Monthly Archives: November 2012

Worldwide Debt Crisis

Posted on November 25, 2012 by Vic

“Those who don’t know history are destined to repeat it.”  Edmund Burke However it is not sufficient to just know history, one must understand the underlying cause of events.  In 1910 the money supply in the US was $13.3 billion. … Continue reading →

Posted in Economics, money | Tagged , , , | Leave a comment

Federal Reserve Bank

Posted on November 16, 2012 by Vic

The Federal Reserve Bank is a public entity; it is not owned by the banks. The Federals Reserve is a public entity and each of the members of the board of governors is appointed by the president and approved by … Continue reading →

Posted in Economics, money | Leave a comment