Tag Archives: US Treasury

What is a dollar? — [VIDEO]

“Lawfully speaking, a dollar is still 371 grains of fine silver.”

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The US Federal Reserve “does not own any gold at all.” … “What appears on our balance sheet is gold certificates.” … — [VIDEO]

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The Commodity Futures Trading Commission and Securities and Exchange Commission will have authority to decide what derivatives must be centrally cleared rather than letting private parties make the call.

“Central clearing interposes a regulated clearinghouse between the original counterparties in a derivatives transaction and so creates an opportunity to make dealing more transparent.” CNBC video

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Auditing the Federal Reserve — Ron Paul style

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Assume growth.

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FAIL

Technical Note: If you are not able to see the right end of the huge chart below, read my info-tech tips over there. – -

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Bailout Plan

- Text of Draft Proposal + NYT explainer – Conrad Black’s take on the financial meltdown – Takes from 3 economists – More links here. More links, again. – UPDATE: Paul Krugman says the plan does not address the real … Continue reading

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Details on how the Federal Reserve will TRY to crash real-money prediction exchanges InTrade-TradeSports and MatchBook

Via Betting Market, the Federal Reserve: Louise L. Roseman, Director, Division of Reserve Bank Operations and Payment Systems Internet gambling Before the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, Committee on Financial Services, U.S. House of Representatives … Continue reading

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Will HedgeStreet USA, the hypothetical InTrade USA, and the hypothetical TradeFair USA, be regulated in the future by a merged SEC+CFTC regulatory structure?

That sounds like a good prediction market proposal. – As you all know: The SEC regulates the securities markets (which support capital formation). The CFTC regulates the futures markets (which exist to discover prices). The SEC is rules based, meaning … Continue reading

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The information technology that caught Eliot Spitzer

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