Tuesday, December 6th, 2016 MST

Yearly Archives: 2013

Bernanke: Pedal to the metal

Seems whatever financial media you go to, the discussions are about speculation that Bernanke and his cohorts at the Fed’s Federal Open Market Committee (FOMC) are considering cutting back on quantitative easing, which is now running at $85 billion a month.  ($45 billion in Treasuries, $40 billion in mortgage debt.) The media’s chic question is

Singaporeans line up to buy gold

May 23, Richard Russell of Dow Theory Letters posted in his Daily Remarks the below email from a subscriber in Singapore. While it is anecdotal, it illustrates the growing interest for gold in Asia, which is awash in dollars. Dear Russell and Company, Yesterday, after reading your comments about gold being manipulated in the crudest way,

HR 684: a disaster for gold/silver investors

Gold and silver investors will face a real-life nightmare if a bill that recently passed the Senate becomes law. The bill would tax commerce between the states, something that has been exempt (except for certain circumstances) since the Constitution was ratified. Now, the bill is in the House, where it is known as HR 684

It’s debt ceiling time again

On Friday, Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner, informing him that the Treasury will begin taking “extraordinary measures” in order to keep the Federal debt below the legal limit. Such measures could include redeeming current investments in the retirement accounts of civil service workers and would keep things running

The beginning of the end of the Japanese bond market and its impact on gold.

The following is an excellent presentation by Christine Hughes of Otterwood Capital Management on the beginning of the end of the Japanese bond market and how it has negatively impacted gold in the short term. On April 4, 2013 the Bank of Japan announced their “2-2-2-2” policy in which they will attempt to create 2%

Keynesian economics debunked in one graph

The entire purpose of modern economics is to obfuscate the truth; to convince the masses to support policies that are contrary to their own interests. In the early twentieth century, economists in the United States realized the opportunity to transform their lot in life from that of dreary academicians to well paid pseudo-celebrities by becoming

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

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