Nothing comes closer to the stereotypical, secretive group determining the fate of over 7 billion people, than the Bank of International Settlements. Over the centuries there have been many stories, some based on loose facts, others based on hearsay, conjecture, speculation and outright lies, about groups of people who “control the world.” Some of these are partially accurate, others are wildly... 

Adamant Federal Reserve opponent Sen. Rand Paul (R-Kentucky) says he will put a hold on Janet Yellen’s nomination to head the central bank, insisting that a bill of his that would audit the Fed be considered by Congress first. United States President Barack Obama said earlier this month that he had chosen Yellen, the 67-year-old vice chair of the Board of Governors of the Federal Reserve System,... 

The main question ahead of the key Fed meeting on Tuesday is whether the world’s largest economy can survive on less government monetary stimulus. Data shows the economy is still luke-warm but politics will encourage the Fed to slow quantitative easing. Chair Ben Bernanke gave strong hints in August that the Fed would decide to begin tapering its stimulus in September. If he reneges it could destabilize... 

Economists predict that the US Federal Reserve could lose half a trillion dollars in just three years thanks to policies enacted by the central bank under Chairman Ben Bernanke. A study conducted by investment analysts at New York City’s MSCI Inc. suggests that Mr. Bernanke’s efforts to keep the floundering economy in tact on the heels of a recession have proven to be futile and will continue... 

As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter – almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and… 1.34 percent gold,... 

On Wednesday, Ron Paul’s bill to audit the Federal Reserve was overwhelmingly passed by the U.S. House of Representatives. The vote was 327 to 98. You would think that a bill with such overwhelming support would easily become law. But it won’t, because Barack Obama and the Democrats plan to kill it. Senate Majority Leader Harry Reid has already said that the Senate will not even consider the bill.... 

Federal Reserve Chairman Ben Bernanke testified before Congress this week and warned lawmakers that America’s economic future is landing flat on their shoulders. During a Thursday meeting with congressional leaders in Washington, DC, Chairman Bernanke revealed that the dire dilemma of an “Taxmaggedon” coming to America is not just real but likely to rear its ugly head very soon if Capitol Hill... 

Euro fell against the dollar in the Asian session to erase gains made yesterday. Risk was off again after comments by Federal Reserve Chairman Ben Bernanke disappointed. He refrained from signalling immediate steps the U.S. central bank might take to spur growth in the world’s largest economy. Before Bernanke’s comments , market sentiment was high yesterday as the central bank of China... 

Announcement: Federal Reserve Chairman Ben Bernanke attends a news conference following a two-day policy session in Washington D.C. on Wednesday Europe’s debt crisis poses huge risks to America – while improvements in growth and unemployment are going to be much slower than first thought. Those were today’s dire warnings from the U.S. central bank, although it did note the strengthening in... 

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen… the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the... 

Protesters in several cities across the United States have gathered on tax day to demand an end to US-led wars abroad which have put a heavy burden on taxpayers. Protesters were especially angry after hearing that some of America’s biggest corporations like General Electric are paying no taxes this year, a Press TV correspondent in Washington reported on Friday. They were also angry with President... 

Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Wednesday, Feb. 9, 2011, before the House Budget Committee. Members of Congress sharply questioned Federal Reserve Chairman Ben Bernanke Wednesday over whether the Fed’s policies are raising the risk of higher inflation in the months ahead. House Budget Committee Chairman Paul Ryan, R-Wis., said he is concerned that... 

These leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008. The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009. The... 

TODAY THE FEDERAL RESERVE, America’s private central bank, began to ship billions of dollars to the central bankers of Europe in an attempt to stem the fall in the value of the euro created by Greece’s debt crisis. The total value of the deal could easily top $1 trillion according to experts. Americans — suffering from high unemployment and a tanking economy themselves — are expressing... 

Pure Magic (Alan Greenspan & Ben Bernanke) Barbara Cargill says the Federal Reserve presided over a 95 percent decline in the U.S. dollar The dollar ain’t what it used to be, and State Board of Education member Barbara Cargill wants Texas students to know it. The board hammered out more than 300 proposed changes to the state’s social studies curriculum in its January and March meetings,...