Founded in 1865, toward the tail end of the American Civil War, the Secret Service originated as a branch of the U.S. Treasury Department.
Monetary Policy as Inflationism
Earlier today, when discussing the sudden spike in the SOFR rate to an all time high 5.40% and which dragged the SOFR-Fed Funds spread to the highest since the March 2020 repo crisis...
Recent Fed data showed that Americans racked up an extra $48 billion in credit card debt last quarter - but that might be the tip of the short-term debt iceberg.
Inflation is "down," so we'll be popping open the good champagne this New Year's Eve, right? Then why does it seem like we should be popping open soda cans instead? Why do our own senses (and bills) tell us a different story from the government's "
Speculation has its own expiration dynamics, and they don't depend on us recognizing speculative excess for what it is. They will unravel the excesses regardless of what we think, hope or deny.
Wire transfers, cross-border payments, and ACH settlements are about to change – and in many ways, they already have!
Congress shouldn't wait to establish clear and enforceable boundaries for a CBDC.
Thanks to a FOIA request, an internal document from the Federal Reserve, known as the "Doomsday Book" has been released. The purpose of it is to guide The Fed's actions during emergencies. Emre Kuvvet, professor of finance at Nova Southeastern Univer
This show was edited to play on LRN.FM and on the Free Talk Live Network/Genesis Network and is a repeat for the morning time slot: David Webb (The Great Taking - book and documentary) comes on the show to discuss the deep financial waters, exposing
This week's episode will feature David Webb (The Great Taking - book and documentary) comes on the show to discuss the deep financial waters, exposing decades of financial legislation that have eroded ownership of financial assets for anyone.
-Dollar Plummets As Market Prices In Rate Cuts
-Dollar Plummets As Market Prices In Rate Cuts
Once a symbol of America's economic might and accepted as a global coin of the realm, they have fallen badly out of favor, with serious consequences for taxpayers, investors, and financial markets.
The financial crisis that kicked off in March continues to bubble under the surface...
Fed Faces Staggering Losses: Trillions in Treasury and Mortgage Bonds Bought Over the Decade Now Valued at $6.4 Trillion, Sparking Concerns of Further Bank Bailouts
David Stockman served for a short while as budget director during Ronald Reagan's first term as president, but he soon resigned owing to Reagan's refusal to cut government spending.
...and the Dollar. Glenn Beck's new interview with prominent libertarian communicator Ron Paul starts with Beck's outstanding introduction of Paul.
In the international fixed-income markets, interest rates are rising, and the decades-long trend of declining bond yields has undoubtedly been broken.
The market reaction to yesterday's FOMC meeting was decidedly dovish. The notion the Fed will get in another rate hike just went out the window.
The yield that matters is on 10-year Treasurys, which is up 1.5 percentage points so far this year.
The United States is borrowing its way to disguise recession.
A central bank is not a natural product of banking development. It is imposed from the outside or comes into being as a result of government favors - Vera Smith, The Rationale of Central Banking and the Free Banking Alternative
One of The Fed's favorite inflation indicators - Core PCE Deflator - slowed to 3.7% YoY in September (its lowest since May 2021). Headline PCE was flat at 3.4% YoY. Both were in line with expectations...
Two weeks ago we reminded the world that thanks to soaring interest rates, which will only keep rising until the Fed figures
Two weeks ago we reminded the world that thanks to soaring interest rates, which will only keep rising until the Fed figures out what "big-enough" crisis it uses to trigger QEx+1...
We're gonna need a bigger graph...The #Fed used to make billions of profits and sent those profits to the US Treasury each year.
If any evidence is needed that the Uniparty's days are numbered, just note the lame response of Ronna McDaniel, the Republican National Committee's hapless chairperson, to RFK's electrifying announcement that he will run as an independent candi
Talking completely to Wilfred Frost forward of a gathering of finance ministers in Luxembourg, the US Treasury secretary mentioned the economic system and public funds have been in good condition to make sure backing for US pursuits overseas.
Dealers Stuck Holding Most Paper In A Year