Below you'll find a list of all posts that have been tagged as “Chair of the Federal Reserve”
Updates on Economic Threats: Corbyn vs Morgan Stanley, cars for super-rich, information vs profit, Fed chair Powell’s over-reach, why regulations are never enough, and corporate criminality. Interview with David Jette about public vs private banking. Download this episode (right click and save)
Life is great for ex-President Barack Obama. Fresh from an extended vacation, he’s adjusting well to his new life as a recently minted, self-branded multimillionaire entrepreneur, and wife Michelle is racking up multimillion-dollar contracts and high-paying engagements of her own. A top priority now, Obama says, is getting the Barack Obama Presidential Center built on Chicago’s South Side, and raising …
Who runs and controls the Federal Reserve and what is its ultimate goal James Corbett is the founder and editor of the Corbett Report, a website he started in 2007 to provide critical analysis on politics, society, economics and history. He has written, recorded and hosted 1000s of hours of audio and video which has brought him to the attention of major independent media …
The next financial crisis on the horizon and the role of the Central Banks in bringing it about Dr. Jack Rasmus is a professor of political economics at St. Mary’s College and Santa Clara University in California. Prior to teaching, he was an economic analyst for several global corporations and an organizer, negotiator and business representative for several labor unions. At one …
Dr. Rasmus initially comments on the continuing slowdown of prices and the Federal Reserve’s 9 year long phony targeting of 2% inflation. Rasmus reviews his just published article in the European Financial Review, “The Limits of Central Banks’ Emerging Policy Shift” (available on his blog, jackrasmus.com) and what’s next after the Fed’s Jackson Hole gathering in late August. Next a comment …
Dr. Rasmus continues the review of the Federal Reserve Bank, showing how the private banks today control the Fed more than ever in recent decades. How the Fed’s structure permits private banking interests to dominate strategic decisions of the central bank, and how there control of the Fed is about to deepen further under Trump. Jack explains how the expansion …
Complimenting last week show’s review of key economic events of 2016 and economic predictions for 2017, Rasmus provides a similar overview of key political events in 2016, their likely continuing impact into this year, and his political predictions for 2017. Discussion includes the Trump victory in 2016 and the Democratic Party’s corresponding implosion at national, state and local levels. Rasmus predicts Trump quick legislative successes passing multi-trillion dollar corporate-investor tax cuts, gutting Obamacare, and repealing Dodd-Frank. On foreign policy, Jack predicts a deal with Russia over Syria, a continuing Trump ‘hard pivot’ to China already underway, a shift in US policy to allow Japan to remilitarize, and new US initiatives toward Taiwan, South Korea, Philippines and Australia as Trump attempts to ‘soften up’ China before engaging in bilateral renegotiation of the US-China relationship. Europe and Latin America key events in 2016 are reviewed, including Brexit, the Italian Referendum, and US-assisted legal coup d-etats in Argentina, Brazil, and efforts to destabilize Venezuela. Jack predicts elections in France, Netherlands, and Italy next year, and a renewed Greek debt crisis, will further destabilize Europe politically. Anti-US and Europe sentiment in Turkey could result in resumption of mass immigration. A National Front party victory in France will ensure the unraveling of Europe. Jack further predicts Trump will go slow on NAFTA and TPP and shift to negotiating bilateral free trade deals, go slow on the Iran treaty and strike a ‘deal’ on east Europe (including Ukraine) with Russia. Immigration policy will begin deporting millions, and a crackdown on civil liberties will result in more intense police action against protestors like Black Lives Matter and Standing Rock. The feud between Trump and the US mainstream media (Times and Post) will continue, as the latter continue to build a case against Trump in the longer run.
Italy Referendum, Italy-EU Bank Crisis, and Europe Unraveling’
Woody Herman Sextet: Early Autumn
Ella Fitzgerald: Early Autmn
Charlie Parker: Autumn In New York
Frank Sinatra: Autumn In New York
Flaming Lips: My Cosmic Autumn Rebellion
Genesis: Evidence Of Autumn
Kinks: Autumn Almanac
Simon & Garfunkel: Leaves That Are Green
Byrds: Turn Turn Turn
Van Morrison: Old Old Woodstock
Green Day: Wake Me Up When September Ends
Steely Dan: My Old School
Broken Bells: October
Greg Brown: Brand New 64 Dodge
Dr. Jack Rasmus reviews recent developments in the growing instability in Germany’s largest bank, Deutsche Bank, and explains how it is a reflection of a deeper, ongoing crisis in the Euro banking system itself. Parallels of Deutsche Bank—the ‘Goldman-Sachs’ of Germany—with the 2008 crash of US Lehman Brothers investment bank are discussed, with Rasmus predicting the German central bank, Bundesbank, will eventually bail out Deutsche—unlike the US decision in 2008 to let Lehman go under. Also addressed: how Rasmus’ theoretical work published earlier this year, ‘Systemic Fragility in the Global Economy’, predicted the growing crisis in the Euro banking system, which is now expanding beyond Italy’s banks to Germany and beyond. How the Deutsche crisis is exacerbating in-fighting between the Bundesbank and the European Central Bank, the ECB, and attacks on ECB chair, Mario Draghi. The Deutsche-Euro bank crisis is a reflection of the growing awareness of the failure of the ECB and other central banks’ QE and negative rates policies—including the US Federal Reserve—to stimulate the real economy and only boost stock and other financial markets. Jack explains how the Deutsche affair is also a reflection of the failed structure of the Eurozone currency union itself. The show concludes with brief comments on Saudi Arabia/OPEC’s recent decision to cut oil supplies to raise global prices, how Japan is considering redefining its GDP in order to raise growth on paper, and on the phony debate on taxes during the recent 1st presidential debates this past week between Clinton and Trump. (For more on Jack’s analysis of the 1stpresidential debate, read his article at his blog, jackrasmus.com, or go to the PRN website articles archive).
