Fed Chairman Ben Bernanke has told global policy makers that he sees no risk of inflation becoming a problem in the United States. “The Fed’s preferred inflation measure is around 1.3 percent” This is problematic because the numbers used to measure the inflation rate do not accurately represent the true rate of inflation. Continue reading […]
Archives for April 2013
Social Security Disability Insurance is discouraging people from working
There are currently 9 million former workers enrolled in the federal Social Security Disability Insurance (SSDI) program and 2.5 million of them are in their 20s, 30s and 40s. This is part of the reason why the unemployment rate has gone down – less people are participating in the labor force and are filing for […]
12 ways to protect yourself from the economic collapse
The way financial experts and CNBC analysts have been acting over the past month one would conclude that the United States economy is booming again. As the Federal Reserve injects at least $85 billion a month into the economy, the stock market remains above 14,000. Heck, the anti-gold people were filled with glee and thrilled […]
Poll: Majority of Americans want more wealth redistribution by government
If you think the United States government excessively redistributes citizens’ wealth to other citizens – or if it is completely wrong and is theft – then you may not be pleased with the results of a recent economic survey. According to a Gallup poll, 60 percent of Americans believe that money and wealth should be […]
Fed’s Jeffrey Lacker says if he were dictator he would end QE now
Speaking to CNBC on Thursday, Richmond Federal Reserve President Jeffrey Lacker made a bold statement: if he were a dictator of the United States he would end the enormous bond purchasing measures and stop the quantitative easing program almost immediately that are supposedly benefiting the economy. The Fed is in the midst of $85 billion […]