By: Andrew Moran So much has happened in 2020, and the year is not even over yet. It has been full of loneliness, misery, suffering, and unhappiness for millions of people around the world. From lost jobs to depleting bank accounts, it has been a horrific start to the decade for so many folks. When […]
Federal Reserve
The digitization of helicopter money at the Federal Reserve?
Helicopter money in the digital age? That’s what a couple of former central banks are suggesting according to Bloomberg News. The Federal Reserve is reportedly planning to send money directly to Americans’ bank accounts in the next financial crisis. Simon Potter, the head of the Federal Reserve Bank of New York’s markets group, and Julia […]
Random Friday: Big Tech, gold prices nearing peak?, Obama’s eulogy
News Story of the Day: The Federal Reserve’s money spigot must be working over time. Within 48 hours, Big Tech stocks added approximately $250 bilion to their market capitalization. After huge corporate earnings and a congressional grilling, Amazon, Apple, Facebook, and Google posted big numbers. Amazon, for instance, made $5.2 billion at the height of […]
Executives sell stocks after cashing in on COVID-19 meltdown
By: Andrew Moran Forget 90 Day Fiancé and the ongoing saga in Major League Baseball. The real popcorn entertainment is happening on Wall Street. Well, that is, if you are sitting on the sidelines with very little skin in the game and watching the world burn. If you are invested in the stock market, this volatility is not […]
Was Karl Marx the brainchild behind today’s central banking system?
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 […]