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Gold & Silver Prices in
Articles related to Money Supply
 
FoFOA
All Paper is STILL a short position on gold 
The gold derivatives pyramid is a vigorous free market creature. It cannot be put down with a simple declaration that the paper is no longer redeemable in gold, as governments did with currency. It is a short selling scheme that has become a trap from which few short sellers will escape
Tuesday, April 25, 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
Frank Shostak
What Is the "Correct" Growth Rate of the Money Supply?
Most economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money, which must be accommodated.Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession or, even worse, depression.Since growth in money supply is of such importance, it is not surprising that economists are continuously searching for the right
Thursday, April 20, 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
Nathan Lewis - New World Economics
  The Story of Gold Money, Past, Present and Future, by Edwin Walter Kemmerer
There aren’t a lot of good books about the gold standard — the monetary system of the world until 1971 — after WWI. There aren’t a lot before WWI either, but it starts to get pretty bad after 1920. Ralph Hawtrey’s books have some merits, but they also have too many errors to serve as a definitive source. Gold and the Gold Standard: The Story of Gold Money, Past, Present and Future (1944) is something of an exception to this pattern. Edwin Walter Kemmerer was a professor at Princeton. Wikipedia o
Wednesday, April 19, 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
Adrian Ash - Bullion Vault
Turkey Targets 'Under the Pillow' Gold Again
Tries India's failed bonds & monetisation as bank-deposit gold buying falls... The GOVERNMENT of Turkey – formerly the 4th largest gold-buying nation – is targeting the country's huge private holdings with two new investment schemes aimed at releasing the value of this 'under the pillow' gold into the financial system. Bordering the European Union on one side and civil-war torn Syria
Thursday, April 6, 2017
Adrian Ash - Bullion Vault
Inflation and human nature
"...Scrabbling in the earth for a fresh source of cash, the gold & silver miners of 13th century Europe proved that the money supply never simply increases as if by magic..."
Wednesday, April 5, 2017
USA GOLD - USA Gold
Venezuela money supply up 200 percent in year, fastest rise on record
Reuters/Girish Gupta/04-03-17 Crisis-stricken Venezuela’s money supply has surged over 200 percent in a year, its fastest rise since records began in 1940, putting it on track for what is likely the world’s highest inflation. Soon after a month-long hiatus from publication, the central bank said late on Friday the total amount of local currency in circulation – known as M2 by economists – as of March 24 was 13.3 trillion bolivars, up 202.9 percent from a year earlier. In contrast, the United Sta
Tuesday, April 4, 2017
Michael Pento - Delta Global Advisors
Trump's Reflation Trade is Deflating
The election of the 45th President brought with it great enthusiasm for the U.S. economy to break out of its eight-year growth malaise and to provide it with a huge adrenaline shot of inflation. But the optimism behind Trump's economic agenda took a serious blow with the inability of House Republicans to even get a vote on repealing and replacing Obamacare. According to current investor sentiment, supplanting the "Unaffordable Care Act" would expedite the passage of tax cuts and infras
Monday, April 3, 2017
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.
Sunday, April 2, 2017
Frank Shostak
Is the Demand for T-bills Driving Treasury Deposits at the Fed?
On October 2016, the US Money Market Fund (MMF) industry underwent a reform with new requirements for US institutional prime and municipal MMFs becoming effective. Under the new US MMF regulations, institutional prime and municipal MMFs are required to change from a fixed net asset value (NAV) to a floating NAV and adopt provisions to consider liquidity fees and redemption gates. However, government and Treasury MMFs were given a reprieve from these structural changes because of their perceived low risk and high liquidity.
Friday, March 31, 2017
Sprott Money
The System Needs To Reset and It Will Be Painful - Rory Hall/Dave Kranzler
To anyone who has researched the facts in search of “the truth,” it’s painfully obvious that the U.S. political and financial system needs to be reset. The most productive way to do this would be be build a wall around Capitol Hill and Wall Street, burn them to the ground and move the new Government capitol somewhere far from the east coast. In many ways, it’s quite fitting that the U.S. Government is physically situated on what was formerly swamp land because the Government itself has be
Monday, March 27, 2017
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
Monday, March 27, 2017
Nathan Lewis - New World Economics
The Bank of England, 1720-1913
In 1844, there was a new regulation of the Bank of England, which separated the Bank into an Issue Department and a Banking Department. The Issue Department was solely responsible for issuing and managing banknotes, or "currency in circulation." The Banking Department was responsible for lending, including deposits. We recognize today that deposits at the currency issuer (central bank) are a form of base money, much like banknotes, because they are accepted as an ultimate form of payment. Thus, what we now recognize as "base money" was split between the two Departments. This introduced some funny issues, which we may talk about in much more detail later.
Saturday, March 25, 2017
Andy Hoffman - Miles Franklin
PiMBEEB-A-LOOZA
This is the first week I can remember, in which every day, I awoke to so many “horrible headlines,” I couldn’t determine which to focus on.  Which is why, articles like yesterday’s “all out political, economic, and financial war” have been commonplace; in which, I comment on myriad topics, from the four corners of the planet; which invariably, are tied to the same root cause.  I.e., the catastrophic, terminal phase of history’s largest, most destructive fiat Ponzi scheme. Consequently, I’m creat
Friday, March 24, 2017
Frank Shostak
Understanding Money Creation and the Trade Balance
According to conventional analysis, a key factor in exchange rate determination is the state of the balance of payments. It is held that as long as the US continues to run a large trade account deficit, which stood at $48.5 billion in January 2017, this is likely to keep pressure on the US dollar exchange rate against other currencies.Following this logic, an increase in imports gives rise to an increase in a demand for foreign currency. To obtain the foreign currency importers will sell the dom
Thursday, March 23, 2017
Sprott Money
Gold Silver Soar After The Fed’s Clown Show - Rory Hall/Dave Kranzler
The Federal Reserve’s FOMC predictably nudged the Fed Funds rate up 25 basis points (one quarter of one percent) to set its “target” Fed Funds rate level at .75%-1%. Nine of the faux-economists voted in favor of and one, Minneapolis Fed’s Neil Kashkari, voted against the meaningless rate hike. Or is it meaningless? Ex-Goldman Sachs banker Neil Kashkari was one of the Treasury’s Assistant Secretaries when the Government made the decision to bail out Wall Street’s biggest banks with nearly $
Monday, March 20, 2017
Frank Shostak
  How the Fed Operates — And Why It's a Problem
We are often asked about the mechanisms by which the US Federal Reserve Board (the Fed) influences the level of US interest rates and whether these mechanisms also influence the level of the US money supply. It has long been regarded that the Fed no longer inflates and contracts the money supply but rather simply acts to target interest rates. The purpose of this brief paper is to clarify how the Fed works and the impact that its operations have on the money supply. The main market through which
Saturday, March 18, 2017
Frank Shostak
By Itself, a Chinese Sell-Off in US Debt Won't Imperil the Dollar
After climbing to $1.315 trillion by July 2011, China’s holdings of US Treasuries have been in a downtrend closing at $1.058 trillion by December last year — a fall of 19.5%.As a percentage of total foreign holdings of US Treasuries, China’s holdings fell from 28.2% in July 2011 to 17.6% by December 2016.There is a strong consensus view that a sharp fall in China’s holdings of US Treasuries could seriously weaken the US dollar and cause a significant rise in the US interest rate structure. How r
Wednesday, March 15, 2017
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