Banks « MurraySabrin.com

“James Grant, Wall Street expert and editor of the investment newsletter «Grant’s Interest Rate Observer», warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold.”

Source: James Grant: «The Fed is now hostage to Wall Street»

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Posted in Banks, Business cycle, Central banks, Crony capitalism, Federal Reserve, Gold mining stocks, Inflation, Money, Politics, Precious metals, Stock market

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

An insider warns about excessive debt

20 Jul

“John Mauldin, Financial Expert, Best-Selling Author, and Editor of Thoughts from the Frontline Investment Newsletter. Offering Financial & Economic Analysis, Research.”

Source: MauldinEconomics.com

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Posted in Banks, Crony capitalism, Debt, Economy, Federal Reserve, Interest rates, Money

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

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

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