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Archive for the ‘Gold standard’ Category

Are central bankers giving up on fiat money?

20 Sep

“After years of selling their stocks of gold, central banks around the world are now buying bullion, according to a new study on the “Seven Ages of Gold.”

Source: Central banks have been buying gold with a vengeance

 
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Posted in Central banks, Free markets, Gold, Gold standard, Government debt

 

America Needs a Dose of Strong, but Necessary Medicine

25 Jul

The Fed’s easy money policies always ends in a bust…the sooner the better. 

Source: America Needs an Old-Fashioned Depression

 
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Posted in Banks, Business cycle, Economy, Federal Reserve, Gold standard, Inflation, Interest rates, Money

 

The Real Reason the “Rich Get Richer”

24 Jul

I have know this for more than 40 years.  The chickens are coming home to roost.  If Bernie had talked about the Federal Reserve, he would be the nominee.  Ditto for Rand Paul. 

“Time the Taskmaster DUBLIN – “Today’s money,” says economist George Gilder, “tries to cheat time. And you can’t do that.” It may not cheat time, but it cheats far easier marks – consumers, invest…”

Source: The Real Reason the “Rich Get Richer”

 
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Posted in Banks, Crony capitalism, Democrats, Donald Trump, Federal Reserve, Gold standard, Inflation, Politics, Precious metals, U.S. Dollar

 

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

 

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

 

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

 

Greenspan does a 180

10 Jul

“Faking It   Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tan…”

Source: Alan “Bubbles” Greenspan Returns to Gold

 

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

 
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Posted in Business cycle, Economy, Federal Government, Federal Reserve, Gold standard, Stock market, U.S. Dollar