“Starting today, the Royal Bank of Scotland will become the first bank in the U.K. to impose a negative interest rate on depositors.”
Source: The Blessing of Cash
Archive for the ‘Money’ Category
‘Helicopter Money’ Coming Soon
22
Aug
“Kitco News’ general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices.”
Source: Economic Panel Sees Potential For Gold, ‘Helicopter Money’ Coming Soon
Free enterprise lowers prices increasing living standards. Here is the proof.
19
Aug
“Monopoly products and services go up in price, while competitive ones go down.”
Source: Why Luxury TVs Are Affordable when Basic Health Care Is Not | Foundation for Economic Education
The war on the middle class
26
Jul
“Duped and Distorted DUBLIN – When you start thinking about what money is and how it works, you face isolation, shunning, and possible incarceration. The subject is so slippery – like a bead of me…”
Source: Unsound Money Has Destroyed the Middle Class
Calling Bernie, read this book
25
Jul
“Last month, Philipp Bagus and Andreas Marquart released their new book…”
Source: Our Monetary System Favors the Rich and Hurts the Poor | Mises Wire
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
More evidence of another bubble
22
Jul
“Rising asset prices stoke worries about bubbles forming.”
Source: Ex-Fed Official, Worried About Bubbles, Warns of U.S. Downturn – Bloomberg
What Donald Trump should have said last night
22
Jul
Donald Trump’s acceptance speech at the Republican convention last night could have been a lot shorter and focused on espousing the virtues of limited government and free enterprise.
First, Donald should have used several props, such as the first 1040 form, which was only four pages long. He should have said that a tax return of 1914 was simple and allowed the federal government to raise the funds it needed to pay for its expenses 100 years ago, when only 2% of the American people had to pay any income tax. In addition, today large and medium-sized businesses need an army of accountants and attorneys to comply with the tax code. That’s money that cannot be used to buy better equipment, modernize their factories, and thus make American workers more productive, which would earn them higher salaries.
You can just call me Jeff
20
Jul
Tom DiLorenzo sent me a copy of his new book, The Problem With Socialism, with the following inscription. You can hear Tom Woods interview Tom here. This book should be a best seller based on my review of the contents. I will read it ASAP and discuss it in a future post.
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
Contrary indicator? When the “crowd” goes one way, the oppostie usually happens
20
Jul
With so much pessimism and concern for financial safety, the public may be signalling that the stock market will continue to rise.
“When it comes to long-term investing, more Americans prefer real estate or cash to stocks and bonds, according to a report by Bankrate.com.”
Source: More Americans prefer cash or real estate to stocks
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