Reserve Currency

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.

The Real Purpose Behind The Russian/Trump Conspiracy Propaganda

"The Russian circus is going nowhere because it was never meant to go anywhere. It is distraction and drama, a soap opera for the ignorant masses. Trump will not be removed from office. If he does end up impeached, the impeachment will fail. As I have said since before the election, the establishment needs Trump as president... the US system is going to move into the next phase of collapse under Trump's watch, and the elites need their scapegoat."

Fitch Warns Biggest Threats To The Dollar's Global Supremacy Are At Home

Two pieces of legislation currently working their way through Congress are the Federal Reserve Transparency Act (FRTA) and the Financial Choice Act (FCA). Fitch warns that these transparency-seeking bills, if implemented, would diminish the appeal of the dollar as a reserve currency over time.

Why Bother?

"The best strategy for dealing with crazies is to keep your distance."

A New Financial System Is Being Born

"Many of us who lived through the 2008 crisis knew the financial system was dead. We knew it was corrupt, archaic and terminal, so many of us began bracing for what might come next. We did what we thought made sense at the time, which included buying precious metals like gold and silver given their historic track record of protecting wealth in periods of paradigm-shifting financial disruption, but a small group forward thinking geeks decided to do something much better. They decided to build an alternative."

Why The Chinese Yuan Won't Be The World's Reserve Currency

"The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations." Disconnected from the dollar, yes - but not connected to the yuan...