Federal Reserve

The Ultimate Regulatory Reform: Abolish Fractional Reserve Banking!

"With his selection of crony capitalists and members of Goldman Sachs to his economic team, it is apparent that President Trump does not understand the true nature of the nation’s financial woes or what precipitated the last financial crisis... If he did, his next Executive Order would be to implement steps and procedures to eliminate the scourge of fractional reserve banking forever."

The Super Bubble Is In Trouble

Once the Super-Bubble pops, we will see for sure what people demand as the ultimate means of payment: gold or cyber units, or both.

Why The Fed Will Fail Once Again

"The Fed’s bungling should come as no surprise... The Federal Reserve has done almost nothing right for at least the past twenty years, if not longer."

Janet Yellen Discusses Global Economic Issues: Live Feed

Janet Yellen will hopefully address all the lingering open questions when she speaks in London at a forum with Nicolas Stern, who is the President of the British Academy and an economics professor. The topic is 'global economic issues."

How The Fed Helps The US Spy On Foreign Governments

It's widely known that the Federal Reserve has been tasked by Congress with a "dual mandate" to maintain maintain stable consumer-goods prices, low unemployment and - oh yeah - buoyant equity prices.  However, as Reuters revealed on Monday, the central bank has another legally binding obligation that might upset some of its clients: Helping US intelligence agencies spy on foreign governments.

James Rickards: The Fed Is Going To Cause Recession

"[The Fed is hiking rates] to prepare for the next recession... they know a recession will come sooner rather than later... My estimate is that they’re not going to get there. The recession will come first. In fact, they will probably cause the recession that they’re preparing to cure."

The Fed's Third Mandate Is Official

"The FOMC wants stocks to stop rising, and they will keep raising rates until they stop... It is stunning that markets are not taking these words more seriously..."

Fed's Dudley Had Some Worrying Remarks During A Closed-To-The-Press Session

"...when financial conditions ease—as has been the case recently—this can provide additional impetus for the decision to continue to remove monetary policy accommodation." Said otherwise, Dudley wants financial conditions tighter, and stocks lower, and will keep hiking rates until the market reacts accordingly.