Tag Archives: federal reserve

More on the bankruptcy of fed policy.

Posted on October 4, 2010 by Bob

Today’s NY Times has an article showing the pun-ishing bankruptcy of fed  reserve policy.  For 2 years, the federal reserve has kept interest rates at practically nothing.  This has greatly hurt anyone who has money in the bank — that … Continue reading →

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Fed continues to reward grasshoppers, punish ants.

Posted on September 22, 2010 by Bob

The aristocrats at the Federal Reserve yesterday continued their “race to the ash heap of history” with their decision to keep interest rates low.  This rewards those who save their money (the “ants” from the famous Aesop’s Fable), and reward … Continue reading →

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Federal Reserve stays the course.

Posted on April 29, 2010 by Bob

Yesterday the Fed decided to continue its policy of artificially suppressing interest rates, thus giving another boost to its policies of rewarding the grasshoppers and punishing the ants.  The methamphetamine financial policies of our elite continue.  Happy days for some … Continue reading →

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Stockholm Syndrome writ very large.

Posted on August 25, 2009 by Bob

Comes now the news Ben Bernanke has been reappointed as head of the Federal Reserve. It seems to me like our whole nation has plunged deeply into a gigantic Stockholm Syndrome when it comes to the parasites, fools, and thieves … Continue reading →

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More thoughts on dysfunctional aristocracy.

Posted on August 11, 2009 by Bob

Yesterday’s post led to further thoughts today on our problem with dysfunctional aristocracies. Simon Johnson writes today about the problems our “too-big-to-fail” policies and our refusal to properly regulate Big Finance will cause for our future.  He notes that the … Continue reading →

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Economic check

Posted on August 10, 2009 by Bob

Well it’s been a while since I’ve ranted about the financial crisis.  So how are we doing?  Are we now safely out of the woods so everyone can ignore my various advices to prepare for a financial hurricane? The short … Continue reading →

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Yee-haw, Parasites at the Fed Reserve Running Scared

Posted on July 9, 2009 by Bob

The crooks, thieves, fools, and parasites at the Federal Reserve are running scared and that is good news.  Congressman Ron Paul’s proposal to force transparency upon the actions of the Fed via auditing by the General Accounting Office of the … Continue reading →

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