COMMENT: Your 4-2-18 FEDERAL RESERVE VS CONGRESS Blog should be framed & sent to every talk show host and politician in the country. It really puts everything in perspective. SC REPLY: What I find most astonishing is that to write that article, all you have to do is a little investigation. Nobody bothers to question anything. That […]

QUESTION:  Hi Marty, You say, “The one-size-fits-all policy of central banks with regard to interest rates pits East v West in both Canada and the United States. Farmers, oil producers, and miners are forced to pay higher interest rates when their economies are declining because of speculative booms in Toronto or New York.” I can […]

COMMENT: Marty,   I was looking at the Global Warming Chart, at the red line and saying to myself, “That look awfully familiar.” Then I got it.   Note how the red line drops down from 1907 to almost 1913, gets a WWI bump and then rises steadily to about 1938. Then it really goes […]

QUESTION: Do you really think Trump would let the Central Banks Default? He said we would write off PoteRicos debt maybe he plans to write everything off can he do that? If this really did happen wouldn’t the dollar be worthless? S ANSWER: It seems as though far too many people ASSUME that all central […]

QUESTION: Why do you support the fed in what you call elastic money and not a gold standard? ANSWER: As usual, you listen to the nonsense about how the Fed is owned by the banks and is responsible for probably everything evil from creating wars to probably killing JFK. The entire use of “elastic money” […]

  QUESTION: Why are there so many Fed branches? It seems this is another way for government just to create jobs and pensions. ANSWER:I wrote several times that the original design of the Federal Reserve would have been a good, stabilizing entity for the economy had the politicians left it alone. At first, to ease […]

The Federal Reserve has called an expedited closed meeting of the board of governors on Monday, April 11, 2016, at 11:30 AM.

QUESTION: In your Nov. 15 blog you said about the Fed “ I do not think in its present form it should be owned by banks collecting 6%. I would advocate a public float as is the case in Switzerland. Can you explain what that means, and how that works. Thank you I sincerely hope you continue […]

QUESTION: the big question: WHY do USA still have the FED (a private company) dictating the USA economy????????? MK ANSWER: Very simple. The Fed was originally a private bailout entity to replace J.P. Morgan and what he did during the panic of 1907. Stimulation occurred through buying corporate paper. When WWI came, Congress ordered the Fed […]

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 were not members. Those non-member banks operated in an environment similar to what existed before the Federal Reserve was first, established back in 1914. People criticize the Federal Reserve […]