.  If the U.S. economy enters another significant downturn during the second half of 2011, it seems quite likely that the Federal Reserve would attempt to do something to stimulate the economy and that would probably mean more money printing....

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China Prepares to Launch Gold ETFs as Utah Becomes First State to Make Gold and Silver Legal Tender

Posted on May 23, 2011 in Economic News – Kevin Hayden

Source: Zero Hedge

Following Friday’s news that China has now surpassed India as the world’s largest buyer of gold, it is becoming increasingly obvious that the country is trying to capitalize on the popular interest in the precious metal by transferring the trading infrastructure away from US to domestic capital markets. First, it recently launched a 1 kilo gold futures contract on the HK Merc in an obvious attempt to undermine the Comex monopoly in the space, and next it seems that China has the GLD plain in its sights, as it plans to start exchange-traded funds, tapping rising demand in China, the world’s biggest investment market for the precious metal. Often blamed for the recent volatility in the price of gold, precious metal ETFs have been primarily an instrument available to those with access to the US market. That appears to be ending, and with an entire nation suffering from gold fever (as inflation continues to be goalseeked by the China politburo above expectations in what appears to be a programmed attempt by the Chinese central planners to push its population into gold hoarding) and about to be offered a simple way of investing in (paper) gold, it is likely that the price of gold (and soon thereafter all other commodities) will see unprecedented spikes in price in either direction as millions more are given direct exposure to trading the non-dilutable currency equivalent.


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On the Road with Ron Paul

Posted on May 03, 2011 in Constitutional & Liberty Issues, Political Issues – Kevin Hayden

Source: Economic Policy Journal

Last week Friday, I had the opportunity to spend time with Ron Paul.

It was a chance to get a sense of Dr. Paul that went beyond the short sound bites and brief television appearances that is the way we generally get to gauge presidential candidates. I met him in Reno, NV where he was on the campaign trail. I came up from California for the meeting.

Because of Dr Paul’s tight schedule, Jesse Benton, Paul’s communication director, gave me 30 minutes at 7:00 in the morning. Since Paul had given a speech the night before at the University of Nevada-Reno, I wasn’t sure how much energy he would have that early in the morning. But at 7:00 when I sat down with Dr. Paul at the Silver Legacy Hotel, he was wide awake and clearly ready for a full day.

On television the gentleman that Ron Paul is comes across, but in person there is more. There’s a personal warmth and almost a Ronald Reagan-like charm about him. (There’s pluses and minuses to Ronald Reagan, the president, but he did have that charm, and so does Dr....

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20 Questions for Ben Bernanke

Posted on Apr 26, 2011 in Economic News – Kevin Hayden

Source: Zero Hedge

A game of 20 questions with the Fed Chairman…

1. The rescue packages in 2008-2009 were all aimed at restoring CONFIDENCE to the financial system.  Yet from 2001 to 2011 the DXY is down 41.5 and gold is up 473%. Does this not equate to a loss of confidence in the US monetary system? If not how would you explain this phenomena?

2. In March of 2009 you said the ONLY reason you care about Wall Street is because of the affect it has on Main Street. You wanted to become Fed Chairmen to make things better “for the average person”. You have been Chairmen since 2006, do you believe you have accomplished your goal? And if so how?

3. In March of 2009 you stated that “many mistakes were made leading up to the crisis of 2008”, chief amongst them was “enormous amounts of savings has flowed into the United States, and some other industrial countries. That savings has come from China and East Asia. It’s come from oil producers. And it has– and hundreds of billions of dollars, it has come into our financial system....

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Truth is – Podcast #01 – Federal Reserve

Posted on Mar 23, 2011 in Truth is Treason News – Kevin Hayden

I am proud to announce that Truth is Treason’s Podcast is now up and running.  This week’s focus is the Federal Reserve and a Basic 101 intro for those new to economic issues and who runs the Federal Reserve.

PODCAST EPISODE #01, Federal Reserve Headlines

March 23rd, 2011 

Truth Is Treason.Net – Podcast #01 – March 23rd, 2011 by Truthistreason on Mixcloud 

If you are an author, researcher or political activist and would like to be interviewed on Truth is Treason Radio, send an email to: 

Contact [at] 

or use the submittal form on the About | Contact Page.

Are you a film producer, radio host and or other media personality that needs more exposure? 

Get it here at Truth is Treason Radio! 



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Dallas Fed Pres Fisher Says US Headed Towards Insolvency, Campaigns for Fed Chairman Position

Posted on Mar 22, 2011 in Economic News, Federal Reserve & Bankers – Kevin Hayden

Source: CNBC

The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,” a Federal Reserve official said on Tuesday.

“If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,” Dallas Federal Reserve Bank President Richard Fisher said in a question and answer session after delivering a speech at the University of Frankfurt. “The short-term negotiations are very important, I look at this as a tipping point.”

But he added he was confident in the Americans’ ability to take the right decisions and said the country would avoid insolvency.

“I think we are at the beginning of the process and it’s going to be very painful,” he added.

Fisher earlier said the US economic recovery is gathering momentum, adding that he personally was extremely vigilant on inflation pressures.

Hayden’s Note:

Take very careful note at just how this is all worded.  First, you have a Federal Reserve President saying that the nation could become insolvent soon and that whatever we do in the near-term will essentially define the next several years; the precipice of our monetary future. ...

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Justice Department Logic: Ben Bernanke is a Domestic Terrorist

Posted on Mar 21, 2011 in Economic News, Federal Reserve & Bankers – Kevin Hayden

Source: Zero Hedge

The United States Department of Justice delivered a very clear and unfortunate message on Friday:

“Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism.  While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country.”

These remarks were released by the US Attorney’s office in the western district of North Carolina following the conviction of one Bernard von NotHaus, the creator of the ill-fated Liberty Dollar.

As you likely recall from a few years ago, Liberty Dollars were privately minted gold and silver rounds. Paper certificates, akin to warehouse receipts were also issued, effectively giving the bearer a right to claim a certain amount of gold or silver at the group’s warehouse in Coeur d’Alene, Idaho.

This is traditionally how the system of money used to function– precious metals would be stored in private, secure storage facilities, and paper certificates were issued as a medium of exchange that entitled the bearer to redeem metal from the vault. ...

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Judge Finds MERS Has No Right to Transfer Mortgages, Finds Entire MERS Process Illegal

Posted on Feb 14, 2011 in Economic News

Source: Zero Hedge

There was a time when news, especially very bad news, moved stocks. The last time that occurred was in the middle of 2009, before most robots had any idea just how massive Bernanke’s schizoid break with reality was. Now, that the appropriate sociopathology is fully priced in, bad news tends to have an even more profound upside impact on stocks than good news, as it guarantees that the Zimbabwe stock market will be upon us far sooner than if the economy were to have to go through another inter-QE episode. Which is why the just released news out of US Bankruptcy Judge Robert Grossman of Central Islip, New York, that MERS lacks rights to transfer mortgages will likely send the entire S&P circuit breaker up.

From Bloomberg:

“Merscorp Inc., operator of the electronic-registration system that contains about half of all U.S. home mortgages, has no right to transfer the mortgages under its membership rules, a judge said…U.S. Bankruptcy Judge Robert E. Grossman in Central Islip, New York, in a decision he said he knew would have a “significant impact,” wrote that the membership rules of the company’s Mortgage Electronic Registration Systems, or MERS, don’t make it an agent of the banks that own the mortgages…”

“MERS’s theory that it can act as a ‘common agent’ for undisclosed principals is not supported by the law,” Grossman wrote in a Feb.


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Ron Paul Compares America’s Future to that of the Soviet Union, Blasts Ben Bernanke’s Cartel

Posted on Feb 11, 2011 in Political Issues – Kevin Hayden

Congressman Ron Paul warns Larry Kudlow on the economy. This is a ‘must watch’ video.  It is Ron Paul at his very best.

Interesting moments towards the last half include Ron Paul calling the Federal Reserve a cartel on national television, ousting Ben Bernanke, and laying down the true facts on economic theory and policy.  He also likens America’s near-future to that of the Soviet Union.

Hayden’s Note:

I would also like to address an email I received from a local reader.  In it, he urged me to post one of the recent newsletters from the Campaign for Liberty and Ron Paul.  While I am a staunch supporter and fan of Ron Paul and his ideals, I can’t bring myself to post the newsletter.  In it, they call for financial support of the Tea Party.  There are a lot of feelings regarding the current ‘Tea Party’ movement and Republicans, and my stance is that it has been co-opted by war mongers and neocons. 

But originally, it was founded FOR Ron Paul by the grassroots during his very first ‘Money Bomb,’ where supporters – myself, included – raised over $6 million dollars in one day for his Presidential campaign. ...

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Fed Reserve Chairman Ben Bernanke to Give Rare Press Conference

Posted on Feb 03, 2011 in Economic News, Federal Reserve & Bankers

Source: Activist Post

The head of the US Federal Reserve will take questions from the press Thursday, a step that experts say is just short of revolutionary for the normally reserved central bank.

Instead of delivering an ever-so-carefully manicured speech and then slipping off the dais to the echo of gentle applause, Chairman Ben Bernanke will, unusually, hang around for a few questions from the press before departing.

It’s a seemingly small step, but Bernanke knows any unscripted response he utters will be parsed, reported on and put to work by investors, with billions if not trillions of dollars at stake.

Hayden’s Note:

It would appear as if Bernanke’s handlers are attempting to get the public used to seeing the “softer side” of ‘ole Ben before he faces off against Rep. Ron Paul – now head of the House Financial Committee.  It’s like the Friday Night Fights when Bernanke and Paul face off.  Why I despise Ben Bernanke and am a strong supporter of Ron Paul, I must admit; Bernanke is a very intelligent man.  Classically schooled, he was considered a child prodigy. ...

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America’s Economic and Social Crisis: The Fed has Spoken Thumbnail

America’s Economic and Social Crisis: The Fed has Spoken

Posted on Jan 17, 2011 in Featured Articles, Federal Reserve & Bankers

Source: Global Research

The Federal Reserve was set up by bankers for bankers, and it has served them well.  Out of the blue, it came up with $12.3 trillion in nearly interest-free credit to bail the banks out of a credit crunch they created. That same credit crisis has plunged state and local governments into insolvency, but the Fed has now delivered its ultimatum: there will be no “quantitative easing” for municipal governments. 

On January 7, according to the Wall Street Journal, Federal Reserve Chairman Ben Bernanke announced that the Fed had ruled out a central bank bailout of state and local governments.  “We have no expectation or intention to get involved in state and local finance,” he said in testimony before the Senate Budget Committee. The states “should not expect loans from the Fed.” 

So much for the proposal of President Barack Obama, reported in Reuters a year ago, to have the Fed buy municipal bonds to cut the heavy borrowing costs of cash-strapped cities and states. 

The credit woes of state and municipal governments are a direct result of Wall Street’s malfeasance.  ...

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Deconstructing Commodity Inflation: “You Ain’t Seen Nothing Yet” Thumbnail

Deconstructing Commodity Inflation: “You Ain’t Seen Nothing Yet”

Posted on Jan 13, 2011 in Economic News, Federal Reserve & Bankers

Source: Zero Hedge – Mike Krieger

Another great post from the guys and gals at Zero Hedge. Bookmark them for economic news and analysis!

Thanks Ben…You Have Destroyed the Social Fabric of the World

History is littered with the carcasses of men that in their exaggerated hubris attempted to stop the forces of nature and the markets only to fall flat on their faces.  We tell the stories of these men in history books and myths from prehistory, but it never stops men of successive generations from trying it all over again.  What the current political class the world over (at the behest of Wall Street financial terrorists and other big corporate interests) are doing falls into the same exact formula of prior historical failures.   Some of the historical figures that attempted to beat back nature were great warriors or kings that just reached too far.  Some of them were evil megalomaniacs whose desire was nothing short of absolute power in their hands over any of the unfortunate human beings that happened to be in the way.  Ben Bernanke is neither of these. ...

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The American Dream – an Animated History Lesson

Posted on Jan 10, 2011 in Economic News, Federal Reserve & Bankers

Source: YouTube

The American Dream – an Animated History Lesson
It should be noted that I don’t particularly agree with the opening 5 or 6 minutes of this video, but as it moves towards the 15 minute mark, it’s much better. The beginning tries to enforce the notion that home buyers and loan takers had no choice in the matter; that they have absolutely no fault in this mess. On the contrary – by taking a loan with an extremely high amount of interest, it is as much their fault as the bankers. I feel bad for them, but still… they had a choice and if they were a bit more savvy in understanding and admitting the reality of their own situation, they might not have signed on that dotted line.

I certainly wouldn’t buy a $50k car simply because they offered me a low, low interest rate and allowed me ten years to pay it off. By doing that, you simply pay enormous amounts of interest and very little principal. In 6 or 7 years, you have still not hardly touched the principal amount and if you need to sell or suddenly lose your job and can’t afford the payments, you are still liable for the loan… funny part is, after all of these years, you’ve simply been trying to pay off the interest of the loan and still owe far, far more than what your car or house is worth....

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Ron Paul: “The U.S. Government Must Admit it is Bankrupt”

Posted on Jan 06, 2011 in Economic News

Source: Zero Hedge

Any time you bring the two Pauls together in an interview, and start discussing items such as the debt ceiling, government spending, and monetary policy you know the results will be good. Sure enough, in this rare ABC interview with father and son, the sparks fly, and among the topic touched is the most popular story on Zero from yesterday, namely President Obama fabulous hypocrisy, who after bashing the debt ceiling as a senator 4 years ago, has bet the outcome of his entire economic policy on maxing out every single credit card available to him. Paul’s response: “…we have to face the fact that we are bankrupt and we can’t pay our bills.”  Not exactly the kind of thing one wants to hear if one’s name is Hu Jintao. That said you know the Paul-led interrogation of Bernanke will be something else, even if it is ultimately totally fruitless.

Hayden’s Note:

I am a huge Ron Paul supporter and have been so for many, many years.  His son Rand Paul, however, has some very troubling Neocon Warhawk issues that simply don’t jive with the senior Paul’s ideology or my own. ...

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TrimTabs: “No Amount Of QE Will Be Able to Keep the Current Stock Market Bubble From Bursting”

Posted on Jan 02, 2011 in Economic News

Source: Zero Hedge

It was the night before Christmas Eve, and CNBC trucked out TrimTabs’ Charles Biderman to a de minimis audience, knowing full well that a man with his understanding of money flows would very likely repeat his statement from last year, that there is no real, valid explanation for the inexorable move in stocks higher, as equity money flows in 2010 were decidedly negative, and any explanation of the upward melt up would need to account for Fed intervention (and no-volume HFT offer-lifting feedback loops but that is a story for another day).

A year after the first scandalous report was published, TrimTabs is sticking with its story: “If the money to boost stock prices by almost $9 trillion from the March 2009 lows did not come from the traditional players, it had to have come from somewhere else.  We believe that place is the Fed. By funneling trillions of dollars in cash to the primary dealers in exchange for debt, the Fed has given Wall Street lots of firepower to ramp up the prices of risk assets, including equities.”

And, wisely, Biderman, just like Zero Hedge, asks what happens when the buying one day, some day, ends: “…stock prices will be higher by the time QE2 ends, but economic growth will not be sustainable without massive government support. ...

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