Monday, 11 December 2017

Monthly Archives January 2012

Man Shot and Killed. Bullet Arrested.

Posted by Tyler Watts
January 31, 2012
in Blog

   Yahoo Finance writer Aaron Task told to carry water for the Fed, but instead writes an obfuscating apologia for inflationist institution. Aaron Task over at Yahoo Finance thinks he pulled a big “gotcha” on all those anti-Fed cranks out there with his article, “No, the Fed Does NOT ‘Print Money’.” What’s that, Mr. Task? […]

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No More Blood For Oil

Posted by Gonzalo Schwarz
January 31, 2012
in Blog

Is the world (starting with Iran) beginning to prefer gold? India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, DEBKAfile’s intelligence and Iranian sources report exclusively.  Those sources expect China to follow suit. India and China take about one million barrels per day, […]

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Like Bugs Looking For Windshields

Posted by admin
January 30, 2012
in Blog

Largest Central Banks Now Hold Over 15 Trillion in Fictitious Capital By Russ Winter01/27/2012 I could not help noticing that China’s imports from Japan fell 16.2pc in December. Imports from Taiwan fell 6.2pc. The strong yen strikes again: Honda decides to build a high-performance hybrid Acura in Ohio – instead of its home nation of […]

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Water Is Wet, and Other Breaking News

Posted by admin
January 30, 2012
in Blog

Central bank policy is obscuring market values, Warsh tells Stanford audience. By: Chris Powell, Secretary/Treasurer, GATA Dear Friend of GATA and Gold: Central banks are now so heavily influencing asset prices that investors are unable to ascertain market values, former Federal Reserve Board of Governors member Kevin M. Warsh told the Stanford University Institute for […]

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Medicine, or Poison? Real Inflation to Cure the Specter of Deflation

Posted by Gonzalo Schwarz
January 30, 2012
in Blog

by Thorsten Polleit I. The ongoing financial and economic crisis has not only stoked fears that it will end ininflation — as central banks will print up ever-greater amounts of money — but it has also given rise to a diametrically opposed concern: namely, that of deflation. For instance, in December 2011 Christine Lagarde, head of the International […]

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While You Were Reading This Headline…

Posted by Gonzalo Schwarz
January 27, 2012
in Blog

…the Federal Government just added $100 to your kid’s credit card debt. If you took the time to read this sentence also, there goes another $100.  And if you ask some bureaucrat how to end this, he will tell you to either have more children (to lower the per capita debt burden), or stop reading. […]

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The Financial System Drinking Game

Posted by Gonzalo Schwarz
January 27, 2012
in Blog

This will make you think twice about opening that bar tab. Explaining Modern Finance And Economics Using Booze And Broke Alcoholics Submitted by Tyler Durden on 01/27/2012 14:08 -0500 Courtesy of reszatonline, who brings us the following allegory by way of Tim Coldwell, we are happy to distill (no pun intended) all of modern economics and finance […]

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America’s Dirty Laundering

Posted by Tyler Watts
January 26, 2012
in Blog

 No matter how many times they clean it, the fresh ink stains just won’t go away. Forget, for a moment, about all the horrible economic damage the Fed is responsible for, according to its critics. News that just came out about the Fed’s massive payout to the Federal government ought to, by itself, raise the […]

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Are the Fed’s Zero-Interest Rate Policies Too Expensive?

Posted by Gonzalo Schwarz
January 26, 2012
in Blog

The cost to America’s economy, by destroying savings and price signals, is too great; the power of the Fed must be rolled back, then eliminated. By DAVID MALPASS @ The Wall Street Journal On Wednesday the Federal Reserve shared its thoughts on the course of interest rates—but not on the implications for the value of the dollar. […]

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Meet the New Federal Reserve Board Members…

Posted by Gonzalo Schwarz
January 26, 2012
in Blog

…definitely not the same as the old board members.   From CNNMoney: “It’s a new year. And that means a new, and probably less divided, Fed. The Federal Reserve is playing its annual game of musical chairs, rotating voting members on its policymaking committee. While the Fed board of governors and the president of the New […]

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What Does it Really Mean to “Peg” Money?

January 24, 2012
in Blog

For economics, money seems to be the exception to the rule, the thing that the market cannot provide by itself.  Therefore, it is said, the economist and the government must step into the market (in the form of a central banks and regulators) to manage the money supply and regulate the banking sector more skillfully […]

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Take the Gold Pill if you want to wake up.

Posted by Gonzalo Schwarz
January 23, 2012
in Blog

Is a new Gold-backed dollar the best way to begin phasing-out the Fed? John Allison is the former chairman and CEO of BB&T, the nation’s 10th-largest financial holding company. He was named one of the 100 most successful CEOs by the Harvard Business Review and since 2009 has been on the Wake Forest University Schools […]

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The battle for sound money needs a change of mind

Posted by Alex Chafuen
January 21, 2012
in Blog

If sound money was a corollary of the principles of the free society, an essential barrier to prevent government abuses, fiat currency is a natural consequence of the principle that there are no absolute truths: that law is a mere instrument of the state, that words can mean whatever the bureaucrats and the politically correct […]

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Auditing the Fed

Posted by Gonzalo Schwarz
January 21, 2012
in Blog

by Gary North I have posted a video of something I thought I would never see: all five of the Republican candidates for the U.S. Senate verbally demanding an audit of the Federal Reserve System.You can see it here. Bernanke is facing what no Federal Reserve chairman has ever faced: public awareness of the Federal Reserve […]

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Idle Resources Are the Devil’s Playthings

Posted by Gonzalo Schwarz
January 20, 2012
in Blog

If the State is so resourceful, why does it need to borrow and tax so much? The debate over the divine “multiplier” rages on.  Proponents argue that the economy is plagued with idle resources just sitting around collecting dust.  “Why, if the Private (read: Voluntary) Sector won’t pull its weight, the State must step in […]

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There Will Be Blood

Posted by Gonzalo Schwarz
January 20, 2012
in Blog

“We have today in my opinion, a symptom of inflation-of monetary inflation. And this is corporate profits have rebounded – they are at record highs. And the second symptom is essentially a bubble in high quality government bonds.” -Marc Faber While speaking with Bloomberg, investor Marc Faber describes the illusion that is the government bond […]

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How to Use the Dollar Index (DXY)

Posted by Gonzalo Schwarz
January 20, 2012
in Blog

Remember, you still need to pull the parachute ripcord even if your altimeter is broken. “The simple truth is the U.S. dollar is under increased assault from negative real interest rates, increased counterfeiting from the Fed and a national debt the government is attempting to inflate away–that truth isn’t made less painful just because a […]

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“I’d like the record to show that I think you’re pretty terrific, too.”

Posted by Gonzalo Schwarz
January 14, 2012
in Blog

-Tim Geithner to Alan Greenspan, moments after Greenspan handed him the keys to a sports car with no brakes. Inside the Fed in 2006: A Coming Crisis, and Banter By BINYAMIN APPELBAUM | New York Times    WASHINGTON — As the housing bubble entered its waning hours in 2006, top Federal Reserve officials marveled at the desperate antics […]

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The American Government owes more money than there is in the world.

Posted by Gonzalo Schwarz
January 12, 2012
in Blog

Have you ever wished you had all of the gold in the world?  Or that you had the courage to put everything you owned on one spin of the roulette wheel?  Well, what if you did, and won, and you were still broke again by June?  Welcome to the world made possible by unsound money: […]

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So Much for a Stable Currency…

Posted by Gonzalo Schwarz
January 12, 2012
in Blog

Market Implies Greek Devaluation To 1530 Drachma Versus Euro Submitted by Tyler Durden on 01/12/2012 13:09 -0500 On the day when Greek 1Y yields broke above 400% for the first time, a consideration of just what Greece would look like post-exit is perhaps fruitful. Looking at hypothetical forward rates (generated from covered interest rate parity between EURUSD FX […]

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DiLorenzo on Sound Money

Posted by Gonzalo Schwarz
January 12, 2012
in Blog

Presented by Thomas DiLorenzo at “Depression, Monetary Destruction, and the Path to Sound Money”: the Mises Circle in Greenville, South Carolina, 3 October 2009. Sponsored by Atlantic Bullion and Coin, and Professional Planning of Easley, LLC. image from mises.org

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The Prospects for Sound Money

Posted by admin
January 11, 2012
in Blog

by Tim Kelly A silver lining of the global economic crisis is that millions of people have been awakened to the importance of sound money to a modern economy. The housing bubble and subsequent bust, excessive leveraging, reckless speculation, and the sovereign-debt crisis afflicting Europe and the United States would all have been averted had […]

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Was 2011 a Dud or Springboard For Gold?

Posted by Gonzalo Schwarz
January 11, 2012
in Blog

2011 was remarkable in many ways for the precious metals markets. Gold soared to new highs in early September, hitting at an intraday record of $1,920/ounce on the fifth. Silver screamed to within a hair of $50 on April 28. Corrections ensued, and the metals ended the year on a disappointing note for silver and […]

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Judge Orders a Return to Sound Money

Posted by Gonzalo Schwarz
January 11, 2012
in Blog

Judge Andrew Napolitano, on his Fox Business channel show “Freedomwatch,” argues for a return to the gold standard.     image: Salvatore Vuono/ FreeDigitalPhotos.net

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Some Gold Standard Technical Discussions

Posted by Gonzalo Schwarz
January 9, 2012
in Blog

I’ve been having some discussions with a friend about technical operating mechanisms for a gold standard system. What would be best? In some of my recent writing for Forbes.com, I’ve made the point that a “gold standard system” is actually a rather broad and vague term. It means a policy of maintaining a currency’s value […]

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Questions About a Free Banking Gold Standard

Posted by Gonzalo Schwarz
January 9, 2012
in Blog

Discussion about the gold standard often has advocates and critics talking past one another. One of the reasons is that there are members of both groups who do not know or, during the heat of argument, do not acknowledge that there have been many varieties of the gold standard. A free banking gold standard differs […]

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Bernanke’s Mind Blown As He Realizes Money Just A Symbolic, Mutually Shared Illusion

Posted by Gonzalo Schwarz
January 9, 2012
in Blog

WASHINGTON—The U.S. economy ceased to function this week after unexpected existential remarks by Federal Reserve chairman Ben Bernanke shocked Americans into realizing that money is, in fact, just a meaningless and intangible social construct. What began as a routine report before the Senate Finance Committee Tuesday ended with Bernanke passionately disavowing the entire concept of […]

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European Budget Pact: Right Diagnosis but Wrong Tool?

January 4, 2012
in Blog

Other than Germany and France the European countries seem to be in a holding pattern following the agreements between Germany and France. These two countries seem to be driving the crisis and the future of the Euro. After saving the Euro more than once, the last summit made clearer the two paths that Europe may […]

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Uncle Sam Brewster’s Millions

Posted by Gonzalo Schwarz
January 4, 2012
in Blog

Intrepid investigative journalists have just uncovered the reason that Uncle Sam has been spending at such a rapid pace: it turns out that China had promised to fund our Welfare State here in the United States for 10 years if the USG was able to spend $900,000,000,000 before today, January 5th, 2012.  Thankfully, we’re only […]

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Hyperinflation, Alive and Well

Posted by Gonzalo Schwarz
January 4, 2012
in Blog

by Vern McKinley January 1st, 2012 11:19 pm In my initial post last May I mentioned I would discuss some of the economic environments that I have worked in as part of my consulting work. I have some very clear memories about inflation in the US from the late 1970s and early 1980s. I worked in a grocery […]

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China to Remonetize Gold?

Posted by admin
January 4, 2012
in Blog

China’s banks use gold as legal currency A prominent economist says that China’s economic importance is growing strong and steady that the ailing US and EU economies will exchange their gold reserves for Beijing’s financial bailouts. G-20 leaders are facing growing pressure at home over the economic woes of their countries, where protests are being […]

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The Founding of the Federal Reserve

Posted by Gonzalo Schwarz
January 4, 2012
in Blog

Lecture presented Murray N. Rothbard at the Ludwig von Mises Institute’s “Seminar on Money and Government” conference held at the University of Houston in Texas; October 27, 1984. http://mises.org Murray N. Rothbard (1926-1995) was America’s greatest radical libertarian author — writing authoritatively about ethics, philosophy, economics, American history, and the history of ideas. He presented the […]

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