Ben Bernanke, Alan Greenspan, a Goldman Sachs Managing Director – a fitting invitee — and others descended upon Jekyll Island, Georgia, for the weekend to celebrate the Fed’s founding.
The immensely powerful and secretive institution, which has the exclusive reins on the US money supply, is coincidentally recognizing the occasion with another round of quantitative easing to the tune of $600 billion. Is the election going to help change things? Well… you can form your own opinion on that as you take a look at the clip below, which came to our attention via a Daily Bail post on the Fed celebrating a century of domination.
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let?s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
Traders bid up oil prices last week, based on reports of major escalation of hostilities in Yemen, just south of Saudi Arabia. Byron King updates his "Oil War" thesis as Yemen burns and as Saudi Arabia continues to be surrounded by opposition. Read on...
Despite better dental hygiene products on the market today, a recent study by The Centers for Disease Control reveal a remarkably high amount of cavities still prevalent in children. Stephen Petranek breaks down the numbers and reveals a solution that one popular toothbrush company has in the works.
What happens when a flood of new money pours into an exchange? The rising tide lifts all boats. All that money flowing in causes stock prices to increase across the board. That's what's happening in China.
Wolf Richter updates the latest wave of defaults and bankruptcies in the energy sector. As you'll see, even Janet Yellen saw this coming...
Every city in the world seems to be jealous of New York’s marvelous High Line, an ancient abandoned elevated rail line that has been converted into a park. Now cities everywhere are looking at their abandoned transportation lines to see how they can be reused.