Dr. Faber, the keynote speaker at the May 22nd NYC Mises Circle Seminar, had no good news about the status of the world’s financial affairs. He is of the opinion that all sovereigns will continue to create monies as solutions to their financial woes and that gold is the right investments for the times. Further,
Summer is here, and the US Mint is just now releasing 2010-dated fractional-ounce Gold Eagles, the ½-oz, the ¼-oz and the 1/10-oz sizes. We expect to have the coins ready for shipment on or about June 21. Because of subdued buying, premiums are about where they have been during normal times in years past, meaning
The Mystery of Banking is not just another book on banking. It pulls back the curtains that hide the flaws of fractional-reserve banking and explains the differences between loan banks and deposits banks.
Friday, the FDIC closed eight banks, three in Florida, two in California, and one in each of three other states: Michigan, Massachusetts and Washington. So far this year, the FDIC has closed fifty banks, which puts it on pace to match last year’s 140 closures. To put this in perspective, in 2008 there were only
The seminar was as stimulating and informative as expected. What surprised me was the humor with which most speakers delivered such important and grave messages. The seminar also was as well-run as I expected. The talks can be downloaded from the Mises website. The links are provided below. Further, CDs will be available at a
Mises Institute to hold seminar in Phoenix, AZ Saturday, April 10, 2010. Five authorities on money to speak to the dangers of monetary debasement and how it can lead to despotism.
Many Americans are buying gold and silver as hedges against a feared decline in the value of the dollar. Considering that the current fedgov fiscal year deficit is forecast at $1.75 trillion, buying the metals seems a prudent move as a devastating decline in the dollar is almost a certainty. But, too many Americans do
2009 was a good year for the gold market, with central bank buying dominating the news. Talk of IMF gold sales no longer depresses the market, as speculation abounds as to which central banks will be the big buyers.
Although none of the three credit rating agencies have yet downgraded US debt, all have issued threats that they may do so if the US does not get its financial house in order. The chances of the US getting its “financial house in order” are not good. Consider these headlines across the country: “Social Security
A recent Financial Times noted that the proposed overhaul of US financial rules threatens the credit ratings of Bank of America and Citibank. Standard & Poor’s, one of the world’s top two credit rating agencies, says that as proposed, the rules would make it less likely that the banks would be bailed out by taxpayers if the bank ran into trouble again.