Because there will be no shortage of bloggers talking about the mid-term elections today, Asylum Watch will offer up some other insanity, about which you need to aware. The doldrums of the Great Recession are still with us nearly five years after we were told the economy had returned to recovery mode. The Federal Reserve […]Read more "“Punishment Interest” _ A Sign Of The Times"
When the Founders were designing this constitutional republic with a federal government having very limited and enumerated powers, they included in their design a balance powers between the three branches of government. They did not plan for a fourth branch of government, a central bank, that would turn out to have limitless power. Okay. Yes, […]Read more "Is Fed Policy Going To Take The Asylum To A New Level Of Insanity?"
You’ve probably never heard of Andrew Huszar. I had never heard of him before either until I read his article in yesterday’s Wall Street Journal (thanks to BadBlue News). From the article we learn that Mr. Huszar worked for the Federal Reserve for seven years until early 2008 when he left to return to the […]Read more "Wow! Central Banker Apologizes To America!"
Charles Hugh Smith has a post that is both entertaining and foreboding. He believes that the stock market is acting like a drug addict. He believes the market is addicted to and is high on the drug known as Quantitative Easing (QE). The drug pusher, of course, is the Federal Reserve Chairman, Ben Bernanke. Please […]Read more "Is The Wall Street Bubble Near Its Breaking Point?"
Ben Bernanke, Chairman of the Federal Reserve, has just put his virtual money printing presses in fourth gear. The only gear left is ¨overdrive¨. Remember when QE 3 was announced a couple of months ago? Some were calling it QE Infinity because there was no expiration date. QE 3 was a continuance of Operation Twist, […]Read more "Helicopter Ben Is At It Again"
We arm-chair quarterbacks can be merciless and I am no exception when analysing last night’s second debate between Mitt Romney and President Obama. Unlike the first debate, Barack Obama was present and accounted for. Obama¡s agressiveness at times made him appear a whinny brat as he kept calling for the moderator to keep track of […]Read more "The Bernanke Gets A Free Pass In Second Debate Also"