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Articles related to Money Supply
 
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
Frank Shostak
How Central Banks Enable the Money-Creation Process
According to traditional economics textbooks, the current monetary system amplifies the initial monetary injections of money. The popular story goes as follows: if the central bank injects $1 billion into the economy and banks have to hold 10% in reserve against their deposits, this will cause the first bank to lend 90% of this $1 billion. The $900 million in turn will end up with the second bank, which will lend 90% of the $900 million. The $810 million will end up with a third bank, which in t
Saturday, March 11, 2017
Mark O'Byrne - gold.ie
Gold $10,000 Coming – “Time To Prepare Is Now”
James Rickards: Long-Term Forecast For $10,000 Gold James Rickards, geopolitical and monetary expert and best selling author of the ‘The New Case for Gold’ has written an interesting piece for the Daily Reckoning on why he believes gold will reach $10,000 in the long term. Gold in USD Adjusted for Inflation 1970-2017 – Macrotrends.net He warns of the many systemic and geopolitical risks including the EU elections, from nuclear North Korea, tensions with Iran and “rapidly rising tensions between
Friday, March 10, 2017
Michael Pento - Delta Global Advisors
Markets Have Priced in Trump Getting EVERYTHING He Wants... What If
Transcript Below: Mike Gleason: It is my privilege now to welcome in Michael Pento president and founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a money manager and who ascribes to the Austrian School of Economics and has been a regular guest on CNBC, Bloomberg, Fox Business News, and also the Money Metals podcast. Michael, it's great to have you on with us again, and thanks so m
Monday, March 6, 2017
Sprott Money
The Deep State’s Gold Scam And The Demonization Of Russia - Dave Kranzler/Stewart Dougherty 
Guest post from Stewart Dougherty: As the Fiscal Year 2018 budget, and particularly its war component are floated, it has become clear that without continued, massive military spending, paid for with mass-produced electrons masquerading as money, U. S. GDP would collapse, taking the country’s financial and monetary systems with it. The nation, whose real economy has been hollowed out, for profit, by the Deep State plunderers, has become significantly reliant upon deliberately contrived war
Saturday, March 4, 2017
Frank Shostak
High Prices Don't Cause Economic Bubbles
It has become almost mainstream that bubbles are an important cause of economic recessions. The main question posed by experts is how one knows when a bubble is forming.The common view is that if the central bankers knew the answer to this question then they might be able to prevent bubbles from forming in the first place and thus prevent recessions.A Nobel Laureate in economics, Robert Shiller, argued that bubbles could be diagnosed using the same methodology that psychologists use to diagnose
Wednesday, March 1, 2017
Captain Hook - Treasure Chest
Is It All About The Donald?
While everybody’s attention is glued to The Donald on this side of the pond (for all the wrong reasons?), big things, national election things, are happening in Europe this year, starting next month. First we have the Dutch General Election on March 15, which could start the ball rolling towards a breakup of the Europe Union (EU) this year, and not a word from the mainstream media (MSM) in America, only a month away now. Then we have French Presidential Election in April, and Legislative Electio
Monday, February 27, 2017
Mish - Global Economic Analysis
Instant Tax Collection: As Bitcoin Surges to Record High, China Prepares is Own Digital Currency
Bitcoin hit an all-time high of $1,172.09. Traders are happy because the SEC is expected to rule on a Bitcoin ETF by March 11. Meanwhile, Bloomberg reports China Is Developing its Own Digital Currency. After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central banks to issue digital money that can be used for anything from buying noodles to purchasing a car.
Friday, February 24, 2017
Frank Shostak
Why Government Spending Matters More than the Size of the Deficit
Budget deficits are often in the media spotlight. The budget deficit is defined as the difference between what the government spends and what the government collects. When the government spends more than it collects, a budget deficit exists. When the government collects more than it spends, a budget surplus emerges.The conventional view is that one can show that budget deficits reduce national saving. National saving is typically defined as the sum of private saving (the after-tax income that ho
Friday, February 24, 2017
Frank Shostak
Debt Isn't a Problem — Easy-Money Policies Are the Problem
According to the flow of funds data published by the Fed, the US debt to GDP ratio remains at a lofty level. Non-financial sector debt as a percentage of GDP stood at 251.7% in Q3 2016 against 230.1% in Q1 and 184.3% in Q1 2000.Consumer credit as a percentage of GDP also remains at a record high — it stood at 19.9% in Q3 2016 against 15.8% in Q1 2000. Most economic commentators regard these high ratios as alarming. Following in the footsteps of economist Irving Fisher, it is held that a
Sunday, February 19, 2017
Sprott Money
The Sudden Onset of Inflation - Craig Hemke
Isn't it interesting that, all of a sudden and after eight years of supposedly flat prices and deflation fears, all the rage is "surging inflation" and this phenomena may "force the Fed to act" to raise rates again as soon as March? I don't know. Maybe there really is a sudden surge of price inflation? How would I know when I'm just a dope with a MacBook? However, I think it's fair to be more than a little skeptical..especially when it comes to the efficacy of government-created data. Is
Wednesday, February 15, 2017
Frank Shostak
"Real Wealth" vs. the Boom-Bust Cycle
For many, it has now become settled wisdom that the massive monetary pumping by the US central bank during and after the 2008 financial crisis saved the US and the world from another Great Depression. Hence Federal Reserve Chairman at the time – Ben Bernanke (AKA “Helicopter Ben”) – is considered the man that saved the world. Bernanke in turn attributes his actions to the writings of Professor Milton Friedman who blamed the Federal Reserve for causing the Great Depression of the 1930’s by allowi
Tuesday, February 14, 2017
Sprott Money
When the Money Supply Dries Up - Jeff Thomas
In 1944, the US had been the primary supplier for arms for the allies during World War II and, as such, exited the war with more wealth than any of the other nations that had entered the war earlier, draining their treasuries of money. Since payment was largely demanded in gold, the US held three-quarters of the world’s gold and therefore was in a position to call the shots with regard to the free world’s economic future. At Bretton Woods, the US took advantage of this situation, setting up the
Monday, February 13, 2017
Phoenix Capital - Gains Pains & Capital
The West Will Become The New ‘Third World’: PricewaterhouseCoopers
Hold your real assets outside of the banking system in one of many private international facilities  -->    https://www.sprottmoney.com/intlstorage  The West Will Become The New ‘Third World’: PricewaterhouseCoopers Written by Jeff Nielson (CLICK HERE FOR ORIGINAL) First World The term “First World” refers to so called developed, capitalist, industrial countries, roughly, a bloc of countries aligned with the United States after word war II, with more or less common political and economi
Sunday, February 12, 2017
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