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Federal Reserve: The Secret Tapes (Corruption)
October 10, 2014
4:58 pm
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Smoking gun for Corruption at The Federal Reserve

I highly recommend everyone read this:
http://www.bloombergview.com/articles/2 ... achs-tapes

and listen to this:
http://www.thisamericanlife.org/radio-a ... en-segarra

"a free society depends on a virtuous and moral people."

October 31, 2014
5:07 am
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Very interesting considering recent developments in the last month 1/2.

On September 17th, the WashingtonTimes had this story about former Rep. Ron Paul's ongoing quest to audit the Fed...

"Former Rep. Ron Paul’s push to audit the Federal Reserve got another boost Wednesday when the House passed the bill for the second time in three years, and by a bigger margin than before.

The bill, now sponsored by Rep. Paul Broun, Georgia Republican, was approved on a 333-92 vote, with all but one Republican and 106 Democrats in favor of it. That’s a major jump from last time, when a majority of Democrats voted against it.

Still, despite the overwhelming support, the law is likely to die. Senate Majority Leader Harry Reid, who had previously indicated support for such an audit, reversed himself in 2012 and said he wouldn’t let the bill come to to the Senate floor."...

Read more: http://www.washingtontimes.com/news/201 ... z3Hgsi0wEi
Follow us: @washtimes on Twitter

Then, more recently...

"The Federal Reserve on Wednesday put to rest the extraordinary measures it has deployed in the more than five years since it first used them to spur economic growth and recovery from the Great Recession.

By closing out a monthly “quantitative easing” program under which it has purchased $4.5 trillion worth of Treasury bonds and mortgage bonds issued by Fannie Mae and Freddie Mac, Fed officials signaled that they believe the economy is returning to normal after more than five years of convalescence from the worst recession and financial crisis since the 1930s.

A government report Thursday is expected to show that the U.S. economy grew at more than a 3 percent annual pace during the summer, putting in its most robust performance in years. Moreover, unemployment has fallen below 6 percent amid the best surge in jobs since the 1990s.

The Fed issued a statement after a two-day meeting of its rate-setting committee, citing “the substantial improvement in the outlook for the labor market” and “sufficient underlying strength in the broader economy” as reasons for abandoning the increasingly criticized bond-buying program."...

Read more: http://www.washingtontimes.com/news/201 ... z3Hgva4Sos
Follow us: @washtimes on Twitter

Is it cause and effect - action leads to reaction or simply the natural progression of economic ebb and flow. I honestly do not know BUT, without a major correction soon, it would seem the word 'unsustainable' becomes more pertinent and more immediate.

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." - James Madison

December 18, 2014
5:49 am
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By extension, this may be connected; what is a system without the whole system...

"Plunging oil prices and economic sanctions have pushed Russia's economy to the brink of collapse. "Couldn't happen to a nicer dictator than Vladimir Putin," you might be thinking, but it could have repercussions for all of us.

Russia's currency, the ruble, crashed to record lows against the U.S. dollar on Tuesday, accelerating a months-long selloff. Russia's central bank jacked up interest rates in the middle of the night, desperately trying to stanch the bleeding by enticing investors to keep cash in the country. The bank raised its key rate to 17 percent from 10.5 percent, the biggest hike since Russia's ruble crisis in 1998. If that effort did any good, it was hard to tell. (Story continues below chart.)"...

..."The central bank's failure means it will have to keep trying, either by raising rates again or potentially by cracking down on the flow of capital out of the country. Neither option is good, as they can stifle borrowing and economic growth, which was already in deep trouble.

Russian GDP might shrink by a terrifying 4.5 percent next year, the central bank said Monday, especially if the price of crude oil hangs around $60 a barrel.

Oil traded around $54 a barrel in New York on Tuesday, after free-falling from nearly $100 a barrel in August. Russia is the world's second-biggest oil exporter after Saudi Arabia. The oil price crash has starved the country of a major source of economic power. Throw in Western sanctions over Putin's adventures in the Crimea and Ukraine, and the Russian economy has ground to a halt.

So, mission accomplished, right? We've punished Putin. But beware of blowback.

The 1998 crisis brought down hedge fund Long Term Capital Management, which shook the entire financial system. The Federal Reserve had to ride to the rescue of LTCM, recruiting banks to bail it out. The current ruble collapse is starting to look worse than the 1998 debacle: (Story continues after chart, which is courtesy of tradingeconomics.com)"...

Keep Reading: http://www.huffingtonpost.com/2014/12/1 ... 33546.html

The latest reports are that the ruble is bouncing back, but the 'domino principle' comes to mind.

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." - James Madison

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