Posts Tagged ‘ fiat currency ’

Central Banks Aren’t Banks

Sep 26th, 2011 | By | Category: Economics, Featured
I am going to make a number of obvious statements that we all can agree are true, but what they add up to is a startling conclusion. What we call "central banks" are not banks at all. What is a bank? According to a helpful little essay on banks for students ...read more

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Posted in Economics, Featured | 2 comments


The Economy’s Bureaucratic Enemy

Sep 13th, 2011 | By | Category: Macro Economics
The global finance bureaucracy is clueless. Its policies are failing. Yet it's not giving up. Nowhere near it! The same tired, idiotic explanations for what is wrong with the economy and what the economy needs are regurgitated with numbing persistence: The economy is in need of more -- wait for ...read more

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Posted in Macro Economics | No Comments »


Euro Gold and the Euro Zone

Apr 27th, 2010 | By | Category: Currencies, Featured, Gold
I had a conference to attend in Southern California last week but the true capstone was a Sunday evening dinner with several readers. Although ‘gold bugs’ may be perceived in their writing as cranky I have found them to be among the most considerate and cultured company. Perhaps it stems ...read more

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Posted in Currencies, Featured, Gold | 8 comments


How to Survive Financial Collapse Right Now

Mar 12th, 2010 | By | Category: Economics, Featured, Personal Investing, Politics
L: Doug, last time we spoke, you said quite a bit about debt, in the context of your expectation that the euro is on its way out. At the end of that conversation, you mentioned, of course, that the problem is not limited to Greece, nor the eurozone. America as ...read more

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Posted in Economics, Featured, Personal Investing, Politics | 11 comments


The Fed and the Money Supply

Aug 11th, 2008 | By | Category: Currencies, Macro Economics
So Alan Greenspan — former chairman of the Federal Reserve — thinks this equals the Great Crash, if not out-bads it. “It’s getting increasingly evident that this is a once-in-a-century type of phenomenon,” he told the ever-fragrant Maria Bartiromo in an interview with CNBC this week, “not the standard type of ...read more

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Posted in Currencies, Macro Economics | No Comments »


Central Bank Mistakes

May 27th, 2008 | By | Category: Macro Economics
When Albert Hofmann — the Swiss chemist who discovered LSD — passed away at the start of this month, newspaper editors the world over reported it as the death of the man “who experienced the first ever bad trip.” But Hofmann’s hallucinations seem little worse than most acid-induced visions. Or so ...read more

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Posted in Macro Economics | No Comments »