When will the Federal Reserve begin to raise rates? That has been the key question since the economic collapse. Fed Chair Janet Yellen has been dangling a potential rate hike like a carrot for months, but it hasn’t come to fruition yet over fears it would hurt the already vulnerable labor market. New York University […]
Archives for November 2014
Want to antagonize and terrorize the West? Use gold, silver as a currency like ISIS
The Islamic State of Iraq and the Levant (ISIL) – or the Islamic State of Iraq and Syria (ISIS) – a splinter cell of al-Qaeda, has used violence to antagonize the West, especially the United States, and wants to establish a caliphate in Iraq and Syria. To promote its message, it has beheaded journalists, blown […]
Why does terrorism exist? A look back at the famous Ron Paul vs. Rudy Giuliani clash
On this Veteran’s Day, Remembrance Day and Armistice Day, we celebrate the men and women that have died in government-induced wars. Right now, thousands of soldiers are stationed in all parts of the globe in the supposed defense of freedom and democracy. As history has shown, wars in the past century have been based on […]
Millennials are Doomed: Young adults have savings rate of negative two percent
Millennials aren’t savers, whether because it’s a personal choice or it’s an impossible method for them due to student loan debt, a paucity of jobs and a rising standard of living. A new poll essentially suggests that millennials are doomed, at least for the near future. According to a new Moody’s Analytics survey that was […]
Federal Reserve’s Charles Plosser says central bank should be worried over low rates
Since the economic collapse, the Federal Reserve has suppressed interest rates and kept them at near zero, though the Federal Open Market Committee (FOMC) has hinted at a rate hike sometime next year. Philadelphia Fed Bank President Charles Plosser spoke in an interview with CNBC on Tuesday that keeping rates too low for too long […]