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Articles related to Money Supply
 
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
Thorsten Polleit
What Can the Law of Diminishing Marginal Utility Teach Us?
The law of diminishing marginal utility is at the heart of the explanation of numerous economic phenomena, including time preference and the value of goods; and it also plays a crucial role in showing that socialism is economically and ethically inferior to capitalism. The law of diminishing marginal utility, as developed by Carl Menger (1840–1921), is axiomatic in nature; that is, it is irrefutably true. In mainstream economics, however, this fundamental economic law is typically interpreted as
Saturday, February 11, 2017
Philip Judge - Anglo Far East
Inflation And Alan Greenspan 
Alan Greenspan 1967 "As the supply of money increases relative to the supply of tangible assets in the economy, prices must eventually rise. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value". Alan Greenspan 1981 "A return to a gold standard (would be) a basic change in our economic processes. A gold-based monetary system will necessarily prevent fiscal imprudence. Once achieved, the discipline of the gold standard would surely reinforce anti-inflation policies, and make it far more difficult to resume financial profligacy".
Friday, February 10, 2017
Captain Hook - Treasure Chest
  Nothing to Lose - Mr. Trump 
This is an open letter to President Trump, which I hope he both reads and understands. By way of introduction, and something you may or may not be ware of, I penned this piece entitled Braveheart back in November to celebrate your wonderful win, where you were elected the 'hero of the republic and common folk' - their savior from the evil doers. That said, and to set the tone for this open letter to you, please see recent comments from commentary published a few weeks back involving possible inc
Thursday, February 9, 2017
Sprott Money
Trump Will Be Great For Gold And Silver (If Nothing Else) - Dave Kranzler
I love days like today when both gold and the dollar are green. Historically, some of the best moves in gold occur as gold and the dollar move up together for short period of time. Today, of course, is just one day. And there’s no question that the Trump Government will need a significantly lower dollar in order to stimulate U.S. industry, assuming the latter is at all possible anymore. On the other hand, if somehow Trump manages to get Congress to pass his border control and excise tax pr
Wednesday, February 8, 2017
Frank Shostak
Tightening the Money Supply will Inevitably Lead to a Bust
Fed policymakers are of the view that the correct interest rate policy could bring the economy onto a path of economic stability and low price inflation. The idea is to guide interest rates toward what is called the “natural” interest rate. The natural rate is believed to be one that is consistent with stable prices and a balanced economy.What is required then is that Fed policymakers successfully target the federal funds rate toward this natural interest rate.One of the tools that policymakers
Saturday, February 4, 2017
Nathan Lewis - New World Economics
The “Money Supply” with a Gold Standard 
Usually you hear a couple things about the "money supply" with a gold standard. The first thing you hear is that it is determined by gold mining. The second thing you hear is that it is limited to the amount of gold held "in reserve," whatever that means. Sometimes you hear that it is determined by the "current account balance." All of this is bunk.
Friday, February 3, 2017
Nathan Lewis - New World Economics
The “Money Supply” with a Gold Standard 2 : 1880 - 1970 
The United States, from 1789 to 1860, had a libertarian "free banking" system. Anyone could issue currency, but it had to be pegged to gold. This "gold peg" was a value peg
Thursday, February 2, 2017
Frank Shostak
  Should Cash be Abolished? 
At the World Economic Forum in Davos Switzerland, Joseph Stiglitz the Nobel Prize-winning economist argued in favor of phasing out currency and moving toward a digital economy.The view expressed by Stiglitz is similar to that of former IMF chief economist Kenneth Rogoff who has been arguing for many years that there is an urgent need to remove cash from the economy. It is held that cash provides support to the shadow economy and permits tax evasion. Some estimates suggest this could be up to $70
Monday, January 30, 2017
Sprott Money
Fourteen Years AFTER Bernanke Defined the U.S. Dollar as Worthless - Jeff Nielson
History can be a cruel mistress – at least when one is able to find it via Google’s increasingly “forgetful” search engine. Who was it that made the following remark, on November 21, 2002 ? “Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply.” [emphasis mine] Here is a hint for regular readers. It’s the same person responsible for the chart below. That’s right, B.S. Bernanke. The same Federal Reserve Governor who stated that the U.S. dollar can
Sunday, January 29, 2017
Antal E. Fekete - Gold University
  There Is More Where This Gift Has Come ...
On Wednesday, March 18, another handsome gift was delivered by the Fed to the bond bulls. It was the announcement that the Open Market Committee has made a unanimous decision for the central bank to buy $300 billion in long-term Treasury bonds and notes over the next six-month period. The yield on the 30-year Treasury bond immediately fell from 3.
Friday, January 27, 2017
Gordon Long - Market Analytics
When Did The Fed Start Buying Equities? - Indications Are When 'Tape
We see the forensic "finger prints" all over the economic and financial data that the Federal Reserve through a proxy likely Citadel Capital (or the Fed's CBOE Volume Options Agreement) has highly likely been buying the US equity market since its QE 3 "TAPER" ended in October 2014. We do know for a fact that the BOJ, SNB, PBOC, Norwegian and other central banks have been doing this as matter of normal monetary policy for some time and that 80% of all these central banks said they
Thursday, January 26, 2017
Alasdair Macleod - Finance and Eco.
Global trade update
The easy pattern of prolonged trade negotiations has been rudely interrupted by President Trump.EuropeThe easy pattern of prolonged trade negotiations has been rudely interrupted by President Trump. Even before he had become President his anticipated presence in the White House changed global attitudes and expectations. In Europe, EU officials are wrong-footed, while British trade officials cannot believe their luck.EU officials were prepared to punish the UK knowing they could prevaricate forev
Thursday, January 26, 2017
Przemyslaw Radomski CFA - SunshineProfits
Stock Trading Alert: SP 500 At New Record High, Will It Continue Even Higher?
Stock Trading Alert originally sent to subscribers on January 26, 2017, 6:55 AM.Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).Our intraday outlook remains bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:Intraday outlook (next 24 hours): bearishShort-term outlook (next 1-2 weeks): bearishMedium-term outloo
Thursday, January 26, 2017
George F. Smith - Barbarous Relic
  Fielding my grandson’s questions about gold and banking
My grandson had quite a day at school.He had learned that the economy had been suffering from things called Panics, capital P, during the 19th century and had another big one in the early 20th century.He had been told that responsible, public-spirited men like J. P. Morgan had organized a central bank to prevent those Panics.He and other bankers finally got the government to go along with their idea and pass it into law in late 1913.And wouldn’t you know it — we’ve had no more Panics since then.
Thursday, January 19, 2017
Steve Saville - Speculative Investor
  The “war on cash” has nothing to do with fighting crime 
Don’t be hoodwinked by the relentless propaganda into believing that the efforts being made to eliminate physical cash are motivated by a desire to reduce crime and corruption. Fighting crime/corruption is just a pretext. The logic behind the propaganda goes like this: Criminals often use physical cash in their dealings, therefore cash should be eliminated. This makes as much sense as saying: Criminals often use cars, therefore cars should be banned. From an ethical standpoint, the fact that cri
Tuesday, January 17, 2017
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