Money | CMI Gold & Silver - Part 7
Sunday, June 26th, 2022 MST

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Category: Money

Meet the blogger who may have just saved the US economy

Meet the blogger who may have just saved the US economy. Yes, that’s the title of a blog celebrating Bentley University professor Scott Sumner’s championing of the latest and greatest Keynesian scheme to steal from the middle class. He calls it Nominal GDP targeting, but at this point it’s more like looting a burning building.

So many fallacies. So little time.

There’s an interesting interview with Marshall Auerback of Pinetree Captial Management posted over on Mineweb.com. It’s interesting not because of any particular subject matter, but rather the complete contradictions presented therein. The first half consists of a well-reasoned case for owning gold and why it is being remonetized in an overextended financial system. By contrast, the second half is a fallacy laden justification of many of the failed policies that are driving people to own gold.

Pressure continues to build under the price of silver

In May, I presented what appeared to be an extremely bullish divergence between the price of silver and its Accumulation-Distribution Line (ADL). I asked whether the price of silver would rise to meet its ADL or would the ADL fall to match the price? Two and a half months later, there has been absolutely no resolution to this situation. The divergence remains, and if anything, has actually increased slightly.

Paul Krugman reveals how much spending is too much

Recently, on CNBC’s Squawk Box, Paul Krugman ran into some surprisingly strong skepticism about his calls for more government spending. It was clear from the onset that no one was buying into the Keynesian philosophy that infinite government spending will save us all. It wasn’t easy, but the interviewers finally managed to tie him down as to how much spending is too much.