When the Great Depression began, over 8,000 commercial banks belonged to the Federal Reserve System, but nearly 16,000 did not. There were still state banks that...
Herbert Hoover’s memoirs (1951) documents the fact that Franklin D. Roosevelt (FDR) played a very dirty game of politics. There were rumors that FDR would...
Yanis Varoufakis and his battle behind the curtain. Here is the full transcript of an interview with him where he speaks frankly about the battle to save Greece....
Even the IMF has come out now to warn that Greece may need a complete debt write-off. This is sending an economic earthquake through Europe, for it undermines the...
The markets were relatively well behaved today, with little geopolitical excitement to unnerve trading, but we did see weaker economic data in the States. Retail...
We will be holding a special one-time event for our clients (meaning all interested readers). This is not a general public event, so we are not advertising outside...
Whenever there is some political deal, it is NEVER what they present to the public with such magnanimous fanfare. There is always a hidden agenda. Here, Obama...
The story of a possible lawsuit against Goldman Sachs over hiding Greek debt is starting to make the press. We do most certainly live in interesting times. The...
There have been many attempts at creating a gold standard and this notion that money should retain a value yet simultaneously people want to earn more with...
