Federal Reserve

Big Banks Buy Politicians With Government Created Profits - Mike Swanson (05/29/2014)

By 2003 forty-percent of corporate profits were generated in the financial sector. Banks became dependent on government action for their profits and used much of the money that they made to fund the campaigns of politicians to keep the action going.

Budget Deal A Betrayal to the Nation - Mike Swanson (12/13/2013)

The die is now cast. The United States is going bankrupt in a few years. Republican leadership sold out in order to give MORE money to defense contractors that own them - even reducing the pensions of veterans to do it and making a bipartisan deal to allow Dems to fund their social programs with more of your money.

Janet Yellen Denies Existence of Debt Bond Bubble, Promises To Pump It More, And Will Wreck The Economy Again as a Result- Mike Swanson (11/15/2013)

She claims that the financial markets all look normal to her. Well, what does she call the bond market - which has now become the biggest bubble in the world and when it busts(probably in four or five years) will make the 2008 mortgage crash look like child's play?

Finally One Reporter Recognizes The Reality Of Fed Money Printing - Mike Swanson (11/05/2013)

I have written about the Federal Reserve report that says that the Fed essentially cannot allow interest rates to go up in my monthly newsletter. It's what I called the Mishkin report, because it was put together by one of Ben Bernanke's best friends. Today someone else wrote about it.

Steve Liesman May Be One Of The Worst "Reporters" In The World - Mike Swanson (10/29/2013)

CNBC talks recovery and keeps making predictions and guesses on when QE stimulus will be paired back - and keep's pushing out its time period. Steve Liesman - and the letters LIES is key in his name - keeps saying that the Fed is watching the data.

Yesterday's Fed Statement Is A Historic Event - Mike Swanson (09/19/2013)

Yesterday's Fed decision to not reduce its quantitative easing(QE) money printing operation was both shocking and historic. It is very important for you to understand why they made their decision. We will look back on yesterday a few years from now as a historic event in the financial history of the United States.

Preparing for Tomorrow's FOMC QE "Taper" - Mike Swanson (09/17/2013)

Tomorrow marks the day of the widely anticipated FOMC meeting in which Ben Bernanke will announce a reduction in his quantitative easing money printing operation. CNBC has been talking about it all month and Bernanke is using it as a way to exit his Fed Chairmanship on a high note - by reducing QE he will be able to argue that his policies had a positive effect and more importantly if enough debt crisis hits later claim that he was not simply a mad money printer.

Pre-Open Stock Market Gap Up On Summers Withdrawal Fed Chair Race - Mike Swanson (09/16/2013)

Larry Summers is withdrawing from the race to be the next Federal Reserve Chairman. He served as a wonderful worker bee for Wall Street banks throughout his career - he helped deregulate the banks and paved the way for their giant bubble profits in the late 1990's and 2000's that wrecked the economy in the crash of 2008.

Ben Bernanke Talks About Possibly INCREASING QE - Mike Swanson (07/17/2013)

Finally Bernanke came out and told you what I have been saying is reality despite what the Wall Street press has been saying. The Fed is not on a tightening mode. In fact it may just as likely INCREASE QE as decrease it. He didn't say what he would do, claiming that the Fed will react to what the data is, but the admission that the Fed may actually increase QE in the future is a big admission.

Bernanke Takes Away All His Tough Talk While Obama Begins a New Informer Program - Mike Swanson (07/11/2013)

Yesterday after the close Bernanke gave a speech and completely backtracked on all of the comments he made last month about reducing his QE money printing program.

As a result gold prices are up big and S&P 500 futures are up 17 points. It's nice to see the market up, but wow this is a huge Bernanke flip flop - and it is one you could pretty much see coming.

Ben Bernanke Is Creating A Disaster Once Again With Obama's Blessing - Mike Swanson (05/09/2013)

Bernanke is being told to STOP his zero interest rate money printing operations, because it is dangerously distorting the economy and he is ignoring these warnings. He will not stop his policies until they end in disaster.

The WSJ Is Wrong Fed QE Is Never Going to End - Mike Swanson (04/01/2013)

The Fed is NEVER going to end its QE bond buying program. It simply can't. You see the Federal government's budget deficit is so big now that there are not enough people in the world to buy enough bonds every month to finance it so the Fed is stepping in with QE to bridge the gap.