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Does Anyone Remember Lehman Brothers?

T-Bill rates now negative, general collateral at 1 (ONE!) basis point (=0.01% interest). Negative interest rates mean that you are willing to pay someone to hold your money on the belief that you will get your money back less a storage fee. Capital is going into hiding at a frenetic pace. Negative short term rates [...]

By |2011-06-30T21:11:43-04:00June 30th, 2011|Economy|0 Comments
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Fed Moves to Save Itself

I have long maintained that the central bank is an instrument of private mega-banking policy, and that that policy is quite simple: attach to an economy and suck the life out of it like a vampire. This makes the central bank similar to Renfield in Bram Stoker's gothic novel Dracula. Any central bank must be [...]

By |2011-01-24T20:00:43-05:00January 24th, 2011|Economy, Federal Reserve|0 Comments
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Event Calendar

Member Org – Virginia Tea Party

Richmond Tea Party is a proud member of the Virginia Tea Party Statewide Organization.

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About Us

Richmond Tea Party, Inc. is a non-partisan, grassroots community established to advance and strengthen the Founding principle that life, liberty and the pursuit of happiness are God-given rights guaranteed to every individual by the Constitutions of the United States and the Commonwealth of Virginia. We believe that government derives its power from the people and is established solely to protect these rights. The core principles of limited government, fiscal restraint, personal responsibility, and governing with virtue and accountability are all necessary to ensure the preservation of our freedom. We believe that local governments, communities, and individuals are best suited to serve and represent the needs of the people. Most importantly, we believe that citizen participation in the political process is a fundamental necessity for good government.
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