Saturday, December 10th, 2016 MST

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

Purchases of physical gold accelerating

Now that Europe has reminded everyone that bank deposits are fair game for government confiscation in times of bank or State stress, I’m expecting to see demand for “real hard” assets picking up. And capital flight FROM JAPAN to productive assets to accelerate, including into gold. Quietly at first, then blatantly. (I believe it is

Don’t fear the robots, fear the Fed.

It’s really quite amazing to see the economic fallacies that are trotted out in support of the central banking/fiat money meme. This recent one attempts to blame rising wealth inequality and economic stagnation on the proliferation of robots in manufacturing and automation in general: The alarm over machines posing a real risk to jobs has

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