The economic conditions in Europe are becoming worse as the weeks move on. In all, there’s at least a fifty percent stake involving US banks that are exposed to some degree with European debt problems within the Euro-zone. Furthermore, it is the US dollar that still remains the world’s reserve currency. And the Federal Reserve, whose status remains none other than the “lender of last resort” thus, making it very hazardous for the US taxpayers.

The huge US Government bailout program from 2008 only helped the large banks, auto industry and giant institutions such as AIG and several foreign central banks from going under. Because they were all deemed “to big to fail” at the end of the day however, nothing was solved and the bailouts amounted to nothing. These mega banks and companies only lined their own greedy corporate pockets and left the American taxpayers holding the bag...

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There is no mistaking it as the world’s largest economy is still bleeding out from the 2007 financial crisis. In spite of the governments questionable attempts to intervene and add buoyancy to the sinking ship “America” foreclosures are still at all time highs, unemployment is way too high and the national debt is over $15 trillion dollars.

Furthermore countries across the planet want out of financing our debt. Their now dumping dollars as fast as possible and either buying gold or other national debt. The overinflating of the US money supply thru QE-1 and QE-2 have caused great concern to countries like China who are now pleading to the US Government to stop inflating the currency as there still holding about 1.3 trillion dollars in their Central Bank...

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The Federal Reserve Act became law on December 23, 1913 by President Woodrow Wilson after the law was voted in by Congress. There were 12 central banks set up by the Federal Reserve situated across America. These banks formed a nationwide system used to enable assistance in the event crises were to develop in the future, within the American financial system.

During the Great Depression the single largest mistake made in recovery efforts was calling in substantial amounts of the currency by the Federal Reserve. The backlash from lack of available funds caused massive business shutdowns which resulted in massive unemployment across America...

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Of all the various indexes out there the one were looking at here is referred to as the "Misery" index. Yes this is its actual name. The sum of the unemployment rate plus the rate of consumer price inflation equals the misery index. This index is now close to its all-time high. There are several major factors that are affecting its increase.

First off the ECB steadily giving into monetizing the majority of Europe’s debt. Next, The Bank of England recently passed a measure to monetize an additional 75 billion British pounds. They expect this will help ease their problems and of course will only make matters worse. The newest, we have comments coming from Helicopter Ben’s own minions Fed Governor Dan Tarullo that recently gave this statement. “I believe we should move back up toward the top of the list of options the large scale purchase of additional MBS” (Mortgage Backed Securities)...

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