Archive of posts tagged federal reserve

Obama Admin Cooks Unemployment Books & Pushes Fraudulent Numbers – Actual US Unemployment is 37.2 Percent

Obama Admin Cooks Unemployment Books & Pushes Fraudulent Numbers - Actual US Unemployment is 37.2 Percent

Obama Admin Cooks Unemployment Books & Pushes Fraudulent Numbers – Actual US Unemployment is 37.2 Percent

As we have said for years, the Obama administration doesn’t know how to tell the truth.
No matter what the subject, the Obama administration will lie to make themselves look better, or to coverup their rampant corruption and criminal actions.

Thee trend of the Obama administration lying at every possible opportunity definitely has not changed when dealing with their horrendous unemployment numbers. Obama and the Democrats don’t want you to know the real unemployment rate, and they know that the corrupt media will not alert you to the truth, which is that the real unemployment numbers are much closer to 40% than 6.7% lie being told by the Obama administration.

Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

In a memo to clients provided to Secrets, David John Marotta calculates

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Obama’s Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent “Leadership”

Obama's Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent "Leadership"

Obama’s Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent “Leadership”

For the second time in under 4 years, the brain-dead Obama administration has allowed our nation’s credit rating to be downgraded.

Citing the “quantitative easing from the Federal Reserve”, and mounting federal debt, Egan-Jones has been able to see through the Obama administration’s reality-bending ahead of the election, and are fully aware that the things that the Obama administration are doing to try and fool the voters into thinking that the economy is making a rebound are just smoke and mirrors designed to trick the American People.

Standard & Poor’s has already downgraded our nation’s credit rating, and Moody’s Investors Service said just this week that it will probably do the same.

Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.

In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does

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House Passes ‘Audit the Fed’ Bill – Congressional Investigators to Audit Federal Reserve

House Passes 'Audit the Fed' Bill - Congressional Investigators to Audit Federal Reserve

House Passes ‘Audit the Fed’ Bill – Congressional Investigators to Audit Federal Reserve

While a few brain-dead Democrats, like Rep. Elijah E. Cummings, fought to stop it, a full ‘broad audit’ of Federal Reserve has been approved in a vote today by the House oversight committee.

The aim of the House oversight committee audit is to bring accountability to the independent central bank, which plays a huge part in how well our economy performs.

The House oversight committee voted Wednesday to demand a broad audit of the Federal Reserve System by c — a major move that lawmakers said is designed to bring accountability to the murky workings of the independent central bank.

The bill was sponsored by Rep. Ron Paul, the Texas Republican who turned the push for an audit into a powerful presidential campaign slogan and whose criticism of the Fed’s monetary policy drew hundreds of thousands of voters into the political process.

It passed by voice vote, signaling the growing sense among lawmakers that the time has come for a full review.

“Clearly the Fed must be

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Greenspan: Obama’s Massive Stimulus Had Little Impact

The Federal Reserve's massive stimulus program had little impact on the U.S. economy besides weakening the dollar.No matter what the Obama administration or the corrupt, liberal, Obama ass-kissing media says, our economy has not even started to recover after all of the “stimulus” money they spread around to their friends. The only thing that the stimulus did was to ensure that the people who were given the free money will be much more likely to vote for the Democrats, which is exactly what the left knew it would do, and nothing more.

It really seems as though Obama and the Democrats are actively TRYING to make our economy collapse so that they can then re-make the United States into the ideal Communist/Socialist country that they have always wanted.

The Federal Reserve’s massive stimulus program had little impact on the U.S. economy besides weakening the dollar and helping U.S. exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday.

In a blunt critique of his successor, Fed Chairman Ben Bernanke, Greenspan said the $2 trillion in quantative easing over the past two years had done little to loosen credit and boost the economy.

“There is no evidence that

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