Category: Central Banks
The analysis published under this category are as follows.
Thursday, September 03, 2009
Can a Central Bank Go Broke? / Interest-Rates / Central Banks
By: David_Howden
Centralized monetary authorities enjoy a privileged position in the current monetary system. People tend to view the economists and politicians at these institutions as demigods, individuals who if given enough resources will ensure that the economy continues an ever-advancing and smooth trajectory. However, unlike the Greek demigods of yore, today's central bankers are mere mortals who must work within the confines and constraints of the institution that they head.
Tuesday, September 01, 2009
Bernanke’s Victory Lap / Politics / Central Banks
By: John_Browne
Despite vocal criticism of the Federal Reserve’s stewardship of the economy over the past decade, President Obama’s renomination of Ben Bernanke to a second term as Fed Chairman nevertheless served to reassure and boost financial markets. While it is true that markets tend to crave predictability from government, rewarding the continuation of horrible Bush-era policies is perhaps pushing the boundaries of nostalgia. More interestingly, President Obama, who campaigned for ‘change,’ has clearly come down once again on the side of continuity.
Friday, August 28, 2009
Who does Ben Bernake Really Work For? / Politics / Central Banks
By: Justice_Litle
The announcement of Ben S. Bernanke’s successful nomination for a second term brings forth a curious question. Whom does the Fed Chairman really and truly work for?
Before we get into today's topic, a quick comment on the state of the market here and now.
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Thursday, August 27, 2009
Bernanke: Central Bankers' Bob the Builder? / Interest-Rates / Central Banks
By: Axel_Merk
First, the good news about Bernanke’s nomination for a second term as head of the Federal Reserve (Fed): we know what we are getting and may be able to prepare for the risks his continued leadership may pose to inflation and the dollar. The bad news: more of the same.
Wednesday, August 26, 2009
Ben Bernanke is the World's Most Dangerous Man / Politics / Central Banks
By: Mike_Shedlock
Sometimes you are pleasantly surprised by things you find in mainstream media. This is one of those times.
Wednesday, August 26, 2009
The Federal Reserve Suffers a Rare Defeat / Politics / Central Banks
By: DeepCaster_LLC
Under the tutelage of Chairman Ben Bernanke, the Federal Reserve system has achieved the heights of power, while simultaneously the economy it presides over has descended to the depths of despair. This Zen paradox sums of the inexplicable success of Ben Bernanke.
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Tuesday, August 25, 2009
Bernanke's Self-Promotional Reappointment Campaign A Stunning Success / Politics / Central Banks
By: Mike_Shedlock
Ben Bernanke's self promotional media blitz culminating with Orwellian Madness "Bernanke Saved The World", was a stunning success for Bernanke in his bid to be reappointed Fed Chairman. Unfortunately, Bernanke's win is everyone else's loss.
Tuesday, August 25, 2009
The Buzz over Bernanke Reappointment as Fed Chairman / Politics / Central Banks
By: Michael_Pento
Last week’s buzz in Jackson Hole Wyoming and around Wall Street is whether or not Banana Ben Bernanke should be reappointed to the Fed Chair. CNBC also held a panel discussing this issue with Bob McTeer (former President of the Dallas Fed). The consensus was that it was ridiculous not to have Barack Obama indicate he would serve another term as soon as possible. The agreed upon reason being that no one could do a better job than he has done.
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Monday, August 24, 2009
Why the Federal Reserve Bank Must Die / Politics / Central Banks
By: James_Quinn
“Paper money eventually returns to its intrinsic value ---- zero.” – Voltaire
“The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustainable economic growth has delivered this crisis to us. Instead of economic growth and stable prices, (The Fed) has given us a system of government and finance that now threatens the world financial and political institutions. Pursuing the same policy of excessive spending, debt expansion and monetary inflation can only compound the problems that prevent the required corrections. Doubling the money supply didn’t work, quadrupling it won’t work either. Buying up the bad debt of privileged institutions and dumping worthless assets on the American people is morally wrong and economically futile.” Representative from Texas Ron Paul questioning Federal Reserve Chairman Ben Bernanke
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Friday, August 21, 2009
Orwellian Madness, Bernanke Saved The World / Politics / Central Banks
By: Mike_Shedlock
The MarketWatch Headline Bernanke: We Saved The World is the height of Orwellian madness.
Thursday, August 13, 2009
The Federal Reserve is Immoral / Interest-Rates / Central Banks
By: Tim_Iacono
During the first few days of each month comes a task that is increasingly approached with dread around here and, unfortunately, that condition is likely to persist for some time.
Shortly after banks make their month-end update to various short-term savings accounts that we hold, these balances are queried, only to find that, almost without exception, interest credited is less than it was in prior months and far less than it was eight or ten months ago.
Thursday, August 13, 2009
Fed a Rudderless Ship? / Interest-Rates / Central Banks
By: Axel_Merk
How much excitement can a statement by the Federal Reserve’s Open Market Committee (FOMC) generate? Given that the Fed has been printing over a $1 trillion of fresh currency over the past year, more are indeed taking note when the Fed speaks.
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Sunday, August 02, 2009
Ben Bernanke Economic Forecasts Proven to be Incredibly, Uncannily Wrong / Economics / Central Banks
By: MISES
We now have the diametrical opposite of the famous "Peter Schiff Was Right" video (a compilation of 2006 and 2007 clips in which Schiff, a financial expert who subscribes to Austrian economics, predicted the deep recession that would follow the bursting of the housing bubble).
Thursday, July 30, 2009
Economic Arguments Against the Re-nomination of Bernanke as Fed Chairman / Economics / Central Banks
By: Paul_L_Kasriel
I Come Neither to Praise Nor to Bury Bernanke - No one is indispensable. There are plenty of well-qualified candidates to replace Ben Bernanke as chairman of the Federal Reserve Board of Governors. So, the Republic will survive whether or not Ben Bernanke is re-nominated as Fed chairman. But let us be objective in assessing the job he has done as chairman. In my opinion, Anna Schwartz was not objective in her July 26 NYT op-ed piece arguing for the dumping of Bernanke.
Tuesday, July 28, 2009
Federal Reserve is a Ponzi Scheme that Creates Bubble After Bubble / Politics / Central Banks
By: Global_Research
Daniel Tencer writes: The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.
Monday, July 27, 2009
Bernanke Upside Down and Backwards: Is Central Banking at Death’s Door? / Politics / Central Banks
By: Rob_Kirby
In a rare lucid moment, British Prime Minister Gordon Brown recently quipped,
“Technology means that foreign policy will never be the same again”
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Monday, July 27, 2009
Ben Bernanke Goes On Self-Promotional Media Blitz / Politics / Central Banks
By: Mike_Shedlock
Before discussing Bernanke's self-promotional blitz, let's take a look a the Fed's massive coverup job on its balance sheet.
Friday, July 24, 2009
Investors Overcoming Profit Pitfalls & Fed Perfidy / Politics / Central Banks
By: Deepcaster
“The Fed’s credibility has been tarnished by the easy credit policies it pursued and the lax regulatory oversight that let institutions ratchet higher their balance sheet leverage and amass huge concentrations of risky, complex securitized products…”William Donaldson,
Arthur Levitt,
Investors’, Working Group Report on Systemic Risk Regulation
Thursday, July 23, 2009
Global Depression Triggering the Evolution and Revolution of the Central Banking System / Economics / Central Banks
By: Global_Research
Andrew G Marshall writes: Humanity is on the verge of entering into the most tumultuous period in our history. The prospects of a global depression, the likes of which have never been seen before; a truly global war, on a scale never before imagined; and societal collapse, for which nations of the world are building totalitarian police states to control populations; are increasing by the day. The major global trend forecasters are sounding the alarms on economic depression, war, a return to fascism and a total reorganization of society.
Thursday, July 16, 2009
The Privately Owned Federal Reserve Bank Runs the United States / Politics / Central Banks
By: Global_Research
Bob Chapman writes: Last week the Dow fell 1.6%; S&P fell 1.9%; the Russell 2000 fell 3.3% and the Nasdaq slipped 1.8%; cyclicals fell 3.6%; transports 1.5%; consumers 1.6%; utilities 1.4%; banks 2.3% and broker/dealers 2.8%. High tech fell 1.8%; semis 1.8%; Internets 2.1% and biotechs 2.7%. Gold bullion fell $19.50 and the HUI gold index fell 8.4%.