Articles related to fixed
Frank Shostak
  What Is the Correct Amount of Money?
Most economists believe that a growing economy requires a growing money stock, on the 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
Wednesday, September 20, 2017
Mark O'Byrne -
Global Debt Bubble Understated By $13 Trillion Warn BIS
– Global debt bubble may be understated by $13 trillion: BIS – ‘Central banks central bank’ warns enormous liabilities have accrued in FX swaps, currency swaps & ‘forwards’ – Risk of new liquidity crunch and global debt crisis – “The debt remains obscured from view…” warn BIS Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the BIS said on Sunday. B
Tuesday, September 19, 2017
Keith Weiner - Monetary Metals
Bitcoin is Precise but not Accurate, Gold Silver Report 17 Sep 2017
Previously, we have discussed the issue of a currency’s backing. From comments and emails, we realize this topic could use a bit more illumination. And there are some related concepts that should be addressed at the same time. Let’s start with an analogy, the engineering concepts of accuracy and precision. These related words are oft-confused, but not the same thing.  The former refers to how close a measurement gets to reality, and the latter refers the repeatability of the measurement. If you
Monday, September 18, 2017
Chris Powell - GATA
Hugo Salinas Price: Dollar's reserve status ruined U.S. economy
The United States destroyed its own economy by elevating the dollar as the world reserve currency, the president of the Mexican Civic Association for Silver, Hugo Salinas Price, writes. Once the Bretton Woods agreement in 1944 made the dollar the reserve currency and the dollar's convertibility to gold at a fixed rate was ended in 1971, Salinas Price writes, "The key for all countries was to undersell U.S. producers of whatever the rest of the world had for sale. There was no other way to obtain
Monday, September 18, 2017
Mish - Global Economic Analysis
A Silver Coin for Mexico: History Lesson and a Stellar Proposal
My friend Hugo Salinas Price, a tireless promoter of sound money, offers a Primer on the Mexican ‘Libertad’ Silver Ounce as a Vehicle for Savings of the Common Folk. This is a guest post by Hugo Salinas Price. Due to its length, I will not use block quotes. My comments appear at the conclusion. A Primer on the Mexican ‘Libertad’ Silver Ounce as a Vehicle for Savings of the Common Folk Hugo Salinas Price Who created the Mexican silver peso known as the “0.720 Peso”? President of Mexico Venustia
Thursday, September 14, 2017
Wolf Richter
The Terrible Facts about the Real Earnings of Men
The income data from the Census Bureau is here. Men, sit down. On the surface, the data looks benign, with trends improving. And this is what you will see when you look at the media coverage of the Census Bureau’s Income and Poverty report (PDF) released today: Median household income, adjusted for inflation (via CPI), rose 3.2% between 2015 and 2015 to $59,039, the second year in a row of annual increases. For “family households,” the median income rose 2.7% to $75,062. For “nonfamily househol
Wednesday, September 13, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 10
This Insight continues the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the fifth chapter of Section II.View the Entire Research Piece as a PDF here.An Unstable Equilibrium“A Nash equilibrium is defined as a strategy combination with the
Wednesday, September 13, 2017
Bullion Vault
Gold Prices Drop 0.5 After Comex Net Long Doubles 10-Year Average But Irma + N.Korea Risks Recede
GOLD PRICES fell from last week's 12-month highs on Monday morning in London as the Dollar rebounded and global stocks hit new highs after Hurricane Irma was downgraded to a 'storm' and the weekend passed without North Korea testing any nuclear weapons to mark its national foundation day, writes Steffen Grosshauser at BullionVault. Spot gold bullion retreated to $1335 per ounce after reaching above $1356 on Friday, while the US Dollar Index clim
Monday, September 11, 2017
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
Keith Weiner - Monetary Metals
Monetary Metals Fund Leases Silver at 1
Gold Exponential Fund utilizes Monetary Metals leasing program Scottsdale, Ariz, September 7, 2017—Monetary Metals announces that its Gold Exponential Fund™ is leasing silver at a cost of 1% per annum. By leasing metal, the Fund adds a fixed-cost tier to its capital structure. The Fund has access to leverage at a rate well under LIBOR, and hence below the cost of other funds. The Fund obtained the metal via another Monetary Metals entity, which provides gold financing to businesses and pays a fi
Monday, September 11, 2017
Charleston Voice
FOMC Minutes from 1967 Illuminating Central Bank Gold Price Suppression, Market Manipulations
The issue before us here is not so much the mechanics of deception, but the tenacity and conviction of the banking cartel to use any means to protect themselves.
Sunday, September 10, 2017
Sprott Money
The Coming Run On Banks And Pensions - Dave Kranzler
“There are folks that are saying you know what, I don’t care, I’m going to lock in my retirement now and get out while I can and fight it as a retiree if they go and change the retiree benefits,” he said. – Executive Director for the Kentucky Association of State Employees, Proposed Pension Changes Bring Fears Of State Worker Exodus The public awareness of the degree to which State pension funds are underfunded has risen considerably over the past year. It’s a problem that’s easy to hid
Saturday, September 9, 2017
Peter Schiff - Euro Pacific Capital
Blowing Off The Roof
Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling. Although the outcome was always a foregone conclusion (the ceiling would be raised), the excitement came when fiscal conservatives bemoaned the perils of runaway debt and “attempted” to exact spending restrictions through threats “to shut down the government,” (which often led to news coverage of tourists being turned away from national parks.) On the othe
Saturday, September 9, 2017
Alasdair Macleod - Finance and Eco.
Further thoughts on Gibson’s paradox
“The paradox is one of the most completely established empirical facts in the whole field of quantitative economics.” – John Maynard Keynes“The Gibson paradox remains an empirical phenomenon without a theoretical explanation” -Friedman and Schwartz“No problem in economics has been more hotly debated.” - Irving FisherIntroductionTwo years ago, I found a satisfactory solution to Gibson’s paradox.i The paradox is important, because it demonstrated that between 1750-1930, interest rates in Britain c
Friday, September 8, 2017
Michael J. Kosares - USA Gold
When the United States Owned Most of the Gold on Earth
Few Americans know that, just after World War II, the United States owned most of the gold bullion on earth – about 22,000 metric tonnes. In fact by 1945, it owned over 80% of the gold held by nation-states and central banks – an impressive display of economic power. Now it owns just over 8000 metric tonnes, which repr
Thursday, September 7, 2017
Adam Hamilton - Zealllc
Silver Miners’ Q2’17 Fundamentals
The silver miners’ stocks have largely languished this year, grinding sideways near lows for months on end.  This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor.  But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment.  The silver miners’ recently-reported Q2’17 results reveal today’s silver prices remain profitable. Four times a year publicly-trade
Sunday, September 3, 2017
Alasdair Macleod - Finance and Eco.
Gold – crossing the Rubicon
Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, signalling a dollar that will continue to weaken.The factors driving the dollar lower are several and disparate. The US economy is sluggish relative to the rest of the world, the rise of Asia from which America is excluded is unstoppable, geopolitics are shifting away from US global dominance, and the end is in sight for monopolistic
Sunday, August 27, 2017
Adam Hamilton - Zealllc
Gold Juniors’ Q2’17 Fundamentals
The junior gold miners’ stocks have spent months grinding sideways near lows, sapping confidence and breeding widespread bearishness.  The entire precious-metals sector has been left for dead, eclipsed by the dazzling Trumphoria stock-market rally.  But traders need to keep their eyes on the fundamental ball so herd sentiment doesn’t mislead them.  The juniors recently reported Q2 earnings, and enjoyed strong results. Four times a year publicly-traded companies
Sunday, August 27, 2017
Michael Pento - Delta Global Advisors
  Cryptocurrencies: Modern Day Alchemy
Cryptocurrencies make good currencies, but fail miserably when trying to achieve the status of money. Cryptocurrencies are both created and held electronically inside a virtual wallet. These digital currencies use encryption techniques to regulate the generation of new units and to verify the transfer of funds. Cryptocurrencies operate independently of governments and are decentralized. The most popular cryptocurrency now is Bitcoin. Bitcoin has risen in popularity because, unlike government-bac
Sunday, August 27, 2017
Chris Martenson
Why The Shale Oil "Miracle" Is Becoming A "Debacle"
Energy is everything.  This is an amazingly important concept. Yet it's almost universally overlooked. Sometimes it’s hard to appreciate the magical role energy plays in our daily lives because most of what we experience is a derivative of it. The connection is hidden from direct view.  Because of this, most people utterly fail to detect or appreciate the priceless and irreplaceable role of high net-energy fuel sources (such as oil and gas) to our modern lifestyle. With high net-energy, society
Friday, August 25, 2017