Friday, 24 October 2014

Monthly Archives August 2010

Ron Paul Questions Whether There’s Gold at Fort Knox

Posted by Tom Duncan
August 31, 2010

“Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold. Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it’s “a possibility” that there might not actually be any gold in the vaults of Fort Knox or the […]

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“Spreading Hayek, Spurning Keynes”

Posted by Tom Duncan
August 30, 2010

“To these free-market economists, government intrusion ultimately sows the seeds of the next crisis. It hampers what one famous Austrian, Joseph Schumpeter, called the process of “creative destruction.” Governments that spend money they don’t have to cushion downturns, they say, lead nations down the path of large debts and runaway inflation. Eight decades ago, in […]

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The Recovery is Artificial

Posted by Tom Duncan
August 27, 2010

“The stimulus is causing an artificial rebound in the economy that cannot be maintained, says Jerry Jordan, former president of the Federal Reserve Bank of Cleveland.” Watch it here.  “The Recovery is Artificial” Jerry Jordan MoneyShow.com, August 19, 2010.

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“Fed Off’ls at Jackson Hole Discuss Tough Policy Challenges”

Posted by Tom Duncan
August 26, 2010

“Federal Reserve policymakers and many of the world’s other top central bankers are gathering Thursday for their annual retreat and symposium in the shadow of the Grand Tetons. They are also meeting in the shadow of looming economic and financial problems, which seem to be defying the stimulative efforts of both monetary and fiscal policy. […]

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“Fed Asks Court to Stay Discount-Window Ruling”

Posted by Tom Duncan
August 26, 2010

“The Federal Reserve has asked a U.S. appeals court to stay a ruling that it must disclose documents regarding borrowing from its discount window and other “last resort” lending programs during the financial crisis. “The stay is necessary to permit the board to consult with the Department of Justice regarding an appeal to the Supreme […]

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Is There a Government Bond Bubble?

Posted by Tom Duncan
August 25, 2010

“YES, there is a government bond bubble. And it’s huge. Uncle Sam and his counterparts in the EU and Japan are broke and are, almost surely, going to print vast quantities of money to cover their enormous spending obligations. The printing presses are already working full time. The Fed, for example, has increased the monetary […]

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