Money versus Monetary Policy

US Monitoring Surge In China's Detention Of Panama-Flagged Vessels Authored by Aldgra Fredly via The Epoch Times, The U.S. Federal Maritime Commission on March 26 accused China of detaining Panama-flagged vessels in response to Panama’s termination of Hong Kong-based CK Hutchison’s concessions for two key ports. Panama’s Supreme Court ruled in late January that the concessions held by Panama Ports Company, a unit of CK Hutchison, for the Balboa and Cristobal terminals in the Panama Canal were unconstitutional. The ruling followed an audit by Panama’s comptroller, which alleged irregularities in the 25-year extension...

US Issues $10M Bounty For Location Info On Mojtaba Khamenei & Ali Larijani The US Department of State's Rewards for Justice program has newly issued a $10 million reward for information on the whereabouts of Iranian Supreme leader Ayatollah Mojtaba Khamenei and Secretary of the Supreme National Security Council Ali Larijani. The alert calls for information on the two "Iranian terrorist leaders" at a moment of ongoing heavy bombardment of Iran by the US and Israel. Interestingly the State Department said that informants could make people eligible for "relocation". The Pentagon on...

When the Massachusetts colony issued its own unredeemable paper money in 1690, it was with the promise that it would soon be redeemable in specie. Like all paper money issued by government, it lost value and the confidence of the people.