SubscribeTDI Podcast 104: The Creature Known as The Federal Reserve
April 13, 2009 12:30 am
Guest: Ed Griffin, Author and Andrew discuss the history of the Federal Reserve and how it actually controls America. We also explore how it works and the problems that it causes. Andrew also goes over some new hedging strategies and the potential direction for the markets. Commodities are discussed as the truest indicator of recovery as well as ways to profit.
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G. Edward Griffin is a writer and documentary film producer with many successful titles to his credit. Listed in Who’s Who in America, he is well known because of his talent for researching difficult topics and presenting them in clear terms that all can understand. He has dealt with such diverse subjects as archaeology and ancient Earth history, the Federal Reserve System, terrorism, internal subversion, the history of taxation, U.S. foreign policy, the science and politics of cancer therapy, the Supreme Court, and the United Nations. His better-known works include The Creature from Jekyll Island, World without Cancer, and The Fearful Master. Mr. Griffin is Founder and President of American Media, The Cancer Cure Foundation, and Freedom Force International.
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Volume, as a driver in this market has been key. Listen to the discussion as you review the chart below.
(Click to enlarge)
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Stocks Discussed: Alcoa (AA), Mosaic (MOS), Buckle (BKE) , Walmart (WMT), Hott Topic (HOTT), Wells Fargo, WFC) , CitiGroup (C)
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8 Responses to “TDI Podcast 104: The Creature Known as The Federal Reserve”
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Andrew,
Thanks for taking guest suggestions and getting Mr. Griffin on. Excellent stuff.
Regarding earnings: Alcoa has a very checkered history even when the economy has been strong. Like Intel it surprises me people rely on them as a reliable company to gauge the market by.
You mentioned the base metals need to get moving. Have you seen copper lately? It's moving. Check out FCX, PCU, TGB. Also, platinum is moving; check out ANO.
Good point regarding market volume. However, comparing volume on a day to day basis can be flawed because the market can't continually go up on increasing volume. That's why I find benchmarking coming into and at swing points is crucial and where information is released.
The XLF didn't have great volume on 4/9, but C, WFC, & BAC which are key components of the XLF had huge volume that day. The COMPQ is very strong and the S&P had held strong above $800.
One reason you may be finding the volume lacking is that since the 3/6/09 lows, the market has had many days of merely doing intraday corrections, but not even a .382 retracement so far from day to day, so many money managers and others are having difficulty getting in. I think a lot of people don't feel the rally is real also.
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Good stuff. The volume we check are actual market internals not etf, so that encompasses all positions
Also, agree re AA but still seeing fish biting empty hooks
Of course been watching metals but want to see aggs head higher, as want to see human consumption over stockpiling
A
[...] The Disciplined Investor interviews G. Edward Griffin in his latest Podcast, in which they discuss the history of the Federal Reserve and how it ‘controls’ America in “The Creature Known as the Federal Reserve.” [...]
Interesting stuff, but does your guest really think the gold standard would eliminate inflation? What is his idea of a "good recession"? Would something like the 1890s or 1930s be "good" in his opinion?
The 'Federal Reserve plot' certainly sounds pretty sensational. However, if it was the case, and FR could generate money out of thin air, what was the point of Paulson having a vote in congress, couldn't FR just 'create' 700B for him?
[...] The Disciplined Investor interviews G. Edward Griffin in his latest Podcast, in which they discuss the history of the Federal Reserve and how it ‘controls’ America in “The Creature Known as the Federal Reserve.” [...]
Re: doctord commented on TDI Podcast 104: The Creature Known as The Federal Reserve –
The $700b was a down payment on the Feds balance sheet so that they could lever that to $7trillion
Seriously
Andrew
The money supply needs to expand at least equal to the growth of the population or deflation will result. if we used gold and/or silver you would need much more of it.
M1 has grown 508% per person from Jan. 1959 to Feb. 2009. M2 has grown by 1505% during that same period.
The US dollar is used all over the world. so it's real hard to get a hand on what would be the correct rate of growth in the money supply. It's no wonder that we have economic bubbles.