Is Russia Planning a Gold-Based Currency?

By Marcia Christoff-Kurapovna February 6, 2015   Is Russia Planning a Gold-Based Currency?   The “perfect-storm” of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow’s international standing, and possibly for the long-term. Yet, it is precisely such conditions that may push the country’s leadership into […]

Fed looks set to ease fairly soon barring swift rebound

Source: By Pedro da Costa and Alister Bull (Reuters) – The Federal Reserve is likely to deliver another round of monetary stimulus “fairly soon” unless the economy improves considerably, minutes from the U.S. central bank’s latest meeting suggested. While the July 31-August 1 meeting occurred before some encouraging economic data, including a stronger-than-expected rise […]

Why the Fed Sat on Its Hands

Source: he stock market took a tumble this afternoon and bounced back up (the Dow closed up 400 points) following a much-anticipated Federal Reserve announcement that the central bank would keep interest rates low until at least mid-2013. A number of progressive economists had hoped the Fed would implement a third round of quantitative […]

Ron Paul On “Debt Ceiling Drama” “We Need To Stop Allowing Secretive Banking Cartels To Endlessly Enslave Us”

Source: he barrage of political statements on the debt ceiling is reaching a crescendo. Following Eric Cantor, here is Ron Paul. Debt Ceiling Drama First of all, politicians need to understand that without real change default is inevitable.  In fact, default happens every day through monetary policy tricks.  Every time the Federal Reserve engages […]