Sep 22, 2011 at 11:38 AM
DEPARTMENT OF PEACE - Ron Paul Says He Would Consider Putting Dennis Kucinich In His Cabinet
A riptard campaign spokesman later said Dr. Paul "was only joking." It would be a solid strategic decision for pragmatic and political reasons, as Kucinich would make a stellar Secretary of Defense in a new era of non-interventionism and neo-con suicides.
Story inside.
Actor Vince Vaughn (Who Supports A Full Audit Of The Fed) Introduces Ron Paul At LPAC 2011
Video - Vince Vaughn Introduces Dr. Ron Paul at LPAC 2011 - Sep. 16, 2011
Not coincidentally, Vaughn wrote an introduction to Paul's best-selling book End The Fed.
Paul's complete LPAC speech is inside for those interested.
How Stimulus-Zilla Killed Japan, And Why We'll Probably Suffer A Similar Fate
Anyone who doesn't believe in the harm of a financial bubble but does believe in Keynesian stimulus magic should visit Japan.
Marc Faber: 'Bernanke Finally Did Something Right'
Video - Marc Faber On Bernanke's Operation Twist - Sep. 21, 2011
Pretty decent interview from Faber - Runs 4 minutes.
Bernanke Speaks - It's Operation Twist
WASHINGTON (MarketWatch) -- The Federal Reserve on Wednesday said it will sell $400 billion worth of short-maturity bonds it holds and reinvest in bonds maturing between 6 and 30 years by the end of June 2012, confirming market expectations that it would revive the 1960s-era program dubbed "Operation Twist." By a 7-to-3 vote, the Fed also said it will reinvest proceeds from maturing mortgage-backed securities into mortgage-backed securities, instead of its previous practice to buy Treasurys with the proceeds. The Fed kept its target Federal funds rate between 0% and 0.25% and kept its pledge, first announced in August, to keep rates at exceptionally low levels through the middle of 2013. The Fed said that "economic growth remains slow" and inflation will settle at or below levels consistent with its dual mandate.
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Fed Watch - Original Operation Twist Took Years To Work
Start watching at the 3:30 mark - Relevant commentary runs 1 minute from there. Video produced by an Australian Economics professor (not Austrian).
Open Thread - Waiting For Bernanke
Waiting for Godot Bernanke's announcement on Operation Twist scheduled for 2:15 pm EST. No matter what he says, it will disappoint the markets. What sayeth you?
Feel free to post links in comments.
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Geithner Ignores Obama Citigroup Order, Jamie Dimon The Wall Street Lobbying Machine, More Corruption From Sen. Feinstein & Husband, Defense Dept. Fear Mongering, Paul Volcker Inflation Op-Ed (LINKS)
- Geithner Ignored Obama Order to Plan for Citigroup Bankruptcy - Bloomberg
- Unmasked And Arrested At Wall Street Protests - Rarely Used 150-Year-Old Law
- A Little Inflation Can Be a Dangerous Thing - Paul Volcker NYT Editorial
- BUSTED - S.E.C. Refers Ex-Counsel’s Actions on Madoff to Justice Dept.
- SEC Proposes Ban on Magnetar-Like Deals - Pro Publica
- UK's Bernanke Lobbies For Massive QE - NYT
- Abuse & Brutal Conditions Inside Amazon.com Warehouses
- GOP Congressman Warns Of Revival Of Draft If Defense Cut Too Much
- BofA, JPMorgan Fail to Make Fannie Mae Grade for Loan Servicing - Bloomberg
- 1-Man Lobby Jamie Dimon Presses Washington to Ease Bank Rules - Bloomberg
- Israel Has Dumped 46 Percent of Its U.S. Treasury Bills; Russia 95 Percent
- China Consolidates Grip on Rare Earth Metals
- How Sen. Feinstein Helped Her Husband And China Dominate Rare Earth Metals
Additional stories are in comments.