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Articles related to Money Supply
 
Mish - Global Economic Analysis
  Reader Questions and Comments on Productivity, Stagnation, Protectionism, Jobs
In response to White Anger: Fed Helped Elect Trump; Tale of Two Job Markets, readers chimed in with pertinent comments on productivity, stagnation, and protectionism. Reader James has free trade and jobs on his mind. James asks: How does the election affect free trade and jobs? Let’s start there. I responded, to James … It’s doubtful the election changed much of anything. More precisely, the election is a reflection of change that already occurred. Q: What changed? A: Attitudes Changing attitud
Thursday, December 1, 2016
Steve Saville - Speculative Investor
An economy can’t be modeled by simple equations
A modern economy typically involves millions of individuals making decisions about consumption, production and investment based on a myriad of personal preferences. It should be obvious that such a ‘system’ could never be properly described by any mathematical equation, let alone a simple one-line equation. And yet, many economists and other commentators on economics-related matters base their analyses on simple equations. One of the most popular of these simple equations is also one of the most
Tuesday, November 29, 2016
Richard Mills - Ahead of the Herd
King Of Nothing
I am writing this article for the gold and silver bullion purchaser who wants the comfort, the insurance of owning some gold and silver in what are very troubling times. There's a lot going on in the world - from Trump being elected in the U.S. to turmoil in the middle east, the China Sea and Turkey, Russia is flexing it’s still considerable might, North Korea’s flinging it’s nukes helter skelter, Japan’s rearming, disease runs rampant and fear escalates about virus mutation, there’s shortage
Monday, November 28, 2016
Ron Paul
  To Really 'Make America Great Again,' End the Fed!
Former Dallas Federal Reserve Bank President Richard Fisher recently gave a speech identifying the Federal Reserve's easy money/low interest rate policies as a source of the public anger that propelled Donald Trump into the White House. Mr. Fisher is certainly correct that the Fed's policies have "skewered" the middle class. However, the problem is not specific Fed policies, but the very system of fiat currency managed by a secretive central bank. Federal Reserve-generated increases in
Monday, November 28, 2016
Mish - Global Economic Analysis
Cash Chaos in India, 86% of Money in Circulation Withdrawn; Cash Still King in Japan
Cash Ban Experiment On November 8, India’s Prime Minister Narendra Modi stunned the country with an announcement that 500-rupee ($7.30) and 1,000-rupee notes, which account for more than 85 percent of the money supply, would cease to be legal tender immediately. India’s Cash-Canceling Experiment set off a wave of panic that is still underway. The announcement set off days of turmoil as millions of Indians tried to swap their suddenly worthless old notes for hard-to-find new notes of 500 and 2
Monday, November 28, 2016
Mish - Global Economic Analysis
Venezuela Currency Loses 45% This Month as Hyperinflation Escalates
The Venezuelan bolivar lost 45% of its value against the US dollar so far this month, the biggest monthly decline ever. Officially it takes 10 bolivars to buy a US dollar. On the black market it takes 2,753 bolivars to buy a US dollar. The bolivar is all but worthless. This is the classic definition of hyperinflation. Please consider Venezuela’s Currency Just Had the Biggest Monthly Collapse Ever. Venezuela’s currency – the so-called “strong bolivar” – is weakening beyond levels that analysts
Friday, November 25, 2016
John Butler - Goldmoney
Term premia rising: The financial market implications of higher interest rate risk
Term premia rising: The financial market implications of higher interest rate riskIntroductionThe large global bond market selloff of late has naturally elicited much commentary from investment strategists and the financial media. By some estimates as much as $1tn in bond value has been wiped out. That is a large number. But what is behind the selloff? Did expectations for Fed rate hikes suddenly surge? In fact, rate expectations have risen only modestly, perhaps in reaction to president-elect T
Tuesday, November 22, 2016
Steve Saville - Speculative Investor
Where did all the money go?
The prices of US government debt securities have been falling since early-July and plunged over the past two weeks. This prompts the question: Where did all the money that came out of the bond market go? It’s a trick question, because not a single dollar has left the bond market. The reason is that for every sale there has been an exactly offsetting purchase. For example, if Bill sells $100M of T-Bonds, then $100M of cash gets transferred from the account of the buyer (let’s call him Fred) to Bi
Monday, November 21, 2016
Michael Pento - Delta Global Advisors
Trump's Mandate to Yellen: Print More Money or You're Fired!
What kind of President will Donald Trump be? Will he restore America to its former position of greatness, or end up being feckless like a long list of his predecessors? That is yet to be determined. However, what is clear now is if Donald Trump wants to avoid starting his tenure with an economic crisis similar to that of Mr. Obama he will need to put a lid on long-term interest rates rather quickly. And in order to do that he will have to convince a supposedly politically-agnostic Fed
Wednesday, November 16, 2016
George F. Smith - Barbarous Relic
Revenge of the barbarous relic
A former Fed chairman addresses the country on national TV (fiction): “There should be a sign on the front of the Fed building in Washington saying, ‘We work for the elites – the commercial bankers and government – at the expense of everyone else. Try and stop us.’  “Let’s try, shall we?  “Bankers and politicians have had a mutually rewarding relationship for ages. Bankers create money and loan it out at interest, which can be very profitable. Trouble is, creating money electronically or
Wednesday, November 16, 2016
Jeffrey Lewis
Silver Price and The Winds of Complacency
Not even a surprise Presidential election result could sever the bonds that have held prices in check for more than 5 years. From a mainstream media perspective, the financial system is a neat little house of cards. Made to look like sturdy boxes on a hilltop; institutional pillars …. that are all the same. The cards are carefully controlled and non-random. They are rigged.Precious metals will always be rigged to some degree.From imposed (gold) price standards to the London Gold pool era, and to
Tuesday, November 15, 2016
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 2
Monday, November 14, 2016
Clive Maund
Copper calls Gold Bottom on Trumphoria Surge...
Last week was highly unusual. Despite not winning the popular vote, Trump won more seats than Hillary Clinton and ended with a clear majority, contrary to what opinion polls projected. One of the more bizarre spectacles by the end of the week was that of the leading protagonists in the race exchanging niceties, after weeks and months of slagging each other off. To remain true to form, what Trump should have said to Obama, in front of the cameras, when he met him at the Oval Office, was “See, des
Monday, November 14, 2016
John Paul Koning
  How the Fed Helped Pay for World War I
Governments can pay their bills in three ways: taxes, debt, and inflation. The public usually recognizes the first two, for they are difficult to hide. But the third tends to go unnoticed by the public because it involves a slow and subtle reduction in the value of money, a policy usually unarticulated and complex in design. In this article, I will look under the hood of the Federal Reserve during World War I to explain the actual tools and levers used by monetary authorities to reduce the value
Friday, November 11, 2016
Steve Saville - Speculative Investor
How should the real interest rate be measured?
Despite the popularity of doing so, subtracting the percentage change in the CPI or some other price index from the current nominal interest rate will not result in a realistic or reasonable estimate of the current ‘real’ interest rate. The method of real interest rate calculation summarised above is wrong in two different ways, each of which is sufficient to render the result invalid. The first and most obvious way it is wrong is that the CPI doe
Thursday, November 10, 2016
Sprott Money
Do Gold Silver Care Who Wins? - Dave Kranzler
Short answer: No. A local financial advisor texted me today asking what I thought gold would do if Hillary wins today. Obviously he’s been reading the pedestrian analysis on the topic that has flooded the mainstream media. But gold doesn’t care who wins. The United States is beset with unsolvable financial and economic issues that will require a systemic reset. The amount of funded Treasury debt outstanding since Obama took office has doubled to $20 trillion. So much for his claim that
Wednesday, November 9, 2016
Mish - Global Economic Analysis
Is the Rise in Price Inflation Transitory?
The latest CPI Release from the BLS shows prices ticked up 0.3% in August from September. Year-over-year inflation is up 1.5%. We are nearing the Fed’s 2% inflation goal. Inflationists call this “progress”. Today I ask a simple question “Is the Rise in Price Inflation Transitory?” Bear in mind, I am talking about how the BLS measures inflation, not actual inflation. Actual inflation is a measure of money supply and credit. Even price inflation, as reported, is nonsense because medical expenses
Tuesday, November 8, 2016
Nathan Lewis - New World Economics
Fixed Or Floating? Maybe Our Monetary Choice Is That Simple
A rocket scientist – he designed weapons systems for a defense contractor – once told me that monetary principles were more difficult than rocket science. The evidence supports his view: we have many rocket scientists fully capable of making rockets that fly; and few-to-none monetary experts capable of making currencies that work well. But have you ever seen a book on missile engineering? China’s first gold-based “banknotes” date from the second century B.C. They were made of deer hide. Maybe it
Monday, November 7, 2016
Nathan Lewis - New World Economics
Robert Mundell's Interpretation of the Interwar Period
Today we will look at Robert Mundell's interpretation of the Interwar Period, 1914-1944. 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 2, 2016: The Interwar Period, 1914-1944 When I entered the "supply side inner circle" around 2001, I was surprised to find that a lo
Sunday, November 6, 2016
Mish - Global Economic Analysis
Absurd Notions: World is Running Out of Dollars 
One of the more absurd ideas in recent years is the world is running out of dollars. From time to time that theory pops up, as it did again just a few days ago. Telegraph writer Ambrose Evans-Pritchard proposes Economic Stress as World Runs Out of Dollars. Surging rates on dollar Libor contracts are rapidly tightening conditions across large parts of the global economy, incubating stress in the credit markets and ultimately threatening overvalued bourses. Three-month Libor rates – the benchmark
Sunday, November 6, 2016
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