inflation

Senator Aldrich issued confidential invitations to what the press said was a duck-hunting expedition in Jekyl Island, Georgia where they would write the final recommendations of the National Monetary Commission report.  The secrecy of this meeting was well warranted, at stake was the future Federal Reserve system and thus control over the entire economy.  Present in this group, [...]

From the earliest days, our Founding Fathers have been conscious of attempts to control America through money manipulation, and they carried on a running battle with the international bankers.  Thomas Jefferson wrote to John Adams:  “…I sincerely believe, with you, that banking establishments are more dangerous than standing armies…”  A couple of central banks were [...]

Ron Paul delegates picked up 21 of the 25 unbound seats from the state of Iowa over the weekend.  Paul looks likely to have about 200 delegates on the floor in Tampa for the Republican convention that are able to vote for him and more importantly making a significant, positive contribution to the 2012 Republican [...]

Greek political elections being held this weekend may determine whether the country becomes the first member of the euro to leave the currency union.  The worst-case scenario envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of the financial crisis in the fall of 2008.  When (NOT [...]

It appears that the EU collapse debate has shifted towards accepting the inevitability of a Greek exit with central bankers across the euro zone openly discussing the pros and cons of a Greek departure.  Now the focus seems to be that of the knock-on effect, particularly in Spain,  accelerating the euro crisis into an entirely new dimension.  [...]

Nobel Prize recipient in economics, Paul Krugman, embraces the idea that more money printing can save the world stating, “Higher expected inflation would aid an economy.”  Barack Obama embraced this philosophy with his 2008 Keynesian  800 billion dollar stimulus package.  The hope was to sacrifice inflation and government debt for the promise of 4 million jobs.  [...]

Two more Illinois coal-fired power plants are closing to the delight of Greenpeace and Sierra Club activists, but what does this mean for Chicagoans?  Rahn Emanuel pressured Chicago’s Fisk and Crawford plants to close earlier than previously scheduled.  These two power plants represent over 200 years of Chicago history and coal historically provides the city and the state [...]

At the latest Federal Reserve board meeting, the consensus is that the U.S. economy is improving (HUH?) and interest rates will remain at record lows.  Well, that makes sense-banks are loaning money to individuals at low levels too, between 4-5%.  The Federal Reserve must be loaning money to central banks at a similar rate, right?  [...]