TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
We start a quiet Sunday with a big picture anecdote from Eric Peters’ latest weekend note explaining why what central banks are trying to do is impossible, why the trend of inflation over the past 70 years is “stunning and unprecedented” and why “volatility suppression” always eventually fails. “Anecdote”, by Eric Peters of One River Read More…
Audit the Fed recently took a step closer to becoming law, when it was favorably reported by the House Committee on Oversight and Government Reform. This means the House could vote on the bill at any time. The bill passed by voice vote without any objections, although Fed defenders did launch hysterical attacks on the Read More…
It may have arrived with little fanfare, but Russia’s SWIFT alternative has, more or less, arrived. Speaking in no uncertain terms at a meeting with Russian President Vladimir Putin late last month, Elvira Nabiullina, the Governor of Russia’s central bank, stated: “We have finished working on our own payment system, and if something happens, all Read More…
The writing is on the wall and the message is not good. Trump will likely expand the war in Syria and increase tensions with Russia. The American empire is likely to implode under Trump’s watch, as he once again betrays many of the people who voted for him. Hillary or Trump, we’d be getting the Read More…
Richmond, VA — The president of the Virginia Federal Reserve won’t face charges after admitting his part in leaking information about the government’s fiscal policy plans — information that was then shared with a select group of investors. Jeffrey Lacker, 61, had been the president and CEO of the Federal Reserve Bank of Richmond since 2004. Read More…
The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. According to the South China Morning Post the new office was part of agreements Read More…