Federal Reserve: Destroyer of “Breadwinner Jobs”

Federal Reserve: Destroyer of “Breadwinner Jobs”

Although I stated just over a week ago that I was going to put Solidus.Center on the back burner and focus on my new landscaping venture, I came across an excellent article regarding the U.S. employment situation during the Fed’s 15+ year bubble/burst economic paradigm that compelled me to write. The article, by former Reagan budget director David Stockman, one of the most vocal critics of the Federal Reserve, reflects my recent “parting thought” regarding the Fed, but from the perspective of those hurt most …

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Thankful to Earn a Living Despite the Federal Reserve

Thankful to Earn a Living Despite the Federal Reserve

Although my new landscape design and installation business, Lowcountry Vistas Charleston, LLC, has prevented me from disseminating Solidus.Center’s message as of late, I’m profoundly appreciative on this Thanksgiving for the opportunity to do something I love in a perpetually-bad Fed-inspired job market. A market in which, in classic Orwellian Fedspeak, “full employment” means millions of educated and indebted Americans working far below their potential.

I have little time for Solidus.Center these days, but I’d like to leave everyone with a parting thought:

The Fed is the perfect …

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Fed-Engineered Jobs Failure

Fed-Engineered Jobs Failure

Author’s note: I apologize for the limited updates over the last few months. I’ve been working hard getting my new landscaping venture off of the ground, and I’ve had little time for anything else.

Nearly seven years ago, way back in 2009, Keynesian economists were coming out of the woodwork to crow about the “green shoots” and the “V-shaped recovery” the Fed had engineered with its loose monetary policy. Today, in the latter part of 2015, nearly SEVEN YEARS of zero interest rates and trillions upon …

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Reports from the Monetary Front Lines

Reports from the Monetary Front Lines

Don’t Mess with Texas Gold

The Texas legislature recently passed a bill allowing for the creation of a state-run gold depository. If approved by Governor Gregg Abbot, the facility would enable the state to “repatriate” its $1 billion in bullion, which is currently in the custody of Hong Kong and Shanghai Bank in New York. Interestingly, the bill designates the depository as the final destination for “bullion acquired by and transferred to the state and state agencies“, implying that Texas would consider its gold holdings to …

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Better Than Cash Alliance Has an Orwellian Plan

Better Than Cash Alliance Has an Orwellian Plan

In the fall of 1910, under the pretense of a duck hunting trip, a group of powerful bankers, political figures, and businessmen met at Jekyll Island, GA to plan the creation of a central bank for the United States. The “game” that this elite group of “hunters” brought back to Lower Manhattan and Capitol Hill was the blueprint for one of the most destructive financial institutions in modern history, the Federal Reserve.

One-hundred years later, another group of powerful bankers, political figures, and businessmen have converged …

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How to Cure America’s Ailing Monetary System

How to Cure America’s Ailing Monetary System

Some organizations–including this one–have devoted tremendous amounts of time and energy to exposing corruption within our nation’s monetary system, demonstrating how that corruption adversely affects the financial health of average Americans. While we believe that it’s important to try to wake up the American public by screaming from the rooftops about our country’s monetary problems, we believe that it’s equally important to communicate to the common man what a cure for our monetary ills would look like:

Neutering the Federal Reserve

The Federal Reserve is, of course, …

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Busted Metals Traders Distract from Larger Manipulation Problem

Busted Metals Traders Distract from Larger Manipulation Problem

Author’s note: Although limiting the Federal Reserve is the core mission of Solidus.Center, it’s also important to expose the egregious behavior of Fed-enabled Big Banks.

Two traders from the United Arab Emirates, Heet Khara and Nasim Salim, were recently suspended for manipulating the price of gold and silver on the Chicago Mercantile Exchange. The two traders utilized a technique called “layering”, the same technique that Navinder Singh Sarao utilized to facilitate the Flash Crash of 2010, which plunged the stock market 600 points in a matter of minutes. …

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Repatriation of Gold from Fed Suggests Historic Vote of No Confidence

Repatriation of Gold from Fed Suggests Historic Vote of No Confidence

Since 2012, there’s been an unprecedented call from foreign nations to repatriate their gold from Federal Reserve vaults in the U.S. This is an incredible development given many countries’ 71-year reliance on the Fed as a custodian of their bullion. Over the last few years, countries including, but not limited to, Germany, the Netherlands, France, Belgium, Austria, Poland, Ecuador, Finland, Switzerland, Venezuela, and Romania have either formally requested repatriation of their gold or are in discussions with the Fed about it. Some of these nations …

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The Fed-Wall Street Revolving Door Must Be Shut

The Fed-Wall Street Revolving Door Must Be Shut

Recently, two prominent Republicans, Banking Chairman Richard Shelby of Alabama and House Financial Services Jeb Hensarling of Texas, stated that they plan to explore proposals that would roll back a long-standing provision that gives the president of the New York Federal Reserve an automatic position as vice chairman of a powerful committee that oversees Wall Street banks. Not surprisingly, long-time New York Fed President–and long-time Goldman Sachs executive–William Dudley has vehemently opposed criticisms that his branch of the Fed has given Wall Street banks a …

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The Great Immoderation: How the Fed Is Sowing the Next Recession

The Great Immoderation: How the Fed Is Sowing the Next Recession

By David Stockman of David Stockman’s Contra Corner.

In February 2004, Ben Bernanke famously declared the business cycle had been tamed and took a bow on behalf of enlightened monetary management, claiming it was the principal source of this beneficent development. Exactly 55 months later, of course, he terrorized the congressional leadership and a clueless president with the frightening proposition that a Great Depression 2.0 was just around the corner.

As to why he had been so stupendously wrong, Bernanke did not say. Nor did he explain why the brilliantly “stable” US economy had suddenly stumbled to …

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