Tag Archives: federal reserve
fed on defense
Economists supporting the continuation of fed inflationary policy repeatedly give no concrete answers when asked questions, while pretending not to understand questions being asked and scoffing at legitimate questions. But the most fun of all is seeing how defensive they all are now (video after the jump): Related Posts:Republican debate notes, pt. 1: slimy economics [...]
Jim Quinn on the mother of all bubbles
Money, we’ve been told, is the root of all evil. Leaving behind the various shades of meaning that may or may not be present in that pithy saying, let’s look at the financial markets, where easily available money generated hand over fist is the root of all sorts of evils (or, if we want be [...]
Posted in economics Also tagged austrian theory of the trade cycle, ben bernanke, central banking, credit expansion, easy credit, fiat currency, hard money, housing bubble, human action (book), hyperinflation, inflation, jim quinn, late-2000's recession, ludwig von mises, the bastard child of the mother of all bubbles, zimbabwe Leave a comment
gold hits all-time high again
It did it yesterday, and it’s happened again today. As I write this, gold is at $1273.62 per ounce. Gold strengthens while the dollar weakens. It’s why we need to quit printing money out of thin air through the Federal Reserve, and why we need to get back on a gold standard. In the long [...]
gold price hits all-time high
Starting to feel like a broken record, no? But it’s true: gold just hit an all-time high against the dollar, with a price of $1271 per ounce. And silver, my personal favorite precious metal is at a shocking $20.53, which means my recent investment in silver has already netted me a 5% gain in about [...]
ron paul on the fed, fiat currency
Congressman Ron Paul thinks there just might be no gold in Fort Knox. He wants to force an audit of the place. Because I’ve never had the opportunity to examine the alleged gold stock at Fort Knox for existence and existence in the quantity claimed, I’ll not weigh in one way or another. The article [...]
Posted in economics Also tagged fiat currency, fort knox, gold standard, hard currency, politics, ron paul Leave a comment
Bernanke on gold prices: I don’t know why they’re at record highs.
I try not to deluge the reader here with all the economic stories I find interesting (I know, that’s probably hard to believe. But what I post here is just a selection of what I’m tempted put up.) But this story seemed particularly important. I recently read how Ben Bernanke was unable to explain why [...]
US Bank System Collapsing in Slow Motion
That’s the gist of the FDIC’s latest “problem list report,” as described in the Wall Street Journal. The number of “problem banks” on the FDIC’s list has reached a new high of 775 banks in danger of bankruptcy. To put that number in context that’s fully one-tenth of the banks in the United States. This [...]
Posted in economics Also tagged austrian economics, bankruptcy, fdic, inflation, problem banks, shadow stats, wall street journal Leave a comment
on the fed and full disclosure
The Federal government at its current pace is spending $3549 billion dollars per year–about $25,700 per taxpayer. The people who are having such great amounts of money taken from them occasionally get the pesky urge to know what that money is being spent on. Related Posts:US Bank System Collapsing in Slow MotionJim Quinn on the [...]
Posted in economics Also tagged 2008 economic crisis, bank cartel, banking, bankruptcy, government, government spending, henry ford, inflation, taxation Leave a comment
The Fed godfather?
Hmm . . . The concept of the Fed as a destructive con-job has apparently hit even the mainstream media (in the form of MSNBC). Very good. This is a pretty good description of exactly where our financial problems came from. Keep in mind, of course, that by ‘con job’ I am referring only the [...]
Posted in economics, in the news Also tagged austrian theory, cheap credit, con job, conspiracy, inflation, mainstream media, msnbc, the fed, trade cycle Leave a comment
Republican debate notes, pt. 1: slimy economics (and theology) with Cain & Romney