Federal Reserve Fraud

Is the Federal Reserve Fraud only a fantastic story told by conspiracy nuts? There certainly is fraud involved, though it is not the kind normally associated with the word fraud. The Federal Reserve Banks play by all the rules. They may bend the rules from time to time, but they certainly do not break them. There is no need to break the rules when you make the money.

Federal Reserve Balance Sheet

• Federal Reserve Asset Sheet
  • Coin
  • Securities Held Outright
  • Repurchase Agreements
  • Term Auction Credit
  • Loans (Discount Window)
  • Maiden Lane LLC
  • Float
  • Bank Premises
  • Foreign Currency Assets
• Federal Reserve Liability Sheet
  • Federal Reserve Notes
  • Reverse Repurchase Agreements
  • Deposits
  • Defered
  • Other Liabilities

Custom M0 Base Money Supply

• Custom M0, Notes Plus Deposits
  • Percent of M0 Backed by Government Securities

Home and Realestate Prices

• Case-Shiller National U.S. Price Index
• Case-Shiller California Home Prices

Raw Data

• Futures Settlement (Current Market Projection for Future Prices)
• Federal Reserve
  • H.4.1 Federal Reserve Balance Sheet
  • Primary Dealers
  • Primary Dealer Cash and Financing Positions in Treasury and other Securities
• Federal Reserve Economic Data (FRED)
  • Series : BORROW. Total borrowing by banks from FED
  • Series : AMBNS. Adjusted Monetary Base (M0 Monthly)
  • Series : BASENS. Adjusted Monetary Base (M0 Bi-Weekly)
  • Series : WSBASE. St. Louis Source Base (M0 Weekly)
  • Series : M1NS. M1 Money Supply (Monthly)
  • Series : WM1NS. M1 Money Supply (Weekly)
  • Series : WMZMNS (MZM Weekly) (All Financial Assets Redeemable at Par on Demand)
• Bank for International Settlements Quarterly Review
• Markit Structured Finance and Credit Indices
  • CDX Indices (Credit Default Swaps)
• S&P Indices
  • Case-Shiller Home Price Indices
• U.S. Government
  • Energy Information Administration. Energy Statistics from the U.S. Government
    • Monthly U.S. Natural Gas Residential Price
    • Average Retail Price of Electricity
    • AAA Average Gas Prices
  • Financial Management Service (Department of Treasury)
• Bank and Credit Unions
  • Bauer Financial Credit Union Star Ratings
  • Bauer Financial Bank Star Ratings
  • Bank Rate's Free Financial Statement for Banks and Credit Unions
• Bureau of Economic Analysis
  • U.S. Personal Savings Rate
  • U.S. Personal Savings Rate (Chart)
• Law
  • DEPOSITORY INSTITUTIONS DEREGULATION AND MONETARY CONTROL ACT OF 1980
• Interest Rates
  • Observe that falling yields prop up bond prices. Banks own bonds. Demand for bonds reduces yields, increasing bond values. See "Open Market Operations". However, contrast Fekete's conclusion on the practical effects of falling interest rates.
  • Daily Treasury Yield Curve Rates
  • Historic Interest Rates
  • Federal Funds Rate (Overnight Interbank Lending)
  • Discount Rate (Discount Window)
  • Ted Spread
  • Government Notes (Graphs)
    • 10 Year Note Graph
• Bureau of Labor Statistics
  • Alternate Measures of Unemployment (See U.6)

Research and Education

• Campaign for Liberty : Economics
• Ludwig Von Mises Institute : Money and Banking
  • The Mystery of Banking
  • America's Great Depression
• Professor Antal E. Fekete
• Monetary Base, Adjusted Monetary Base, M1, M2, M3
  • Definitions from the Fed
  • MZM is M2 Less time deposits, plus all money market funds. All forms of Money that are available NOW.
• Credit Default Swaps
  • Markit Credit Indices Primer (First section on Credit Default Swaps)
  • S&P Credit Default Swap FAQ
• Federal Funds Rate
  • Federal Funds Rate
• Discount Rate & Discount Window
  • Discount Rate (Discount Window) and Minutes from Board of Governors discount rate meetings
  • Discount Window FAQ and Acceptable Collateral
• Open Market Operations
  • Open Market Operations in the 1990s
• The Community Reinvestment Act's Harmful Legacy

• Mishs Global Economic Trend Analysis

• Ron Paul 2007.10.08 Questioning Chairman Bernanke
• Ron Paul 2008.09.24 Questioning Chairman Bernanke
• Ron Paul 2008.09.24 Fox News on Questioning Bernanke
• Ron Paul 2008.10.03 House Floor Bailout
• Ron Paul 2008.10.03 Bailout Passage
• Ron Paul House Floor, Proper Role of Government
• Marc Faber 2007.10.22 CNBC Economic Crises
• Marc Faber 2007.10.22 CNBC Economic Crises 2
• Peter Schiff

Wait for housing prices to stabalize (case-shiller) and government bond yields to begin rising. Then the horror of the current printing (BASE) will be felt... What to do?