Charting Stocks

This is Rep. Alan Grayson questioning Federal Reserve General Counsel Scott Alvarez about the Fed’s market practices.

“The Federal Reserve Bank of New York trades U.S. government and select other securities with designated primary dealers, which include banks and securities broker-dealers. Weekly transaction, market share data and primary dealer lists are updated periodically. Much of [...]

Below is an excerpt from a piece in Bloomberg today.
The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.
Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. [...]

The Federal Reserve reports the output of the nation’s factories, mines and utilities fell 1.5% in March, with an uptick in the production of motor vehicles and utilities.
Industrial production has dropped 13.3% December 2007, the largest percentage decline since the end of World War II, when production of military equipment seized and production fell 35%.
In [...]

Kudos: WhatReallyHappened.com

Helicopter Ben has been busy lately.

Source: Mises.org

Zbigniew Brzezinski, a former national security advisor, has warned that the US could witness riots if economy continues its downward spiral.
“There’s going to be growing conflict between the classes and if people are unemployed and really hurting, hell, there could be even riots!” said Brzezinski, President Jimmy Carter’s national security advisor, in a recent interview [...]

No pictures or video tape of federal buildings?

The American Recovery and Reinvestment Act of 2009 (The bailout bill of the week) calls for the launch of a new Recovery.gov website. The website is to be managed by a newly created Recovery Act Accountability and Transparency Board. Its purpose is to provide transparency to the public as to where and how their tax [...]

A speech by Murray N. Rothbard. Presented at the Mises Institute’s 1984 “Seminar on Money and Government,” in Houston, Texas.