Yellen opposes the people auditing the Fed, says Federal Reserve officials need safe spaces to make decisions

Audit the Fed and then end it.

Yellen and the Fed bankers think they’ve weathered the storm. That the shamans of the “Temple” will be able to shuffle around in the shadows of the financial Vatican hidden from the view of the people they impact for another generation. They believe that they are above the public, and that the Fed’s actions, which impact the world dramatically, don’t need the kind of scrutiny one might expect in a free society.

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The Dow has rallied 3000 POINTS since Donald Trump was elected, Media silent

People seem confused by this rally. Really a rally on top of a Fed induced (to a very large extent) bull market extending back many years. How can this be, some wonder? Trump is bad news. How could the market tick up, solidly and definitively, in the wake of Trump’s election?

My feeling, and it is only this, and it is sure to contradicted by many a CNBC Squawk Box special guest, is that investors are just relieved that Obama is gone and that America dodged the Hillary bullet.

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One of the kings of cronyism gets axed

Jeff Immelt is gone from the head of GE. 

Immelt rode the “green rush” for what it was worth and “successfully” engineered a bailout of his company before that. Even still,  GE’s stock has underperformed for years. (Though it has done better since jettisoning Genworth.)

Times (and markets) change and so do CEOs.

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Tony Blair to launch anti-Brexit ‘mission’

Image: Dazed Digital

This is the Blair/Clinton/Bush crowd for you. Fight the will of the people. Do the wrong thing with a smile and then with serious earnestness. Talk about “democracy.” Then drop some bombs. (Sometimes.)

Tony Blair is now the super banker/politico in Europe doing the bidding of JP Morgan and the big banks, the Chinese, and the Saudis, etc.

Britons? They don’t pay as well.

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Surprise surprise, New Treasury Secretary Mnunchin, from Goldman Sachs, DOESN’T want to audit the Fed

As soon as I heard that Mnunchin was coming in I knew we were headed for trouble on this point.

Goldman Sachs is arguably the most crony company in the world and they do quite well with the Fed system the way it is. Not to mention the nice bailout the Fed oversaw from which Goldman benefited immensely. Might not want to look too closely there. Don’t want to uncover anything that causes a headache for the bank,

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Here are the 52 public companies that make the most money from the federal government

Image: CNBC

This headline comes from CNBC and is misleading. These companies don’t “make the most money from the FEDERAL GOVERNMENT,” Taxpayers are making these companies rich, not the government. It’s not the government’s money. It’s yours. Too many people forget this.

Why are we going into massive debt, in part, to pad the bottom lines of these companies?

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Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard

“I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed,” Allison wrote in 2014 for the Cato Journal, a publication of the institute.

I like John Allison. A few years ago I helped put together a forum on Wall Street in which John Allison participated. Since then I’ve talked with him a couple of times. In another life I worked for BB&T while Allison was CEO of the company.

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To Really ‘Make America Great Again,’ End the Fed!

By RON PAUL

Former Dallas Federal Reserve Bank President Richard Fisher recently gave a speech identifying the Federal Reserve’s easy money/low interest rate policies as a source of the public anger that propelled Donald Trump into the White House. Mr. Fisher is certainly correct that the Fed’s policies have “skewered” the middle class. However, the problem is not specific Fed policies, but the very system of fiat currency managed by a secretive central bank.

Federal Reserve-generated increases in money supply cause economic inequality.

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