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Milton Friedman  
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PRECIOUS METALS (US $)
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Articles related to Money Supply
 
John Rubino - Dollar Collapse
They Really Mean
Nearly a century after the fact, the Great Depression remains THE object lesson for virtually every branch of economics. To monetarists the fact that the US money supply fell by nearly a third in the 1930s illustrates the need for a central bank to maintain steady money growth. To Keynesians the Depression's depth and duration proved that capitalist systems are inherently unstable and need a big, powerful government to manage them. World War II, in this framework, saved the US econom
Wednesday, September 17, 2014
Stewart Thomson - Graceland Update
Gold: Janet & Raj Stoke The Bulls
Graceland Updates By Stewart Thomson1.Gold is the ultimate asset, and I think both the bulls and bears are probably going to learn that fact, the hard way.The gold bears view QE tapering and looming US interest rate hikes, as bearish for gold, and the bulls are sure gold is ready to soar vastly higher.2.One of the features that make an asset ultimate, is price stability.Unlike the bulls and the bears, I predict that gold is going to trade sideways.3.Please click here now. Double-click to enlarge
Tuesday, September 16, 2014
Michael Pento - Delta Global Advisors
  Why Goldman Sachs is Wrong on Gold 
Wall Street powerhouse Goldman Sachs has recently reiterated its negative view on gold, which it has held for the past year. However, it is now doubling down on this view and advising clients to actually go short the metal. Jeff Currie, head of commodity research at Goldman noted "Our target is really driven by the view that we think that the Fed will ultimately be the dominate force here and put more downward pressure [on prices]". While I am in agreement with Goldman that the Fed wil
Monday, September 15, 2014
Mac Slavo - ShtfPlan
  Report: It’s YOUR Fault: Fed Says Americans Who “Hoard Money” Are To Blame For Poor Econ 
Despite arguments to the contrary from the Obama administration, mounting evidence suggests that the U.S. economy is rapidly falling back into negative growth territory. More Americans are out of the workforce than ever before, median household incomes are at levels not seen since 1967, and consumer spending is coming to a veritable standstill. The crisis is apparently so significant that a Federal Reserve governor recently said U.S. policymakers are crafting regulations that will force bank dep
Saturday, September 13, 2014
Andy Hoffman - Miles Franklin
The Lowest Inflation in Five Years!
Lately it feels like “goldbugs” have been forced to endure the trials of a job.  Trust me, no one understands this better than myself, having taken my first job in the mining industry in April 2007, the exact month the TSX-Venture index peaked; and joining Miles Franklin in October 2011, one month after “dollar-priced gold” peaked.  I can go on and on about TPTB’s “point of no return” decision in September 2011, when they realized the only way to avoid instantaneous, systemic implosion was unpre
Thursday, September 11, 2014
Stewart Thomson - Graceland Update
Gold's Transition Zone: Investor Strategy
Graceland Updates By Stewart Thomson1.The QE program created substantial hedge fund interest in gold-related ETFs.Unfortunately, QE never created the inflation the funds had anticipated.2.That’s because commercial banks held the QE money they received, “tight to the chest”, rather than loaning it to businesses and consumers.3.In a nutshell, by enlarging the money supply while GDP was falling, the Fed created deflation.4.So, if the Fed were to shrink the money supply now, or at least reduce its r
Tuesday, September 09, 2014
Captain Hook - Treasure Chest
Videodrome
Looked at in the appropriate light, the world has embraced the essence of the movie Videodrome in many respects since its release in 1983, with a hollowing out of our morality (corresponding to the economy), Orwellian mind control, and living televisions perhaps the most salient parallels. Well, at least it seems like the televisions are alive – and they certainly control how most people think these days. To this end, I would postulate that even the surging stock market has morphed into a pseudo
Monday, September 08, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Short-sellers driving prices
Gold and silver had a bad week, with gold falling $25 to a low of $1262 by the Comex close yesterday, and silver by $0.50. This morning UK-time prices opened a little better on overnight physical demand, no doubt stimulated by those lower prices. The background to this poor performance was dollar strength relative to weak currencies, with the yen, euro and pound all declining sharply. It feels like the market is drained of all positive sentiment, which is reflected in the very low level of open
Saturday, September 06, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Short-sellers driving prices
Market Updates Gold and silver had a bad week, with gold falling $25 to a low of $1262 by the Comex close yesterday, and silver by $0.50. This morning UK-time prices opened a little better on overnight physical demand, no doubt stimulated by those lower prices. The background to this poor performance was dollar strength relative to weak currencies, with the yen, euro and pound all declining sharply. It feels like the market is drained of all positive sentiment, which is
Friday, September 05, 2014
Julian D. W. Phillips - Gold Forecaster
Of course the Gold Price is manipulated, that’s the point! 
By Julian D. W. PhillipsThroughout history, there have been a constant flow of schemes to try to manipulate the gold price and gold itself in terms of paper money. These have come from governments, institutions as well as from individuals. The aim has always been to either establish the value of currencies or enhance that value in terms of gold. The first key to this is to ensure that the gold price is made in the paper currency and not the price of the paper currency in gold.At school you proba
Friday, September 05, 2014
Scott Silva - The Gold Speculator
  Frankenstein Fed, The Modern Prometheus
By Scott SilvaIf Mary Shelly were around today, she might have a cause of action against the Federal Reserve for copyright infringement. The Fed has stolen the storyline Shelly’s 1818 gothic novel, Frankenstein, The Modern Prometheus. The case against the Fed’s criminal usurpation of intellectual property is strong; any schoolboy would see the obvious plagiarism, including the plot, the central characters, and even some of the dialog of the original science fiction horror story. Here is a summar
Wednesday, September 03, 2014
Dan Popescu - GoldBroker
  Above-ground Gold Stock - How Much Is There and Why Does it Matter? 
To understand the price of gold, the relevant supply is the total supply, not the new supply coming to market during the last year, week or month. The supply of gold consists of all of the supply that exists, and the relevant demand is the total demand, not the new demand coming to market during any year. For gold, there is always a large stockpile, and it never gets smaller. The vast majority of all the gold mined throughout human history still exists and is held either in bars, coins, or jewel
Monday, September 01, 2014
Chris Powell - GATA
Digital currency is Ecuador's scheme to increase money supply
From The Associated Press via South China Morning Post, Hong Kong Friday, August 29, 2014 http://www.scmp.com/news/world/article/1581896/ecuador-set-be-first-coun... QUITO, Ecuador -- Ecuador is planning to create the world's first government-issued digital currency, with some analysts saying it may be a first step towards abandoning the country's existing currency, the US dollar -- which the government cannot control. The virtual currency, which central bank officials say they expect will start
Sunday, August 31, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Summer doldrums coming to an end
The pattern of trading in precious metals changed for the better this week. After London's bank holiday on Monday, for the first time in a long time the market opened in London's pre-market with higher prices. This indicated Asian or Middle-Eastern physical demand was returning to the market. Predictably, prices drifted lower during London hours as paper trading took over, and all the gains were more or less lost by close of play on Comex in New York. It was a similar story on Wednesday. Yesterd
Sunday, August 31, 2014
Alasdair Macleod - Finance and Eco.
The wages-fuel-demand fallacy
In recent months talking heads, disappointed with the lack of economic recovery, have turned their attention to wages. If only wages could grow, they say, there would be more demand for goods and services: without wage growth, economies will continue to stagnate. It amounts to a non-specific call to stimulate aggregate demand by continuing with or even accelerating the expansion of money supply. The thinking is the same as that behind Bernanke's monetary distribution by helicopter. Unfortunately
Saturday, August 30, 2014
Mark O'Byrne - gold.ie
“Central Banks Should Give Money Directly To The People” – Gold Bullish CFR Proposal
“Central Banks Should Give Money Directly To The People” – Gold Bullish CFR Proposal Helicopter Janet? Last week, a very radical proposal appeared in the pages of the influential ‘Foreign Affairs’ magazine, the publication arm of the equally influential Council on Foreign Relations (CFR) think-tank based in New York. An article “Print Less but Transfer More - Why Central Banks Should Give Money Directly to the People”, that has been picked up widely in the media argues that given that monetary
Friday, August 29, 2014
Steve Saville - Speculative Investor
  The "Escape Velocity" Myth
Making sense by replacing "despite" with "because of"In February of 2009 we wrote that if the story unfolded as we expected then a lot of future economic commentary would begin with the word "despite", but that in most cases the commentary would be a lot closer to the truth if "despite" were replaced with "because of". Our 2009 assessment remains applicable in that most commentators still don't get it and still say "despite" when they should be saying "because of". For example:1) Here's the way
Wednesday, August 27, 2014
Andy Hoffman - Miles Franklin
Irrelevant Gold
Before I get to today’s titled topic, we have several very important matters to discuss.  To start, it appears another of our long-time competitors is closing its doors, just as Tulving did last year.  We cast no aspersions on our competition, but remind readers that in the essentially unregulated bullion business, one must be very careful who one deals with.  There’s a reason we’ve been around 25 years with an A+ Better Business Bureau rating and zero registered complaints.  Competitive pricing
Tuesday, August 26, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Summer drift continues
Gold drifted lower this week, with the price undermined by lack of interest on low volume and a slightly more hawkish tone in the FOMC minutes released on Wednesday. The chart below, of gold and open interest on Comex, shows how the price has declined while open interest has hardly budged from its historically low level. The underlying factor has been dollar strength rather than gold's weakness. Since last Friday the dollar has risen nearly 1% against the euro and pound and 1½% against the yen;
Monday, August 25, 2014
Charleston Voice
Confederate Inflation Rates (1861 - 1865)
The Chart (below right) shows the Annualized Confederate Inflation Rate.  The Annual Inflation Rates are calculated from information provided  by the Richmond Civil War Centennial  Committee on the purchasing power of Confederate Notes. The table below shows the actual Confederate Treasury Note Inflation data that was used to develop this chart. At the beginning of the war on January 1, 1861 one Confederate dollar would purchase one gold dollar. By May it to
Monday, August 25, 2014
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