European Central banks keep demanding the return of their gold bullion from the vaults of the Federal Reserve Bank of New York, reducing the gold stockpile kept under the streets of Manhattan to its lowest level in decades; economist Lew Rockwell is convinced that the move is an indication that Europe is desperately striving for independence. Gold always glitters, and once upon a time, the reputation... 

The US Federal Reserve chair has expressed concern about increasing wealth inequality in the US, saying the richest five percent of Americans hold 63 percent of the country’s wealth. Janet Yellen made the remarks at the Federal Reserve Bank of Boston Economic Conference on Inequality of Economic Opportunity on Friday. According to her, those at the very top have made significant income gains while... 

A massive trove of gold kept under lock and key five stories below Manhattan at the New York Federal Reserve has been undergoing its first audit in history. It could put conspiracy theories – for example, that the gold is a sham – to sleep for good. According to the official record, the US government keeps billions of dollars in gold stored beneath the New York Fed’s Italian Renaissance... 

Protests against Wall Street spread beyond America on Monday as demonstrators marched on Federal Reserve banks and camped out in parks from Los Angeles to Portland, Maine and planned protests around the world in a show of anger over the wobbly economy and what they see as corporate greed. In Manhattan, hundreds of protesters dressed as corporate zombies in white face paint lurched past the New York... 

US activists in Occupy Chicago Protests A group of American activists have gathered in front of the Chicago Federal Reserve Bank in the “Occupy Chicago” rally to protest against poverty and unemployment in the United States. According to organizers, the activists were inspired by the Occupy Wall Street demonstration in New York, the Chicago Tribune reported on Friday. The Chicago sit-in began on... 

A shocking Russian Finance Ministry report prepared for Prime Minister Putin is warning today that massive liquidity runs on American and European financial institutions over the past fortnight are in danger of collapsing the entire global economic system leaving war as the only “option” for the West to use to protect itself from complete obliteration. According to this report, the genesis of... 

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen… the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the...