Category: Money & Finance

100 Years Is Enough: Time to Make the Federal Reserve a Public Utility

December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance.  Has it achieved the purposes for which it was designed? The answer depends on whose purposes we are talking about.  For the banks, the Fed has served quite well.  For the laboring masses whose populist movement prompted it, not much has changed in a century. Thwarting Populist Demands The Federal Reserve Act was passed in 1913 in response to a wave of bank crises, which had Read more [...]

Economic Redemption: The Solution to the World’s Financial Problems

As credit manager of the Federal Reserve Bank of Atlanta Robert Hemphill once said, "The banking problem is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." What people need to understand about the banking problem, is that the current monetary system has enslaved virtually every human being on this planet at the mercy of a small faction of billionaires. Take the United States for example:  The Federal Reserve is Read more [...]

World’s First ‘Trillionaire’ Offers To Pay Off U.S. National Debt Before Losing It All

The world’s richest man, Carlos Slim Helu has been the world’s richest man for four years in a row, with a net worth of $36.3 billion. That is, until Reggie Theus recently become the world's first trillionaire. Reggie’s trillionaire status was short-lived, however. But before his bank realized they had errantly deposited the extreme figure into his account electronically, Reggie had made the open offer to pay off the national U.S. debt. Sadly, the bank realized its mistake and quickly Read more [...]

25 Fast Facts About The Federal Reserve – Please Share With Everyone You Know

As we approach the 100 year anniversary of the creation of the Federal Reserve, it is absolutely imperative that we get the American people to understand that the Fed is at the very heart of our economic problems.  It is a system of money that was created by the bankers and that operates for the benefit of the bankers.  The American people like to think that we have a "democratic system", but there is nothing "democratic" about the Federal Reserve.  Unelected, unaccountable central planners Read more [...]

10 Signs The Global Elite Are Losing Control

Karma is coming for the elite in a big way. As the Powers That Be head toward a devastating defeat in their war plans for Syria, signs are emerging that their rule over humanity is rapidly diminishing. Over the last decade the global elite have been on a mad dash to consolidate power over the world. It's always been their plan like some evil villain in a comic book, but after 9/11 the plan went into overdrive and then turbo charged during the financial crisis of 2008. Yet it's doomed to fail Read more [...]

Coca Cola Goes Flat As Americans Drink Less Soda

Coca-Cola, battling changing tastes at home in America and other developed markets, reported declining second-quarter profit and a drop in volume growth in several key markets. Net income was $2.68 billion, 59 cents a share, down from $2.79 billion, 61 cents a share, a year ago. Excluding one-time items, Coke earned 63 cents a share, which is what analysts expected. Company-wide volume inched up 1%, short of Coke’s projections. In contrast to the lackluster figures, Coke CEO Muhtar Kent struck Read more [...]

25 Jokes about Bankers and Banking

Sometimes we need to step back and laugh at the world.  A little humor can only make things better.  Here are 25 jokes about Bankers and Banking guaranteed to make your day better.  Enjoy! 1. What's the difference between a tragedy and a catastrophe? A tragedy is a ship full of bankers going down in a storm; a catastrophe is when they can all swim. 2. What do a banker and a slinky have in common? They're both fun to watch tumble down the stairs. 3. What's the difference between a banker Read more [...]

Riots Hit Cyprus Bank After Accounts Frozen

ATMs were drained over the weekend in Cyprus after European Union chiefs decided late Friday night to raid private savings accounts to help pay for the country's $13 billion bailout. Of course it was a holiday weekend and banks are closed on Monday, preventing a panicked bank run. It is now being reported that the Cypriot cabinet has extended the bank holiday until Thursday in an effort to calm the growing unrest. Electronic transfers have also been halted in order to prevent capital flight. Riots Read more [...]