Posts Tagged ‘ECB’

Treasury’s Lew Brings Debt Deadline Forward, "Urges" Congress To Raise Debt Limit

“The trend in our projected net resources has continued to be negative,” warns Treasury Secretary Lew forcing the administration to move up the deadline for the end of extraordinary measures from Nov 5th to Nov 3rd.  Ironically, Lew explains.. *LEW: OPERATING WITHOUT BORROWING AUTHORITY IS ‘IRRESPONSIBLE’ But operating beyond […]

The Secret Fed Paper That Advocated a “Carry Tax” on All Physical Cash

0000000 (Zero Hedge)  Many commentators have noted that mainstream economists are calling to do away with cash entirely. It would be easy to scoff at these proposals as completely insane if the Fed hadn’t published a paper back in 1999 suggesting the implementation of a “carry tax” or taxing actual physical cash using an expiration […]

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