“2017 is going to be a bumpy ride, and Trump will make a great scapegoat for what the elite have in store.”
Source: “He Won Because The Elites WANT HIM There, The Global Economy WILL Collapse”
Archive for the ‘U.S. Dollar’ Category
Clueless central bankers
02
Sep
“As The World Economy Is Burning Central Bankers Are Clueless By Egon von Greyerz The more things change, the more they stay the same. The financial world loves focusing on some future event that the…”
Source: As The World Economy Is Burning Central Bankers Are Clueless | GoldSwitzerland
Got cash?
24
Aug
“Starting today, the Royal Bank of Scotland will become the first bank in the U.K. to impose a negative interest rate on depositors.”
Source: The Blessing of Cash
Field trip with my colleagues to the Museum of American Finance
19
Jul
I spent this morning with three of my colleagues visiting the American Museum of Finance on Wall Street, down the street from the NYSE, the Trump building and a couple of blocks form the New York Fed. Last week I joined the AMOF and will organize a trip in September for my Financial History of the US course. I urge you to join at www.moaf.org
Below are some pictures I took inside the museum. If you will be visiting NYC, I highly recommend spending some time viewing the exhibits, which show how American finance was instrumental in creating our prosperity.
Bull and bear tug of war
Evolution of paper money
Gold, real money
Statue of Hamilton next to a room housing a collection of his works
US Dollar RIP?
15
Jul
Will all the Federal Reserve’s money printing lead to big collapse?
Source: Get Ready for Dollar Destruction and the End Game
Central bankers never learn
11
Jul
“The reason why anyone would buy negative-yielding debt is actually pretty simple: Because they have to.”
Source: Negative rates leading to ‘day of reckoning’ fear on Wall Street
Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard
28
Jun
Greenspan is reverting to his 1966 analysis, Gold and Economic Freedom.
“We’re dealing now in very early days a crisis which has got a way to go. If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we’d be fine. Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we’ve had in the United States, and that was a golden period of the gold standard.”
Source: Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard
Boycott the banks and money market funds?
30
Mar
I have been teaching Corporate Finance I, the introductory Finance course at Ramapo College’s business school, since 1985. In the textbook’s chapter on interest rates, which is a standard discussion in all textbooks, students learn that the following equation, r = r* + IP. In other words, the nominal interest, rate, r, the rate earned on risk-free debt (such as three month U.S. Treasury bills) equals the real rate of interest (the rate mutually agreed upon by borrowers and lenders in a free market) plus an inflation premium. (For non-risk free debt there are additional premiums, liquidity, default, etc.)
If history is a guide, Obama is toast in 2012
23
Aug
The latest Gallup Poll shows President Obama running neck and neck with top-tier Republican candidates Ron Paul, Mitt Romney, Rick Perry and Michele Bachmann for the presidency in 2012. This is not surprising given the state of the economy, the out-of-control federal spending, the ballooning federal debt, the $1 trillion budget deficits, the frenetic money printing and the endless wars overseas. No matter who the GOP standard-bearer is in 2012, President Obama will be defeated next year if history is our guide.