End Of Banking As We Know It?
by Kenneth Kalczuk Wouldn’t it be strange if the governing director of an industry wanted to end that industry? Like if the Secretary of Education wanted to close schools, or if the Secretary of Agriculture hated farming? The implications of President Biden’s recent nomination for the head of the Office of the Comptroller of the […]
How The Fed Can Improve Financial Stability And Reduce Inequality
by Thomas L. Hogan One of the most important economic questions facing President Biden is whom to appoint as chair of the Federal Reserve. While many consider current Fed Chair Jerome Powell to be the leading candidate, some have criticized Powell for allegedly reducing the strictness of U.S. bank regulations. As the nation’s central bank, the […]
Not Smart Financial Regulation
On July 1st, a new regulation for large U.S. banks, the Net Stable Funding Ratio (NSFR), went into effect. This rule is intended to improve financial stability by requiring banks to maintain long-term funding in excess of their short-term obligations. However, given that research cited by bank regulators finds that the costs of this rule […]
Major Bank Cuts Off Donations to Republicans Who Objected To 2020 Election Results
By Isa Cox, The Western Journal The nation’s largest lender, JPMorgan Chase & Co., is set to resume political donations after pausing them in the wake of the Capitol incursion — but will maintain a freeze on donations to lawmakers who objected to the certification of the 2020 election. Of course, like much of the narrative […]
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The Disaster of Negative Interest Rates
by Ellen Brown President Trump wants negative interest rates, but they would be disastrous for the U.S. economy, and his objectives can be better achieved by other means. The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate further into negative territory. […]
Two Banking Professionals Join the Boys & Girls Club Board of Directors
Oxnard, Calif. — The Boys & Girls Clubs of Greater Oxnard and Port Hueneme announces the addition of Dee Dee Beltran and Sean Morreale to its board of directors. Beltran is the assistant vice president of consumer lending and collections at CBC Federal Credit Union in Oxnard. Morreale is the executive vice president and regional […]
What is the Process to Install a New Monetary System?
. .. . By Alan Myers The Federal Reserve Acts are laws, they are not Constitutional Amendments. Therefore, in order to rid ourselves of the disease that is the FED, the FED Acts and all their amendments must be REPEALED. To accomplish the REPEAL, a sufficient number of elected employees, in the House must vote […]
What Monetary System Can Replace the Fed?
. .. . By Alan Myers “If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.” Milton Friedman, a Nobel Prize Winning Economist. A proper monetary system serves the People’s best interests and not private bankers, central or local. Therefore, the People must create, […]
Why the FED Must be Replaced?
. .. . By Alan Myers “The Federal Reserve definitely caused the Great Depression by contracting the amount of currency in circulation by one-third from 1929 – 1933.” Milton Friedman, a Nobel Laureate. 1. The Federal Reserve Reform Act of 1977 establish statutory objectives for the FED’s monetary policy. The goals of these objectives were […]
