Wednesday, September 28th, 2016 MST

Monthly Archives: April 2013

Don’t get any crazy ideas. Only the dollar is money.

Neil Irwin over at the Washington Post recently set about reminding the unwashed masses that, only the dollar is money, in his piece “Bitcoin is ludicrous, but it tells us something important about the nature of money.” He starts us out with his “givens”. “We can all agree that the dollar bills in my wallet

Gold hammered; still bullish

As gold was being driven below $1500 earlier today, I received an email about an article titled “Gold’s irreversible trends driving it to $10,000.”  The bullishness is based on the world’s central banks continuing to create money at rates never before seen, with some Establishment  darlings (Paul Krugman, for example) calling for still more money

IMF head praises BoJ’s monetary revolution

Significant in Shinzo Abe being elected Japan’s Prime Minister in December was his promise of a more liberalized monetary  policy by the Bank of Japan in an effort to revive Japan’s stagnant economy.  Last week, Haruhiko Kuroda, Abe’s appointee as the BoJ’s Governor, delivered in spades with a promise to double the yen in circulation