Tag "Federal Reserve Board"
Back to homepage
Economic boom fake
The U.S. economy in the third quarter supposedly enjoyed strong economic growth of 3.5 percent. But look between the lines and the growth was fake. Reported the L.A. Times: Government spending surged 4.6% in the third quarter, the fastest annual
Read MorePeter Schiff: economy about to collapse
June 20, 2013 By John Seiler Gov. Jerry Brown and the California Legislature have been congratulating themselves for passing a budget on time and with a surplus. It’ll likely be the last time they do so for a long time.
Read More61% of kids want govt. out of their lives
May 9, 2013 By John Seiler Here’s a heartening story. From the time they go to preschool until the day they graduate from professional school three decades later, kids these days suffer relentless politically correct indoctrination. Their K-12 teachers and
Read More
Middle class being wiped out
Dec. 2, 2012 By John Seiler It’s not just the recent economic and political nonsense by both parties that’s hurting the middle class. It’s more than four decades of it. A new study finds: “The median net worth of American households
Read MoreBankruptcy series: The Road Ahead
Editor’s Note: This is the 11th in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy. Nov. 14, 2012 By Chriss Street Up through September 2011, Wall Street underwriters, bond counsels and other assorted securities industry camp followers were gloating over
Read MoreEconomy, DOW have stagnated for 15 years
Oct. 12, 2012 By John Seiler The evidence keeps rushing in that the U.S. and California economies have stagnated for about 15 years. Obviusly, there are bright spots, such Apple, Google and the other Silicon Valley nerd factories. But for
Read MoreFederal Reserve warns, Calif., other municipal bonds very risky
Aug. 20, 2012 By Chriss Street Last week, we first reported first that “Permanent Link to Calif. sales tax revenue nosedives 33.5%,” then that “Moody’s warns of mass Calif. municipal bankruptcies.” During the Great Recession of the last four years,
Read MoreJP Morgan fiasco means higher interest rates ahead
May 15, 2012 By Chriss Street If there was an Academy of Motion Picture Arts and Sciences award for the best acting performance by a CEO, Jamie Dimon of J.P. Morgan Bank would surely win the Oscar for his dismissal
Read More
Lugar loses, Tea Party wins
Commentary May 9, 2012 By John Seiler Back during the People Power Revolution in the Philippines in 1986, which kicked dictator Ferdinand Marcos out of power, one U.S. Senator who played a role by flying to the country was Richard
Read MoreBrown: Botch Housing Even More
John Seiler: The housing crisis of recent years was caused by the government itself. The Federal Reserve Board — a quasi-private bank whose directors are appointed by the president — has debased the dollar while keeping interest rates artificially low.
Read More