Sunday, 20 August 2017

Debt

Bernanke Hangs Loose

Posted by Gonzalo Schwarz
December 26, 2012

by Frank Shostak On Wednesday December 12, 2012 Fed policy makers announced that they will boost their main stimulus tool by adding $45 billion of monthly Treasury purchases to an existing program to buy $40 billion of mortgage debt a month. This decision is likely to boost the Fed’s balance sheet from the present $2.86 trillion […]

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Phase Out the Fed With Sound Money Laws

Posted by Gonzalo Schwarz
August 20, 2012

Although it is very encouraging that the House voted 327 to 98 to audit the Fed last month, it is virtually certain that the Senate will not concur this year. Moreover, it is virtually certain that Congress will not act to end or phase out the Fed any time soon. So, what’s to be done about […]

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David Stockman on the Debt Supercycle and Unsound Money

Posted by Gonzalo Schwarz
July 24, 2012

At the latest Casey Research Conference, “Recovery Reality Check” in Weston, Florida, Casey Research’s Chief Technology Investment Strategist Alex Daley sits down with David Stockman, former Director of the Office of Management and Budget under President Ronald Reagan.   For more visit the cobdencentre.org… image: flickr.com/newamerica

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Power to China in the I.M.F. – Does this mean Gold to be Mobilized?

Posted by Gonzalo Schwarz
June 22, 2012

by Julian D. W. Phillips  Contributions to the I.M.F. Come with Conditions  While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F. China is contributing $43 billion, so as it races to become the world’s leading economic and financial nation it wants a bigger part of the decision making process, commensurate with its rising power. So the first question to be asked is, “Will it get it?” The emerging countries –China, Brazil, Mexico, India and Russia— announced contributions to the IMF’s global firewall, nearly doubling the fund’s resources to $456 billion, at the G-20 summit in Mexico this last weekend as global efforts to restore confidence in the […]

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Lies, Damn Lies, and Government Statistics

Posted by Gonzalo Schwarz
June 11, 2012

Just counting something as a part of “GDP” doesn’t actually make it a “product.” by Peter Schiff Last week in an interview on CBS Network News, Economist Mark Zandi, the chief economist for Moody’s, unwittingly revealed a central error of the global economic establishment. Zandi has made a career out of finding the middle ground between republican and […]

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The CBO Will Need A Bigger Chart To Forecast Exponentially-Rising US Debt

Posted by Gonzalo Schwarz
June 6, 2012

 “They’re gonna need a bigger chart!” Submitted by Tyler Durden Courtesy of previous Zero Hedge disclosures, namely that the CBO has been in the past bothperpetually and grossly overoptimstic (their 2001 forecast of 2011 public debt was negative $2.4 trillion; instead the real number was positive $10.4 trillion, a delta of only $12.8 trillion) as well as explicitly biased by political and financial […]

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