For decades, almost half of Germany's gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the
Usury laws impose price ceilings on interest rates. They are government-imposed maximum prices. They were popular with the Medieval Catholic church until the church wised up several hundred years ago. They still exist in every American state,
Fun video of a man that tries to "cash in" a silver certificate at B of A.
"The ignorance of the American populace is overwhelming. While not to belittle the Bank of America employees for there lack of knowledge, I hope they research this and s
The issue of lawful money is baffling to the many and over-stood by the few largely because of poor teaching methods. Mr. Merrill's approach was clear and enlightening, to-the-point and deserving of immediate transcription.
They may yield nothing (technically 0.295% nominal yield), and they may be still sold by the Fed, but today's 2 Year bond auction had a blistering metric that showed that something is very much unwell with the market.
If you’re like most people who wish for the Federal Reserves System to be relegated to the dustbin of history, you’re probably frustrated. No matter how much we complain to our elected “representatives” nothing ever happens to “End the Fed” and thing
Federal authorities are warning merchants to be on the lookout for stolen $100 bills that aren't supposed to go into circulation until next. The bills were stolen from an airplane that landed in Philadelphia from Dallas Thursday morning.
Smart Card Alliance Outlines U.S. Move to Chip-based Payments with EMV Roadmap White Paper
Well, as expected, neither Obama nor Romney talked about the fourth branch of government in their programmed first “debate.” Also as expected, the great intellect of a media moderator didn’t ask about the fourth branch.
The importance of the question accelerates in the face of global money-printing, which is also accelerating. Since the start of the economic meltdown five years ago, the balance sheets of the world’s central banks have been growing at a frantic pace.
This is a true labyrinth in the creation of monetary instruments and the deceit that the elite go through to make it and use it. While you may not think this is important or that you can do anything about it, please understand that just us understand
The Federal Reserve continues to pump up this "bubble economy" by recklessly printing money and by setting interest rates artificially low, and the U.S. Congress continues to stand aside and allow them to systematically destroy our economy.
My topic today is "Five Questions about the Federal Reserve and Monetary Policy." I have used a question-and-answer format in talks before, and I know from much experience that people are eager to know more about the Federal Reserve, what we do, and
Federal Reserve Chief Ben Bernanke is likely to use a speech Monday to try to focus the market’s attention back on the central bank’s aggressive easing policy and away from the doubts about the policy, Fed watchers say.
The latest release of the S&P/Case-Shiller Home Prices Index is out, measuring data through July 2012. For the third consecutive month, all 20 cities recorded monthly gains in home prices. The 20-city average year-over-year gain was 1.2%. The numbers
Last week I asked two libertarian economists why central banks and most mainstream economists are against deflation and in favor of inflation. They essentially said what the brilliant article below says: that the masses want their pay to increase,
Readers may know the Chicago Fed best for its president: arguably the greatest dove in the history of central banking, Charles Evans, for whom QEternity is so insufficient, it is just the beginning, and he is already looking forward to QEternityͩ
Since it is now quite clear that despite calling for even endless-er QE, the uberdovish Chicago Fed, and by implication the entire FOMC, is still clueless about the two most critical processes of modern fiat-based economics...