2015: Is the Federal Reserve DESTROYING America? | G. Edward Griffin

On December 23rd 1913, Woodrow Wilson signed into effect the Federal Reserve Act. This interview was recorded on the 100th anniversary of the Federal Reserve and is being brought back today as an encore presentation. Author of “The Creature from Jekyll Island: a Second Look at the Federal Reserve,” G. Edward Griffin exposes the Fed’s hidden objective over the past 100 years and why “if America does not abolish the Federal Reserve, the Federal Reserve will abolish America.” IN THIS INTERVIEW: – The Federal Reserve is a parasite to the U.S. economy ►0:54 – The Fed’s hidden objectives over the past 100 years ►6:12 – Fed chairman (now Janet Yellen, not Ben Bernanke) is just an employee, the banks run the show ►13:53 – We don’t need to audit the Fed; we need to abolish it! ►16:46

2015: Eight Points on the Investment Climate and the Dollar

1.  The swing in the pendulum of expectations back toward a mid-year Fed rate hike is one of the key developments that will shape the investment climate.  The data in the week ahead, including the broader measures of the labor market, like the Fed’s new index (Labor Market Activity Index) and JOLTS (Job Opening and Labor Turnover Survey), and core retail sales will strengthen the view.   The rise in US interest rates will lend the dollar support and allow the appreciating trend to continue after a consolidating over the last few weeks.   Equity investors need to adjust to the rise in interest rates.  High dividend payers and utilities are vulnerable.  US companies have expanded overseas more by direct investment than exporting.  That means that while they earn revenues in foreign currencies they also incur local costs.  In addition, many producers price and invoice in dollars.  In any […] Read More

2014: “The Fed Is Heading For Another Catastrophe… Central Banking Has Lost Its Way” Stephen Roach Warns

Authored by Stephen Roach, originally posted At MarketWatch via Project Syndicate, America’s Federal Reserve is headed down a familiar — and highly dangerous — path. Steeped in denial of its past mistakes, the Fed is pursuing the same incremental approach that helped set the stage for the financial crisis of 2008-2009. The consequences could be similarly catastrophic. Consider the December meeting of the Federal Open Market Committee, where discussions of raising the benchmark federal funds rate were couched in adjectives, rather than explicit actions. In line with prior forward guidance that the policy rate would be kept near zero for a “considerable” amount of time after the Fed stopped purchasing long-term assets in October, the FOMC declared that it can now afford to be “patient” in waiting for the right conditions to raise the rate. Add to that Fed Chair Janet Yellen’s declaration that at least a couple more […] Read More