Home / Federal Reserve

The Futility of Banking Reform

Written by Gary North on January 22, 2013

Gary North’s Reality Check (Jan. 22, 2013) The largest banks are immune to reform or regulation. They control the Federal Reserve System, and have since the beginning in 1914, when it opened for business. The Congress defers to the FED. So, the banking system never changes much. There is never a significant reform. Today, the […]

Continue reading →

Big Banks Are in High Cotton: Profits Soar

Written by Gary North on January 17, 2013

Goldman Sachs’ profits are up.  J. P. Morgan Chase’s profits are up. How are your profits? Not so good? That’s because you’re not an ex-CEO of Goldman Sachs. Therefore, you’re not the Secretary of the Treasury. You’re not Hank Paulson. You’re not Robert Rubin. You’re not even Jon Corzine. So, no U.S. Senate seat for […]

Continue reading →

No Trillion-Dollar Platinum Coin, Treasury Says

Written by Gary North on January 14, 2013

The scheme that proposes the issuing of a trillion-dollar coin to be sold for digital money from the Federal Reserve System is dead. The Treasury won’t go along with it. That’s really a shame. I was a big fan of the scheme. It would have been legal. It would have short-circuited the debate over the […]

Continue reading →

How Keynesians Hijacked Milton Friedman’s Helicopter

Written by Gary North on January 11, 2013

Gary North’s Reality Check Milton Friedman was very smart and a great debater. I knew him. I liked him. But he was no different from other very clever fellows. When he got something conceptually wrong, he was dangerous. My professor of apologetics at seminary was Cornelius Van Til. Apologetics is the philosophical defense of the […]

Continue reading →

Suckers Line Up to Lend to the U.S. Government at 0.1%.

Written by Gary North on December 5, 2012

People and institutions still lend money for 90 days to the U.S. government in order to earn a tenth of one percent per year interest. They trust the government. Yet the fiscal cliff charade goes on. The U.S. government cannot pay its bills without borrowing more money. The whole world knows this. But the “smart […]

Continue reading →

Ben Bernanke Sent Me a Letter

Written by Gary North on November 26, 2012

Here is a letter I got over the weekend. From the Desk Of: Manager: Mr. Ben S. Bernanke Bank Federal Reserve Board Liberty Street, New York, NY 10038, USA This is to bring to your kind notice that your outstanding payment of $7,300,000.00 which has been with our central paying office from United Nations has […]

Continue reading →
Page 20 of 30« First...10«181920212223»...Last »