The United States does not have a capitalist system. We have a corporate fascist economic system where a small cartel of bankers, military weapons suppliers, and mega-corporations set the agenda for the country through their complete capture of politicians and the mainstream corporate media.
According to a Gallup poll, over half of Americans belief that US economy is in Recession or Depression. More and more people are even preparing themselves and their families to become independent from the system, in order to survive a coming economic collapse, where the distribution of food and energy will break down.
The U.S. economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech spelling out ways the U.S. central bank has studied lower income communities.
The U.S. economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech spelling out ways the U.S. central bank has studied lower income communities.
U.S. consumer spending rose in March as households stretched to cover higher costs for food and gasoline, with inflation posting its biggest year-on-year rise in 10 months.
The dollar floundered at three-year lows against a basket of currencies on Friday, keeping precious metals near record highs, although the risk of dealers covering bets against the beleaguered U.S. currency in thin trading looms, especially given holidays in some centers including Japan.
The take away from Bernanke's comments yesterday should allay any fears that the Federal Reserve will be lifting interest rates any time soon.
Gold prices jumped after Federal Reserve Chairman Ben Bernanke’s press conference because he confirmed that he doesn’t understand monetary inflation.
Gold Investing prices extended last night's strong gains on Thursday, hitting fresh all-time highs at $1534 per ounce as new US data showed inflation accelerating sharply.
Wall Street was set for a lower open on Thursday after a report showed the U.S. economy grew less than expected in the first quarter and a number of companies pointed to rising costs.
Wall Street edged lower on Thursday after data showed the U.S. economy grew less than expected in the first quarter and a number of companies pointed to rising costs, but the Nasdaq remained close to its 10-year high reached in the previous session.
U.S. stock index futures edged lower on Thursday, a day after the Nasdaq rose to a 10-year high and investors looked ahead to first-quarter growth data amid concerns the U.S. economy may be starting to slow.
Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.1 percent, Dow Jones futures up 0.2 percent and Nasdaq 100 futures up 0.1 percent at 0840 GMT.
The dollar slid to three-year lows on Thursday, helping U.S. crude oil up to a 2-1/2 year high, and stocks rose worldwide as investors bet ultra-loose U.S. policy will continue to drive money into riskier assets.
Wall Street graded Federal Reserve Chairman Ben Bernanke's first post-meeting news conference an A-, praising him for poise and transparency but noting that financial journalists didn't make him sweat.
Federal Reserve Chairman Ben Bernanke signaled on Wednesday that the U.S. central bank is in no rush to scale back its support for the economy with the labor market still in a very, very deep hole.
Federal Reserve Chairman Ben Bernanke on Wednesday said the U.S. central bank could best ensure a strong dollar was by creating the conditions for strong economic fundamentals.
The following are highlights from Federal Reserve Chairman Ben Bernanke's press conference on Wednesday after the central bank's monetary policy committee meeting. This is the first regularly scheduled press conference by a Fed chief.
Federal Reserve Chairman Ben Bernanke said on Wednesday a strong, stable dollar is in U.S. and global economic interests but could not say how long the Fed would maintain the loose monetary policy that has been blamed for its current weakness.
Federal Reserve Chairman Ben Bernanke signaled on Wednesday that the U.S. central bank is in no rush to scale back its support for the economy with the labor market still in a very, very deep hole.
Federal Reserve Chairman Ben Bernanke said on Wednesday a strong, stable dollar is in U.S. and global economic interests but could not say how long the Fed would maintain the loose monetary policy that has been blamed for its current weakness.
Federal Reserve Chairman Ben Bernanke’s press conference proceeded largely as expected. He didn’t say too many new things and mostly restated his well-known position. Below are some of the important highlights.
