A senior Republican lawmaker is putting Federal Reserve System boss Janet Yellen on notice: There's a new sheriff in town, so America and American interests had better come first from now on. Citing the victory of President Donald Trump, Congressman Patrick McHenry (R-N.C.), the vice chairman of the powerful House Financial Services Committee, sent a letter to Yellen demanding an end to secretive negotiations with unaccountable foreign entities plotting to impose ever more burdensome regulations on Americans. In the letter, the congressman calls such scheming “unacceptable” and demands that it be stopped.
The Trump administration's move to stop the cut in the FHA home mortgage insurance rate is a good one — if one understands economics.
The ripple effect of business investment in the United States, thanks to the friendly face in the White House, is likely to accelerate.
Facing its best chance of passage ever under the new GOP-controlled Congress and the incoming Trump administration, wildly popular legislation to open up the Federal Reserve's books, known as “Audit the Fed,” was just re-introduced in the 115th Congress. The bill, sponsored by dozens of lawmakers in the House and the Senate the day it was re-introduced, would force the obsessively secretive and increasingly controversial central bank to submit to a full government audit. But the Fed and its apologists do not plan to allow a real audit without a tough fight.
Reality has yet to set in among those professionals managing billions in pension plans across the land, as they set target rates of return on investments far above what they will likely make.
It’s official: McDonald’s says that every one of its 14,000 stores nationwide will be replacing cashiers with automated touch-screen kiosks.
As part of the globalist establishment's ongoing push to create a totalitarian “cashless society” where every transaction can be tracked and controlled, Indian authorities last week suddenly demonetized the two largest denomination bills in circulation. In Sweden, where government already tracks and monitors almost everything, central bankers are plotting the creation of a “digital currency” that could be completely controlled — along with those who use it — by authorities. And in Australia, establishment-minded mega-banks are plotting with politicians to force everyone into a United Nations-backed “cashless society” where banks and government have total control over the population. In each case, different excuses have been used. But taken together, it is obvious that something major is going on, worldwide. Liberty and privacy are literally at stake.
The Cost of Living Adjustment (COLA) announcement to be made next week has stirred offerings of how to "fix" Social Security.