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IBM planning a custom version of bitcoin for central banks

Reuters reported on Thursday that, according to unnamed sources familiar with the matter, IBM is planning a custom version of bitcoin technology for governments and central banks.

Op-Ed: Head of NY Fed deserves praise for tough talk on student loans

New York - The head of the Federal Reserve Bank of New York calls out the questionable practice of giving government-subsidized college loans to all comers...without any regard for their ability to perform academically.

New York Post and UPI twitter accounts hacked

It was a scenario worthy of the latest Hollywood movie. The plot? Hackers breaking into news media accounts and planting a story about China firing on a U.S. warship, starting World War III.

Yellen takes dead aim at a GOP movement to rein in the feds reserve

Federal Reserve Chair Janet Yellen doesn't want to follow anyone's rules. On Friday at the Jackson Hole economic symposium, Yellen spoke on the state of the labor market and how these dynamics effect monetary policy.

Op-Ed: Bitcoin, a threat to the central banks, banned in Russia

Moscow - The Russian government has announced that Bitcoin, a popular alternative currency, now is illegal in Russia. The prosecutor’s office pointed to its possible use in money laundering and financing terrorism as cause for the move.

Senate votes in Yellen as first woman chair of Federal Reserve

Washington - The U.S. Senate, Monday, approved the appointment of Janet Yellen as head of the Federal Reserve. Yellen, 67, will become the first woman to preside over the US central bank, the most powerful in the world.

Op-Ed: Happy Centenary, Fed — Time to die

The Federal Reserve was a hundred years old this week. Most in-the-know observers believe it has long outlived whatever usefulness it may have once had.

Op-Ed: Bitcoin will no longer be the anonymous tool of anarchists

Beijing - What was once considered the monetary tool for anarchists due to its anonymity and fight against fiat currency will soon become just another regulated payment system that will lose its prominence in the world of alternative currencies.

Op-Ed: Fed official sparks controversy about genetically modified foods

Dallas Federal Reserve Bank President Richard Fisher encouraged farmers to carry on with the use of genetically modified organisms (GMOs) in food and establish standards for international trade, while a shipment of GMO corn sits off the coast of China.

Op-Ed: Will Janet Yellen put the final nail in the U.S. dollar's value?

Washington - The United States Senate Banking Committee voted overwhelmingly Thursday in favor of approving President Obama's nomination of Janet Yellen to chair the Federal Reserve once Ben Bernanke's current term expires Jan. 31, 2014.

Op-Ed: Noam Chomsky talking sense and nonsense

Massachusetts Institute of Technology Professor Emeritus Noam Chomsky talks common sense, most of the time, but does he understand economics?

U. S. Mortgage rates drop to 4.32%

The Fed’s decision to continue its economic stimulus program unabated has sent fixed mortgage rates plunging to their lowest level in two months.

Op-Ed: Why Peter Schiff was right on no Federal Reserve QE taper

Hartford - Since the summer, financial experts continued to repeat themselves that the Federal Reserve was going to taper its $85 billion-per-month bond-buying initiative this month.

Op-Ed: Economists supporting Yellen despite poor forecasting record

New York - It should be soon that United States President Barack Obama will pick his nominee to succeed Ben Bernanke as Chair of the Federal Reserve.

Op-Ed: Austrian economics, Fed data agree with Faber that crash is near

New York - Marc Faber is known as both a bear on the United States economy and a contrarian investor. Echoing the sentiments of other libertarian investors and adherents of Austrian economics, a crash in the market is imminent.

Op-Ed: Interest rates should be determined by market, not central banks

Washington - Since the collapse of the United States economy at the height of the Great Recession in 2007 and 2008, consumers and governments have given interest rates a bad reputation. Is it wrong to blame them?

Op-Ed: Obama considering Larry Summers for chair of Federal Reserve

Washington - Ben Bernanke, the present chair of the US Federal Reserve, has said the he has already stayed longer in his post than he wished, so it is quite unlikely he will seek another term when his present term runs out in January.

Ron Paul accuses Ben Bernanke of misleading public over inflation

Springfield - After Federal Reserve Chairman Ben Bernanke delivered his testimony to the Congressional Joint Economic Committee on Wednesday, retired Texas Republican Congressman Ron Paul issued a statement accusing Bernanke of misleading Americans over inflation.

New petition against federal reserve, quantitative easing

A new petition has been released on the White House's "We the People" website, calling for an end to the Federal Reserve's quantitative easing and its monopoly over currency in the United States.

Texas proposing repatriation of gold held at the Federal Reserve

Houston - New legislation is being proposed in Texas that would establish a sort of Texas Bullion Depository. Texas Governor Rick Perry and other lawmakers are proposing that it would get back its gold from the Federal Reserve.

Report: German central bank to remove gold from Federal Reserve

Frankfurt - Germany wants its gold back. Local newspapers are reporting that the Bundesbank, the central bank of Germany, is planning to deposit more gold reserves at home in Frankurt, while withdrawing many of its precious metal held in facilities around the world.

Germany to check its gold reserves stored in United States

German government auditors have requested the Bundesbank, Germany’s equivalent of the Federal Reserve, to check up on Germany’s gold reserves much of which are in secure storage at banks abroad.

Federal Reserve Chairman Ben Bernanke may not seek third term

New York - Federal Reserve Chairman Ben Bernanke will most likely step down in January 2014 and not seek a third term even if President Barack Obama is re-elected. Republican nominee Mitt Romney has vowed to replace Bernanke if elected.

FBI, NYPD thwart Federal Reserve Bank terror bombing plot

New York - Agents with the Federal Bureau of Investigation (FBI) have arrested a man after he allegedly attempted to detonate a bomb outside the Federal Reserve Bank in the lower Manhattan’s financial district of New York City.

Review: 'Masters of Money — Hayek' Special

The second episode in this short BBC Television series contains some interesting information, but like the first episode, fails by and large to tackle the real issues.

Op-Ed: Aggressive Federal Reserve appears to be listening to Americans

The Federal Reserve today acted boldly, announcing the continuation of historically low interest rates and a $40 Billion a month plan to buy mortgage bonds. As the economy struggles to recover can this bold move work to right the economy?

Clinton notes that Obama 'inherited a deeply damaged economy'

In his speech at the DNC, Bill Clinton noted that six weeks before Obama's election, the economy suffered "the biggest collapse since the Great Depression." Ironically, it is Clinton whom many economists blame for the 2008 collapse.

CNBC financial experts agree: 'We are slaves to central banks'

In a eye-opening round table discussion on CNBC's The Kudlow Report, every financial analyst openly admitted that the people of the United States serve central banking interests.

Op-Ed: Banks shift financing from real estate to consumers

In the wake of the near collapse of our modern day financial system, banks are now financing consumers, continuing away from the 20 year trend of making business a priority.

Will bullion prices fall further then climb to new heights again?

Toronto - Throughout 2012, bullion prices have been rather lackluster. Investors saw silver jump to $35 in February, but fall since. Gold has also seen a sharp drop. Does this spell the end for bullion or is this just a temporary adjustment for goldbugs?
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Not everyone is as impressed with Chairman Bernanke as the students of George Washington University....
Not everyone is as impressed with Chairman Bernanke as the students of George Washington University. This photograph is frm a protest at Minneapolis, Minnesota, September 8, 2011. September 8, 2011
Federal authorities have arrested an Al Qaeda wannabe Quazi Mohammad Rezwanul Ahsan Nafis for attemp...
Federal authorities have arrested an Al Qaeda wannabe Quazi Mohammad Rezwanul Ahsan Nafis for attempting to blow up the Federal Reserve in Manhattan.
Law Enforcement Photo
U.S. Federal Reserve Vice Chair Janet Yellen testifies during a Senate Banking Committee confirmatio...
U.S. Federal Reserve Vice Chair Janet Yellen testifies during a Senate Banking Committee confirmation hearing on her nomination to be the next chairman of the U.S. Federal Reserve, on Capitol Hill in Washington
With permission by Reuters / Joshua Roberts
U.S. Federal Reserve Building.
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.