If the U.S. Senate confirms Obama Fed nominee Janet Yellen, she will use her power to ensure the continued ascendancy of the “money trust,” to the long-lasting detriment of America’s dwindling middle class.
Ron Paul predicts that unless the Federal Reserve is audited, there will never be a change in the policies that have essentially bankrupted the United States.
Even in the event of a pending default, the Treasury will not be selling any of its gold reserves to pay the government’s bills.
The bill offered by Representative Kevin Brady (R-Texas) to create a commission to study the effects of Fed actions over the past 100 years is gaining some traction.
Now that the name of Summers has been removed from the list of Fed chair nominations, Yellen is the likely pick. The Fed itself will remain unchanged.
International Monetary Fund chief Christine Lagarde called central bankers “heroes of the global financial crisis,” warned against slowing funny money “stimulus”
Investor Jim Rogers warns that the central bankers at the Fed's Jackson Hole conference are preparing to "take our bank accounts and retirement accounts."
Larry Summers is likely to be nominated to replace Fed Chairman Ben Bernanke, not because of his skills, abilities or experience, but because of his connections.
The question is who will run the Federal Reserve System when Chairman Ben Bernanke’s term expires next year?