He said the shortage was due to the mass business closures that prevented people from spending their coins, as well as a lack of places that are open where people can trade coins for paper bills.
International Man: Recently, massive riots have broken out in many cities across the US.
You thought that monkey on your back was light as a feather, but now it transmogrified overnight into a crushing gorilla.
Last week FOMC Chair Jerome Powell and company did, essentially nothing, at their June meeting.
One of the consequences of expansionary monetary intervention is that it distorts the relationship between financial markets and the underlying economy.
The U.S. federal government and its monopolist financier, The Federal Reserve, have created an economic fantasy world.
Today, the Fed announced the terms of its new bond facility. In reality it's nothing but an asset price support mechanism.
It was classic Fed "open mouth operations" as Powell tried to talk up the central bank's policies and assure everybody that everything is under control. But is it, really?
Federal Reserve Chairman Jerome Powell will appear before the Senate on Tuesday, the first of two days, to discuss the semiannual report on monetary policy. "It is a long road. It is going to take some time," Powell said last week.
Financial writer Bill Holter says the Fed cutting bank reserves to 0% for the first time in history is a "huge deal" and a red flag for what is coming.
BlackRock, an investment manager of $7- trillion in stock and bond funds, revealed plans by the Federal Reserve for a bail out of financial institutions and corporations in August 2019, months before COVID-19 appeared and long before the public was a
The Federal Reserve's models really are the most optimistic of the bunch. With the policy meeting conducted today, no surprises as far as policies go, we now know what ferbus has to say about everything that's happened this year.
A failed financial system of central planning by The Federal Reserve is being clung to in America. It was wrong to ignore and replace the sound monetary system created by America's Founders and codified in the U.S. Constitution.
"Stupid And Ridiculous": Rabobank Says The Fed Will Cause Everything To Come Crashing Down In Epic Ruin
"It is the system that deserves to be blamed. What those who wish to perpetuate the system deserve is another question."
With traders curious if the Fed will leave open-ended QE or will formalize asset purchases to a specific monthly amount...
Federal support remains essential, but is best targeted toward preserving the "circular flow" of the economy by supporting the basic incomes of families and incentives for productive investment, limited to those actually experiencing economic dam
Unfortunately for the stock market president, unlike previous Mnuchin appearances, this time the market was largely oblivious to his message, and was trading near the worst levels of the session, just around 3,100.
the government is spending a lot of money it doesn't have. Deficits are exploding. The Federal Reserve is printing trillions of dollars. All to keep people employed.
We keep hearing from the Fed's defenders that the current spate of new stimulus and bailouts from the central bank are really not a big deal and are all very prudent and moderate.
President Donald Trump has predicted that the US economy will recover by 2021, citing new jobs data released by the Labor Department which contains a "misclassification error." Officials say the numbers are artificially low, and Federal Reserve C
The Federal Reserve's Chair, Jerome Powell has hinted at using an Ethereum-based interest reference rate in a transition from the London Interbank Offered Rate (Libor). Powell also detailed in a letter to Senator Tom Cotton (R-AR), that the Ethereu
The new and popular handle is Modern Monetary Theory. But it's the same old Ponzi scheme. It's still plain old money printing.
The Federal Reserve has been increasing the supply of dollars at levels not seen in at least 40 years. Even the money pump during the 2008 financial crisis pales in comparison to today's central bank counterfeiting. Just as the lockdowns will produce
Getting the U.S. economy back to strong growth could require negative interest rates, according to a St. Louis Federal Reserve economist.
The Fed Made A Massive Mistake"
The US Constitution is the spectacular framework upon which our nation is built.
Who's in charge? Is The Fed responsible for 40 million unemployed? The concept of a "Deep State" may be a new one for Americans to come to grips with, but unaccountable power is as old as the hills. Liberty & sound money are the only neutralizing age
JP Morgan CEO Jaime Dimon acknowledged that the stock market is rising only because the Fed is using taxpayer dollars to save large companies. He said, "The Fed's liquidity, bringing out the bazooka, is propping up stock prices (as well as all ot