“Last month, Philipp Bagus and Andreas Marquart released their new book…”
Source: Our Monetary System Favors the Rich and Hurts the Poor | Mises Wire
Archive for the ‘Central banks’ Category
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
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
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
Debt is crushing the global economy
17
Jul
“Max Keiser Financial War Reports”
Source: [KR940] Keiser Report: Gold & World’s Debt Problems | Max Keiser
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
Gold is on a roll because real interest rates are negative
16
Jul
Gold 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.
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
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
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
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