Articles related to Federal Reserve Bank
 
Antal E. Fekete - Gold University
Hedging Non-Gold Investments With Gold
The cliché that the present credit collapse is "the greatest financial crisis since 1929" is the understatement of the century. One measure of the crises is the ratio of gross private debt to nominal GDP. This ratio captures the idea how many years of current output it would take to retire outstanding debt. In these terms, the crisis is truly unprecedented. The world plunged into the present crisis with far greater debt than the debt outstanding at the time when it plunged into the Great Depression in 1929. Add to this the qualitative change in the structure of debt. The most exotic of the Roaring Twenties era debt was brokers' margin lending on the stock purchases of clients. Today, in addition, we have: (1) derivative instruments valued up to one quadrillion dollars, (2) adjustable-rate mortgages, (
Thursday, February 13, 2020
George F. Smith - Barbarous Relic
  Fielding my grandson’s questions about gold and banking
My grandson had quite a day at school.He had learned that the economy had been suffering from things called Panics, capital P, during the 19th century and had another big one in the early 20th century.He had been told that responsible, public-spirited men like J. P. Morgan had organized a central bank to prevent those Panics.He and other bankers finally got the government to go along with their idea and pass it into law in late 1913.And wouldn’t you know it — we’ve had no more Panics since then.
Tuesday, December 24, 2019
Frank Shostak
  Why It's Important to Define Money Correctly
Most economists hold that, since the early 1980s, correlations between various definitions of money and national income have broken down. The reason for this breakdown, it is held, is that financial deregulation has made the demand for money unstable. As a result it is held the usefulness of money as a predictor of economic events has significantly diminished.To fix the instability of the demand for money, economists have introduced a gauge of the money supply known as the Divisia monetary indic
Friday, November 15, 2019
Robert P. Murphy
The Gold Standard Did not Cause the Great Depression
Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 101–111[The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression by Scott Sumner]The Midas Paradox is an impressive piece of scholarship, representing the magnum opus of economist Scott Sumner. What makes the book so unique is Sumner’s use of real-time financial data and press accounts in order to explain not just broad issues—such as, “What caused the Great Depression?”—but to offer commentary on th
Tuesday, November 12, 2019
Frank Shostak
Inflation's Not the Only Way Easy Money Destroys Wealth 
The US Federal Reserve can keep stimulating the US economy because inflation is posing little threat, Federal Reserve Bank of Minneapolis President Kocherlakota said. “I am expecting an inflation rate to run below two percent for the next four years, through 2018,” he said. “That means there is more room for monetary policy to be helpful in terms of … boosting demand without running up against generating too much inflation.” The yearly rate of growth of the official consumer price index (CPI) s
Friday, September 27, 2019
Charleston Voice
FDR: The Great Gold Confiscator Speaks *audio*
It's hard to imagine a greater theft from the American people than their personal gold savings.  This stolen gold was then exchanged to foreign bankers for irredeemable paper dollars. The continuing thievery by the Federal Reserve of American's productivity by debt and inflation continues unabated to impoverish and enslave us. Published by Charleston Voice FDR: THE GREAT GOLD CONFISCATOR Advancing Tyranny under a cover of "patriotism" and "sacrifice". Using the theme of a "caring go
Thursday, August 1, 2019
Antal E. Fekete - Gold University
Credit Unions 

Tuesday, July 30, 2019
Antal E. Fekete - Gold University
  The Crash of the Bank of the United States 
By the fourth quarter of 1930 the trouble with the Bank of United States gave occasion to grave concern. The Bank of United States was a bank which ought never to have existed, and which certainly ought never to have had the name it had. One leading banker of New York went personally to Albany to protest against the giving of such a name to that bank or to any other bank, and was told that there was a political debt to pay.
Friday, July 26, 2019
Antal E. Fekete - Gold University
Gold Vanishing Into Private Hoards The Dollar: An Agonizing Reappraisal Part One 
The first thing to know about gold is that there is no alternative to it. Gold is the one and only commodity that has no marketing problem. There is no sales resistance and no competition to overcome. A gold reserve is as important for the nation as a bank account for the firm or individual. You keep part of your funds in idle bank balances in order to be ’liquid’ - to be able to pay your bills. Gold is the ultimate and unquestioned world-wide ’liquidity’.
Tuesday, July 16, 2019
Hyperinflation - USA Gold
  The Nightmare German Inflation 
Hey, Mr. Chairman, in case you haven't noticed, the Federal Reserve already has a goodly supply of oxen! My father was fond of relating a story about a professor lecturing on geography. A short fellow, he was extolling the agriculture of Switzerland. "In our country oxen are not even as tall as I am. In some countries you see oxen just as tall as myself. But, believe it or not, on the fat pastures of Switzerland there are even greater oxen than myself". For emphasis the good professor stood on his tiptoes and stretched his hand upwards above his head. "We don't believe so!" - shouted someone from the back benches of the lecture theater.
Saturday, July 13, 2019
Jeff Clark - Casey Research
Should I Buy Numismatic Coins 3 Risks of Collectible Gold Coins
Numismatic coins can be a fun hobby, and can offer the collector a beautiful timepiece from interesting periods in history.Unfortunately, many novice investors that dabble in this market have lost money. And in many of those cases, the price of gold actually rose while the coins were held!How can an investor lose money on valuable rare coins? And why don’t they rise with the gold price?This article highlights three specific risks investors take with numismatics. Let’s co
Wednesday, May 15, 2019
Paul Tustain - Galmarley.com
  Calculating the "Fair Value" of Gold 
In the absence of cashflow, judging gold's present "fair value" means analysing it like an insurance actuary would...
Monday, April 29, 2019
Ronan Manly - Bullion Star
New Gold Pool at the BIS Basle, Switzerland: Part 1
“In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday, 10th December to continue discussions about a possible gold pool. Emminger, de la Geniere, de Strycker, Leutwiler, Larre and Pohl were present.”      13 December 1979 – Kit McMahon to Gordon Richardson, Bank of England Introduction A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as t
Thursday, April 18, 2019
The Disastrous History of Money - USA Gold
The Nightmare German Inflation 

Thursday, March 7, 2019
Mark O'Byrne - gold.ie
Gold Does Not Fear Interest Rate Hikes
– Gold no longer fears or pays attention to Fed announcements regarding interest rates – Renewed interest in gold due to inflation fears and concern Fed won’t do enough to control it – Higher interest rates on horizon will make debt levels unsustainable – New Fed Chair warns “the US is not on a sustainable fiscal path” and could lead to an “unsustainable” debt load – Higher interest rates are good for gold as seen in the 1970s and 2000s – Gold markets aware that central banks are running out of
Thursday, March 8, 2018
Chris Powell - GATA
Study finds increase in taxi trips between NY Fed and banks around FOMC meetings
A new study has found a jump in New York City taxi cab activity between the Federal Reserve Bank of New York and major Wall Street banks around the time of central bank policy meetings, and the study's author says the findings suggest an increase in informal communications between Fed employees and individuals in the private sector could be occurring. The New York Fed strenuously disputed the study's assertions. The study was conducted by University of Chicago Booth School of Business Ph.D. ca
Monday, March 5, 2018
Alasdair Macleod - Finance and Eco.
Currency exchange value dynamics
In a recent article[i] I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the future. The key to understanding why this may be so lies in human reactions to the monetary consequences of the next credit crisis. The undermining of the dollar as a currency affects all other fiat currencies, because it is the reserve currency and all financial markets use
Thursday, March 1, 2018
Chris Powell - GATA
With rates low, Fed officials fret over next recession
Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low. In the midst of an unprecedented leadership transition, Fed officials are publicly debating how to prepare for the next downturn. Should they scrap their approach to inflation targeting? How big of a balance sheet should they retain? How much further can they
Saturday, February 24, 2018
Andy Hoffman - Miles Franklin
The Right Question…
Last week I mentioned that my grandson Josh (Andy’s boy) was accepted at McGill University in Montreal, the University of Indiana’s business school and the University of Michigan.  He is interested in pursuing a degree in business and is taking all the requisite (advanced) classes in economics. He called me yesterday and asked me, “Which Fed Policy would be better, Quantitative Easing or Tapering and what can be done to make things better?”  Geese Louise!  When I was his age the only question I
Wednesday, February 14, 2018
Chris Powell - GATA
New York Fed official celebrates a century of market rigging
Last month an official of the Federal Reserve Bank of New York celebrated a century of cooperation by central banks in secret interventions in the markets. His address was posted on the internet sites of the New York Fed and the Bank for International Settlements, but mainstream financial news organizations have yet to take note of it. The official, Simon M. Potter, executive vice president of what the New York Fed calls its Markets Group, spoke December 20 at the bank's "Commemoration of the Ce
Saturday, January 20, 2018
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