Archive of Economic Issues Archives | Page 6 of 6 | Truth is Treason

A Simple Explanation of Inflation – Animated Video

Posted on Apr 15, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

From the bears at XtraNormal who explained quantitative easing so that even CNBC anchors now know what POMO is, comes the follow up: Inflation explained. So easy, in fact, it’s guaranteed that no Ivy League Ph.D. will understand it.

Via...

Continue ReadingLeave a Comment
“I Print Therefore I Am” – The Federal Reserve Justifies Its Existence on New Blog Thumbnail

“I Print Therefore I Am” – The Federal Reserve Justifies Its Existence on New Blog

Posted on Apr 08, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

In an brief two paragraph blurb on its brand spanking new blog Liberty Street Economic, a post by “Blog Author” (one wonders if the New York Fed is as cheap in providing its bloggers with a blogging facilities as it is when “giving” the POMO interns Bloomberg terminals), the FRBNY provides a trite if enjoyable summary of the thinking that prompted the creation of the Fed, courtesy of one F.A. Vanderlip, president of Citibank, which apparently was as insolvent back in 1907 as it is now. The premise: the Fed is the cause of monetary stability and the prevention of “disorderly retreats or advances.” That’s actually supremely ironic because as John Lohman points out the main trade off, namely the 2,313% increase in CPI, ended up shafting the market to an even bigger crash in 2008 than the panic of 1907. But at least in the interim 101 years the Fed’s overlords from Wall Street, managed to steal over 98% of the wealth of Americans in the form of shadow currency devaluation better known as inflation....

Continue ReadingLeave a Comment

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

TruthisTreason.net – 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. ...

Continue ReadingLeave a Comment

The SDR and Honest Money

Posted on Mar 18, 2011 in Economic News, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: USA Watchdog

Last year, I wrote a piece called “We Don’t Have Honest Money.”  It’s about how the Fed is debasing our currency.  I wrote, “It is said, when empires fall, one of the first signs of decline is a debasement of the currency.   Long before the Roman Empire fell, its leaders debased the currency.  The debasement was small at first, but over time, precious metals were watered down and coin sizes shrank.  For example, silver coins ended up having so little silver in them they became unpopular and shunned.  A debased Roman currency brought, what else, inflation.  Sound familiar?”  (Click here for the complete post.)   

Of course it does, because we are all witnessing first hand our declining currency at the gas pump and grocery store.  There is talk around the globe of replacing the U.S. dollar as the reserve currency.  What will replace it?  SDR (Special Drawing Rights), the Bancor (proposed by the International Monetary Fund) or maybe a new dollar called the “Patriot.”  Who knows?  But no matter what the currency, gold and silver are probably going to play a big role. ...

Continue ReadingLeave a Comment

Possibly the Last Time to Get Out of the Dollar

Posted on Mar 15, 2011 in Economic News

Source: Sovereign Man 

It’s no secret that the United States government owes a pretty penny to foreigners. Certainly, what America owes to foreigners pales in comparison to what it owes to Ben Bernanke… but still, $4.45 trillion is no small number, even in these crazy times when terms like “kajillion bajillion” are more appropriate to quantify debt and entitlements.
 
China is the largest foreign buyer of US Treasuries with around $1.15 trillion in holdings… Japan is the second largest at around $886 billion.  Curiously, the trend for China has been down– the Middle Kingdom has been steadily reducing its position since peaking in October 2010. 

Japan, on the other hand, has been steadily increasing its Treasury holdings over the same period. Its government does have a long pattern of currency intervention, and there has been much grumbling in Tokyo about the effects of the strong yen on their exports. 

Fast forward to this past weekend. Earthquake. Tsunami. Volcano. Nuclear radiation. Japan clearly has other things on its mind right now than to continue financing the ongoing largess in Washington DC....

Continue ReadingLeave a Comment
Indivisible: A Blovel About the End of America, Chapter 2 Thumbnail

Indivisible: A Blovel About the End of America, Chapter 2

Posted on Nov 30, 2010 in Constitutional & Liberty Issues, Emergency Preparedness & Survival

Source: Goldstein Republic ~ by Troy J. Grice

Mild language advisory

“The professorial Fed Chairman, his ever-whitening beard and ever-receding hairline making him look ever-the-more gnomish, loosened his tie and poured himself a drink at the 7:30 open. Perhaps the great ship would not sink, he hoped. The Fed had key-stroked hundreds of billions of dollars throughout the night and had managed to prop up the wobbly futures markets. Their hope was that the animal spirits could be tamed by the NYSE open. But the entire system sank right from the bell.”

Indivisible tells of survival amidst the turmoil of an economic collapse in contemporary America. Triggered by an Asian selloff of U.S. Treasuries, the United States devolves from currency collapse to price controls and shortages, riots, martial law and ultimately into civil war.
A tormented soldier, a corrupt small town sheriff, a femme fatale Treasury diplomat and a desperate father try to survive the chaos of a total economic collapse. Their lives converge on the backdrop of the American implosion.  To what lengths will they go to survive? …And how far will D.C....

Continue ReadingLeave a Comment
Indivisible: A Blovel About the End of America, Chapter 1 Thumbnail

Indivisible: A Blovel About the End of America, Chapter 1

Posted on Nov 25, 2010 in Constitutional & Liberty Issues, Emergency Preparedness & Survival

Source: Goldstein Republic ~ by Troy J. Grice

Mild language advisory

“The professorial Fed Chairman, his ever-whitening beard and ever-receding hairline making him look ever-the-more gnomish, loosened his tie and poured himself a drink at the 7:30 open. Perhaps the great ship would not sink, he hoped. The Fed had key-stroked hundreds of billions of dollars throughout the night and had managed to prop up the wobbly futures markets. Their hope was that the animal spirits could be tamed by the NYSE open. But the entire system sank right from the bell.”

Indivisible tells of survival amidst the turmoil of an economic collapse in contemporary America. Triggered by an Asian selloff of U.S. Treasuries, the United States devolves from currency collapse to price controls and shortages, riots, martial law and ultimately into civil war.
A tormented soldier, a corrupt small town sheriff, a femme fatale Treasury diplomat and a desperate father try to survive the chaos of a total economic collapse. Their lives converge on the backdrop of the American implosion.  To what lengths will they go to survive? …And how far will D.C....

Continue ReadingLeave a Comment
web counter