Central Banking

Tuesday, July 31st, 2012

Even after the Fed failed to foresee the greatest economic collapse since the Great Depression, the central bank has largely escaped criticism from academic economists. In the Fed’s thrall, the economists missed it, too.

Thursday, July 26th, 2012

July 25, 2012 C-SPAN

Representative from Texas Dr. Ron Paul questions Timothy Geithner about the LIBOR SCANDAL, the Fed, interest rates, and American taxpayers paying elite bond traders to serve (and become very wealthy) as intermediaries between the Treasury and the Fed.

Wednesday, July 25th, 2012

Our central bank, the Federal Reserve, uses its enormous influence over banking and financial institutions to channel funds back to government instead of directing them toward productive economic activity.

Monday, July 16th, 2012

Treasury Department officials have been cited for soliciting prostitutes, breaking conflict-of-interest rules and accepting gifts from corporate executives, according to the findings of official government investigations.

Thursday, July 12th, 2012

In my latest book, I devote a full chapter to the merits of the historical gold standard and reasons to reinstate it.

Thursday, July 12th, 2012

Fractional-reserve banking has historically been viewed by some economists and most monetary cranks as a panacea for the economy

Tuesday, July 10th, 2012

A question on the minds of many people today (increasingly those who manage or invest money professionally) is this: How do I preserve wealth during a period of intense official intervention in and manipulation of money supply, price, and asset markets?

Friday, July 6th, 2012
by Tyler Watts“In theory, there is no difference between theory and practice. In practice, there is.” –Yogi Berra
Friday, June 22nd, 2012

While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F.

Thursday, June 21st, 2012

During the 1992 presidential campaign, former President Clinton’s rallying cry was “It’s the Economy, Stupid.” He sang it to perfection and won the election. Today, the smart politicians (and economists) should realize that “It’s the Money Supply, Stupid.”

Monday, June 18th, 2012

In spite of the fact that 85% of Greeks want to stay in the Eurozone, I was reasonably confident that Greeks would support Syriza to a first-place finish, and elect a new government willing to play chicken with the Germans.

Friday, June 1st, 2012

US and European regulators are essentially forcing banks to buy up their own government's debt—a move that could end up making the debt crisis even worse, a Citigroup analysis says

Thursday, May 31st, 2012

Bottom line: A roller coaster economy brought to you by Ben Bernanke by his first draining reserves and his then expanding them is the path we are on.

Wednesday, May 30th, 2012

The debt crisis that has ravaged Europe for the best part of three years has exposed a dislike of the single currency but little desire to abandon it, a wide-ranging survey of public opinion found Tuesday.

Tuesday, May 29th, 2012

Federal Reserve Chairman Ben Bernanke's new policy of openness has much to recommend it, in that it gives the markets information about current and future monetary policy that removes some of the guesswork of years past. But now that traders and investors have better insights into the thinking of Fed policy makers, they don't seem to be acting on that knowledge. Seeing is not believing, apparently.

Thursday, May 24th, 2012

"Collectively, the central bankers of the world might agree that they do not want gold to be remonetized. Individually, it is in their interest to defect from this consensus. As the American Century decays, individual motivations tend to become more prominent. You and I are not in a free market - but the central banks are."

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