On the final crisis of central banking, and what it means for us


Signs point to a global stock market meltdown


Facing Frustrated Voters, More Senators Oppose Bernanke

David Lightman, McClatchy Newspapers: "Federal Reserve Board Chairman Ben Bernanke's prospects for a second term became shakier Friday as two Senate Democrats, furious at his stewardship during the nation's economic crisis, said they'd oppose him."



Ripping off the public


Block Bernanke, take back the Fed

The Nation
by John Nichols


If the Democratic Party wants to lose — or, to be more precise, wants to lose badly in 2010 and 2012, it need only maintain its current loyalty to the most powerful interests on Wall Street. The United States already has a party of Wall Street. It does not need two. Yet, despite an occasional populist turn (like his current bank bashing), President Obama has with his absurd nominations and even more absurd policies given every indication that he intends to position the Democratic Party closer to corporate interests than all but the most reprehensible Republicans. Forget about Obama’s rhetorical flourishes. As a candidate and as a president, he has too frequently chosen to side with multinational corporations rather than working Americans.”


End Ben Bernanke

The American Conservative
by Patrick J. Buchanan


‘Chairman Bernanke helped the president … steer through some very turbulent times and rough waters,’ said the White House Monday. Fine. But was not Ben in the wheelhouse when we hit the iceberg? And never saw it. In his first two years, did he not preside over an easy money policy that fueled the housing boom that created the housing bubble, the popping of which brought on the crisis from which the good professor has helped to save the republic? If a snoozing camper’s unattended fire sets Yellowstone ablaze, do we single him out for honor for alerting the Park rangers and leading a bucket brigade?


The danger behind the Fed’s exceptional profits

Ludwig von Mises Institute
by Mateusz Machaj


A few days ago, the Fed announced that it had ‘earned’ a record-high amount of money in 2009. Then it turned $46 billion over to the Treasury. Here we are in the midst of a serious recession, with the unemployment rate high, the housing market still in a slump, and the stock market making only small steps toward recovery. In this climate, the Fed is making profits...


Bipartisan Ben Bernanke

The American Conservative
by Sean Scallon


You have to hand it to President Obama. Not only was his State of the Union speech early last week warmly received by the public, but it unleashed a wave of bipartisan sentiment in Congress, especially in the U.S. Senate. What had been had World War I-style battlefield of trench warfare between Republicans and Democrats filled with bile, acrimony and petty minded thinking, suddenly transformed itself last Thursday just a couple of days after Obama’s speech. Hands were reaching across the aisle, old enemies became friends, there was lots of loving and hugging each and even the little child lay down peacefully next to the lion, all to renominate Ben Bernanke to another term as the head of the third Bank of the United States, oh excuse me, the Federal Reserve. Yes the two political parties may have bitter disagreements when it comes to abortion, or climate change, or health care reform, but when it comes to benefiting themselves and the establishment they serve they do know how to come together for a common purpose...


Informant: Thomas L. Knapp


Institute for Public Accuracy (IPA): "Deception and Abuse at the Fed"



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