In another attempt to lift the economy out of a deepening recession, the U.S Federal Reserve Bank cut its key interest rate Tuesday by a drastic 3/4 of one percent. Top officials of the U.S. Federal Reserve pushed the benchmark rate to a record low (a range of between zero and 0.25 percent), the tenth cut in short term rates in the past 12 months.
And Wall Street greeted the Fed’s action enthusiastically even in the face of two other disappointing economic reports and continued weakness in oil prices. VOA’s Robert Raffaele has more.
Duration : 0:2:20
21 September 2008 … Erin Burnett Jim Cramer CNBC Street Signs Mad Money Economy Oil Prices Wall Banks Auto Industry Housing Subprime Loans Credit Crisis Bailouts Savings Great Depression
This is an interview with legendary Jim Rogers conducted by the Stock Gunslinger. We thank Mr. Jim Rogers for allowing us to interview him. To listen to the full podcast go to www.stockshotz.neogentrading.com
Are we at the bottom of the stock market? Does this market have any hope of sustaining this rally? What’s the economy outlook for this year…and the next few years? How can I better prepare for our new, dark economic reality? Is it possible to know what’s going to happen in the future?!?! I will discuss these and related topics in this 3 part series. I will also teach you something so shocking and simple, that it will change your life forever. You can predict what’s going to happen in this …
11/18/2008 Congressman demands to know if discussions regarding new reserve system to replace dollar have taken place. Congressman Ron Paul confronted Federal Reserve chairman Ben Bernanke this morning about plans to replace the dollar with a new global currency during the House Financial Services Committee meeting on Capitol Hill. Already we see talk.about a new international world reserve currency and to me thats pretty important because the fiat dollar reserve system is not gonna work …
Audio deleted because of a Dark Knight copyright claim. To most Americans, the Federal Reserve is just another name on their dollar bill. They don’t know that this secretive private bank controls America’s entire economic system. The Federal Reserve is no more federal than Federal Express. Created with no constitutional authority in 1913, the Fed prints money out of thin air and loans it to the US treasury at interest. This can only lead to one outcome: debt. Currently, the Federal Reserve …