If there's one myth -and there are many- that we should invalidate in the crossover world of politics and economics, it's that central banks have saved us from a financial crisis. It's a carefully construed myth, but it's as false as can be.
Many everyday citizens assume powerful global financial elites operate behind closed doors in secret conclaves, like the scene of a Spectre board meeting in the recent James Bond film.
in History of the CSS...I recently received the following email. It represents dozens, if not hundreds like this one going back over the past several months.
Dave,
I read your articles and listen to your show everyday. So does my son and he s
The global dollar-based monetary system is in serious jeopardy, according to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet Yellen's assurances that there won't be another major crisis in our lifetime, the next economy-cr
This morning, we are wondering: How dumb is the Fed?
The question was prompted by this comment by former Fed insider Chris Whalen at The Institutional Risk Analyst blog...
Another day, another British bank fined billions of dollars for its past-life transgressions.
Moments ago Royal Bank of Scotland announced it has agreed to pay $5.5 billion to the U.S. Federal Housing Finance Agency to settle a probe into its sale o
Some potentially displeasing "Sunday Start" thoughts to market bulls, from Chetan Ahya, Morgan Stanley's global co-head of economics, who warns that in light of the recent "hawkish tilt" by central banks, the message is clear: "central banks are more
In a bid to end years of struggles, the Italian government is taking control of bank Monte dei Paschi under a relaunch plan agreed by European officials that includes the disposal of a massive 28.6 billion euros ($32.5 billion) in bad loans.
Remember when Warren Buffett anecdotally "took a bath" when he decided to effectively rescue Bank of America with a $5 bilion equity injection in 2011? He may be due for another bath any minute.
•Fed Chair Janet Yellen said the banking system is "very much stronger" due to Fed supervision and higher capital levels.
•Yellen also predicted that because of the measures the Fed has taken, another financial crisis is unlikely "in our lifetim
•Fed Chair Janet Yellen said the banking system is "very much stronger" due to Fed supervision and higher capital levels.
•Yellen also predicted that because of the measures the Fed has taken, another financial crisis is unlikely "in our lifetim
The Trump Administration has presented the first part of its plan to overhaul a number of Wall Street financial regulations, many of which were enacted in the wake of the 2008 financial crisis.
For more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from other types of goods and markets. From Adam Smith to Milton Friedman, the presumption has been competitive
Last week, Bank of America became the latest bank to wonder if the Fed, no longer even remotely data-dependent, is now hiking rates for no other reason but to burst what increasingly more are calling a risk bubble, to wit:
During the populist revolt of 2016, which first led to the "shocking outcomes" of Brexit and then Trump, we cautioned that these phenomena were merely the "silent majority" of the developed world's middle class expressing their anger and frustration
• http://www.paulcraigroberts.org,Paul Craig Roberts
Several years ago when the Federal Reserve had its Fed funds rate at zero to 25 basis points (one-quarter of one percent--0.25%), there was a great deal of talk, somehow presented as urgent, whether the Federal Reserve would raise interest rates.
Several years ago when the Federal Reserve had its Fed funds rate at zero to 25 basis points (one-quarter of one percent--0.25%), there was a great deal of talk, somehow presented as urgent, whether the Federal Reserve would raise interest rates.
In April, the Free Thought Project reported on Ronald Bernard, who is a Dutch entrepreneur whose drive and business contacts quickly catapulted him into the world of the financial elite.
In response to Free Money! Banks Paid $22 Billion to Not Lend? I received a comment from economist Professor George Selgin who said I do not know what I am talking about.
Watch Streaming Broadcast Live:
LRN.fm
DLive
Live Chat Telegram
Share this page with your friends
on your favorite social network: