Professor Antal E. Fekete has made a remarkable discovery in the field of Economics: artificially lowered interest rates - the fundamental instrument of economic intervention in all the developed countries, practiced in the US by the Federal Reserve - are detrimental to Labor, whether Manual Labor or Management Labor, i.e., detrimental to both the working class and the middle class.
When a baby is having a tantrum because he’s tired or sleepy, the best thing to get baby to forget what bothers him is by distracting him with anything you may have at hand: a pair of glasses, a rattle, or a bunch of keys. Give Mexicans a silver coin which has been turned into money!
The divorce between the interest of the borrower in taking a loan and the interest of the banker in granting it is to a degree responsible for the condition of excess which prevails in Western finance, currently enjoying a boom gone out of control.
Over the course of the last 18 years, there has never been a period during which International Monetary Reserves decreased. Now the quite extraordinary news is that International Reserve Assets are not just stalling, they are actually going into reverse