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 | Eugen Von Böhm-Bawerk - Mises.org |
| Our Passive Trade Balance |
| Editor's Note: Published in January 1914 in Neue Frei Presse,"Our Passive Trade Balance" (“Unsere passive Handelsbilanz”) would prove to be Eugen von Böhm-Bawerk's last publication before his death. Ludwig von Mises mentions the article in an essay written after Böhm-Bawerk's death, but to our knowledge, this is the first time the essay has appeared in English. Nathan Keeble located a scan of the article posted by the Austrian National Archives. Translation by Kai Weiss.]As is well known, the tSaturday, December 19, 2020 |
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 | Robert P. Murphy |
| 3 Modern Arguments for Tariffs, Debunked |
| Many proponents of tariffs recognize the absurdity of tariffs as a general rule. However, they feel that there are certain, special cases in which tariffs are justified, and indeed vital to a nation's survival. In this article, I will analyze three such arguments:
I. REDUCE TRADE DEFICIT
Many people believe that a tariff on a specific country's goods is necessary whenever the United States suffers from a high trade deMonday, May 20, 2019 |
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 | Chris Powell - GATA |
| Iran's break with the dollar is easier said than done |
| A little over two weeks ago Iran eliminated another function of the U.S. dollar in its internal workings in a move positioned amid yearslong plans to reduce dependency on the greenback. The consequences will be manifold and interconnected, but there are discrepancies in views concerning what will happen as a result among experts and officials.
On Feb. 28, the Ministry of Industry, Mines, and Trade announced by way of a directive that all traders are henceforth barred from registering their imporSaturday, March 17, 2018 |
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 | Andy Hoffman - Miles Franklin |
| Hypersonic weapons and your standard of living… |
| Do you believe there is any coincidence the Russians first, followed by the Chinese … announced “hypersonic weapons”? I ask this question for several reasons and will come to a conclusion at the end but for now, with the rollout of the “petro-yuan” set for March 26 is there any coincidence we find out about these weapons now?
We were even offered proof over the weekend of successful tests. If that were not enough, what heck is this? Please take the two minutes to watch the video, these are seasoSaturday, March 17, 2018 |
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 | Thorsten Polleit |
| The Best Way to Compete with China Is to Free the Economy |
| As things stand, China holds around 20 percent, or $ 1.2 trillion, of outstanding US credit market debt. This is the result of decades of “symbiotic interaction”, if one follows the hidden message that is embedded in the neologism “Chinamerica”: Americans consume more goods from China than they export to China, and the Chinese are willingly financing the US trade deficit with their “over-savings” by holding dollars and US dollar-denominated debt. In 2017 alone, it amounted to $ 375 billion.For aMonday, March 12, 2018 |
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| SRSrocco - SRSRocco Report |
| The Amazing Amount of Gold The U.S. Exported Since 2000 |
| The U.S. exported a stunning amount of gold since the turn of the century. As the price of gold surged along with the massive increase in U.S. debt, gold exports jumped to record highs. In 2012 alone, the United States exported nearly 700 metric tons of gold. The total amount of U.S. net gold exports over the past 17 years equaled the combined gold reserves of six high ranking countries.While the U.S. exported nearly 8,000 metric tons (mt) of gold since 2001, it also imported a great deal asSunday, March 11, 2018 |
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| Andy Hoffman - Miles Franklin |
| Debt and Delusions – Part 2 |
| This article was written for Miles Franklin by Gary Christenson. Part one is available here.
The problem with debt is the creditor expects to be repaid.
Sovereign debt will be “rolled over,” never extinguished, and repaid with new debt. We delude ourselves and pretend total debt will increase forever (it can’t). That explains global debt exceeding $230 trillion today and official U.S. government debt approaching $21 trillion, with unfunded liabilities adding another $100 – $200 trillion. There aSaturday, March 10, 2018 |
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| Andy Hoffman - Miles Franklin |
| The Chicago Way Precious Metals Protection Plan |
| Do you have a plan to protect your precious metals?
You should. I’m going to tell you mine today.
I’m from Chicago.
The second city. The windy city. The city of big shoulders.
All of that sounds nice, but if you’ve live in Chicago, the phrase that is always top of mind is not so romantic.
You may have heard it before. It’s the phrase that was famously mouthed by Sean Connery in the movie “The Untouchables” when he said “THATS the Chicago Way.”
The Chicago Way.
If you live in Chicago and don’t knFriday, March 9, 2018 |
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| Andy Hoffman - Miles Franklin |
| MOPE; The Government Will Never Let It Happen … |
| How often have you heard the phrase “the government will never let it happen”? It almost doesn’t matter what the topic is you are talking about, nothing “bad” can ever really happen …or so it is thought. The reason of course is because we are so many years into “MOPE” (management of perspective economics). No matter what has happened in the past, the media, Wall Street, and the government have constantly spun the narrative to lead the “perspective”. MOPE has been with us for such a long time, itTuesday, March 6, 2018 |
|
 | Bill Holter |
| MOPE; The Government Will Never Let It Happen... |
| How often have you heard the phrase “the government will never let it happen”? It almost doesn’t matter what the topic is you are talking about, nothing “bad” can ever really happen …or so it is thought. The reason of course is because we are so many years into “MOPE” (management of perspective economics). No matter what has happened in the past, the media, Wall Street, and the government have constantly spun the narrative to lead the “perspective”. MOPE has been with us for such a long time, itTuesday, March 6, 2018 |
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| Chris Powell - GATA |
| U.S. dollar outlook darkens as trade war looms |
| * * *
Gertrude Chavez-Dreyfuss
Reuters
Friday, March 2, 2018
NEW YORK -- The U.S. dollar could face headwinds if President Donald Trump's proposals to impose stiff tariffs on steel and aluminum imports are enacted, with the biggest risk stemming from the possible flight of capital flows needed to finance ballooning U.S. deficits.
Currency markets, in general, dislike any form of trade intervention and previous protectionist efforts by the U.S. government have resulted in dollar weakness.
"The Saturday, March 3, 2018 |
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 | 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 |
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| Bullion Vault |
| Gold Bullion Hits Worst 1-Week Dollar Price Drop of 2018, Turkey-US Tensions Worsen in Syria |
| GOLD PRICES in the global wholesale center of London headed for the steepest 1-week drop of 2018 so far on Friday, holding a 1.7% loss against a stronger US Dollar as major government bond prices edged higher again from this month's sharp sell-off, nudging interest rates down.
Failing to set a 4-year weekly closing high last Friday above $1354, gold prices today held around $1329 per ounce as the US Dollar retained most of this week's rally on tSaturday, February 24, 2018 |
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 | Mark O'Byrne - gold.ie |
| US-China Trade War Escalates As Further Measures Are Taken |
| – Trade war between two superpowers continues to escalate– White House likely to impose steep tariffs on aluminium and steel imports on ‘national security grounds’– US may impose global tariff of at least 24% on imports of steel and 7.7% on aluminium– China “will certainly take necessary measures to protect our legitimate rights.”– China is USA’s largest trading partner, fastest-growing market for U.S. exports, 3rd largest market for U.S. exports in the world.– If the U.S. continues to escalate Monday, February 19, 2018 |
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| Bullion Vault |
| Start of Chinese New Year Holiday See Gold Bullion Whip on US Inflation Data, Turkey Threatens 'Ottoman Slap' |
| GOLD BULLION prices fell as the Dollar jumped on stronger-than-expected US inflation data Wednesday, only to recover the drop as fixed-income bond prices fell, pushing longer-term interest rates higher once more.
World stock markets also sank and then rallied on the news, with Germany's Dax regaining a previous 1.0% loss by mid-afternoon in Frankfurt.
Gold priced in non-US currencies also spikedWednesday, February 14, 2018 |
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 | Stewart Thomson - Graceland Update |
| Gold: The Ultimate Iron Lady |
| The appointment of Jerome Powell as new Fed chair is likely the catalyst that ushers in a multi-decade era of rising inflation and soaring gold stocks.
I’ve announced a long term target for GDX of $15,000. That really isn’t very high… given the strong inflation numbers that I am projecting for America in the years ahead.
Having said that, Powell has only been on the job for one day. Investors need to show patience. Wait to see what he actually does before taking “back up the truck” market actiWednesday, February 7, 2018 |
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 | Mish - Global Economic Analysis |
| US Weighs Venezuela Oil Sanctions: Why Haven't We Starved Enough |
| Thousands of children in Venezuela have starved to death. More are at risk. US sanctions contribute to the conditions.
The hospitals in Venezuela are overcrowded with children suffering from extreme malnutrition and dehydration. Because of hyperinflation, the Venezuelan Bolivar is all but worthless.
The country's only source of revenue is oil, but thanks to corruption and neglect, oil production is down. Making matters worse for everyone in the county, especially innocent children, the US has Tuesday, February 6, 2018 |
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| Bullion Vault |
| Powell's 1st Day as Fed Chair Sees Gold Price Bounce $5, Stocks Fall 5th Day in 6 |
| GOLD PRICES rallied $5 per ounce from Friday's $20 drop in London trade on Monday, rising to $1335 against a stronger US Dollar as a sell-off hit world stock markets for the 5th time in 6 trading days.
With former Fed governor Jerome Powell today replacing Janet Yellen as chair of the world's single most influential central bank, betting that the Federal Reserve will raise Dollar interest rates more quickly in 2018
rMonday, February 5, 2018 |
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| Mark O'Byrne - gold.ie |
| Shrinkflation Intensifies – Stealth Inflation As Thousands of Food Products Shrink In Size, Not Price |
| – Shrinkflation continues to take hold across UK, Ireland and US for sixth year running– Shrinkflation sees consumers gets less product, but at the same or increased price– 2,500 products have shrunk according to Office of National Statistics in UK– Reported inflation is between 1.7% and 3% but actually much higher– Shrinkflation is financial fraud, unreported inflation in stealth mode– Gold is hedging inflation and shrinkflation
Editor: Mark O’Byrne
Two bars of the Toblerone Swiss chocolate. NeMonday, February 5, 2018 |
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| Stewart Thomson - Graceland Update |
| Gold Stocks: An Inflationary Money Train |
| Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a “bull era.”
The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and ramped up quantitative easing. There’s an outside chance that bank deregulation is addressed, but that’s likely going to happen in the next meeting.
Regardless, everything the Fed is doing is positive for inflation, negative for government bonds, and negative Wednesday, January 31, 2018 |
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