Tim Iaccono of The Mess That Greenspan Made points out that this week has been all Fed speeches, all the time:
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Source: The Mess That Greenspan Made,
Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work. ~Robert Orben
According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week's record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May '08 and net longs in the Canadian$ rose to the highest since Nov '07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to...
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January 16th, 2009 at 4:27 pm
This quote is more true today than in Depression years….
“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it”. — Congressman Louis T. McFadden
January 16th, 2009 at 6:26 pm
Whatever false god you decide to worship, no less money, it will ultimately destroy you. We worship the god of money at the altar of the federal reserve discount window. It will destroy us.