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Now dear Readers, if you think there must be an end to ignorance and deception. You have to read the following: http://www.icis.com/Articles/2011/08/09/9483817/us-fed-promises-record-low-interest-rates-for-at-least-two-years.html One can see they are absolutely clueless and can't help but trying...
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Well I just can conclude it sinks faster than ever for me. Now they want to stick to their program of printing money. And well if you have savings you got robbed day by day, monthy by month year by year. The inflation raises (just remember: http://mises.org/Community/blogs/fdominicus/archive/2011/02...
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Proper formatting of this article can be found on author's website at www.economicnoise.com The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception. Friedrich Hayek The day after the election the Federal Reserve launched QE2...
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Fed Under Fire -- Throw on More Logs By Monty Pelerin , posted April 12th, 2010 http://www.economicnoise.com/2010/04/12/fed-under-fire-throw-on-more-logs/ “The bold effort the present (central) bank had made to control the government … are but premonitions of the fate that await the American...
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More of Washington's Charade By Monty Pelerin , posted March 27th, 2010 http://www.economicnoise.com/2010/03/27/more-of-washingtons-charade/ The Fantasy World as Seen by The Federal Reserve and The Washington Post Is our populace considered so ignorant that they can be told anything? Or, is it possible...
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BernankeSpeak By Monty Pelerin , posted March 26th, 2010 http://www.economicnoise.com/2010/03/26/bernankespeak/ The charade gets more binding as Treasury rates increase. Bernanke believes this might be “because of a lack of confidence by creditors in the long-term fiscal stability of the government...
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Tough Guy Bernanke Blows Smoke By Monty Pelerin , posted February 27th, 2010 http://www.economicnoise.com/2010/02/27/tough-guy-bernanke-blows-smoke/ Tough Guy Bernanke Blows Smoke Fed Chairman Ben Bernanke appeared before Congress this week wearing his “bad guy” face. I did not watch his...
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FED Bunkum By Monty Pelerin , posted February 25th, 2010 http://www.economicnoise.com/2010/02/25/fed-bunkum/ A Wall Street Journal article reported: “The Treasury said it will borrow $200 billion and leave the cash proceeds on deposit with the Federal Reserve, reviving a program that will make...
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The Fed Feints By Monty Pelerin , posted February 20th, 2010 http://www.economicnoise.com/2010/02/20/the-fed-feints/ Great hoopla over the Federal Reserve’s surprise decision to raise the discount rate 0.25 % fills the media and the markets. Pundits discuss earnestly the spice has been added to...
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By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/bernanke-as-moral-hazard/ Senator Jim Bunning provides a brutal and thorough summary of Bernanke’s role in the financial crisis. Click here for video . swfobject.embedSWF("http://www.youtube.com/v/AVwr-Nf0slQ&rel...
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By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/the-fed-is-nothing-but-an-atm-machine/ The Fed has reached the point where there are two choices — Allow the government to shut down or allow itself to be the Treasury’s ATM machine. Inflation is, as Milton...
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By Monty Pelerin , posted December 1st, 2009 http://www.economicnoise.com/2009/12/01/wisdom-our-policy-makers/ A few days ago in a post entitled Wisdom: To Whom You Listen is Important comments and forecasts from the 1930s were presented. The examples were obviously handpicked and were ridiculously wrong...