A short debt limit increase endorsed by the White House shows possble support for House Republicans plan for reprieve from default. “The president is happy that cooler heads at least seem to be prevailing in the House, that there at least seems to be a recognition that default is not an option,” White House press […]

As currencies worldwide grow in circulation and foreign money is accepted in new markets internationally, the necessity to protect a country’s currency from counterfeiters is critical.   In April of this year, the Federal Reserve announced the introduction of a redesigned 100 dollar bill. The bill is due for release and is expected to enter […]

Investors and Financial Advisors flocked to the safer Yen and Franc, pushing the dollar to its weakest since the middle of August. Week two of the US Government shutdown has Republicans and Democrats pointing fingers, but not coming to any solutions.  The dollar is suffering. For More Visit www.Reuters.com

The worlds most powerful banker, Ben Bernanke, doesn’t understand gold prices. The Harvard and MIT educated Bernanke told the Senate Banking Committee in July that “nobody really understands gold prices and I don’t pretend to really understand them either.” Read More at www.Bloomberg.com

U.S. Treasury Secretary Jacob J. Lew stepped up pressure on Congress to avert a potential default, telling lawmakers in a letter that measures to avoid breaching the debt ceiling will be exhausted on October 17th.   Lew’s letter marks the first time he has set a specific deadline and gives lawmakers a target for raising […]

The Federal Reserve says it needs more evidence of lasting improvement in the economy before reducing the $85 billion pace of monthly bond buying.   “Conditions in the job market today are still far from what all of us would like to see,” said Chairman Ben S. Bernanke after a two-day meeting of the Federal […]