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...
View ArticleGrant Williams Part 1: Why are equity markets rising in the face of falling...
Grant Williams, author of the newsletter Things That Make You Go Hmm, recently presented at the 66th Annual CFA Conference in Singapore. The entire presentation is available above, but in this post...
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Krugman’s recipe for economic prosperity: Print more food stamps.
If you are ever in need of an example of economic fallacy in print, Paul Krugman’s blog is a great place to start. His recent offering on the economic benefits of food stamps is no exception: “Indeed,...
View ArticleEven the fake jobs number can’t stop QE
According to Steve Liesmen, investors face a bit of a dilemma in attempting to figure out the health of the economy. Do they believe the falling GDP numbers or the jobs numbers which are relatively...
View ArticleMoney as debt
Here’s an interesting quote from Henry Ford: “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution...
View ArticleBlack Swans to stir interest in gold and silver?
Black swan events often have great impact on the gold and silver markets. Discussed herein are three developments that should unfold between now and the end of the year that may turn out to be black...
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Larry Summers bows out; inflation a shoo-in?
Larry Summers shocked — and gratified — the investment community when he asked not to be considered as the next chairman of the Federal Reserve. Stock indexes around the world rose on the news, with...
View ArticleNo tapering: a watershed moment
When the Fed announced that it would not immediately begin reducing (tapering) its “asset purchases,” that was a watershed moment, and it will have tremendous impact on the gold and silver markets in...
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The disingenuous Mr. Buffet
There is no great challenge to being successful when you have the sole legal right to create new money. On the other hand, convincing the American people and Congress to go along with such a scheme...
View ArticleFriday’s malinvestments sink Crusoe’s retirement
Investors spend a lot of time trying to make the right investment moves; however, there are “mixed signals” that cause making the right decisions difficult if not impossible. Many of the mixed signals...
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Economics as propaganda
How is it that almost every mainstream economist is continually proved wrong in their predictions, that almost every prescribed course of action has led to a continual decline in the future economic...
View ArticleThe acceptance of central bank money creation
The World Financial Crisis of 2008 now seems a long time ago and not worthy of discussion, except at the academic level where professors can point to the power of central banking. After all, didn’t the...
View ArticleWealth Creation, the Fed’s new mandate
In The Federal Reserve under attack like never before, I noted that when I started in the silver bullion business in 1973 few people knew what the Federal Reserve was and what it did. That was not...
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Dollar steady as America declines
So wrote Gillian Tett in Friday’s Financial Times. Mr. Tett started his piece by noting that Nigeria’s central bank had announced that it would convert almost a 10th of Nigeria’s $43 billion reserves...
View ArticleGold up, stocks down on China fears
For years, reports that China’s banking system is at risk mostly have been ignored. Now, though, investors are listening as Chinese officials have admitted to problems in the Chinese banking system and...
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Dollar steady as America declines
So wrote Gillian Tett in Friday’s Financial Times. Mr. Tett started his piece by noting that Nigeria’s central bank had announced that it would convert almost a 10th of Nigeria’s $43 billion reserves...
View ArticleGold up, stocks down on China fears
For years, reports that China’s banking system is at risk mostly have been ignored. Now, though, investors are listening as Chinese officials have admitted to problems in the Chinese banking system and...
View ArticleGold/silver investors to benefit from central planners flawed schemes
Europe’s economy remains in the doldrums, and central planners there are hinting at fundamental Keynesian moves to weaken the euro, which, in their thinking, would stimulate growth in the eurozone by...
View ArticleCheap money: get used to it
Central planners and their minions rarely–if ever–admit the failures of their programs. In fact, they rationalize and even support their continuations when the schemes fail, laying blame on “the...
View ArticleEurope’s problems systemic
European Central Bank president Mario Draghi recently suggested (again) that quantitative easing would revitalize the Eurozone’s economies. Robert Blumen, physicist and Austrian economics advocate,...
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