“Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy, and screwing savers is seldom a wise economic move.” — Robert Robb Fiat money requires [...]
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A steep drop in house prices in the United States has revived fears of a “double dip” in the housing market. House prices in the US dropped 1.3 per cent from the month of September to October. The chairman of the Standard and Poor’s committee that produced the home price indices report, David Blitzer, says [...]
“The new international rules “will allow market participants to assess the quality of a bank’s compensation practices and the incentives towards risk-taking they support,” said Fernando Vargas.” It’s not the added regulation, it’s the fact that all these banks got bailout using tax payers money that should be the focus. If government did not bail [...]
“Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government’s budget deficit was a great threat (42%) or somewhat of a threat (34%) to the continuing recovery of the economy.” [...]
“Central banks like the Federal Reserve pretend to be government institutions. They are not. They are privately owned by perhaps 300 families. It is significant that the majority of these families are Jewish, how significant I am not yet sure. If they were Lutherans or Zulus, certainly our objections would be the same.” — Henry [...]
“The government is preparing a banquet for 300,000 people, but inviting 3 million to partake,” said pensions expert Alberto Bonadona. “It will collapse.” Jacob Funk Kierkegaard, an economist at the Peterson Institute in Washington, says he knows of no other country lowering its retirement age at a time when higher life expectancy is burdening national [...]
“Senator Bernie Sanders asked the question, “Has the Federal Reserve of the United States become the central bank of the world?” on discovering that the Fed, after receiving billions of “free money” from the American people, used none of it to help those people, instead loaning it and trillions more to other banks and corporations, [...]
“The president, unlike the long line of his predecessors since Franklin Roosevelt, simply does not put national security at the centre of his political priorities. Thus, Europeans who welcomed Obama to the Oval Office should reflect on his Warren Harding-like interest in foreign policy.” — M. Bolton, former US Ambassador to the UN. Mr. Bolton’s [...]
“If the world economy gets better, commodities are going to go up in price because there are shortages. If the world economy does not get better, you should own commodities, because (central banks) are going to print more money,” he said. “Real assets are the way to protect yourself.” (Reuters) – U.S. government inflation data [...]
“We’re talking about huge sums of money going to bail out large foreign banks,” said Senator Bernard Sanders, the Vermont independent who wrote the provision in the Dodd-Frank Act that required the Fed disclosures. “Has the Federal Reserve become the central bank of the world? I think that is a question that needs to be [...]
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