Stories tagged with "Federal Reserve"
An Alien Translation of the FOMC Policy Statement
Posted by Nate Hagens on August 12, 2009 - 3:21pm
Topic: Miscellaneous
Tags: alien perspective, federal reserve, fomc, talos, talosian [list all tags]
Have We Reached an Inflection Point in Economics History?: “Indeflation” and Energy
Posted by Prof. Goose on June 26, 2009 - 10:15am
Topic: Economics/Finance
Tags: commodities, compartflation, deflation, dollar, economics, energy, eroi, federal reserve, indeflation, inflation, net energy, oil prices, speculators [list all tags]
A fierce debate now rages among economists, investors, pundits and the puppetmasters of fiscal policy: What’s next, inflation or deflation?
Has the most massive money-printing spree in history successfully stimulated the global economy and put it back on an upward course with rising inflation? Or are we still in a global downturn, temporarily masked by the stimulus, with prices, wages and employment still falling?
A comforting 30% gain in the major stock market indexes since the March lows has given renewed confidence to the “green shoots” trumpeters who dominate the airwaves and the press.
But grayer and wiser heads in the investing community—like Dave Rosenberg, John Mauldin, Nouriel Roubini, Gary Shilling, Peter Schiff, and Dave Cohen—have a more bearish view. The financial sector must now deleverage, they argue, which means liquidating assets, repaying debt, saving instead of borrowing, and contracting in general. In their view, the process will take years, not months, and what we have seen since March is a classic bear market rally.
The Borg: A Financial Allegory
Posted by Gail the Actuary on October 6, 2008 - 10:38am
Topic: Economics/Finance
Tags: bank, banks, collapse, credit, debt, federal reserve, fiat money, finance, financial system, insolvency, jason bradford, monetary system, money, original [list all tags]
This is an allegory explaining some of the monetary issues associated with the current financial crisis. It was written by Jason Bradford. Jason was an academic biologist who "retired" at a young age to become a community organizer and learn how to farm with peak oil in mind. He also hosts a biweekly radio show on public radio called The Reality Report.
I have never been a huge follower of Star Trek, but when thinking about the financial beast thrashing about the Borg comes to mind.

"Strength is irrelevant. Resistance is futile...Your culture will adapt to service ours." -- The Borg.
The Borg is a hive-like hybrid swarm of humanoid species, turned partially robotic. They are distinctly goal oriented towards “assimilation” of all other humanoids and press themselves relentlessly with the creepy mantra “Resistance is futile.”
The money system is eerily Borg-like. Because it structurally requires growth, it works relentlessly to assimilate all forms of capital. The natural consequence is that everything must be for sale. Values of freedom, independence, self-reliance, and even conservation are subservient to the goal of growth—which is really just growth of the financial Borg, not human welfare or the security of a habitable planet.


k Nation (Jim Kunstler)






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