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Archive for the ‘Central banks’ Category

Calling Bernie, read this book

25 Jul

“Last month, Philipp Bagus and Andreas Marquart released their new book…”

Source: Our Monetary System Favors the Rich and Hurts the Poor | Mises Wire

 
 

San Francisco Review of Books: Socialism Destroyed

22 Jul

Robert Wenzel reviews Tom DiLorenzo’s new book.

Source: San Francisco Review of Books: Socialism Destroyed

 

A gloomy assessment of the future

20 Jul

“Six Major Events That Will Change History By Egon von Greyerz   Investors globally have never faced risk of the magnitude that the we are now exposed to. But sadly very few are aware of the un…”

Source: Six Major Events That Will Change History | GoldSwitzerland

 
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Posted in Business cycle, Central banks, Crony capitalism, Debt, Economy, Federal Reserve, Inflation, Money, Politics

 

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

Evolution of paper money

Gold, real money

Gold, real money

Statue of Hamilton next to a room housing a collection of his works

 
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Posted in Banks, Central banks, Crony capitalism, Economy, Federal Reserve, Gold standard, Government debt, Money, Politics, U.S. Dollar

 

Ron Paul explains why Fed-exit would end the manipulation of the economy

18 Jul

Source: Don’t Reform the Fed, Fed-Exit!

 
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Posted in Central banks, Crony capitalism, Economy, Federal Reserve, Inflation, Interest rates

 

Goodbye Lenin, Hello Bernanke

18 Jul

How will Ben be remembered?  The great statist.

“In the space of a mere eight years, the former US Federal Reserve Bank Chair Ben Bernanke has managed to achieve what Vladimir Lenin could barely conceive.”

Source: Goodbye Lenin, Hello Bernanke

 
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Posted in Business cycle, Central banks, Crony capitalism, Economy, Free markets, Interest rates

 

Debt is crushing the global economy

17 Jul

“Max Keiser Financial War Reports”

Source: [KR940] Keiser Report: Gold & World’s Debt Problems | Max Keiser

 
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Posted in Business cycle, Central banks, Debt, Economy, Federal Reserve, Free markets, Gold standard, Government debt, Inflation, Interest rates, Money, Politics

 

Wild money printing

17 Jul

“One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks.  If you’re unfamiliar with this erudite form of monetary policy this may sound rather fantastical.  But, in certain economies, this…”

Source: Destination Mars | Economic Prism

 
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Posted in Banks, Business cycle, Central banks, Crony capitalism, Economy, Free markets, Inflation, Politics, Stock market

 

A pessimistic perspective: war and economic turmoil

17 Jul

“On the surface, things seem pretty quiet in mid-July 2016.  The biggest news stories are about the speculation surrounding Donald Trump’s choice of running mate, the stock market in the U.S. keeps setting new all-time record highs, and the media seems completely obsessed with Taylor Swift’s love life.  But underneath the surface, it is a very different story.  As you will see below, the conditions for a “perfect storm” are coming together very rapidly, and the rest of 2016 promises to be much more chaotic than what we have seen so far. Let’s start with China.  On Tuesday, an international tribunal in the Hague ruled against China’s territorial claims in the South China Sea.  The Chinese government announced ahead of time that they do not recognize the jurisdiction of the tribunal, and they have absolutely no intention of abiding by the ruling.  In fact, China is becoming even more defiant in the aftermath of this ruling.  We aren’t hearing much about it in the U.S. media, but according…”

Source: War Is Coming And The Global Financial Situation Is A Lot Worse Than You May Think

 

Gold is on a roll because real interest rates are negative

16 Jul

unnamedGold is in the second major bull market since President Nixon severed the last link between the dollar and gold on August 1971.  With negative interest rates around the world and real interest rates negative, gold will boom, again.

In the 1980s and 1990s real interest rates were positive and stock markets were booming, hence gold went nowhere.  That alla chnged at the turn of the century.

 

 

 
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Posted in Central banks, Gold standard, Inflation, Interest rates, Money

 

Here’s how the Fed could surprise you

15 Jul

Central banks’ manipulations are causing enormous distortions in the financial markets and the economy.  The next bubble bursting will be HUGE.

“Markets don’t believe the Fed will really raise interest rates this year, but traders may be missing something.”

Source: Here’s how the Fed could surprise you

 
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Posted in Business cycle, Central banks, Crony capitalism, Economy, Federal Reserve, Free markets, Interest rates

 

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

 
 

The stock market bubble in one chart

14 Jul

When will the top occur?  The $64,000 question.

Source: Chart Of The Day: Stock Averages Up 3X More Than Nominal GDP Since 2007 Peak

 
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Posted in Business cycle, Central banks, Crony capitalism, Economy, Federal Reserve, Money, Stock market

 

US Producer Price Index up 0.5% in June vs. 0.3% increase expected

14 Jul

Price inflation is accelerating.  Easy money–quantitative easing–is having its effects on prices.  

 

“The Labor Department said Thursday its producer price index for final demand rose 0.5 percent in June, versus analysts’ expectations of 0.3 percent.”

Source: US Producer Price Index up 0.5% in June vs. 0.3% increase expected

 
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Posted in Central banks, Economy, Federal Reserve, Inflation, Interest rates

 

It’s coming: Massive money printing

13 Jul

Precious metals prices will soar. 

“We’re always assessing tools that we could use,” Mester told the ABC’s AM program. “In the US we’ve done quantitative easing and I think that’s proven to be useful. “So it’s my view that [helicopter money] would be sort of the next step if we ever found ourselves in a situation where we wanted to be more accommodative.

Source: Fed’s Mester Says Helicopter Money “The Next Step” In US Monetary Policy

 
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Posted in Central banks, Economy, Federal Reserve, Inflation