| Articles related to Polaris |
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 | Nathan Lewis - New World Economics |
| God, Gold and Guns |
| We’ve been looking into One Nation Under Gold (2017), by James Ledbetter.
October 2, 2017: One Nation Under Gold (2017), by James Ledbetter
October 14, 2017: One Nation Under Gold #2: The Silliness of the Bretton Woods Years
Now, we will follow Ledbetter’s account of the end of Bretton Woods in 1971, up to the present.
The account of the 1971 devaluation was, following the pattern of this book, long on details but short on insight. It seemed to people at the time that they “had no choice,” thatSaturday, October 24, 2020 |
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| Nathan Lewis - New World Economics |
| Blame Gold |
| We have been talking about The Midas Paradox (2015), by Scott Sumner.
July 23, 2017: The Midas Paradox (2015), by Scott Sumner.
As you probably guessed from the three-word title, the book can be summarized in two words, which are: “blame gold.”
This, as we have seen, is actually a relatively new notion, even if it enjoys some popularity today. The general consensus, which later (after 1950) became the Keynesian consensus, did not blame gold, or indeed, monetary policy in general, for the Great DFriday, July 3, 2020 |
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| Nathan Lewis - New World Economics |
| Alan Reynolds Argues For the Gold Standard, 1982 |
| Here are Allan Meltzer and Alan Reynolds, arguing for Monetarism and the gold standard, in 1982. I think it is an interesting exchange. You could say that things haven’t changed much since then. But, I don’t think that is true. Nobody really takes the Monetarism of that era seriously anymore. The Monetarists themselves had to give up all the fantasies of those days, and are now on what I call third-generation Monetarism, which is Nominal GDP Targeting.
There is a lot of talk about “rules-based” Monday, September 11, 2017 |
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| Nathan Lewis - New World Economics |
| Much Ado About Nothing |
| We’ve been talking about The Midas Paradox (2015), by Scott Sumner.
July 23, 2017: The Midas Paradox (2015), by Scott Sumner
July 31, 2017: The Midas Paradox #2: Blame Gold
August 3, 2017: The Midas Paradox #3: It’s So Because I Say It Is
Today, I promised that we would take a look at some of these “supply and demand for gold” factors that Sumner talks about. Supply is pretty stable during this time, either in terms of mining or aboveground gold, so it is really about demand.
I’ve talked about tSaturday, August 5, 2017 |
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| Nathan Lewis - New World Economics |
| the Final Standard |
| Gold: the Final Standard (2017), my third book about monetary topics, is now available in both eBook and print formats. I thought I would say a few words about how it came about.
It forms the third book of a sort of “gold trilogy,” as I see it, following Gold: the Once and Future Money (2007) and Gold: the Monetary Polaris (2013). Things were not really planned out that way, but I have the sense that it brings a level of completion to the topic. There will likely be more books in the future, soTuesday, June 6, 2017 |
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| Nathan Lewis - New World Economics |
| Robert Mundell's Interpretation of the Interwar Period 2: the "Mundell-Johnson hypothesis" |
| We're continuing our look into the various notions that Robert Mundell
brought up in his 1999 Nobel speech, regarding the Interwar Period,
1914-1944.
November
6, 2016: Robert Mundell's Interpretation of the Interwar Period
October
30, 2016: Nonmonetary Perspectives on the Great Depression 3:
Nonmonetary Causes
October
23, 2016: Nonmonetary Perspectives on the Great Depression 2: Steindl,
Schwartz, and Eichengreen
October
16, 2016: Nonmonetary Perspectives on the Great Depression
October
2Monday, November 14, 2016 |
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| Nathan Lewis - New World Economics |
| Nonmonetary Perspectives on the Great Depression 2: Steindl, Schwartz, and Eichengreen |
| We've been looking at the history of "nonmonetary interpretations of
the Great Depression" -- the idea that the onset of the Great
Depression was not caused by some kind of monetary factor. This was
actually the most common view, until the 1960s, and remains a common
view today among academics.
October
16, 2016: Nonmonetary Perspectives on the Great Depression
Now let's look at Monetary Interpretations of the Great Depression (1995),
by Frank Steindl. This comes twenty years after Temin (1976)Sunday, October 23, 2016 |
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| Nathan Lewis - New World Economics |
| The Interwar Period, 1914-1944 |
| All through this year, we've been exploring various things that have
been said about the Interwar Period, which I call 1914-1944 although
you could extend it perhaps to 1950. The Bretton Woods Agreement dates
from 1944, but there was still a lot of turmoil afterwards, including
hyperinflation in Germany, Japan and China (plus the victory of the
communists in China) before all three countries established a new gold
standard basis in 1949-1950. Even the Bretton Woods signatories had a
lot of turmoThursday, October 6, 2016 |
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| Nathan Lewis - New World Economics |
 The "Giant Rise in the Value of Gold" Theory of the 1930s 3: Supply and Demand |
| We've been looking into the idea that there was some kind of sudden and
very large rise in the value of gold, beginning in late 1929, that was
a major contributor to the Great Depression.
September
11, 2016: The "Giant Rise in the Value of Gold" Theory of the 1930s
September
18, 2016: The "Giant Rise in the Value of Gold" Theory of the 1930s 2:
Never Happened Before
Some of the conclusions we've come to so far:
1) There is no evidence of any similar
event in the previous 500 years.
2Sunday, September 25, 2016 |
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| Nathan Lewis - New World Economics |
| Are the Gold Guys Ready For Prime Time |
| For now, everybody is terrified of rocking the boat. They sense that
things could easily spiral into crisis – currency crisis, banking
insolvency, derivatives breakdown, sovereign default, pension
insolvency, perhaps accompanied by some changes in governments
themselves. The stock market might go down.
But, the boat will probably rock itself before too long. There’s a chance that monetary reform will begin to happen as early as 2018. China and Russia are already getting ready. Judy Shelton, a wSaturday, September 3, 2016 |
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| Nathan Lewis - New World Economics |
| What Is "Sterilization" 2: The Complexity of Central Bank Activity |
| We have been talking about the term "sterilization," and various
situations to which it is applied.
August
28, 2016: What Is "Sterilization"?
Look at the previous item to see the first three examples. By the way,
that item was significantly updated, and is worth a re-read.
Now we will look at the fourth, and perhaps most complicated, notion of
"sterilization," having to do with the regular activities of central
banks in the pre-1930 (and especially pre-1914) period.
At its simplestSaturday, September 3, 2016 |
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| Nathan Lewis - New World Economics |
| What Is "Sterilization" |
| The word "sterilization" is one of those economic terms -- like
"inflation," "deflation," the "balance of payments," and several others
-- with no clear meaning. It is applied to a wide variety of situations
which are actually very different, in their causes and outcomes. This
is confusing; and, like those other terms as well, it tends to be used
by people who are confused.
The basic idea behind "sterilization" is a situation in which a central
bank increases its holdings of one asset and decSaturday, August 27, 2016 |
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| 24hGold - Publicnow |
| Polars Materials Schedules Second Quarter 2016 Earnings Release And Conference Call |
| July 27, 2016
VANCOUVER, BC - Polaris Materials Corporation ('Polaris' or the 'Company') (TSX:PLS) plans to release second quarter 2016 results on Tuesday, August 9, 2016 after the close of trading on the TSX. The results will be available on SEDAR (www.sedar.com) and also on the company's web site at www.polarismaterials.com. In conjunction with the release, Polaris has scheduled an investor conference call which will be held on Wednesday, August 10, 2016 at 11:00am Eastern time (8:00am PacifTuesday, August 2, 2016 |
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| Nathan Lewis - New World Economics |
| Blame France |
| This year, I've been talking a bit about various interpretations of the
Great Depression. There has been a great urge, it seems, to find some
kind of monetary problem to explain the onset of the Great Depression,
preceding the British devaluation of 1931 and the various difficulties
that followed. I've never found any of these arguments very convincing.
It's worth noting that the mainstream interpretation, during that time
and until 1960 or so, was that there was not any particular monetary
probMonday, July 25, 2016 |
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| Nathan Lewis - New World Economics |
| The "Price-Specie Flow Mechanism" 2: Let's Kill It For Good |
| Recently, we've been taking a look at the "price-specie flow
mechanism", a rather stupid notion that has been around forever. It is
one of the main intellectual impediments today keeping people from
realizing how simple and easy a gold standard system, or any
fixed-value system, really is.
March
19, 2016: The "Price-Specie Flow Mechanism"
We already looked at David Hume directly, and found that he didn't
really say what people think he said. Mostly -- although Hume was a
little fuzzy -- he argMonday, July 18, 2016 |
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| 24hGold - Publicnow |
| Canarc Provides Update on Strategic Plans |
| Vancouver, Canada - July 12, 2016 - Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) is pleased to provide an update on its strategic plans going forward.
With the closing of the sale of Oro Silver in the 2nd quarter to Endeavour Silver ('Endeavour'), Canarc is now in its strongest financial position in twenty years, with approximately $6 million in cash and $6.5 million in Endeavour shares (based on the recent Endeavour share price). The enhanced treasury allows the Company to Tuesday, July 12, 2016 |
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| Nathan Lewis - New World Economics |
| The 15 (of GDP) Solution |
| “The problem with the supply-siders,” I have had several people tell me
recently, “is that they claim that, after a tax reform, tax revenue/GDP
will be stable, and revenue will actually go up.” This used to be a
good thing. Now it is a bad thing.
I am amazed to find this new consensus forming: that the Federal
government is simply much too big, and that the last thing we want to
do is actually give it more money – the increased revenue that comes
from something like a flat-tax reform and ample Friday, July 8, 2016 |
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| Nathan Lewis - New World Economics |
| A "Cashless Society" -- Based on Gold |
| A gold standard system can take on a great many practical manifestations. Before 1800, in most places it meant gold and silver coins exclusively.
In the 1950s, it meant paper money whose value was linked to gold, even
as owning gold itself had been illegal since 1933. Some time in the
future, it might mean various forms of “e-money,” where neither coins
nor banknotes are used.
A bitcoin stands in front of a U.S. one dollar bill in this arranged
photograph in London, U.K., on Friday, Jan. 29, 20Monday, June 20, 2016 |
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| 24hGold - Publicnow |
| EGO:Mineral Resources acquires ERM Power's holding in Empire |
| 5306bc06-12f3-4f94-8c41-7c72b0e32fe9.pdf
those hours that c ed - excepts on tho erson Lee prefers e
EMPIRE OIL & GAS NL
14 June 2016 The Manager
Company Announcements Office
Australian Securities Exchange 20 Bridge Street
SYDNEY NSW 2000
ASX RELEASE
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A S X C o d e E G O
G r o u n d F l o o r
2 2 9 S t i r l i n g H i g h w a y C L A R E M O N T 6 0 1 0
W E S T E R N A U S T R A L I A
T e l : + 6 1 8 9 2 8 6 4 6 0 0
F a x : + 6 1 8 9 2 8 4 6 5Tuesday, June 14, 2016 |
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| 24hGold - Publicnow |
| SILVER Canarc Completes Sale of Oro Silver and the El Compas Mine Project to Endeavour Silver for CAD$10.5 Million in Endeavour Shares |
| Vancouver, Canada - May 30, 2016 - Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has closed the sale transaction under the definitive agreement announced on May 9, 2016 with Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) pursuant to which Canarc sold to Endeavour 100% of the shares of Canarc's wholly-owned subsidiary, Oro Silver Resources Ltd., which indirectly holds a 100% interest in the El Compas Gold-Silver Mine Project ('El Compas') in Zacatecas, Mexico, inMonday, May 30, 2016 |
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