A bill has even been proposed to Congress requiring an audit of the Federal Reserve. Yesterday on CNBC, Jim Grant offered some insight into the possibililty of such an audit.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
read more »
Tweet
Facebook
Reddit
Digg this!
June 11th, 2009 at 11:35 am
Careful. Jim Grant could be public enemy #1 for the FR crime syndicate. Judging by the e-mails Bull$hit Ben and other FR officials made about Ken Lewis/BOA, I don’t think they take directed criticism lightly. Thanks to Jim Grant for speaking up.
June 11th, 2009 at 12:21 pm
The Federal Reserve is the underlying problem for this entire financial crisis. If you think this financial debacle was an accident, you need to enlighten yourself. G. Edward Griffin wrote a book called “The Creature from Jekyll Island”. In a speech in 1994 he tells the story of the Fed’s creation. The conclusions he draws at the end of the speech are all coming true 15 years later. Very scary! If you have never listened to this speech, do yourself a favor and invest 73 minutes of your time.
Here is the link: http://dishonestmoney.com/jekyll_island_talk.html
Get active – END THE FED –
June 11th, 2009 at 6:05 pm
Whats her name .. the cute one at the end of the table… said not a word after Jim mentioned the possibility of a bubble in skirts. I don’t think he was getting at her, he just made a Freudian slip. I would be likely to make a similar mistake in the same situation.
Where can I go to vote for Jim Grant for head of the Federal Reserve? What??? you mean to tell me that the most important economic/political position in the world is not elected by the common people?