World-News

The U.S. Federal Reserve's journey to the outer limits of monetary policy is raising concerns about how hard it will be to withdraw trillions of dollars in stimulus from the banking system when the time is right.

http://www.reuters.com/article/idUSTRE7096FE20110111



Deepening crisis traps America's have-nots

The US is drifting from a financial crisis to a deeper and more insidious social crisis. Self-congratulation by the US authorities that they have this time avoided a repeat of the 1930s is premature.

http://bit.ly/f9yMGY



Job Openings in U.S. Decrease for Third Time in Four Months

The number of positions waiting to be filled decreased by 80,000 to 3.25 million, the Labor Department said today in Washington. The number of people hired dropped from the prior month and separations climbed.

http://bit.ly/hJbQzS


From Information Clearing House

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Managing the unmanageable

C4SS Center for a Stateless Society
by David D'Amato

01/10/11

Like the money it prints, the profits reported by the Federal Reserve aren?t what they seem, representing returns on precarious investments that no sane actor would undertake. Those putrid investments include not only the storied mortgage-backed securities that became the focus of the financial debacle, but Treasury bonds that sponsor the federal government?s debt. Even while these holdings generate income now, their purchase with imaginary money that was 'printed' electronically means that financially-accountable, free people never got the chance to discover their clearing price...

http://c4ss.org/content/5773



The six most dangerous government-sponsored enterprises

Our Future
by Robert Borosage

01/11/11

Simon Johnson, the former chief economist of the International Monetary Fund, is a principled conservative who understands how financial oligopolies can loot a nation. .... he summarizes the stark and terrifying reality of where we are .... Today?s most dangerous government sponsored enterprises are the largest six bank holding companies: JP Morgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley. They are undoubtedly too big to fail .... The market knows this and, as a result, these large institutions can borrow more cheaply than their smaller competitors. This lets them stay big and -- amazingly -- get bigger...

http://tinyurl.com/66uk27p



Toward sensible monetary policy

US Rep. Ron Paul (R-TX) Campaign For Liberty
by US Rep. Ron Paul (R-TX)

01/11/11

I am pleased that I will be chairing the Monetary Policy Subcommittee of the Financial Services Committee, which has oversight of the Federal Reserve. Obviously, this position will facilitate my efforts to ensure the Fed provides the American people with more information about what they have been doing with and to our money. Not surprisingly, since my chairmanship was announced, apologists for the Fed have been recycling the old canard about how increased transparency threatens the Fed's so-called political independence...

http://www.campaignforliberty.com/article.php?view=1283


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ron+Paul
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=IMF
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=social+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=banking+system
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=JP+Morgan+Chase
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bank+of+America
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Citigroup
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Goldman+Sachs
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Morgan+Stanley
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=monetary+policy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Treasury+bonds
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=stimulus
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=David+D'Amato
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Borosage
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