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 | Thorsten Polleit |
November 15, 1923: The End of German Hyperinflation  |
| On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: TheReichsbank, the German central bank, stopped monetizing government debt, and a new means of exchange, theRentenmark, was issued next to thePapermark (in German:Papiermark). These measures succeeded in halting hyperinflation, but the purchasing power of thePapermark was completely ruined.Sunday, November 22, 2020 |
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 | Alasdair Macleod - Finance and Eco. |
 Drifting into fascism |
| Most people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their best to pick up the pieces from market failures, because they are elected to promote the public good.The reality is very different, with governments acting not in the interests of their electors, but in the interest of the preservation of the administration. And the size of the administration is proportional to itFriday, December 30, 2016 |
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 | Mish - Global Economic Analysis |
| Decade of Negative Real Interest Rates: Who Benefited |
| Rudy Havenstein Tweeted an interesting chart earlier today on real negative interest rates.
I recreated the chart below and also share a chart from Doug Short on real median incomes to help put this financial repression by the Fed in proper perspective.
Decade of Negative Real Interest Rates
The above chart was created by taking the short-term treasury bill rate and subtracting the year-over-year rate of inflation as measured by the CPI.
A massive housing bubble formed in the first period realWednesday, November 30, 2016 |
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| Mish - Global Economic Analysis |
| Big Repudiation of Liberal Elite |
| Here is a collection of interesting tweets from people I follow. Let’s start with an observation by Tim Carney and re-tweeted by Rudy Havenstein.
Carney: Low-Income white voters in Pa. voted for Obama in 2008 and Trim in 2016 and your explanation is white supremacy? Interesting.
Human Molotov Cocktail
"the human Molotov cocktail" pic.twitter.com/DKegq7BJoF
— Rudolf E. Havenstein (@RudyHavenstein) November 9, 2016
Message Heard Loud and Clear
Bingo. https://t.co/BxAPXZkS57 pic.twitter.com/Thursday, November 10, 2016 |
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| Mish - Global Economic Analysis |
| Red Hot Junk and Massive Bond-Market Dislocations; Equity Smash Coming Up |
| The economic data does not support a rate hike. Is the Fed is really worried about something else?
How about an overheating junk bond market? An equity bubble? Room to cut later? Or does the Fed really think the economy is strong?
Regardless, a massive selloff in bonds in Japan and a two-day five-sigma event in German bunds may be the start of a significant rout.
Let’s investigate this through the eyes of various bond market dislocations.
I don't know what the Fed is thinking. Their convoluteSaturday, September 10, 2016 |
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| Mish - Global Economic Analysis |
| Budweiser, a Brand Owned by a Belgian-Brazilian Conglomerate, to Rename Itself “America” |
| The Belgian-Brazilian Conglomerate that owns Budweiser will help “Make America Great” again by renaming Budweiser to “America”.
I literally can't even. pic.twitter.com/HbIVKSbDog
— Rudolf E. Havenstein (@RudyHavenstein) May 10, 2016
Until the November election, Anheuser-Busch is renaming Budweiser, its most famous brand, as America.
All 12-ounce cans and bottles of Budweiser will feature the word “America” on their labels, instead of Budweiser, in the brand’s distinctive cursive font.
The teWednesday, May 11, 2016 |
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| Alasdair Macleod - Finance and Eco. |
| Economics of a crash |
| This month has seen something that happens not very often: it appears to be the early stages of a global stock market crash.
For the moment investors are in shock, seeking reassurance and keenly intent on preserving their diminishing assets, instead of reflecting on the broader economic reasons behind it. To mainstream financial commentators, blame for a crash is always placed on remote factors, such as China's financial crisis, and has little to do with events closer to home. Analysis of this sFriday, August 28, 2015 |
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 | Jeffrey Lewis |
| When a Jackson Ain’t Worth a Benjamin |
| Now they want to change the face of fiat - before than ban it all together. It is akin to changing the packaging. Few will notice a few less ounces of cereal or sugar at the same price. The meme that they can’t seem to get enough — no matter how hard they try.Just on the heels of this new movement to remove hard and paper currency, we have the simultaneous distraction of changing the face of the $10 bill. Once again it feels like a very carefully placed distraction. Creates the illusion that theWednesday, July 8, 2015 |
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| 24hGold - Noodls |
| Results of annual general meeting |
| Published on 06 November 2014
Northam shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 5 November 2014, the ordinary and special resolutions, as set out in the notice of AGM dated 1 October 2014, were approved by the requisite majority of shareholders present or represented by proxy thereat, with the exception of special resolution no.3 (general authority to repurchase issued shares).
The required special resolutions will be lodged with the CompanThursday, November 6, 2014 |
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| Thorsten Polleit |
| 90 Years Ago: The End of German Hyperinflation |
| On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: The Reichsbank, the German central bank, stopped monetizing government debt, and a new means of exchange, the Rentenmark, was issued next to the Papermark (in German: Papiermark). These measures succeeded in halting hyperinflation, but the purchasing power of the Papermark was completely ruined. To understand how and why this could happen, one has to take a look at the time shortly beforeFriday, November 15, 2013 |
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| Alasdair MacLeod - Goldmoney |
Central bankers and politicians are running out of ideas  |
| My father,who at one time was an education minister in the Kenyan government,used to tell a story of a long-forgotten crisis when the leaders in the educational establishment could only turn to him and ask: ”minister,what shall we do?” The point of the story is that the sewere all highly qualified senior academics, while my father had left school at 16 with no qualificationsat all.Tuesday, September 11, 2012 |
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 | Egon Von Greyerz - Matterhorn Asset Management |
 Philipp Barton : The gold standard is absolutely inevitable |
| In this interview for Matterhorn Asset Management, the founder / president of The Gold Standard Institute, Philip Barton, talked with financial journalist LarsSchall about gold primarily as money, not as an investment. He thinks that in this current crisis we will see the separation of the state from money – and gold will be the measure of value.Monday, August 13, 2012 |
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 | Ty Andros - traderview |
| TedBits: The Economic and Financial NO SPIN Zone |
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As leviathan government, Central Bankers and the welfare states battle Mother Nature and Darwin, the stakes for the global banksters and elites could not be higher.Governments in the US and Europe are striving to place debt and legal shackles on those they pretend to serve and working for the interests of banksters, power-hungry public servants and entrenched government bureaucrats against that of their own constituents.Friday, March 30, 2012 |
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 | Adam Brochert - Gold Versus Paper |
| The Last Gasp |
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I am speaking of the intermediate term move in paper assets versus hard assets, affectionately referred to as "Gold versus paper" around here.Paperbugs had their moment in the sun these past few months and I hope they enjoyed it.The reversal in fortunes has begun.
This reversal of fortunes is on a relative basis of course, as the sea of electronic money created out of thin air in the last few months is enough to make Rudolf von Havenstein blush.Monday, January 30, 2012 |
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| Gold - Gold Versus Paper |
| The Last Gasp |
| Monday, January 30, 2012 |
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| Fgmr |
| More Deficits, More Debt |
| In the first two months of the current fiscal year that began on October 1st, the US national debt has grown $320 billion. That is $21 billion more than the same 2-month period last year, which illustrates that the growth of the national debt continues to accelerate. The reason of course is the federal government’s huge operating deficit, which is not getting any smaller.Tuesday, December 20, 2011 |
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 | James Turk - Goldmoney |
| Deciphering the BIS Gold Swap |
| Friday, July 30, 2010 |
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| BIS's Gold - Goldmoney |
| Deciphering the BIS Gold Swap |
| Friday, July 30, 2010 |
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| Central Banks and Gold - Goldmoney |
| Deciphering the BIS Gold Swap |
| Friday, July 30, 2010 |
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