World-News

Los Angeles Times

10/04/11

'Fed chief scolds legislators for pushing U.S. to the edge of default and warns against cutting the federal budget too deeply, given the current economic stresses.'

http://lat.ms/pEV92T



The Fed twists, the market shouts

Freedom s Phoenix
by US Rep. Ron Paul (R-TX)

10/03/11

Last week the Federal Reserve began the second incarnation of ,Operation Twist,' an attempt to drive down interest rates by purchasing long-term Treasury debt and selling short-term debt. This is just the latest instance of the central bank desperately flailing around doing something merely for the sake of doing something...

http://bit.ly/peq86h



Foreigners losing confidence in holding US Treasury and agency debt

Casey Research
by Bud Conrad

10/17/11

Foreign central banks buy US Treasury and Agency debt through accounts at the Federal Reserve, where it is held in custody. Without these central banks buying our debt, the US federal government would have to find a new source of funds or the result could be higher interest rates. Looking at the data on a monthly basis (and then multiplied by 12 to give the annual rate), here is the dramatic picture of how foreign central-bank purchases of our debt have shifted, from buying $500 billion to selling off $1 trillion...

http://bit.ly/qnP1zW


Informant: Thomas L. Knapp

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The Fed Twists, the Market Shouts
http://lewrockwell.com/paul/paul768.html

Ron Paul Challenges Cain Over Fed
http://www.lewrockwell.com/rep2/ron-paul-challenges-cain-over-fed.html

The Despicable Lies of Herman Cain
http://lewrockwell.com/orig12/quinn-justin2.1.1.html

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Cain 9-9-9 Plan Would Give Thousands Back to Millionaires

Steven Thomma, McClatchy Newspapers: 'Herman Cain s 9-9-9 tax plan would give every American making more than $1 million an average tax cut of $455,000, according to a new independent analysis ... At the same time, those with incomes below $200,000 - 84 percent of taxpayers - would see their taxes increase under the Cain plan, according to the analysis, which is the first to look at precisely what would happen to different incomes under the proposal.'

http://www.truth-out.org/cains-9-9-9-plan-would-give-thousands-back-millionaires/1319030207



Activists in New York Target 'Governor 1 Percent': Cuomo Under Fire for Refusing to Extend Millionaires' Tax

Sarah Jaffe, AlterNet: 'Its' no surprise that billionaire New York City Mayor Michael Bloomberg doesnt' support the millionaires' tax. It should be a little bit more surprising that Cuomo, son of liberal icon Mario Cuomo, opposes the tax as well. But Cuomo has long had an ambivalent relationship with his own party - and even as momentum created by Occupy Wall Street has politicians from Barack Obama on down realizing that the time is ripe for some economic populism, Cuomo appears committed to protecting the interests of the rich.'

http://www.truth-out.org/activists-new-york-target-governor-1-percent-cuomo-under-fire-refusing-extend-millionaires-tax/13190



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