federal reserve

hundreds-kilos-of-gold-stolen-during-war-in-europe-found-on-258281978-stockpack-adobe_stock
Hundreds kilos of gold stolen during war in Europe found on unknown place
Image Credit: Couperfield - Adobe Stock

Gold Is Still Your Only Monetary Alternative

Today, we are seeing a lot of the institutions and bad ideas of the Post World War II Consensus breaking down and collapsing. Among these is the rather stupid notion that economies should be managed by some combination of currency and interest rate manipulation, and “fiscal stimulus” spending that amounts to utter waste, for the simple reason that it has no justification except as “stimulus.” These are the conclusions of “Keynesianism,” which has been taught in all universities since the 1940s. Read More ›
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Eagle printed on bill of america
Image Credit: Photo By: Kaboompics.com - Pexels

How to End the Fed

President Wilson enacted the Federal Reserve Act in 1913. This allowed a consortium of private bankers to establish what amounted to a central bank monopoly currency issuer in the United States — although they took great pains to deny that was the goal. The Federal Reserve was never part of the government. It was the fourth attempt by private bankers to establish a monopoly currency issuer in the United States. Read More ›
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gold bar concept
Licensed via Adobe Stock

Time to Take Sound Money to the Federal Level

The idea of “Sound Money” — this means using gold and silver as money — has been persistently popular among the states for over a decade. Beginning with Utah in 2011, one state after another has removed barriers and impediments to using gold and silver, and digital or other alternatives based on gold and silver, in a monetary role. With over 40 states now having passed some kind of Sound Money legislation, it is now time to take on the federal government. Representative Alex Mooney (R), of West Virginia, recently introduced the Monetary Metals Tax Neutrality Act, HR 8279, into the US House. The bill aims to repeat, at the federal level, what has already been accomplished in many states. Read More ›
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Zimbabwe flag against orange sunset
Licensed via Adobe Stock

Zimbabwe’s Central Bank Starts Africa’s Path to a Gold Standard

This month, the Central Bank of Zimbabwe launched a new gold-based currency, the first gold-based currency from a government since Richard Nixon effectively ended the world gold standard system in 1971. As long as the Central Bank of Zimbabwe adheres to some important principles, and doesn't play politics, it should be fine. Read More ›
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Financial Regulation: Boring, or Terrifying? with Chris Iacovella and Norbert Michel

Watch the episode on YouTube. A slew of financial crises that stretch all the way back to the banking Panic of 1907 have been exploited to justify erecting a financial regulatory system that has vastly centralized and expanded federal power over our money.  The irony is that these crises were largely caused, or at least exacerbated, by poorly designed government regulations.  What we have now is an unholy alliance of regulators, mega banks and entrenched special interests who are the chief beneficiaries our system of opaque and complex financial regulation. Adding to this mix is the progressive Left who are now using our financial system to push its DEI and climate change agendas.  Joining me on this episode to explore Read More ›

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Close up Franklin's face  on a one hundred dollar. American, US Dollars Cash Money background.
Close up Franklin's face on a one hundred dollar. American, US Dollars Cash Money background.

Reserve Currency?  We Don’t Need No Stinkin’ Reserve Currency

A hot question among economic pundits of late is, “What will replace the US dollar (USD) as the world’s reserve currency?” Perhaps a better question is, “Does there need to be an actual replacement?” Currently, the USD plays several major roles: There would appear to be no current alternative that completely contains every one of these attributes.  But recently, there has been a plethora of bi-lateral and multi-lateral trade agreements, particularly among the BRICS nations (Brazil, Russia, India, China, South Africa), which provide the ability to settle trade transactions in local currency or other acceptable payment mechanisms, thus satisfying the USD role number one cited above.  Simply put, if a country can settle much of its trade liabilities without requiring the Read More ›

federal reserve facade 1
The facade of the Federal Reserve Bank.

Fed Transfers Risk from Banks to You and Me

The Federal Reserve (i.e. the “Fed”) recently shifted a huge risk from the banking system to the taxpayer through something called the Bank Term Funding Program (BTFP).  The negative consequences of this historic action were lost on many because of the complex nature of the banking system. Read More ›
federal reserve facade 1
The facade of the Federal Reserve Bank.

The Greatest Risk to Americans Is the Federal Government, Not Bank Failures

It's far better for America’s citizenry and businesses to have the strength and resourcefulness that comes from free exchange of ideas and information, creativity, honesty, and self-reliance than to have a dependence on a profligate and corrupt government.  Read More ›