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Articles related to Monetary Policy
 
Ronan Manly - Bullion Star
Sweden’s Gold Reserves: 10,000 gold bars shrouded in Official Secrecy
In early February 2017 while preparing for a presentation in Gothenburg about central bank gold, I emailed Sweden’s central bank, the Riksbank,  enquiring whether the bank physically audits Sweden’s gold and whether it provide me with a gold bar weight list of Sweden’s gold reserves (gold bar holdings). The Swedish official gold reserves are significant and amount to 125.7 tonnes, making the Swedish nation the world’s 28th largest official gold holder. Before looking at the questions put to the
Tuesday, April 25, 2017
Michael Pento - Delta Global Advisors
Swamp Creatures Sack D.C.; and Fed Drops MOAB on Wall Street
Wall Street and our central bank are in for a rude awakening very soon! The idea that the US economy is on stable footing and about to experience a surge in growth is ridiculous. Hence, the consensus that the Fed can normalize interest rates and its balance sheet is nothing short of a bad joke...and it's on them. For starters, the government's fiscal deficit for the month of March came in at $176.2 billion, which means the deficit 6 months into fiscal 2017 is $526.9 billion and running
Monday, April 24, 2017
Egon von Greyerz - Matterhorn AM
  If You Understand History and Economics, You Understand Gold 
by Egon von Greyerz How can ordinary people ever understand the importance of gold when they are continuously fed with false and distorted facts. The latest publication to publish false and ignorant propaganda on gold is the British weekly magazine the Economist. The article begins with a graph of gold starting in September 2011. Anyone who knows anything about gold recognises that this is the time when gold reached a peak of $1,930. Between 1999 and 2011 gold had gone from $250 to $1,930 which
Monday, April 24, 2017
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Sunday, April 23, 2017
Andy Hoffman - Miles Franklin
The Powers That Be Are Screaming For QE And NIRP To Infinity
I have a LOT to say this morning – all if it, extremely important.  But first, let’s start, mere hours before the third Miles Franklin Silver All-Star Panel Webinar – which will be posted at milesfranklin.com later today; with this article from one of our distinguished panelists, Steve St. Angelo of the SRS Rocco Report.  In which, it details how Peruvian gold and silver production, in the year’s first two months, are down, unexpectedly, by 11% and 12%, respectively, from a year ago.  Which is q
Friday, April 21, 2017
Michael Pento - Delta Global Advisors
Fed Will Cause a 2008 Redux
Truth is a rare commodity on Wall Street. You have to sift through tons of dirt to find the golden ore. For example, main stream analysis of the Fed's current monetary policy claims that it will be able to normalize interest rates with impunity. That assertion could not be further from the truth. The fact is the Fed has been tightening monetary policy since December of 2013, when it began to taper the asset purchase program known as Quantitative Easing. This is because the flow of bond
Wednesday, April 19, 2017
Mish - Global Economic Analysis
Free Money! Banks Paid $22 Billion to Not Lend?
Excess reserves of depository institutions peaked at $2.7 trillion in August of 2014. By December of 2016, excess reserves fell to $1.9 trillion but have since climbed back to $2.2 trillion. On October 3, 2008, Section 128 of the Emergency Economic Stabilization Act of 2008 allowed the Federal Reserve banks to begin paying interest on excess reserve balances (“IOER”) as well as required reserves. The Federal Reserve banks began doing so three days later. As interest rates have risen, so has the
Tuesday, April 18, 2017
Ron Paul
The Federal Reserve Is, and Always Has Been, Politicized
Audit the Fed recently took a step closer to becoming law, when it was favorably reported by the House Committee on Oversight and Government Reform. This means the House could vote on the bill at any time. The bill passed by voice vote without any objections, although Fed defenders did launch hysterical attacks on the bill during the debate as well as at a hearing on the bill the previous week. One representative claimed that auditing the Fed would result in rising interest rates, a
Monday, April 17, 2017
Antal E. Fekete - Gold University
  Fiat Money in Death Throes 
"Banking was conceived in iniquity and born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take away that power, and all the great fortunes like mine will disappear -- as they ought to in order to make this a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, then let them continue to create deposits." ~ Sir Josiah Stamp (1880-1941), one time governor of the Bank of England, in his Commencement Address at the University of Texas in 1927. Reportedly he was the second wealthiest individual in Britain.
Saturday, April 15, 2017
Phoenix Capital - Gains Pains & Capital
Yellen's Setting Up the Markets For Their Third Fed-Caused Crash
Janet Yellen is playing with matches next to a $20 Trillion Debt Bomb. During her speech at the Gerald R. Ford School of Public Policy in Michigan, Yellen stated that the biggest risk to monetary policy is for the Fed to “get behind the curve” regarding inflation. To that end, the Yellen Fed has already raised interest rates twice in the last six months.  And it is pushing for yet another rate hike in June. However, Yellen as usual is missing the bigger issue: the risk of DEBT deflation triggere
Saturday, April 15, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold and Silver Well Bid Into Long Holiday Weekend
USAGOLD/Peter Grant/04-13-17 Gold is consolidating the latest round of gains before the long holiday weekend. U.S., UK and most European markets are closed tomorrow in observance of Good Friday. Both gold and silver legged higher yesterday, boosted by a falling dollar after President Trump once again expressed some concerns about dollar strength in an interview with The Wall Street Journal. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in
Thursday, April 13, 2017
Bullion Vault
Gold Price 'Within $5' of Breaking 2011 Downtrend on Comex Frenzy, Yen Correlation, But Physical Demand AWOL
GOLD PRICES jumped to new 5-month highs above $1286 per ounce Thursday morning but curbed their gains for non-Dollar investors after the US currency fell hard on President Trump's comment that the greenback "is getting too strong." Despite easing from the 13-year highs reached immediately after Trump's election last November, "Partially [this strength] is my fault because people have confidence in me," Trump told the Wall Street Jou
Thursday, April 13, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold Remains Well Bid Near 5-Month Highs
USAGOLD/Peter A. Grant/04-12-17 Gold remains well bid in the wake of solid gains on Tuesday. The yellow metal is now up more than 10% year-to-date. Silver is up more than 15% on the year, despite the fact this is has been unable to take out its previously established high from February at 18.48. According to Janet Yellen, the Fed is pivoting from stimulus to sustain mode, even as considerable growth risks persist. The WTO sees global growth between 1.8 and 3.6% this year, amid “deep uncertainty”
Wednesday, April 12, 2017
Mish - Global Economic Analysis
Yellen’s Self-Serving Assessment: Fed is “Doing Pretty Well”
Now that the bubbles have been blown (but still remain invisible to the Fed), Fed Chair Janet Yellen Yellen conveniently pats herself and the Fed on the back for a job piss-poorly done. Her self-serving assessment is the Fed is “doing pretty well”. And her new message of the day is Era of Stimulative Monetary Policy Is Ending. Federal Reserve Chairwoman Janet Yellen indicated Monday that the era of extremely stimulative monetary policy was coming to an end. In a public discussion at the Univer
Wednesday, April 12, 2017
Michael J. Kosares - USA Gold
Quick observation on gold being up sharply this morning
Many who offer up their analysis on the gold market will attribute today’s sharp rise to the geopolitical environment, which is fraught with danger to say the least and certainly a contributor.  But that’s not the whole of what is driving the gold market in recent days.  A second, and not-to-be-underplayed, factor is the prevailing and publicly well-cultivated policy of the Federal Reserve toward interest rates, up to and including Janet Yellen’s most recent comments.* The first provides momentu
Wednesday, April 12, 2017
Bullion Vault
Gold Price Jumps Through 'Resistance' as Trump Says US Will Go Alone vs. N.Korea, G7 Rebukes UK Over Russia
GOLD PRICES rose above what analysts called 'technical resistance' to break $1260 per ounce Tuesday afternoon in London as Donald Trump's switch in foreign policy against Syria and North Korea again made headlines worldwide. After the unilateral US action against Syria's Assad regime last week, President Trump said he will "solve" the rogue Asian state and its nuclear-weapons ambitions with or without China's help.
Tuesday, April 11, 2017
USA GOLD - USA Gold
Yellen Signals Shift From Stimulating Economy to Sustaining Growth
NYT/Binyamin Appelbaum/04-10-17 Janet L. Yellen, the Federal Reserve chairwoman, said Monday that the Fed was shifting its focus from stimulating the economy to keeping growth on an even keel. She said the economy was “pretty healthy,” thanks in part to the Fed’s long-running stimulus campaign, which the central bank is moving to end. “Looking forward, I think the economy is going to continue to grow at a moderate pace,” Ms. Yellen said during an event at the University of Michigan. “Our job is
Tuesday, April 11, 2017
Michael Pento - Delta Global Advisors
Trump's Biggest Enemy is the Fed 
Right on the heels of Donald Trump's stunning election victory, Democrats began to diligently work on undermining his presidency. That should surprise no one. It's just par for the course in partisan D.C. However, what appears to be downright striking is that the Keynesian elites may have found a new ally in their plan to derail the new President...the U.S. Federal Reserve. First, it's important to understand that the Fed is populated by a group of big-government tax and spend liberal
Monday, April 10, 2017
Bullion Vault
Gold Prices Drop $20 ...
GOLD PRICES moved further below Friday's sudden 5-month high on Monday despite growing geopolitical tensions over Syria and North Korea, under pressure from a stronger US Dollar, writes Steffen Grosshauser at BullionVault. The Dollar rose to a 1-month high against the Euro while crude oil rebounded another 1% after Friday's spike and sell-off. Gold slipped from last week's Comex fin
Monday, April 10, 2017
Jim Willie CB - Hat Trick Letter
Gold Standard Challenges
Scattered recent analysis has centered upon the Gold Standard and its viability within the global financial system. The topic is certainly very blurred and at times confusing. Consider a recent article by a competent analyst Charles Hugh Smith of the site OfTwoMinds on the practicality of gold used as a standard. The article is entitled “The Problem With Gold-Backed Currencies” (which is found HERE and also on Lew Rockwell site HERE). He makes several points, many good ones. In the Jackass opini
Saturday, April 8, 2017
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