As the tentacles of the central planning octopus reach ever more forcefully into more corners of the economy, the free market is inevitably in retreat. But nobody seems to notice or to care.
The market is now waiting for Janet Yellen’s first news conference as the Fed Chairwoman this afternoon. The weak start to the Q1 earnings season with underwhelming reports from FedEx (FDX), Oracle (ORCL) and General Mills (GIS) will also attract some attention.
Last week, towards the end of a very lively and comprehensive roundtable discussion on gold, Financial Sense Newshour host Jim Puplava asked his guests whether they thought the gold market was being manipulated. Of the three responses, CPM Group’s Jeff Christian was the most interesting
In 1791, Jeremy Bentham published a book describing what was clearly a revolutionary design for prisons, factories, schools, hospitals – any institutional building where a few administer instruction, discipline, or care to the many.
The FDIC has sued 16 of the largest banks in the world plus the British Bankers Association (BBA) alleging that they engaged in fraud and collusion to manipulate the London Inter-bank Offered Rate (LIBOR). BBA called LIBOR “The most important number in the world.”