Examplesofglobalization.com

This article was first published by me on Talkmarkets: http://www.talkmarkets.com/content/real-estate--reits/did-the-fed-want-the-houses-back-for-wall-street?post=92305&uid=4798

The Fed wanted the houses back for Wall Street. It is hard to prove, but could be the truth. We see that the banks made money on toxic loans in the housing bubble, and then on loans to high powered investors on Wall Street, to buy houses that became available when the toxic loans failed. The conclusion for me is as follows:

1. Wall Street first made money on granting dubious mortgages, which had default risk, but the risk was mispriced.

2. This mispriced risk caused investors who were deceived, to grant more money for lending, and house prices soared due to easy money demand.

3. Then with the help of the Fed, Wall Street crashed the prices of subprime properties in mid 2007, knowing they could not be sustained once securitization was destroyed. Securitization was destroyed when the investors reali…

This article was first published by me on Talkmarkets: http://www.talkmarkets.com/content/economics--politics-education/federal-reserve-mandates-slow-growth-so-fed-must-finance-american-infrastructure?post=91756&uid=4798

My hope is that you follow this article closely, if you are interested in Federal Reserve matters, because we have uncovered more proof that the Fed will not allow a booming economy, period. So, knowing this we need to take Ellen Brown's article and Bernanke's quotes towards the end of this article seriously, because without sufficient taxation from a booming economy, we will need other means of financing the nation's crumbling infrastructure problem or it will not be financed.

Ellen Brown, a contributor to Talkmarkets, recently covered Congress' efforts to use the Federal Reserve to fund the highway bill. In this instance the Congress actually tapped dividends that the Fed pays to member banks.

But there is an even more ambitious way to use the …

This article was first published by me on Talkmarkets: http://www.talkmarkets.com/content/financial/fed-great-depression-and-great-recession-liquidations-go-unexplained?post=91522&uid=4798

Andrew Mellon made a statement that is in dispute as to its origin. It was found in the writings of Herbert Hoover. While many say it was not a legitimate expression of Andrew Mellon's opinions, I believe it was the expression of Hoover's understanding of the Federal Reserve Bank and that it applies to our times as well.

George Selgin of CATO said regarding the quote:
The famous Mellon “statement” is itself a caricature, made up after the fact by Hoover himself. There is actually no direct evidence that Mellon favored all-out “liquidation.” As an ex-officio member of the FRB, he supported rate cuts. For details see the abstract at Wiley.com.
The statement as found in Hoover's writings that Hoover attributed to Andrew Mellon was as follows:

 “…liquidate labor, liquidate stocks, l…