Greenspan Discusses the End of the Fed ... What Comes Next?

Subject: Greenspan Discusses the End of the Fed ... What Comes Next? / Not Your Father's Stock Market Anymore

Today's Newswire

Mar. 16.13

Greenspan Discusses the End of the Fed ... What Comes Next?

Saturday, March 16, 2013 – By Anthony Wile Anthony Wile An interesting article in  Forbes  entitled "If Alan Greenspan Wants To 'End The Fed', Times Must Be Changing," informs us that the predictions we made long ago about the Federal Reserve are coming true. The author of the article is Nathan Lewis, an economist, former strategist for institutional investors and author of a best-selling book  Gold, the Once and Future Money .

Our predictions regarding the Fed were first published in May 2009, and were related to a congressional hearing that showed Fed representatives to be woefully unprepared. This was the first inkling we had that the institution itself was in perhaps terminal trouble. Here's what we wrote at the time in an article entited, " Beginning of the End? Fed Cannot Account for $9 Trillion "...

We saw the interview with Elizabeth Coleman on TV and then again and again and again on youtube.com. It is entitled "Is Anyone Minding the Store at the Federal Reserve?" and it is one of the single most astonishing moments (or minutes) ever manifested or preserved in this already-amazing digital era. A century ago, when the powers-that-be pushed through the act that set up the American Federal Reserve – which basically kicked off the central banking era in America and abroad – the kind of technological ubiquity offered by the Internet would certainly have been seen as a major and alarming challenge. Well, it is.

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Not Your Father's Stock Market Anymore ...

Saturday, March 16, 2013 – By Edward Karr Edward Karr Over at the  Los Angeles Times , Tom Petruno has written an article entitled, "Fed Powers the Stock Market Up." In it, he explains why the Federal Reserve is worried about US stock market averages. Here's part of what he writes:

Officially, the Federal Reserve isn't supposed to worry about keeping stock prices flying high. But when Fed Chairman Ben Bernanke was asked recently on Capitol Hill about the market's outlook, he sounded like a lot of bullish Wall Street investment strategists.

"I don't see much evidence of an equity bubble," he told the Senate Banking Committee in his semiannual testimony on Fed policy. Stocks "don't appear overvalued given earnings and interest rates."

More important for the markets, Bernanke pledged to continue the Fed's policy of pumping colossal sums into the financial system to support the economic recovery.

As stocks flirt with the record highs reached just before the global financial crash of 2008, memories of that catastrophe loom large. Many Americans have abandoned equities since the crash, terrified of living through another one.

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Anthony Wile , Chief Editor -