Articles related to Federal Reserve
 
Mike Hewitt - Dollar Daze
America's Forgotten War Against the Central Banks
In order to pay debts incurred from the Seven Years War with France, King George III of England sought to heavily tax the colonies in America. In 1742, the British Resumption Act required that taxes and other debts be paid in gold.
Wednesday, April 25, 2018
Douglas French - Mises.org
Gold and Guns 
In his extraordinary book Democracy: The God that Failed, Hans Hermann Hoppe points out that the process of civilization is stopped when government continually violates property rights. The natural process of civilization comes through delaying consumption, saving, and building capital. Undoing it leads to higher societal time preference.
Tuesday, April 3, 2018
Antal E. Fekete - Gold University
A Critique of the Quantity Theory of Money
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Saturday, March 31, 2018
Nathan Lewis - New World Economics
The Bank of England 1720-1844
we have now a bit of updating of something we looked at before: the Bank of England's balance sheet during the 18th and 19th centuries, when it was the premier institution managing a gold standard paper money system in the world. The Bank of England eventually served as the example imitated throughout the world, particularly in the latter 19th century and into the early 20th century. January
Wednesday, March 28, 2018
Food for thought
US Treasury : Federal Notes have no Value for themselves 
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Sunday, March 25, 2018
Keith Weiner - Monetary Metals
Standing Ready to Lease Gold
We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said: “…central bankers do not think about gold. Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018
Nathan Lewis - New World Economics
March 18, 1968 - "Good Money Is Coined Freedom" Speech by William McChesney Martin, 1968
Today, we have a speech by the Chairman of the Federal Reserve, William McChesney Martin, given on March 18, 1968. At this time, the Bretton Woods era was coming to an end, not because of some inherent problem, but because those in charge of maintaining it (including Martin) really didn't know what they were doing. It was the simplest thing in the world -- a time of peace and prosperity worldwide -- but they were not up to the task. click here for "Good Money Is Coined Freedom," by William McC
Sunday, March 18, 2018
Chris Powell - GATA
This $8.8 billion fund sees financial stress spurring a gold rally
Rising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-laden consumers and helping drive demand for the metal as a haven. That's the argument of Sprott Inc., a precious-metals-focused fund manager that oversees $8.8 billion in assets. The following four charts lay out the case for why gold could be poised to rise even as the Federal Reserve tightens monetary policy. ... ... For the remainder of the report: https://www.bloomberg.com/news/ar
Saturday, March 17, 2018
Chris Powell - GATA
Stephen Englander: Why the U.S. Treasury likes a weak dollar
* * * By Steven Englander Bloomberg News Saturday, March 16, 2018 The U.S. Treasury has been stealthily weakening the dollar. It isn’t clear if it is doing so consciously, but since a weaker dollar suits Treasury leadership, there probably isn’t too much concern. The key is that the Treasury is flooding the market with short-term debt that neither domestic nor foreign investors are very interested in buying. The Federal Reserve is capping the yield on the debt with its promises to raise rates g
Saturday, March 17, 2018
Sprott Money
Death Valley Snowballs and Fiat Currencies - Gary Christenson
Keep it simple! Snowballs have a short life expectancy in Death Valley. Fiat currencies, backed by credit and debt, survive longer than snowballs in Death Valley, but history shows all fiat currencies are inflated into worthlessness and eventually die. “U.S. dollars have value only to the extent that they are strictly limited in supply.” Ben Bernanke on November 21, 2002. But we know the supply of dollars has grown rapidly since 1971, and especially after the 2008 crisis while Berna
Saturday, March 17, 2018
Keith Weiner - Monetary Metals
Open Letter to GATA
Dear GATA and Mr. Chris Powell: I am writing this in response to your article Monetary Metals’ Weiner refuses to see anything wrong in the gold market. There is a certain irony for me to read that I refuse to see. I have spent eight years studying the mechanics of the market, building a model, developing software to run the model through several generations, and licensing nearly three terabytes of data giving ever bid and offer in both the spot and futures markets with sub-millisecond resolution
Thursday, March 15, 2018
Adrian Ash - Bullion Vault
10 Years of 4-Figure Gold
Spot gold prices first broke $1000 per ounce 14 March 2008... IN FACT the world's first ever $1000 gold deal had happened the day before, writes Adrian Ash at BullionVault. Thursday 13 March 2008 – a day earlier than the wholesale 'spot' gold price finally popped above $1000 per ounce – saw a customer of BullionVault offer the five ounces of gold he held in secure, insur
Thursday, March 15, 2018
Andy Hoffman - Miles Franklin
Will New Fed Chairman Powell Really Allow Rates To Rise
On Tuesday morning Federal Reserve Chairman Jerome Powell testified before Congress. Of note was that right as Howell hinted at a somewhat slightly more hawkish than expected outlook, the bond market sold off. “At the December meeting the median participant called for three rate increases in 2018. Since then, what we’ve seen is incoming data that suggests a strengthening in the economy and continuing strength in the labor market. We’ve seen some data that in my case will add some confidence to m
Thursday, March 15, 2018
Andy Hoffman - Miles Franklin
Silver Purchasing Power
This article was written for Miles Franklin by Gary Christenson. We know: a) Federal Reserve and U.S. government policies devalue the dollar—down about 98% since 1913. b) US. government spending is out of control, increases every year, regardless of revenues, and shows no sign of plateauing or declining. c) Few people encourage balanced budgets and LESS spending. All government agencies, lobbyists, congresspersons, military contractors, and many corporations encourage MORE spending, and by neces
Wednesday, March 14, 2018
Bullion Vault
Gold Price Spikes vs. Dollar as Trump Sacks Tillerson 'Cos of Russia', Inflation Rises
GOLD PRICES leapt against a sinking Dollar on Tuesday but quickly fell back after US consumer prices showed the fastest inflation in 6 months and US President Donald Trump sacked his Secretary of State Rex Tillerson with a tweet, one day after Tillerson called Russia "a force for instability in the world." Trump had tweeted overnight that the House Intelligence Committee " found no evidence of collusion or coordination" between his 2
Wednesday, March 14, 2018
Mac Slavo - ShtfPlan
How Will Gold Prices Behave During The Next Economic Crisis
This report was originally published by Brandon Smith at Alt-Market.com It is generally well known in economic circles and in the general public that precious metals, including gold, tend to be the go-to investment during times of fiscal uncertainty. There is a good reason for this. Precious metals have foundation qualities that provide trade stability; these include inherent rarity (rather than artificially engineered rarity such as that associated with cryptocurrencies), tangibility (you can
Tuesday, March 13, 2018
Chris Powell - GATA
Monetary Metals' Weiner refuses to see anything wrong in the gold market
These days there aren't many denials of gold market manipulation by governments and central banks. As the documentation has piled up, most of the former deniers have fallen silent or struck the pose of 321Gold's Bob Moriarty, who these days writes that all markets are manipulated and everyone should just get over it, as if the identity of the manipulators, their capacity for manipulation, and the degree of their manipulation are of no practical or moral concern. But Keith Weiner of Monetary M
Tuesday, March 13, 2018
Keith Weiner - Monetary Metals
Super-Duper-Irrational Exuberance
Think back to the halcyon days of the dot com boom. This was a time after Greenspan declared “irrational exuberance”. Long Term Capital Management collapsed in 1998, and Greenspan decided to risk propelling exuberance to a level beyond irrational. Super-duper-irrational exuberance? Anyway, Greenspan cut interest rates a few times in late 1998. Technology companies were able to raise $5 million or more with just a sketch on a napkin (“serviette” for those outside the US). Companies at a “later st
Tuesday, March 13, 2018
Bullion Vault
Gold Prices Fall, Silver Spec's Still Bearish as Attention Turns to the Fed
GOLD PRICES started the week lower against a falling US Dollar on Monday, while equity markets surged after Friday's strong US job data eased fears of inflation, writes Steffen Grosshauser at BullionVault. With the US central bank expected to hike interest rates at its March meeting next week, gold fell 0.5% even as the Dollar dropped on the FX market, touching what technical analysts called "nearby support" at $1317 per ounce after
Tuesday, March 13, 2018
Andy Hoffman - Miles Franklin
Where Is The Stock Market Money Going To Go
Given the way markets have stagnated in recent years under unprecedented amounts of central bank management and distortion, it can be easy to think that what’s happening will continue indefinitely. However a recent CNBC report highlighting investor withdrawals from U.S. equity funds during last month’s chaotic market action demonstrates just how quickly sentiment can change. According to a CNBC report,”February’s brutally volatile market saw investors flee U.S. stocks in near-record numbers, and
Tuesday, March 13, 2018
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