Showing posts with label Federal Open Market Committee. Show all posts
Showing posts with label Federal Open Market Committee. Show all posts

Tuesday, June 10, 2014

Federal Reserve Is As "federal" as Federal Express: Massive Conflict Of Interest In This Private Central Bank.

  

  Zerohedge has published a very good article, which we highly recommend to the followers of the history of private Central Banks in US disguised as Federal Institutions. The Gold Manipulation cannot lasts forever and we see more and more evidence of the ongoing change. The incorporation of the BRICS bank will be another step in De-Dollarisation of the World Financial System. At some time Gold will take its place in this new system and Swiss Gold Initiative is the first very important step in that direction.

Jim Puplava: The Swiss Gold Initiative With Luzi Stamm, Member of the Swiss National Council $TNR.v $MUX $GLD $GDX

  "Jim Puplava discusses the groundbreaking developments in Switzerland where the real democracy can be in action now. Even debates about the Gold and Money Printing will be unprecedented on the national level and if this decision finds the support of the people Central Planers will be in horror."

The Gold Cartel Crackdown: FSA Fines Barclays For Manipulation Of Gold Price $TNR.v $MUX $ABX $GDX $GLD

  "Manipulation cannot lasts forever even if the very powerful forces are behind it. You already know that we are not talking here just about one trader, one bank or even one country. We are talking here about The Gold Cartel: FED, BIS, Western Central Banks and highest levels of power involved in this masquerade."


Kirill Klip.:

I Vote To End Gold Manipulation: FSA Fines Barclays For Manipulation Of Gold Price - Join Me.

 "Why Gold is so important for everyone, not just for the super wealthy who can afford to put it aside for the rainy day? Gold is the most important indicator of the rate at which FIAT money are losing its value - its real purchasing power. If you can manipulate it - you can pretend that everything is fine and DOW and S&P 500 will beat All-Time-High every month as we have now. But just look below at your childhood McDonalds Menu - something is not so right, isn't it?
  My personal vote is nothing, but if I am not alone it will be finished one day. Please donate your tweet for the good cause and share this post if you want to change it as well."




Playback: Glenn Beck Exposes the Private FED; Gets Fired by Fox

"C.S. It is not the new video, but Glenn Beck is a very good showman to show the dramatic complications surrounding privately owned Federal Reserve. With President Obama now "close to his decision"  on the new Chairman for the FED, the clear understanding of this organisation will help us all to survive the "Taper of QE"."


ZeroHedge:

How Is This Not A Massive Conflict Of Interest?


Submitted by Simon Black via Sovereign Man blog,
Henry Ford once said, “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
He was right about at least one thing– it’s true that hardly anyone on the planet really understands the monetary system… or the way that central bankers manipulate the entire global economy.
I’ve met some seriously smart people who are very high up in finance. Senior bankers, traders, fund managers, etc. And even -they- don’t really understand it.
Everyone just presumes that there are some really smart guys and gals who make policy decisions from their ivory towers. We’re told that they know what they’re doing, and we’re just all supposed to trust them.
People erroneously believe that it’s somehow controlled by the government… in the US, for example, the President of the United States appoints members of the Federal Reserve Board of Governors.
Right now there are 4 presidentially-appointed Fed governors.
Meanwhile there are 12 Federal Reserve Bank presidents who influence the decisions of the all-powerful Federal Open Market Committee (FOMC).
Remember, the FOMC is the body within the Fed that essentially dictates monetary policy. It is the FOMC which decides how much money to print, and whether or not to loan this money to commercial banks at basically 0%.
All 12 Fed bank presidents sit in those meetings. 5 of them are actually voting members.
It certainly begs the question– how are the Fed bank presidents chosen?
Simple. Each of the 12 Federal Reserve banks has a board of directors… 9 directors at each bank. And the board selects the bank president.
So who gets to pick the Fed bank directors? The government, right? Wrong.
The majority of the directors are chosen by the commercial banks themselves. JP Morgan. Bank of America. Citigroup. Etc.
It is the BANKS who pick the directors who pick the presidents who dominate the committee which decides to loan money back to the banks at 0% interest.
How is this not a MASSIVE conflict of interest? Are we to believe that the interests of JP Morgan, Bank of America, and Citigroup are aligned with our own interests? I highly doubt that.
It is this topic that I explore in today’s podcast. And I highly recommend it because it’s critical that anyone participating in this system really understands how it works, and for whom it is rigged (spoiler alert: it isn’t rigged to your benefit).
How The Fed Works (and Its Massive Conflict Of Interest)"

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Wednesday, November 20, 2013

FOMC Minutes Reveal Taper Likely In "Coming Months" - Almost Definitely In Coming Years. Gold Smashed For Conviction



  FOMC Minutes Reveal Taper Likely In "Coming Months" - Almost Definitely In Coming Years. Gold Smashed For Conviction ... meanwhile in the Real World:

Michael Snyder: Next Great Wave of Economic Crisis - Gold And Silver GLD, MUX, TNR.v, GDX

"Greg Hunter is hosting Michael Snyder this time, who provides a lot of very well researched facts for your own consideration about the state of the economy. With latest reports about tampering the all important employment numbers at Census Bureau our quest for Gold and Silver manipulations acknowledgement and confirmation can be assured in the not so distant future."

Gold: PBOC to ‘Basically’ End Normal Yuan Intervention, Zhou Says GLD, MUX, TNR.v, GDX

"Now we have a better insight into the recent record level Gold buying by China. Head of PBOC talks about currency flexibility and acceleration of yuan convertibility. All announced reforms target to jump start the new phase of Chinese economic growth with Internal Consumption becoming the main driver. In this situation stronger Yuan means stronger purchasing power in China, less US Treasuries buying (which is happening already) and higher commodity prices in US Dollar terms."


ZeroHedge:


FOMC Minutes Reveal Taper Likely In "Coming Months"


With the schizophrenia that seems to have availed across the FOMC members (hawks are doves, doves are hawks, tapering is not tightening, etc.) it is not surprising that the minutes reflect some confusion:
  • *FOMC SAW `SEVERAL SIGNIFICANT RISKS' REMAINING FOR ECONOMY 
  • *FED TAPER LIKELY IN COMING MONTHS ON BETTER DATA, MINUTES SHOW
  • *METLIFE FOUNDATION, SESAME WORKSHOP PARTNER TO PROVIDE FINL
  • *FOMC SAW DOWNSIDE RISKS TO ECONOMY, LABOR MARKET `DIMINISHED'
  • *FOMC SAW CONSUMER SENTIMENT REMAINING `UNUSUALLY LOW'
  • *FOMC SAW RECOVERY IN HOUSING AS HAVING `SLOWED SOMEWHAT'
So summing up - when we get to an unknown point in the future with an unknown state of parameters, we may do an unknown amount of tapering - maybe possibly. Pre-Minutes: SPX 1791, 10Y 2.75, EUR 1.3444, Gold $1262

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Wednesday, May 22, 2013

FED to Government Sachs via CNBC. Bernanke: We Can Always Print Or We Can Always Talk About Stopping To Print, But We Are Scared Anyway.


Bernanke: We Can Always Print Or We Can Always Talk About Stopping To Print, But We Are Scared Anyway.

Maybe We Can Stop One Day?


Gold - The Perfect Storm.





  "Few more pieces of the Puzzle are getting into their place now. Currency wars will claim the US Dollar Reserve Status as its first collateral damage."



 

  Economic reality has never been so desperately far away from the central planning wish list.


Sci-Fi Movie Script: "Federal Reserve - Keeping The Strong US Dollar Policy From 1913 - Established To Serve and Protect" GS, JPM, BAK, C, HBC



ZeroHedge:



FOMC Minutes: This Is What It Sounds Like When Doves Cry, And When Others Start To See An Asset Bubble



"It appears (as we noted here) that the size of the balance sheet, difficulty of the exit, frothiness of markets, and not-totally-dismal labor headlines have even the doves a little more hawkish about the possibility of an exit at some point - though obviously the minutes are clear that the 'flow' can increase (as well as decrease) based on the data.

  • FOMC MINUTES: MANY SAID MORE PROGRESS NEEDED BEFORE SLOWING QE
  • FED'S BROAD PRINCIPLES ON EXIT `STILL VALID,' FOMC MINUTES SHOW
  • SOME ON FOMC WILLING TO SLOW ASSET PURCHASES AS EARLY AS JUNE
  • SOME SAID "CONDITIONS IN CERTAIN FINANCIAL MARKETS WERE BECOMING TOO BUOYANT" 
Two things seem clear: 1) the Fed is explicitly forcing the market to hope for bad data to maintain gains as the gap between market and reality is now too large for a soft-landing; and 2) the Fed has explicitly admitted that it is the 'flow' not the 'stock' that matters - as we have been vociferous about for years. But what is worst, is that now that some at the FOMC are openly seeing asset bubbles, Bernanke is facing a mutiny on his hands!
The exit seems closer than many expected...
Pre: ES 1666.5, 10Y 2.01%, Gold $1363.50, DXY 84.28
The key section from the Minutes:"

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