Pin ItemailprintThink the dollar might be in trouble? Given that it’s backed by absolutely nothing of any value, many people are suddenly a little hesitant to put much faith into paper currency. In fact, am increasing number of states now want currencies made of precious metals, namely silver and gold. Concerned that both the Federal [...]
The Federal Reserve will pay $76.9 billion to the U.S. Treasury as part of an annual dividend it pays out after covering its own expenses from interest on its ballooning bond portfolio and other gains. This represents the second highest amount paid to the Treasury in history. The central bank earned the money from investments [...]
Continue reading " Federal Reserve to Return $76.9 Billion to U.S. Treasury from 2011 Profit "
Crystal balls, I mean. Let’s look into ours and see what we here at Blippitt predict will happen in 2012. We’ve even included some predictions from our readers at the end. NOTE: These predictions are purely for entertainment purposes and should not be taken seriously In the world of politics, Mitt Romney will “win” a [...]
Congress has told them not to do it. Ben Bernanke has said that they wouldn’t do it. Guess what? They’re doing it anyway. Yes, the group that is slowly going to bankrupt America, the Federal Reserve, is bailing out Europe. If you thought the financial crisis of 2008 was bad, just wait. The Wall Street Journal reports: [...]
Continue reading " The Federal Reserve Is Secretly Bailing Out Europe (VIDEO) "
Imagine if you had a penny that was worth $100 million. Just think of all the things you could do with that money. In fact, that kind of money is hard to even conceptualize…so this video will help you do just that. It will also then show you, compared to that one penny, how much [...]
Federal Reserve chairman Ben Bernanke is firing back at criticism from the media last week over details that had emerged showing that the Fed gave big banks some $13 billion in emergency loans. Some media outlets, including ourselves, echo the sentiments of the Occupy Wall Street movement…that Americans got sold out while big banks got [...]
Continue reading " Bernanke Fires Back at Media on Emergency Fed Loans (FULL TEXT) "
The nation’s unemployment rate fell to 8.6 percent in November, that’s down from 9 percent in October as payrolls went up by 120,000 jobs, according to the Bureau of Labor Statistics. While the jobless rate is now the lowest it’s been since March 2009, economists say it’s not all good news. The size of the [...]
Continue reading " Jobless Rate Falls to 8.6 Percent, Don’t Get Too Excited "
The global, financial time bomb continues to tick as today, Standard and Poor‘s adjusted the credit ratings of several big banks after applying new criteria to the world’s 37 largest financial institutions. Among those to suffer a ratings cut: Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, Wells Fargo, and JPMorgan Chase. Ratings for Bank [...]
Continue reading " S&P Downgrades Bank of America, Goldman Sachs, Wells Fargo, Citigroup, More "
If you need more convincing that those “slacker” Occupy Wall Street protesters are onto something, look no further. The American people have been robbed…and guess who’s responsible? The Federal Reserve and the big commercial U.S. banks fought for over two years to keep details of the largest financial bailout in U.S. history top secret. Now, [...]
Continue reading " AMERICA ROBBED: Top Secret Federal Reserve Loans Gave Banks $13 Billion "
Things are looking bleak for the U.S. economy, and at least one trader seems to think we’re on the verge of the biggest depression in our nation’s history. Peter Yastrow, market strategist for Yastrow Origer, told CNBC this morning that the situation is dire. “What we’ve got right now is almost near panic going on [...]
Wow. So who exactly is minding the store at the Federal Reserve? No one, apparently. Watch as House Democrat and former prosecutor Alan Grayson grills Elizabeth Coleman, the Inspector General of the Federal Reserve. The video below is from the Financial Services Subcommittee on Oversight and Investigations. The issue at hand is the oversight pertaining [...]
Continue reading " Watch Alan Grayson Grill Elizabeth Coleman of the Fed (VIDEO) "
You know things are bad when the government can’t even print money properly. Due to a problem with the printing presses, the federal government has had to halt production of those fancy new $100 bills we told you about, and has quarantined over 1 billion of them in a secured vault in Texas. That represents [...]
Continue reading " Government Quarantines 1 Billion New $100 Bills Due to Flaw "
