Category: Federal Reserve

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Can a Deeply Unserious America Fix Its Economy? – JeffDeist 11/25/22

Source: LewRockwell.com

Does America simply lack the political will to face economic reality?

In the teeth of the Depression, Treasury secretary Andrew Mellon famously told President Herbert Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate”—in other words, to resist bailing out any industry through state intervention. This was a tough sell even in those days, and of course Hoover succumbed to politics and took the opposite approach, greatly and needlessly damaging the US economy for decades to come.

Continue reading “Can a Deeply Unserious America Fix Its Economy? – JeffDeist 11/25/22”

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New York Fed Announces Test of Digital Dollar with Major Banks – WashingtonExaminer 11/15/22

Source: WashingtonExaminer.com

The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.

The initiative was announced by the regional Federal Reserve bank and nearly a dozen financial institutions on Tuesday. A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger….

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Legal Definitions of Money and Credit – AlasdairMacleod 11/10/22

Source: GoldMoney.com

At these times of growing confusion over the future of currencies’ purchasing power, it is time to remove all doubt in the definitions of the differences between money, currency, and credit. This article traces the history and legal background to these relationships.

Despite the failure of the Bretton Woods agreement in 1971 and the state propaganda that followed, the position is clear. Both historically and legally money is and remains metallic coin — principally gold — and the rest is credit. 

Continue reading “Legal Definitions of Money and Credit – AlasdairMacleod 11/10/22”

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$2.5 Quadrillion Disaster Waiting to Happen – USAWatchdog 11/1/22

Source: usawatchdog.com

Egon von Greyerz (EvG) stores gold for clients at the biggest private gold vault in the world buried deep in the Swiss Alps. EvG is a financial and precious metals expert.  EvG is a former Swiss banker and an expert in risk.  He says the risk in the global markets has never been this high.

Continue reading “$2.5 Quadrillion Disaster Waiting to Happen – USAWatchdog 11/1/22”

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Dollar Strength and Global Currency Debasement – Daniel Lacalle 10/2/22

Source: dlacalle.com

Why are market participants scared of a strong dollar? Because for years there was a massive carry trade against the US dollar, predicated on a bet that constantly printing currency and cutting rates would never create inflation. The world got used to betting on one thing -massive money supply growth- and the opposite -weak inflation-. Cheap money became expensive, as I explained in my book, Escape from The Central Bank Trap.

Continue reading “Dollar Strength and Global Currency Debasement – Daniel Lacalle 10/2/22”

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The Digital Dollar Will Not Be Anonymous, Federal Reserve Chair Jerome Powell Says – ReclaimTheNet 9/27/22

Source: ReclaimTheNet.org

Despite privacy being one of the main concerns citizens have about central bank digital currencies (CBDCs), the heads of the United States (US) Federal Reserve and European Central Bank (ECB) have confirmed that their respective CBDCs will not be anonymous.

Continue reading “The Digital Dollar Will Not Be Anonymous, Federal Reserve Chair Jerome Powell Says – ReclaimTheNet 9/27/22”

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Central Bank Digital Currencies Are the Ultimate Tool of Financial Oppression – BrandonSmith 7/6/22

Source: BirchGold.com

Currencies are the lifeblood of a nation’s trade and its economy. When a currency fails, the entire economy collapses.

Even so, most people rarely think about the health or buying power of the money in their pockets. They watch their bank balance, their brokerage or IRA balance and are aware of their home’s value. They see those numbers change, but they never reflect on the value of the currency itself.

Continue reading “Central Bank Digital Currencies Are the Ultimate Tool of Financial Oppression – BrandonSmith 7/6/22”

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Global Planned Financial Tsunami has Just Begun – F.WilliamEngdahl 6/21/22

Source: WilliamEngdahl.com

Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.

Continue reading “Global Planned Financial Tsunami has Just Begun – F.WilliamEngdahl 6/21/22”

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Nickel: How Government Alchemists Turned a Base Money Hard and Now Are Expected to Kill It – Mises 5/17/22

Source: Mises.org

The nickel, the once popular US five-cent coin, is known for its nickel content (25 percent nickel and 75 percent copper). It originated as a type of fiat money in that its intrinsic metal value was far less than the purchasing power stamped on it. The final act in the illustrative monetary career of the nickel is expected to be extinction, as with the penny, as inflation increases the coin’s cost of production and reduces its real purchasing power.

Continue reading “Nickel: How Government Alchemists Turned a Base Money Hard and Now Are Expected to Kill It – Mises 5/17/22”

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The War on Gold Ensures the Dollar’s Downfall – Matthew Cortez 5/12/22

Source: MoneyMetals.com

Last month was the 89th anniversary of one of America’s biggest blunders on her descent from honest, sound money into weaponized political money: Executive Order 6102.

Signed on April 5, 1933, U.S. President Franklin Delano Roosevelt required all persons holding more than five ounces of gold to deliver their “gold coin, gold bullion, and gold certificates, now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System.”

By outlawing the so-called “hoarding” of gold, Roosevelt intended to destroy gold as an everyday currency, transferring the purchasing power of gold to the U.S. government.

Continue reading “The War on Gold Ensures the Dollar’s Downfall – Matthew Cortez 5/12/22”

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Dire Warnings From Past U.S. Presidents and Other High-Profile Leaders About an “Invisible Government” That Runs the U.S. With “No Allegiance To the People” – ConsciousLifeNews 4/25/22

Source: ConsciousLifeNews.com (via BlacklistedNews.com)

There are a lot of critics of the U.S. government these days. Admittedly, a good part of the time, I’m one of them.  Some people would say that the criticism is just evidence of our jaded, modern times. Not so, my friends.  Let’s take a look at what “insiders” have been saying about the American government over the past 224 years.  And by “insiders” I don’t mean Capital Hill journalists or presidential aides.  I’m talking about actual past presidents, vice presidents, congressmen, senators, and other high profile political leaders.

Together, these historical leaders paint a pretty dire picture of our democracy, saying that the U.S. is under the control of an “invisible government owing no allegiance and acknowledging no responsibility to the people” and this “invisible government is the true ruling power in our country.”

Continue reading “Dire Warnings From Past U.S. Presidents and Other High-Profile Leaders About an “Invisible Government” That Runs the U.S. With “No Allegiance To the People” – ConsciousLifeNews 4/25/22”