The FOMC Bernanke

The FOMC and Dr Bernanke market manipulation has been most masterful as we are continuing to see billions and trillions are drained from the US Treasury. Going into the FED Day, markets are showing volatility, and the Dr Bernanke tactic has been worked well, obviously in collusion of trillions by Goldman, BlackRock, JPM, Treasury, etc.; as we can see that markets have moved up enormously. Even so, what's astonishing is that most of printed materials feeding Americans and globalists (i.e. all around the world) does not explain realities. Beloved Bernanke fooled us all and he is continuing to do so.

• Next Week: Volatility, the Fed and Lots of Economic Data

• Foreign Bonds Can Provide a Buffer If the Dollar Declines

  Investors typically buy foreign bonds as protection against inflation but some strategists say they're really more of a bet against the dollar. Cashin: The Dollar Danger Now Bookmark This: Currency Tracker

• The Most Secretive Financial Center Is...Delaware?
• SEC in Settlement Talks With Bank of America, UBS
• SEC Accuses 7 at San Francisco Fund of Insider Trader
• Nine U.S. Banks Seized in Largest One-Day Haul
• Adding a Clause to Your Will Can Help Keep Heirs Quiet
• Madoff: It's 'Amazing' I Didn't Get Caught Sooner
• Dubai Property Developer Is Ousted Following Arrest
• Next Week: Volatility, the Fed and Lots of Economic Data
  • Why Real Estate May Be Better Investment Than Stocks
  • Citigroup Stock Tanks After Analyst Sees Big Writedown
  • CIT Pre-Packaged Bankrupty More Likely With Icahn Deal
  
  

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Monday Nov 2	Tuesday Nov 3	Wednesday Nov 4	Thursday Nov 5	Friday Nov 6
Market Focus » International Perspective » Simply Economics » Motor Vehicle Sales ISM Mfg Index 10:00 AM ET Construction Spending 10:00 AM ET Pending Home Sales Index 10:00 AM ET Daniel Tarullo Speaks 10:30 AM ET 4-Week Bill Announcement 11:00 AM ET 3-Month Bill Auction 1:00 PM ET 6-Month Bill Auction 1:00 PM ET	FOMC Meeting Begins ICSC-Goldman Store Sales 7:45 AM ET Redbook 8:55 AM ET Factory Orders 10:00 AM ET 4-Week Bill Auction 1:00 PM ET	MBA Purchase Applications 7:00 AM ET Challenger Job-Cut Report 7:30 AM ET ADP Employment Report 8:15 AM ET Treasury Refunding Announcement 9:00 AM ET 30-Yr Bond Announcement 9:00 AM ET ISM Non-Mfg Index 10:00 AM ET EIA Petroleum Status Report 10:30 AM ET 3-Yr Note Announcement 11:00 AM ET 10-Yr Note Announcement 11:00 AM ET FOMC Meeting Announcement 2:15 PM ET	Weekly Bill Settlement Chain Store Sales Monster Employment Index Jobless Claims 8:30 AM ET Productivity and Costs 8:30 AM ET RBC CASH Index 9:00 AM ET EIA Natural Gas Report 10:30 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET Treasury STRIPS 3:00 PM ET Fed Balance Sheet 4:30 PM ET Money Supply 4:30 PM ET	Timothy Geithner Speaks Employment Situation 8:30 AM ET Wholesale Trade 10:00 AM ET Consumer Credit 3:00 PM ET Elizabeth Duke Speaks 3:00 PM ET

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Bernard Madoff's Ponzi scheme victims and their lawyers have new evidence to examine as new documents reveal eye-opening claims by Madoff himself. Randall Pinkston reports.

In 2003, Madoff was sure he would be caught and was surprised when investigators did not check his accounts to see if he had actually traded stocks - which he had not.

It is accounting 101, Madoff told the inspector general, to look at DTC - Depositor Trust Commission - to discover a Ponzi scheme.

http://www.cbsnews.com/stories/2009/10/31/eveningnews/main5477864.shtml?tag=contentBody;featuredPost-PE

"With one phone call they could have brought the whole thing down," Atkins said.

Watch CBS News Videos Online

FOMC: Recovery Yes, But High Unemployment For Years

FOMC: Recovery Yes, But High Unemployment For Years
The September Minutes from the FOMC are out and the tone is getting far less cautious and far less negative, despite all the caveats. It also shows that there is some disagreement among members regarding the size of MBS purchases as well as differing on views of inflation. There is a notion that the overall economic outlook improved. As far as asset purchases, members stressed the importance of maintaining flexibility to expand the asset purchases if the economy started to roll back over and the members wanted the flexibility to shrink the repurchases or to scale the programs down if conditions keep improving or improve faster than expected.


September 22-23, 2009
FOMC Minutes

A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors in Washington, D.C., on Tuesday, September 22, 2009, at 2:00 p.m. and continued on Wednesday, September 23, 2009, at 9:00 a.m.

PRESENT:
Mr. Bernanke, Chairman
Mr. Dudley, Vice Chairman
Ms. Duke
Mr. Evans
Mr. Kohn
Mr. Lacker
Mr. Lockhart
Mr. Tarullo
Mr. Warsh
Ms. Yellen

Mr. Bullard, Ms. Cumming, Mr. Hoenig, Ms. Pianalto, and Mr. Rosengren, Alternate Members of the Federal Open Market Committee

Messrs. Fisher and Plosser, Presidents of the Federal Reserve Banks of Dallas and Philadelphia, respectively

Mr. Lyon, First Vice President, Federal Reserve Bank of Minneapolis