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Trump and the Fed: Changes may be coming

September 18, 2017 in Blogs, Collecting, Education, History, News, Numismatica, Numismatics, Opinion, Politics, US Federal Reserve, US Government

By: Mint News Blog Mint News Blog (http://mintnewsblog.com)

Most people know that a president able to appoint several Supreme Court justices during his tenure will have an impact on our country that far outlasts their presidency. However, presidents who have the chance to make major changes to the Federal Reserve’s board of governors can also have a disproportionate impact.

Due to a combination of the facts that Federal Reserve Chair Janet Yellen’s term expires in January and that a seat on the Fed’s board of governors opened after President Trump took office; another member’s term expired; and Vice Chair Stanley Fischer unexpectedly decided to retire for personal reasons (as… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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U.S. Mint Releases 2016 Biennial Report to Congress

July 14, 2017 in US Mint

By: Sharon McPike United States Mint Press Releases/Public Statements

United States Of America Mint Logo

United States Of America Mint Logo

The United States Mint completed its 2016 Biennial Report to Congress in December 2016 on the research and development (R&D) of alternative metals for the nation’s circulating coins. This report is the third released under the Coin Modernization, Oversight, and… Full article at the source>

Source: United States Mint Press Releases/Public Statements

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Senate Committee to Hold Mint Director Hearing

March 11, 2016 in Collecting, News, Numismatica, Numismatics, US Government, US Mint, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

rhett-jeppson

On Tuesday, March 15, the United States Senate Committee on Banking, Housing, and Urban Affairs will hold a hearing regarding the nomination of Matthew Rhett Jeppson for the position of Director of the U.S. Mint.

Rhett Jeppson joined the U.S. Mint as Principal Deputy Director in January of 2015, following an appointment as Acting Chief Operating Officer of the Small Business Administration. In July, President Obama declared his intention to nominate Jeppson as Director of the Mint, a position that has not been officially filled since the previous Director, Edmund C. Moy, vacated the post in 2011.

U.S. Mint Directors are appointed… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Funding Terrorism

January 29, 2016 in Ancient Coins, Anthropology, Archaeology, Blogs, Coins, Collecting, Education, Foreign Policy, History, Investing, Legal, Numismatica, Numismatics, Opinion

By: Wayne G. Sayles Ancient Coin Collecting (Wayne G. Sayles)

In the wake of the U.S. Senate’s Finance Committee passage of a bill “to protect and preserve international cultural property at risk due to political instability, armed conflict, or natural and other disasters, and for other purposes.” Every thinking American ought to give some serious thought to the part that includes “for other purposes”. The situation in Syria and Iraq is deplorable, but it is not going to be resolved by yellow journalism or poorly conceived import restrictions. Couched within this appeal for egalitarian protection of the past is a blatant and disgustingly sub-rosa agenda pushed incessantly… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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Lawmaker asks to be paid in gold

November 13, 2012 in Coins, Gold, Gold Coins, Politics, Precious Metals

By KEVIN CIRILLI | 11/13/12 (http://www.politico.com)

A Montana state lawmaker is asking that he be paid in gold coins because of his lack of faith in the U.S. dollar amid a rising deficit.

Jerry O’Neil, a Republican just reelected in his northern Montana district, says his constituents told him he was not honoring his duty to uphold the U.S. Constitution, which O’Neil and Gold Standard supporters say requires the government to print money backed by gold.

“I believe that if you take a look at the Constitution, that’s what it says,” he told POLITICO. “I think we’ve gotten a tremendously long way from it.”

So he wrote a letter to the state Legislature asking to be paid his public salary in gold and stating: “It is very likely the bottom will fall out from under the U.S. dollar. Only so many dollars can be printed before they have no value.”

A former supporter for Rep. Ron Paul’s (R-Texas) failed bid for president, O’Neil said he hasn’t heard back from the Montana Legislature about his request.

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