Tuesday, 12 December 2017

Dollar

Escape from the Central Bank Trap

Posted by Daniel Lacalle
May 10, 2017
in Blog

Cheap money becomes very expensive in the long run. In my new book, “Escape from the Central Bank Trap” (Business Expert Press), I explain that central banks are using the same inflationary policies that led us to the financial crisis. However, this time, these policies put us at an even greater risk. The monster bubble […]

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Thoughts on Jefferson and the Dollar at Monticello

Posted by Gonzalo Schwarz
February 11, 2014
in Blog

The following speech was given by Dr. Judy Shelton on January 30th, at the Jefferson Library in Thomas Jefferson’s Monticello: [Dr. Shelton] Thank you very much, very pleased to be here. It’s an honor to be introduced by Andrew O’Shaughnessy… I taught with your father, who is professor emeritus at the graduate business school at […]

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What Is a Dollar?

Posted by Gonzalo Schwarz
April 22, 2013
in Blog

by EDWIN VIERA Mr. Vieira is an attorney specializing in constitutional law. He is the author of numerous publications on monetary law. This is a condensed version of the monograph “What Is a Dollar?,” distributed by the National Alliance for Constitutional Money. All rights to this condensed version are reserved by the National Alliance for […]

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2012 Currency Rankings In Terms of Gold

Posted by Devin Roundtree
January 2, 2013
in Blog

by Devin Roundtree Now that 2012 has come and gone, here are the 15 most traded currencies ranked by their performance against the yellow metal. Among the top performers, the New Zealand dollar and Swedish Krona should not come as a big surprise; the central banks of both countries have gained a reputation for relatively […]

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We’re All Currency Manipulators Now

Posted by Gonzalo Schwarz
November 29, 2012
in Blog

by Azizonomics The BBC reports: The US has decided not to declare China as having manipulated its currency to gain an unfair trade advantage. But the Treasury did say that China’s currency, the yuan, remains “significantly undervalued” and urged China to make further progress. In its semi-annual report, it said Beijing did not meet the criteria […]

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Is the Fed Playing Chicken with Inflation?

Posted by Devin Roundtree
November 9, 2012
in Blog

According to the Bureau of Labor Statistics, consumer prices have risen only 2% since this time last year. But according to my eyes this is nonsense. For example, over the last month I have twice experienced the effects of large price increases with regards to America’s favorite poultry, chicken. During one weekend I was desperate […]

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Currencies: Re-evaluating the ghost of gold

Posted by Gonzalo Schwarz
October 12, 2012
in Blog

From the ChinaPost.com.tw: Imagine if, over time, as our solar system swings around the Sun, the planet Jupiter suddenly put on a tremendous amount of weight. Over time the gravitational pull of the planets — and the Sun — would begin spinning around Jupiter, causing great celestial upheavals in the process. Nobel laureate Robert Mundell […]

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Signs of the Gold Standard Emerging in China?

Posted by Gonzalo Schwarz
October 12, 2012
in Blog

by Ralph Benko As noted in last week’s column about the rising recognition by authorities in Germany about the virtues of gold, the gold standard is receiving impressive new recognition internationally. The GOP plank calling for a commission to study “possible ways to set a fixed value for the dollar” — with an unmistakable nod to gold — […]

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What Will Benefit From Global Recession? The US Dollar

Posted by Gonzalo Schwarz
October 9, 2012
in Blog

A very interesting article by Charles Hugh Smith of the Of Two Minds blog, and in line with the view that, even as all of the ships sink, the last one to go down will look very good for a while. For this reason the US dollar will be the beneficiary of the Euro’s distress, […]

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Central Banks Race to BUY Gold At Record Pace

August 21, 2012
in Blog

This must be more evidence of Bernanke’s “tradition.” The Olympics may be over, but central banks around the world have begun a race to buy gold and are doing so at the highest level in decades. The World Gold Council recently announced that central banks officially bought 157.5 tonnes of gold, equivalent to just over […]

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Ryan: Boon or Bane for U.S. Dollar?

Posted by Gonzalo Schwarz
August 17, 2012
in Blog

Good news: Vice Presidential candidate Paul Ryan may put the focus of the presidential campaign on the sustainability of the U.S. budget. Bad news: Ryan’s plan delivers some tough medicine; if the European experience is any guide, “austerity” makes bad politics. What are the implications for the U.S. dollar? The Ryan budget addresses a key […]

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Gold and The Central Banks: The Game Theory

Posted by Gonzalo Schwarz
May 24, 2012
in Blog

“Collectively, the central bankers of the world might agree that they do not want gold to be remonetized. Individually, it is in their interest to defect from this consensus. As the American Century decays, individual motivations tend to become more prominent. You and I are not in a free market – but the central banks […]

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Can We Get Inflation AND Deflation at the Same Time?

Posted by Gonzalo Schwarz
May 23, 2012
in Blog

Submitted and © by Keith Weiner of the New Austrian School of Economics Dollar Backwardation The current financial crisis, may progress to a phase where people demand and hoard dollar bills but take electronic deposit credits only at a discount which increases until electronic deposit credits are repudiated entirely.  The Federal Reserve would be powerless […]

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The US Dollar Vs. Gold

Posted by Gonzalo Schwarz
April 27, 2012
in Blog

by Jim Willie CB – Hat Trick Letter   The so-called Global Financial Crisis is a term so widely used that it has earned its own acronym of GFC. When first seen, it seemed like girl friend club or some such, since many friends use GF loosely to refer to sweethearts. The GFC is falsely named, since it is more accurately […]

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Is There No Escape from the Euro?

Posted by Gonzalo Schwarz
April 27, 2012
in Blog

by Philipp Bagus As I discussed recently, the costs and risks of maintaining the eurozone system are already immense and rising. So is an exit possible? Intuitively, the exit from the euro should be as easy as the entrance. Joining and leaving the club should be equally simple. Leaving is just undoing what was done before. Indeed, many popular […]

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Class Dismissed

March 30, 2012
in Blog

We hear all about the fading middle class, but the fading UPPER class? It seems like the only class doing well is the Political class. by Devin Roundtree It is true that the poor have gotten poorer, but so have the rich. Despite what government statistics say, incomes across the board are not at historic […]

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Ron Paul and the Martian Atmosphere Machine

Posted by admin
March 22, 2012
in Blog

“Bernanke, give these people air!” by John DeFeo Ron Paul has staked his presidential hopes on a few key issues, among the most prominent being monetary policy. The feisty Texas congressman has had his share of ideological head-butting with Federal ReserveChairman Ben Bernanke, but if these encounters have generated a few amusing sound bites, they have failed […]

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Sound Money Interview Series: Dr. Judy Shelton

Posted by Gonzalo Schwarz
March 12, 2012
in Blog

Treasury Trust Bonds.  Two out of three won’t cut it anymore. We sat down with Dr. Judy Shelton, Co-Director of the Sound Money Project, and discussed the US Dollar, the coming demographic and fiscal disaster, and her plan to begin moving the country back to sound money. First, what it all means in 3 minutes […]

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Vicious Armed Robbery versus Sweet, Sweet Embezzlement

Posted by Gonzalo Schwarz
February 27, 2012
in Blog

All We Like Sheep   A classic by Joseph Sobran fitzgerald griffin foundation Once upon a time, my father bought Time magazine every week, as I do now. He paid 20 cents per issue; I’m paying $3.95. In my teens I bought paperback editions of Shakespeare’s plays for 35 cents each; now they cost about five bucks. I’m […]

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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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What the Price of Gold Means

Posted by Tyler Watts
December 19, 2011
in Blog

It’s amazing how so many people don’t get gold. It’s only been 40 years since the dollar was completely severed from it’s once proud golden heritage, yet most finance and econ people are wont to consider gold just another commodity—and a not very “useful” one at that. Thus they speak of “investing” in gold as […]

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The shrinking dollar: who should go to the shrink?

Posted by Alex Chafuen
August 22, 2011
in Blog

Until recently, paper money advocates regarded those who pushed for letting the market choose gold or defining the monetary yardstick as a certain amount of gold as lunatics.  Look at this video and see who should be sent to the psychiatrist http://www.youtube.com/watch?v=jDXjWH836-4&feature=player_embedded The shrinking dollar

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Gold Standard or Bust

Posted by Intern
July 25, 2011
in Blog

Article and photo originally published at The Weekly Standard August 1, 2011 As the truth-or-dare battle over raising the debt ceiling moves toward a resolution of some sort, we are witnessing a unique political moment, with attention finally riveted on our nation’s fiscal future. We are about to learn whether there is such a thing […]

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Sovereign Debt Pressure

July 6, 2011
in Blog

The European countries seem to be facing a road with no easy exit. One on side they are facing fiscal deficits. On other side they are already dealing with an important debt amount that can hardly be sustained, as the case of Greece is showing these days. On even another front, governments are facing strong […]

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Greece and the Lost Opportunity of the Euro

June 23, 2011
in Blog

With the financial crisis affecting the United States and Europe, here and there are comments and concerns on what could happen with the dollar, the euro and even the international monetary order. With politicians and economists warning that the financial crisis can become the worst economic situation since the Great Depression, this concerns comes with […]

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“Drifting Back to Gold Standard” – Hindu Business Line

Posted by Tom Duncan
May 20, 2011
in Blog

“After 1914, the gold standard was given up and in the 1920s countries unabashedly resorted to unbridled fiat money resulting in hyper-inflation in a number of European countries. World War II resulted in the virtual demise of the sterling as a reserve currency, and since then the US dollar has held sway as the dominant […]

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“Forbes Predicts US Gold Standard Within 5 Years” – Human Events

Posted by Tom Duncan
May 11, 2011
in Blog

“A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills, Steve Forbes predicted during an exclusive interview this week with HUMAN EVENTS. “What seems astonishing today could become conventional wisdom in […]

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“China Warns of ‘Dollar Trap'” – Fortune

Posted by Tom Duncan
March 31, 2011
in Blog

“A top Chinese economist warned that the world has fallen into a “dollar trap,” as U.S. trading partners lack an alternative to the greenback and can’t prevent the Federal Reserve from printing more money. The arrangement means big holders of dollars – such as China, which holds some $3 trillion of foreign exchange reserves, mostly […]

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“How Much Purchasing Power Has the Dollar Lost? Take a Look”

Posted by Tom Duncan
March 23, 2011
in Blog

“When the Federal Reserve began telegraphing late last summer that it would launch a new round of monetary stimulus to help the U.S. economy, Wall Street assumed that the dollar would be the sacrificial lamb. More money in the financial system, after all, would be expected to depress the greenback’s value against other currencies. But […]

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“Inflation and You” – Ludwig von Mises

Posted by Tom Duncan
March 11, 2011
in Blog

“The first fact that needs to be noted in answering such questions is that inflation is detrimental to all creditors. The higher prices rise, the lower will fall the purchasing power of the principal and interest payments due. The dollar which was loaned out had a higher purchasing ability, could provide more goods, than the […]

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Our Fed Chairmen and Our Money

Posted by Andrew Mack
March 9, 2011
in Blog

Last Friday morning on CNBC’s Squawk Box the honorable former Fed Chairman Alan Greenspan was interviewed. He was asked about the role that gold is playing in financial markets. He stated that what we have are “two faulty fiat currencies”, referring to the Dollar and the Euro. Greenspan did not elaborate on why they are […]

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“Why Dollar’s Reign Is Near An End” – WSJ

Posted by Tom Duncan
March 3, 2011
in Blog

“The greenback, in other words, is not just America’s currency. It’s the world’s. But as astonishing as that is, what may be even more astonishing is this: The dollar’s reign is coming to an end. I believe that over the next 10 years, we’re going to see a profound shift toward a world in which […]

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“Ron Paul to Bernanke: ‘Define the Dollar'” – WSJ

Posted by Tom Duncan
March 2, 2011
in Blog

“Long-time Fed basher Rep. Ron Paul (R., Texas), who wrote a book titled “End The Fed,” squared off Wednesday with Fed Chairman Ben Bernanke at a hearing on Capitol Hill and wasted little time going after the central bank. “The real cause of price inflation, which is a deadly threat to us right now, is […]

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“Commodity-Price Gains Dog Bernanke’s Inflation” – WSJ

Posted by Tom Duncan
March 2, 2011
in Blog

““I just see a continuation of rising prices for the average family,” at a time where the Fed is constructing policies to ward off what it sees as the threat of deflation, Sen. Bob Menendez, a New Jersey Democrat told Bernanke. When told by Bernanke that core inflation levels were quite low and Fed policies […]

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“Gold and Money” – Warren Gibson

Posted by Tom Duncan
March 2, 2011
in Blog

“Nothing seems to arouse passions—pro and con—quite like suggestions that gold should once again play a role in our money. “Only gold is money,” says one side. “It’s a barbarous relic,” says the other. Let’s turn down the heat a bit and look into some propositions about gold. That should lead us to some reasonable […]

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“Same Old Song and Dance” – FEE

Posted by Tom Duncan
February 28, 2011
in Blog

“Friedman, as with the other papers that day, found inflation to be a massive problem. In fact, next to the threat of a third world war, inflation is what he finds to be the most serious threat to the preservation of a free society. Friedman believed the source of inflationary pressure mainly stemmed from calls […]

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“Dollar’s Fall Rocks Far-Flung Families” – WSJ

Posted by Tom Duncan
February 25, 2011
in Blog

“The world’s currencies are gyrating, but the strains are being felt beyond financial capitals and corporate boardrooms. Millions of families in developing countries rely on relatives sending dollars, euros and other weakened currencies from abroad to prop up spending at home.” Read more.  “Dollar’s Fall Rocks Far-Flung Families”  James Hookway  Wall Street Journal, February 25, […]

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“Not Just Another Article Espousing the Gold Standard” – Forbes

Posted by Tom Duncan
February 11, 2011
in Blog

“America has what’s known as fiat currency. We now trust in the fallible humanity occupying the Fed and Treasury. Fiat currency has opened the door to any manner of mischief. As John Locke warned, America has left herself exposed to “the inconstant, uncertain, unknown, arbitrary will of . . . man.” Government, unlike gold, is […]

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“IMF Calls for Dollar Alternative” – CNNMoney

Posted by Tom Duncan
February 11, 2011
in Blog

“The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be […]

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Dollar Based Free Banking: A Possible Road to Sound Money?

February 10, 2011
in Blog

In The Theory of Free Banking (1988), George Selgin offers a monetary reform proposal to go from the actual monetary system based on a monopolistic control of money to a competitive banking system (pp. 164-172). There are different reasons (economic, institutional, political, psychological, etc.) why the return to banking based in a commodity like gold […]

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The Wrong Way to Double Exports – Judy Shelton

Posted by Judy Shelton
January 26, 2011
in Blog

Beware of President Obama’s call for a doubling of U.S. exports over the next five years as a way to reduce the unemployment rate. The obvious quick route to export success for any nation is to depreciate its currency. Dollar depreciation is already being pushed by the Obama administration as the key solution for resolving […]

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“Appreciating China’s Currency” – Griswold

Posted by Tom Duncan
January 20, 2011
in Blog

“China’s President Hu Jintau arrives in Washington today for a state visit, turning the spotlight once again on U.S.-China trade and China’s allegedly undervalued currency, the yuan. Not one to let such an opportunity go to waste, Sen. Charles Schumer (D-N.Y.) is introducing legislationthat would threaten to impose duties on imports from China if the […]

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“Question 4: Hu Jintao raises an important issue” – William Kristol

Posted by Tom Duncan
January 18, 2011
in Blog

“Hu goes on to discuss the RMB and inflation, but that’s not particularly interesting. What’s thought-provoking is his claim that “the current international currency system is the product of the past.” China hawks and American hegemonists (I’m both) will be tempted to jump on this statement as a challenge to the U.S., which in a […]

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“Fed Policy, Emerging Market Inflation Keep Gold’s Buzz in 2011” – Forbes

Posted by Tom Duncan
January 6, 2011
in Blog

“Another source of demand could be central banks. The IMF’s sales quota will run its course and possible sellers like the German Bundesbank and the Swiss National Bank have said they have no intention of unloading bullion, HSBC says. Meanwhile, Asian central banks, particularly China and India have developed a greater appetite for gold in […]

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“Dollar hits new high against greenback” – Australia

Posted by Tom Duncan
January 3, 2011
in Blog

“The Australian dollar reached the highest since the currency was freely floated in 1983 as US data spurred speculation global growth is gathering momentum, boosting demand for currencies with higher-yielding assets. The Aussie traded above parity with the US dollar for an eighth-straight day after copper prices climbed to record levels, boosting export prospects for […]

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Fed Swap Lines Purposefully Keeping Dollar Weak

Posted by Tom Duncan
December 23, 2010
in Blog

“In layman’s terms, we can think of a swap line as a standing guarantee of U.S. dollar liquidity. If you (as a central banker) ever need greenbacks in a pinch, you know you’ll be able to procure them instantly, no matter how “tight” the open market may be. This standing guarantee reduces the odds of […]

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“Money Rules” – Scott Sumner

Posted by Tom Duncan
December 17, 2010
in Blog

“There is no laissez faire in fiat money. If the Fed holds the money supply constant, it will be changing the interest rate and the price level. And if it holds interest rates constant, it loses control over the price level and money supply. As a result, many economists now favor some sort of inflation-targeting […]

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“Dollar Weakens Versus Euro as Treasury Yields Decline Before Fed Meeting”

Posted by Tom Duncan
December 10, 2010
in Blog

“The dollar fell against the euro, paring a weekly gain, on speculation Federal Reserve policy makers on Dec. 14 will discuss a plan to extend Treasury purchases to support growth. The dollar dropped as benchmark Treasury yields declined for a second day, damping the allure of U.S. assets. Fed officials announced last month a $600 […]

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A Guide to Sound Money

_SMP_guide_smallThe Atlas Economic Research Foundation is proud to introduce A Guide to Sound Money.

Click here to download a PDF of the guide

This pocket guide, co-published byAtlasFreedomWorks, offers a concise, powerful introduction to Sound Money principles. Its easy-to-read and compact style makes it a great primer for distribution at conferences and public meetings, where you can help Atlas kindle grassroots interest and activism in the direction of stronger money. The Guide is intended for both educational use by the broader public and as a resource for policy makers when considering monetary issues.

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