By: Andrew Moran Because of its cronyist relationship with Wall Street, we usually think about the Federal Reserve being an institution of, by, and for politicians and the bankers. But when you study the inherent nature of the central banking system, Fed Chair Jerome Powell and his counterparts might as well sport beards and run into a […]
Archives for July 2020
Federal Reserve keeps interest rates near zero, promises to support post-coronavirus economy
The Federal Reserve did not pull out any surprises on Wednesday. Jerome Powell and Associates left interest rates unchanged near zero, and said that this target range of between zero percent and 0.25 percent will be here to stay until the economy fully recovers. The Fed also confirmed that it will keep its various stimulus […]
Melinda Gates wants to give black people COVID-19 vaccinations first, adopt a tiered system
If you’re woke, this is a positive thing. If you’re concerned about a vaccine being rushed and not tested enough leading to complications, then this is a disaster in the making. Melinda Gates, the wife of Bill Gates, recommended giving black people for the coronavirus vaccine first. Never mind the possibility of many different side […]
MONEY PRINTER GO BRRR: Money-supply growth hits another new high
By: Ryan McMaken In June, for the third month in a row, money supply growth surged to an all-time high, following new all-time highs in both April and May that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages. The growth rate has never been higher, with the […]
Goldman Sachs warns inflation could threaten U.S. dollar’s reserve currency status
Inflation was low. The U.S. dollar is the premier reserve currency. Gold is just a shiny metal to look at in your vault. It has been hard to convince Wall Street to acquire gold. Well, it looks like institutional investors are placing all bets on the 5,000-year-old metal and sounding like students of the Mises […]