T-Room

The Best in Alt News

September 1, 2011

Peter Schiff: 'QE2 is the reason for recession'

From RT – “On Friday new numbers are going reveal what is occurring in the employment sector, but many economists say the outlook is grim. The unemployment still lingers at around nine percent and Congress has fallen short of creating jobs for many Americans. The Federal Reserve is believed to step in again with more quantitative easing, but is this really the solution to the US’ economic problems? Peter Schiff, president at Euro Pacific Capital, will help answer some questions.”

April 13, 2011

Keiser Report: Banking XXX and The Real Housewives of Wall Street by Matt Taibbi

httpv://www.youtube.com/watch?v=V3NdUU1wWa4

The Real Housewives of Wall Street

Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?

By Matt Taibbi
April 12, 2011 9:55 AM ET

America has two national budgets, one official, one unofficial. The official budget is public record and hotly debated: Money comes in as taxes and goes out as jet fighters, DEA agents, wheat subsidies and Medicare, plus pensions and bennies for that great untamed socialist menace called a unionized public-sector workforce that Republicans are always complaining about. According to popular legend, we’re broke and in so much debt that 40 years from now our granddaughters will still be hooking on weekends to pay the medical bills of this year’s retirees from the IRS, the SEC and the Department of Energy.Why Isn’t Wall Street in Jail?

Most Americans know about that budget. What they don’t know is that there is another budget of roughly equal heft, traditionally maintained in complete secrecy. After the financial crash of 2008, it grew to monstrous dimensions, as the government attempted to unfreeze the credit markets by handing out trillions to banks and hedge funds. And thanks to a whole galaxy of obscure, acronym-laden bailout programs, it eventually rivaled the “official” budget in size — a huge roaring river of cash flowing out of the Federal Reserve to destinations neither chosen by the president nor reviewed by Congress, but instead handed out by fiat by unelected Fed officials using a seemingly nonsensical and apparently unknowable methodology.

Read the rest of this article HERE

March 7, 2011

Dollar vs. Gold In A Dual Inflation-Deflation Economy Part 1

By Doug Eberhardt

Every time you hear “the dollar’s down” or “the dollar’s up,” what exactly does that mean? If they say the dollar is currently trading at 76.54, as it is today, what does that tell you about the relative strength of the dollar or its purchasing power? The truth is, it doesn’t tell you much at all.

I began to make this case in Why Gold Is a Better Currency Indicator Than the U.S. Dollar Index. In this article I will further explain how looking at the dollar as represented by the dollar index alone doesn’t paint a complete picture and how inflation and deflation are occurring at the same time and what that means for gold investors.

The Dollar Has Been Up and Down the Last Three Years

We can see from the following chart that the dollar, as represented by the Dollar Index, has been above and below the 80 line a couple of times in each direction the last few years. Does this picture paint whether we have inflation or deflation? How? [Read more…]