Elon Musk reposts call to end the US Federal Reserve Bank
Elon Musk reposted a call from Senator Mike Lee to abolish the Federal Reserve Bank in the United States — echoing the long-time calls of sound money advocates.
Elon Musk is already flexing his influence with Donald Trump. Here's how
Tesla (TSLA) and SpaceX CEO Elon Musk is riding high right now. After months of work campaigning on President-elect Donald Trump’s behalf, his chosen candidate is heading back to the White House, proving that his latest gamble was a success — and earning him more sway with the upcoming administration.
How Elon Musk Gets Money From the Federal Government
Donald Trump’s election to a second term in the White House was a boon for Elon Musk personally. His companies stand to benefit, too, just not in the ways investors might expect.On the back of Tesla stock’s epic 29% gain this past week,
Elon Musk is now worth over $300 billion and says this is the “ultimate currency”
Elon Musk is the entrepreneur behind Neuralink, SpaceX, and Tesla - as well as more recently, a staple in Donald Trump's inner circle. With ambition and determination, Musk has revolutionized industries from electric vehicles to space exploration.
Elon Musk backs call to place Federal Reserve under Trump’s control
Trump ally Elon Musk – the billionaire founder of Tesla and SpaceX – signaled his support for the president-elect’s controversial bid to place the Federal Reserve under control of the White House. Musk on Friday replied with a “100” emoji to a post on X from Republican Sen.
Euro Parity With Dollar Is Big New Call by Currency Analysts
Currency strategists are ripping up forecasts for the euro in the wake of the US election and coming up with a new call: a ...
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The Federal Reserve: Who Are They and What Do They Do?
What Is a Federal Reserve Note? Is It Backed by Gold? A Federal Reserve note is a currency issued by the Fed that’s backed by gold. These notes are usually worth their face value, although ...
De-Dollarization: What Would Happen if the Dollar Lost Reserve Currency Status?
De-dollarization is an effort by a growing number of countries to reduce the role of the U.S. dollar in international trade.
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Donald Trump thinks he should be able to influence Fed rates—here’s what history and the law say
It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, ...
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How the U.S. Dollar Became the World's Reserve Currency
The first U.S. dollar (USD) is the official currency of the United States and several other countries. The dollar was first printed in 1914, a year after the establishment of the Federal Reserve ...
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What is the Federal Reserve?
The Federal Reserve ensures the smooth operation of the banking system and guides the nation's economy by managing U.S. currency and by steering interest rates. Monitor and attempt to guide the ...
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Trump’s market honeymoon won't last much longer
Hedge fund manager Scott Bessent, reported to be in line for a top job in the Trump administration such as Treasury secretary ...
Bitcoin Rises Above $80,000 For The First Time In History
Bitcoin prices climbed above the $80,000 on Sunday, November 10 to attain their highest value yet as the digital currency ...
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Under A Bitcoin Standard, Legacy Institutions Will Adapt And Improve
If bitcoin were to really become a global reserve currency, that would mean that the U.S. dollar ... related to central banks like the Federal Reserve. Assets bubbles aren’t just some abstract ...
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Fed extends currency swap lines to Brazil and Mexico
The extension of a US Federal Reserve currency swap line to Brazil shows confidence in South America's largest economy, Central Bank President Henrique Meirelles said on Tuesday. The Federal ...
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Federal Reserve
The Federal Reserve has three main objectives: maximize employment, stabilize prices, and moderate long-term interest rates. Learn how the Fed’s role has expanded since it was established in 1913.