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Archive for the ‘Money’ Category

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

Evolution of paper money

Gold, real 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

 

The Criminal Rip-Off Called Socialism

18 Jul

Tom DiLorenzo’s new book is published today. 

 

Source: The Criminal Rip-Off Called Socialism

 
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Posted in Civil liberties, Corruption, Crony capitalism, Economy, Education, Federal Government, Federal Reserve, Free markets, Healthcare, Interest rates, Money, Politicians, Socialism, Welfare state

 

Debt is crushing the global economy

17 Jul

“Max Keiser Financial War Reports”

Source: [KR940] Keiser Report: Gold & World’s Debt Problems | Max Keiser

 
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Posted in Business cycle, Central banks, Debt, Economy, Federal Reserve, Free markets, Gold standard, Government debt, Inflation, Interest rates, Money, Politics

 

Gold is on a roll because real interest rates are negative

16 Jul

unnamedGold 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.

 

 

 
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Posted in Central banks, Gold standard, Inflation, Interest rates, Money

 

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

 
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Posted in Business cycle, Central banks, Economy, Federal Reserve, Inflation, Interest rates, Money, U.S. Dollar

 

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

 
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Posted in Business cycle, Central banks, Crony capitalism, Economy, Federal Reserve, Money, Stock market

 

The EPJ Research Room: An Open Letter to Donald Trump on Economic Policy

12 Jul

The best ideas money cannot buy.

Source: The EPJ Research Room: An Open Letter to Donald Trump on Economic Policy

 
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Posted in Central banks, Crony capitalism, Donald Trump, Economy, Federal Government, Federal Reserve, Free markets, Leadership, Money, Politics, Presidential campaign, Property rights

 

Go south and west

11 Jul

“Figuring out where to retire after decades of working can be a tough choice. Bankrate has its top picks and recommendations of places to avoid.”

Source: Best and worst cities for retirement according to Bankrate.com

 
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Posted in Economy, Money

 

Here comes inflation

11 Jul

Easy money is doing its thing…higher prices are here and may go higher.

“Inflation is creeping higher and will soon force the Federal Reserve to re-examine the wisdom of keeping short-term interest rates low, says economist Paul Ashworth, the winner of the Forecaster of the Month contest for June.”

Source: Inflationary pressures are already building, top forecaster says

 
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Posted in Business cycle, Central banks, Economy, Federal Reserve, Inflation, Interest rates, Money

 

Central bankers never learn

11 Jul

“The reason why anyone would buy negative-yielding debt is actually pretty simple: Because they have to.”

Source: Negative rates leading to ‘day of reckoning’ fear on Wall Street

 
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Posted in Business cycle, Central banks, Crony capitalism, Economy, Federal Reserve, Interest rates, Money, Politics, U.S. Dollar

 

Greenspan does a 180

10 Jul

“Faking It   Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tan…”

Source: Alan “Bubbles” Greenspan Returns to Gold

 
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Posted in Business cycle, Central banks, Crony capitalism, Economy, Federal Reserve, Gold standard, Inflation, Interest rates, Money, Precious metals, Welfare state

 

Warning signal for the economy and the stock market?

08 Jul

Investors are fleeing volatile sectors for safe havens. We saw this before in the lead-up to the financial crisis.

Source: Market driven by ‘safe’ stocks, possibly signaling slowdown ahead

 
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Posted in Business cycle, Economy, Interest rates, Money, Stock market

 

US 10-year Treasury yield falls to record low

05 Jul

This is not a sign of a healthy economy as money flows into “safe” government bonds. Gold is popping again this morning.  With all the new money central banks have created since the Great Recession of 2007-2009, the financial system has had to absorb trillions of dollars of additional cash, which propelled asset prices highers for the past seven years.  In other words, we are in another bubble.  

“U.S. sovereign bond prices were higher Tuesday, after being closed Monday for the July 4 holiday, resuming a strong “safe-haven” bid.”

Source: US 10-year Treasury yield falls to record low

 
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Posted in Business cycle, Central banks, Economy, Federal Reserve, Inflation, Money

 

History of Money in America: From Beads to Virtual Currency

29 Jun

Fascinating synopsis.

 

“See the evolution of money in the United States – going from the beads used by Native Americans to modern digital tech. The history of money changes fast.”

Source: History of Money in America: From Beads to Virtual Currency

 
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Posted in Economy, Money

 
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