Federal Reserve US Treasury Holdings Pass The $1 Trillion Mark

- Quantitative Easing Explained Jan. 30 (Wall Street Journal) — The Federal Reserve has passed yet another milestone on its journey into uncharted territory: Its average holdings of longer-term Treasurys have passed the $1 trillion mark. Prior to the financial crisis, the Fed tended to hold up to $700 billion in Treasurys, two-thirds of which [...] continue reading world news

Eric Sprott: Expect $50 Silver, Gold Possibly $2,150 by Spring

With gold and silver rallying off the lows today, King World News interviewed Eric Sprott, Chairman of Sprott Asset Management which has $8 billion under management. When asked about the Sprott physical silver trust acquiring silver Eric stated: “We had to go into the market and buy about 15 million net ounces from third parties [...] continue reading world news

Angry JP Morgan BANKSTER Boss Hits Out At ‘Banker Bashing’

So let’s take a look at JP Morgan: - Bear Stearns Cheated Clients Out of Billions, JP Morgan Knew About This Fraud Since Spring 2008 - JP Morgan Sold Investors MBS Covered By ‘SACK OF SHIT’ Loans … Then Shorted All Those With Exposure: A Goldman-AIG Redux - JP Morgan Admits Overcharging Several Thousands of [...] continue reading world news

Alert: Get Out of Your Dollar Assets Now!!!

Only PHYSICAL gold and silver are real, everything else is an illusion. More important information on gold and silver(!) below the following article. See also: - China vs. JP Morgan: The Battle Over Gold And Silver With gold and silver near recent lows and the US Dollar having broken key support at 78.50, the Godfather [...] continue reading world news

Financial Crisis Inquiry Commission Slams Greenspan, Bernanke, Geithner, Paulson, Summers, SEC, Rating Agencies and Big Banks for Causing Crisis

The Financial Crisis Inquiry Commission is releasing its report Thursday. The New York Times has a preview of the report, which shows that the Commission will slam the right people for causing the financial crisis. Barry Ritholtz gives a good summary of the Times’ article: The many causal factors highlighted in the FCIC report: • [...] continue reading world news

Congressional Research Service: 1.4 Million Have Been Out Of Work For 99 Weeks Or Longer

The real US unemployment rate is not 9.8% but between 25% and 30%: - Hiding The Greatest Depression: How The US Government Does It There are 1.4 million “very long-term unemployed” who have been out of work for 99 weeks or longer, according to a new report from the Congressional Research Service. Ninety-nine weeks is [...] continue reading world news

Federal Reserve Hides Major Accounting Change

“Many are at once surprised that the Fed can set its own guidelines,…” Oh, really? So many people have really no idea about the Fed: The Federal Reserve is above the law. Reuters has a very hot story out tonight on an accounting change the Fed snuck into a regular weekly report. It will move off the [...] continue reading world news