Financial Collapse
1 view | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Shaikh Abdul Kabir
Scoop.it!

How Franklin Roosevelt Secretly Ended the Gold Standard

How Franklin Roosevelt Secretly Ended the Gold Standard | Financial Collapse | Scoop.it
On March 4, 1933, Franklin D. Roosevelt became president for the first time, promising an “adequate but sound” currency. The next day, a Sunday, he closed the nation’s banks.
Shaikh Abdul Kabir's insight:

The USA in 1933 ===>
 Roosevelt said the U.S. would have a permanently “managed currency” and that “it may expand one week and it may contract another week. That part is all off the record.”  

more...
No comment yet.
Scooped by Shaikh Abdul Kabir
Scoop.it!

Wikia

Wikia | Financial Collapse | Scoop.it
Wikia is a community site that anyone can contribute to. Discover, share and add your knowledge!
Shaikh Abdul Kabir's insight:

Monthly visitors of this site are 
104,727,088

more...
No comment yet.
Scooped by Shaikh Abdul Kabir
Scoop.it!

Senate set to confirm Yellen as Fed Chair - CNN

Senate set to confirm Yellen as Fed Chair - CNN | Financial Collapse | Scoop.it
CNN
Senate set to confirm Yellen as Fed Chair
CNN
The U.S. Senate is expected to confirm Janet Yellen Monday to serve as the next chair of the Federal Reserve, after Ben Bernanke's second term ends in January.
Shaikh Abdul Kabir's insight:

She will be the first woman to head the Federal Reserve in its 100-year history.

more...
No comment yet.
Scooped by Shaikh Abdul Kabir
Scoop.it!

US Dollar Loses Ground Ahead of Fed Meeting — Forex News

US Dollar Loses Ground Ahead of Fed Meeting — Forex News | Financial Collapse | Scoop.it
US Dollar Loses Ground Ahead of Fed Meeting: US dollar is losing ground today, ahead of a Federal Reserve mee... https://t.co/7Sdu1DvkyI
more...
No comment yet.
Scooped by Shaikh Abdul Kabir
Scoop.it!

Everything Is Money: Does It Matter What Form Our Currency Takes? - Pacific Standard: The Science of Society

Everything Is Money: Does It Matter What Form Our Currency Takes? - Pacific Standard: The Science of Society | Financial Collapse | Scoop.it
The primary goal of money is to connect disparate individuals and groups, giving them a universal medium of exchange.
Shaikh Abdul Kabir's insight:

Cigarettes often functioned as a commodity currency in prisons until the Federal Bureau of Prisons banned smoking in 2004.

more...
No comment yet.
Scooped by Shaikh Abdul Kabir
Scoop.it!

The Federal Reserve: Looking Back, Looking Forward | The Big ...

The Federal Reserve: Looking Back, Looking Forward | The Big ... | Financial Collapse | Scoop.it
The Federal Reserve: Looking Back, Looking Forward Chairman Ben S. Bernanke At the Annual Meeting of the American Economic Association, Philadelphia,
Shaikh Abdul Kabir's insight:

Bernanke's article  ( Fed Chairman ) 

more...
No comment yet.