Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
December 23 marks the 100th anniversary of arguably the most powerful bank in the world: The US Federal Reserve.
The Fed was created by business leaders and the government in an attempt to bring stability to the financial system.
But the Central Bank didn’t have many well-wishers on its big day.
Public outrage over the Fed’s policies has been escalating over the past few years, primarily due to the Bank’s quantitative easing policy which includes buying $85 billion worth of treasury bills and bonds each month – recently lowered to $75 billion.
In honour of the Fed’s 100th year, the Twittersphere experienced an outburst of Fed-hating, with some calling the Fed’s actions ‘financial terrorism,’ and others calling for the Fed to shut down forever.
See also: Gold and the Fed’s rocky relationship
Celebrating 100 Years of The Federal Reserve
A tradition of blowing bubbles and popping them.
#FederalReserve #Fed pic.twitter.com/FOy1QWtzdt
— Randy Hilarski (@RandyHilarski) December 23, 2013
Fed turns 100 today. Don't forget to send a gift. More U.S. income inequality or dried fruit baskets preferred. #fed #yellen #economy
— Andrew Huszar (@AndrewHuszar) December 23, 2013
…..Happy Birthday dear debaser-of-the-currency-with-your-reckless-money-printing, Happy Birthday to you…. #Fed100
— Stephanie Kelton (@StephanieKelton) December 22, 2013
100 years ago America's sovereignty was high jacked by monetary, financial terrorists. This private Corp given monopolistic control. #FED
— Peter Spina (@goldseek) December 23, 2013
Only 3 More Days to the 100th Anniversary of the establishment of the greatest cartel I mean institution in US History!
#Fed100
— Rudolf E. Havenstein (@RudyHavenstein) December 20, 2013
Comments
Bill Kandravi
Where would Obama be with out the Fed, of all people for him not to send a present to, must be on the Golf Coarse or trying to find a doctor that you can keep!