Federal Reserve

Blog

Peak Prosperity

Money Creation: The Fed - Crash Course Chapter 8

Creating money out of thin air since 1913...
Friday, August 8, 2014, 8:49 PM

Chapter 8 of the Crash Course is now publicly available and ready for watching below.

As a follow-on to the two previous chapters -- one explaining the nature of fiat money, the other showing how money is loaned into existence through our fractional reserve banking system -- this week's video details the Fed's near-magical ability to create money out of thin air (literally!). » Read more

Podcast

Martin Bangemann | Dreamstime.com

David Stockman: The Collapse of the American Imperium

A perfect storm of policy failures
Sunday, August 3, 2014, 11:47 AM

David Stockman, former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier is an insider's insider. Few people understand the ways in which both Washington DC, The Fed, and Wall Street work and intersect better than he does.

He's extremely concerned by the "perfect storm" he sees of concurrent failures in US policy across foreign, monetary, economic, fiscal fronts: » Read more

Insider

Radomir/Shutterstock

Darkening Skies

Market threats are multiplying
Wednesday, July 30, 2014, 7:31 PM

Chris is busy finishing up a meaty report on the accelerating friction between the West and Russia, so I'm stepping in to make some quick notes on today's meaningful developments.

As PP.com readers know, we've been cautioning about a serious market correction for a long time. Valuations have been so far divorced from fundamentals for so long that we are frighteningly overdue for a drop -- likely a large one -- in asset prices. » Read more

Blog

Ralf Siemieniec/Shutterstock

What Is Money?: Crash Course Chapter 6

The world revolves around it, but it's poorly understood
Friday, July 25, 2014, 11:52 AM

Money plays an incredibly large role in the world, but yet it remains poorly understood. What exactly is it? What do the pieces of paper we hold in our wallets and bank accounts actually represent?

Developing an understanding of the underlying role of money allows us to better see when it is being used properly, or abused. And history shows that abuse is more the norm than the exception: the record shows over 3,800 previous examples of paper currencies that no longer exist. » Read more

Insider

Everett Collection/Shutterstock

Off the Cuff: The Fed Is Very, Very Scared

Confidence in its omnipotence is waning
Friday, July 18, 2014, 2:16 PM
  • The Fed's Nightmare
    • Bedlam will ensure if/when the market loses confidence
  • Age of Anomalies
    • Fed-induced market distortions are shaking that confidence
  • Pump & Pray
    • Does the Fed have any better game plan?
  • Central Planning Fault Lines
    • Rifts among allies are increasing the risks
Insider

godrick

Off the Cuff: To The Moon And Back

They higher we go, the farther the fall
Thursday, July 10, 2014, 2:51 PM

In this week's Off the Cuff podcast, Chris and Mish discuss:

  • Highs And Lows
    • How high will the markets climb? And how fast/far will they fall?
  • The Magic Fed
    • The backstop of last resort. But what will happen when it fails?
  • It's Net Energy, Stupid
    • The measurements for our economic decisions are all wrong
  • Prostitutes & Drugs
    • The lengths we go to fool ourselves
Blog

JRMurray76/Shutterstock

Reality-Optional Economics

Cockamamie Stories Infecting the Body Politic
Wednesday, July 9, 2014, 1:10 PM

The total tonnage of economic malarkey being shoveled over the American public these days would make the late Dr. Joseph Goebbels (Nazi Minister of “Public Enlightenment and Propaganda”) turn green in his grave with envy. It’s a staggering phenomenon because little about it is conspiratorial; rather, it’s the consensual expression of a public that wants desperately to believe things that are untrue, and an economic leadership equally credulous, unmanned, and avid to furnish the necessary narratives that might preserve their jobs and perqs. » Read more

Blog

The Approaching Inevitable Market Reversal

Closer every day...
Wednesday, July 2, 2014, 8:06 AM

Though we’re constantly reassured by financial pundits and the Federal Reserve that the stock market is not a bubble and that valuations are fair, there is substantial evidence that suggests the contrary.

The market is dangerously stretched in terms of valuation and sentiment, and it does not accurately reflect fundamentals such as earnings and sales growth. » Read more

video

This chapter of the new Crash Course series has not yet been made available to the public.

Each week over the rest of 2014, in sequential order, a new chapter will be made publicly available (we've currently published up to Chapter 10)

If you don't want to wait, you can:

 

 

 

 

video

This chapter of the new Crash Course series has not yet been made available to the public.

Each week over the rest of 2014, in sequential order, a new chapter will be made publicly available (we've currently published up to Chapter 9)

If you don't want to wait, you can:

  • Enroll today to watch this new chapter right now (as well as all the other chapters of the new Crash Course), or