Submitted by savcash on Wed, 04/27/2011 - 00:17.
cnbc at 1 pm tomorrow est . (The Fed is due to release a policy statement tomorrow at about 12:30 p.m. New York time, and Fed Chairman Ben S. Bernanke is scheduled to speak to reporters at 2:15 p.m.) Bernanke Meets the Press
The Fed chairman is holding the first scheduled press conference in Fed history tomorrow.
--snip--Tomorrow, the notoriously close-mouthed Federal Reserve is holding the first scheduled press conference in its entire history. As part of a push for transparency and public approval, Fed Chairman Ben Bernanke will now submit to media questioning four times a year, following meetings where the Federal Open Market Committee updates its economic outlook.
This is something of a radical change, by Fed standards, and a curious one. Until 1994, the Fed declined even to notify the public of policy changes, leaving an army of Wall Street "Fed watchers" to figure them out for themselves. The FOMC did not regularly release statements until 1999. Most Fed chairmen have tended to shy away from the cameras. Now, Bernanke is thrusting himself in front of them.[//more at link]
http://www.slate.com/id/2292069/?from=rss
Will the dollar tank even more after this meeting? Going below 76-73 cents?
http://dollarcollapse.com/inflation/one-chart-two-ways-to-measure-the-dollars-decline/attachment/dollar-and-gold-april-2011-3/
(w/chart of decline compared to rise of GOLD)
[//] more at http://www.bloomberg.com/news/2011-04-26/treasuries-advance-as-u-s-aucti... [//]
and http://thecomingdepression.blogspot.com/ how the fed could kill the dollar tomorrow.
But of course, they are really good at not giving up much information. And, one has to wonder, is there more then one set of books??
Hehee, Betty
Regional Economics Action Links North East Ohio
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Title: Live coverage of Bernake's press conference 2:15PM WED
Title: Live coverage of Bernake's press conference
Click Here:
On April 21, 2010, the US Government announced a heavily redesigned $100 bill that featured bolder colors, color shifting ink, microlenses, and other features. It is scheduled to start circulating February 10, 2011.[15] It will cost 11.8 cents to produce each bill.[16]
"The soundness of a nation's currency is essential to the soundness of its economy. And to uphold our currency's soundness, it must be recognized and honored as legal tender and counterfeiting must be effectively thwarted," Federal Reserve Chairman Alan Greenspan said at a ceremony unveiling the $20 bill's new design. Prior to the current design, the most recent redesign of the U.S. dollar bill was in 1996.
[//]
The United States Is In Deep Doodoo!
Imagine for a moment....please click above link for this VIP story, [//]
In describing the FED, McFadden remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932:
"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the misadministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it".
[//] End the FED!! Betty
The problem is, America is NOT a Democracy - it is a Republic! As our Founding Fathers established, can we keep it?
10.46= 1,537.86 for gold and 1.31 = 49.26 silver overnight gains
did you see the real time charts above, showing the gains or losses of gold, silver and the dollar?? (US dollar loss $0.23 down to 72 cents)
Keep your eyes on these charts, (as they are changing to keep up - or down) everyone is saying this is going to be a real bumpy ride. If you have any extra funds, trade those FRN (federal reserve notes) into gold or silver is also the advice of many.
Silver has outperformed most of the other precious metals, what, over 60% just since Jan?
Look at these charts.
http://www.financialsense.com/contributors/chris-puplava/when-is-time-to...
----"It is almost unthinkable that a US corporation can display less credit risk than the government that they domicile in, but that is exactly what is occurring" [//]. Betty
The problem is, America is NOT a Democracy - it is a Republic! As our Founding Fathers established, can we keep it?