Federal Reserve to keep adding stimulus. Three more Federal Reserve officials reaffirmed Friday that the central bank does not want to take away monetary stimulus too soon, counter to the impressions left by Chairman Ben Bernanke’s press conference last week. The Fed “is not only leaving the punch bowl in place, we’re continuing to spike the ... MORE
Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts
Joseph Lawler: The Money Printers To Work Overtime
Federal Reserve to keep adding stimulus. Three more Federal Reserve officials reaffirmed Friday that the central bank does not want to take away monetary stimulus too soon, counter to the impressions left by Chairman Ben Bernanke’s press conference last week. The Fed “is not only leaving the punch bowl in place, we’re continuing to spike the ... MOREPeter Schiff: Record Physical Gold Sales
Best hedge against inflation. Peter Schiff appeared on Fox Business this morning to talk about the market’s perception of gold, the extraordinary surge in gold sales this month, and hidden inflation in the US and Japan. “Gold has been up for 12 consecutive years. It’s entitled to a correction. It’s incredible how the media has jumped all over ... MOREHappily Beyond The Days Of Ron Paul's Lonely Crusades
by Nathan Lewis. On March 14, H.R. 1176, the “Centennial Monetary Commission Act of 2013,” was presented in Congress. It has thirteen sponsors. Thirteen is a good number. We are already beyond the days of Ron Paul’s lonely crusades, of only a few years ago. The bill aims to “establish a commission to examine the United States monetary policy, ... MORER Rahn: More Government Control Equals Poorer Nations
A free market tutorial from, of all places, Moscow. An upside down world. Here I am, in my London hotel
room, watching an English-language financial program being broadcast
from Moscow on RT (Russian TV). The program host is correctly berating
the heads of the major Western central banks for acting like socialists
in setting interest rates and ... MOREJon N. Hall: A Currency As Good As Gold
The custodians of our currency are abusing it. The nifty thing about a gold-backed currency is: they aren't making any more gold. The alchemists have tried to make the stuff, but have failed. Of course, a currency can be backed by other precious metals, like silver. But the supply of those other metals isn't getting any bigger either. ... MORENathan Lewis: 40 Years Of Floating Money
40 years of the average worker getting poorer. The reason we have floating currencies today is to enable economic management via currency manipulation. Central banks attempt to guide macroeconomic factors like unemployment, economic growth, interest rates, inflation and so forth by jiggering the currency. This idea is very old, ... MORE
Katie Kieffer: Push The Fed Over The Cliff
Stop worrying about the ‘fiscal cliff.’ Spending cuts would feel
therapeutic after watching Standard & Poor's and Egan-Jones
downgrade our credit rating and seeing President Obama add $6 trillion
to the national debt. The way to avert another recession and massive
inflation is to eliminate the unconstitutional Federal Reserve. There are ... MOREBrian Domitrovic: Inequality Is The Child Of Fiat Money
The Federal Reserve is the problem. For a while there, it looked like the 2012 election was going to be a referendum on economic inequality. This would have been weird, in that economic growth and its twin, employment, are the clear issues of choice in these years of torpid economic recovery. Had President Obama succeeded in making ... MORE
Ralph Benko: Signs Of The Gold Standard Emerging In China
Is the road to prosperity paved with gold? 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” -- is ... MORE
VIDEO: Milton Friedman - Principles Of Trade
Professor Friedman on imports, exports and exchange rates.
John Stossel: Let's Give The Fed Some Competition
Pssst. Want to buy some Stossels? They're my own currency with my face on them. Why should you trust them? Because I promise to redeem them for gold. And I'm reliable. I have money in the bank and a job that brings in more than I spend. By contrast, the politicians who back American currency run an unsustainable deficit. The Federal Reserve prints so much ... MORE
Paul Streitz: Rise In Oil Prices & The Decline Of The Dollar
The seen is oil prices. The unseen is decline of the dollar. The rise in oil prices is not due to the laws of supply and demand regarding oil. It is the result of the continued fall of the dollar. As the Federal Reserve creates more money, the value of the dollar falls. As the value of the dollar falls and oil producers demand more and more for each barrel ... MOREJacob Hornerger: Libertarians Vesus Liberals On The Poor
Incentives to produce are the key. Wouldn't it be great to have national debate between liberals and libertarians over whose philosophy and policies help the poor? For decades liberals have claimed that the welfare-state/regulated-economy way of life helps the poor. That has been the major rationale for the statist way of life under which we have all been ... MOREViDEO: Harry Browne - The Coming Devaluation
Insightful economic conversation (taped 9-3-70) remains relevant today.
Note Mr. Browne predicts that, "as an act of economic desperation," our government will have to "renege on their promise to foreign governments to pay one ounce of gold for every $35 turned in at the Treasury." On August 15, 1971, the Nixon Administration did so.
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