Tuesday, September 27th, 2016 MST

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

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

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