TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
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…
The Republican-controlled Committee on Oversight and Government Reform approved a bill earlier today to allow for a congressional audit of the Federal Reserve’s monetary policy, a proposal Fed policymakers have opposed and likely faces a difficult path to final approval in the Senate. Under the bill, the Fed’s monetary policy deliberations could be subject to Read More…
Riddle me this: As we all know by now, China is bleeding capital, with a record $725 billion in outflows last year alone. Accordingly, the ChiComs have been flipping their lid, imposing new capital controls left and right to try and stop the bleeding. One of the most straightforward of these capital controls limits each Read More…
An investigative reporting coalition recently released a report alleging a multi-billion dollar money laundering operation that has affected hundreds of banks and companies in 96 countries including the repeat offender, HSBC. In 2012, HSBC, one of the world’s largest banks, settled with the U.S. Government, avoiding criminal prosecution of its executives, for helping to launder money Read More…
The Defense Department on Tuesday denied it tried to quash a 2015 study that found it could save $125 billion in noncombat administrative programs but admitted it has so far only found a small fraction of those savings. As Stars and Stripes’ Travis Tritten reports (via Military.com), the department hopes to save $7.9 billion during Read More…