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Savings

Why Has The FED Acted As If The World Is About To End? Here’s Why:

Since the middle of the 20th Century, when the Federal Reserve started compiling this measurement of non-borrowed bank deposit reserves there has been little short term deviation from its normal levels. Long Story short - Bank reserves, other than those achieved through loans (usually FED funds market, or discount window) have evaporated.

H/T Fincial Ninja.

Ron Paul questions Bernanke on Capitalism

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Here is some common sense from Ron Paul, who asks some tough, challenging questions of Fed Chairman Ben Bernanke, whose answers are the usual sort of double-speak one can expect.

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