The two-day policy meeting by the Federal Open Market Committee (FOMC) comes to an end on Wednesday. It is widely expected that Federal Reserve Chair Janet Yellen will announce that the U.S. central bank will raise interest rates for the third time in a decade. The Fed will also hint at two more rate hikes […]
Archives for March 2017
How the Federal Reserve Operates — And Why It’s a Problem
By: Frank Shostak We are often asked about the mechanisms by which the US Federal Reserve Board (the Fed) influences the level of US interest rates and whether these mechanisms also influence the level of the US money supply. It has long been regarded that the Fed no longer inflates and contracts the money supply […]
Literally Hitler! Brexit is ‘Hitler, Mussolini and Stalin’ says Lord Dick Taverne
Did you know that Great Britain’s exit from the crumbling ship known as the European Union (EU) is really Hitler? Yep, that is according to Liberal Democrat Lord Dick Taverne. The House of Lords voted to accept the EU bill, otherwise known as the Notification of Withdrawal legislation. This means that British Prime Minister Theresa […]
California teachers may be exempt from paying a state income tax
If you have yet to read George Orwell’s “Animal Farm” then now would be an opportune time… California lawmakers are considering a new bill that would exempt government school teachers from paying any state income tax. Remember, some people are more equal than others… According to the Sacramento Bee, Democratic Senator Cathleen Galgiani of Stockton […]
Marine Le Pen destroys the media in 50 seconds (video)
It is only a matter of weeks now that the French voters head to the ballot box. The latest polls suggest that it has now come down to centrist Emmanuel Macron and National Front leader Marine Le Pen. Reportedly, Le Pen has been gaining a greater amount of momentum this month. With the way she […]