The first thing to be done is to abolish the Federal Reserve.
The 2nd thing to do would be to reinstitute the Glass-Steagall Act because Wall Street cannot be trusted to manage their risk properly. This would separate true banking activities from the high risk gambling that brought the economic system to its knees
The Social Security System would be completely overhauled. Anyone 50 or older would get exactly what they were promised.
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery.
Gold prices are modestly higher at the start to a new week of trading on December 18, 2012. The precious metal is recovering losses from earlier in the session on mild bargain huntin, and after a report showed manufacturing in the New York area contracted more than expected, boosting expectations for expanded stimulus measures from the U.S. Federal Reserve.
Let's face it: 2011 was pretty abysmal when it came to savings rates, and 2012 won't be much brighter.
The average savings account barely pays 0.2%, while money-market funds haven't surpassed 0.02% since March. With the Federal Reserve promising to sit on short-term interest rates until at least 2013, don't expect any help from Uncle Sam when it comes to saving.
Share tips for today - The Wall Street suffered its worst session in over a month on yesterday as lower commodity prices weighed on energy & materials stocks and comments by a Federal Reserve policymaker signaled at an approaching interest-rate increment.
Oil prices continued their upward trend for the fourth consecutive day on Tuesday on expectations that the US Federal Reserve will cut interest rates for the first time in more than ten years to support the growth in demand for fuel in the country.