Spitfire List Web site and blog of anti-fascist researcher and radio personality Dave Emory.
The tag 'Federal Reserve' is associated with 22 posts.

Currency Wars: The New World Ordoliberalism

There’s been quite a bit of chat­ter late­ly about the threat of “Cur­ren­cy Wars” amongst glob­al pol­i­cy­mak­ers. It’s part of a larg­er debate over just what kind of eco­nom­ic poli­cies and modes of cen­tral bank­ing should even be philo­soph­i­cal­ly allow­able. The Bun­des­bank has some strong ideas about what gov­ern­ments should and should not be allowed to do with their mon­e­tary and fis­cal poli­cies. Not sur­pris­ing­ly, they’re also bad ideas.


FTR #675 Interview with Lucy Komisar: No Such Thing as a Free Lunch

Food Ser­vices Giant Sodex­o’s scams cost tax­pay­ers, school chil­dren big bucks; Tim­o­thy Gei­th­n­er ignored U.S. Trea­sury bonds naked short sell­ing; Swiss Banks join­ing AIG in off­shore machi­na­tions.


FTR #671 Update on the Meltdown, Part 4: Germany, the Underground Reich and the Global Financial Crisis

Ger­man fis­cal pol­i­cy the the 1920’s and ’30’s part­ly respon­si­ble for the Great Depres­sion? Sim­i­lar poli­cies in the 1990’s and lat­er respon­si­ble for the glob­al finan­cial cri­sis? The Under­ground Reich?


FTR #670 Update on the Meltdown, Part 3: Top Banana Republic

U.S. is beset by the same struc­tur­al eco­nom­ic and polit­i­cal prob­lems as Emerg­ing Mar­ket coun­tries; Will the “Top Banana Repub­lic” pull through? Or will we bring the rest of the world down?


Political establishment trashed consumer protections — and look what we got

by David Siro­taSan Fran­cis­co Chron­i­cle Please, for­give me for say­ing it. I know it’s a tad annoy­ing, but it has to be said to Amer­i­ca’s rul­ing class in this hum­ble col­umn space. Because if it’s not said here, then you can bet it won’t be said any­where else, and it needs to be said some­where […]


Repost: FTR #531 Interview with Lucy Komisar about Offshore

Insur­ance giant AIG’s pro­lif­ic use of off­shore scams, cap­tive rein­sur­ance, ille­gal gam­bits and oper­a­tions, aid­ed by high-lev­el gov­’t offi­cials and leg­is­la­tors.


Partying Like It’s 1929

by Paul Krug­manTHE NEW YORK TIMES If Ben Bernanke man­ages to save the finan­cial sys­tem from col­lapse, he will — right­ly — be praised for his hero­ic efforts. But what we should be ask­ing is: How did we get here? Why does the finan­cial sys­tem need sal­va­tion? Why do mild-man­nered econ­o­mists have to become super­heroes? […]


Forget Spitzer, fire Bernanke

by Chan AkyaA­sia Times­There must be some­thing about men achiev­ing pow­er that expos­es them to fre­quent mis­us­es of author­i­ty. In par­tic­u­lar, infi­deli­ty seems a par­tic­u­lar curse for the pow­er­ful across the world. This week’s events involv­ing the gov­er­nor of New York, Eliot Spitzer, may how­ev­er have helped to hide a more egre­gious mis­use of author­i­ty, […]


FTR #589 Interview with Lucy Komisar About the BCCI

Inves­tiga­tive jour­nal­ist Lucy Komisar’s chap­ter on BCCI in a new book “A Game as Old as Empire.”


FTR #531 Interview with Lucy Komisar about Offshore

Analy­sis and dis­cus­sion of insur­ance giant AIG and its pro­lif­ic use of “off­shore” scams, AIG’s pio­neer­ing devel­op­ment of “cap­tive” rein­sur­ance com­pa­nies to laun­der prof­its and evade tax­es, AIG’s Coral Rein­sur­ance, ille­gal gam­bits and oper­a­tions have been aid­ed by pow­er­ful and influ­en­tial peo­ple.