Why the IMF Is Wrong about Liquidity Traps

Frank Shostak
In the Financial Times from November 2, 2020, the International Monetary Fund chief economist Gita Gopinath suggested that world economies at present are likely to be in a global liquidity trap. Gopinath has reached this conclusion because the yearly g...

Talkin’ Turkey

James Howard Kunstler
Only a few years ago, the nation seemed sturdy enough that its very existence would not be called to question. Now, not so much. In 2016, the elite, blue, coastal oligarchy was too smugly self-satisfied with its correctness-in-all-things — especially i...

A Drop in the Money Supply Was Not the Cause of the Great Depression

Frank Shostak
Even if the central bank were to be successful in preventing the fall of the money stock, this would not be able to prevent a depression if the pool of real savings is declining. Original Article: "A Drop in the Money Supply Was Not the Cause of the Gr...

A Drop in the Money Supply Was Not the Cause of the Great Depression

Frank Shostak
In his writings, Milton Friedman blamed central bank policies for causing the Great Depression. According to Friedman, the Federal Reserve failed to pump enough reserves into the banking system to prevent a collapse in the money stock.1 The adjusted mo...

Don’t Let The Fed Go “Full Retard”

Nathan Lewis
“Never go full retard” is a good principle to abide by. Central banking worldwide is becoming more and more kooky by the week. Ken Rogoff, Chief Economist of the International Monetary Fund, cuts a wide swath across academic economics. In May 2020, he ...

Controversial Gold Advocate Judy Shelton Will Soon Be On the Fed


The Awful Reckoning — Plus Election Update

James Howard Kunstler
Election update, 9:50 am Weds Nov 4 The election has rolled out as expected here – that is, not resolved the morning after, with Antifa and BLM rioters already moiling in the streets of Washington D.C. Portland, Oregon, remains in continual uproar afte...

Why Asset Bubbles Involve So Much More Than Just Rising Prices

Frank Shostak
According to the Financial Times from October 18, 2020, senior Federal Reserve officials are calling for tougher financial regulation to prevent the US central bank’s low interest rate policies from giving rise to excessive risk taking and asset bubble...

Money Supply vs. Liquidity. What's the Difference?

Frank Shostak
In a market economy, a major service that money provides is that of the medium of exchange. Producers exchange their goods for money and then exchange money for other goods. As the production of goods and services increases, this results in a greater d...

American Gothic Horror

James Howard Kunstler
That something wicked we spoke of coming our way…?  Well, it came. Now we know why Nancy Pelosi has been running around in a fright mask with her hair on fire, and it’s not just a ghoulish anticipation of Halloween. Her Democratic Party is in extremis....
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TasekoCA$ 1.21+6.14%
Gran Colombia.CA$ 6.00+4.90%
Stroud Res.CA$ 0.69-2.82%
Lingbao Gold 1.10-1.79%
Zijin Mining 7.55-1.18%
Saracen Minerals ...AU$ 4.80-1.03%
GOLD Trend Power : -13
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Chesapeake GoldCA$ 4.43+3.26%
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NovaGold Res.CA$ 13.24+2.48%
Northern DynastyCA$ 0.46-10.78%
Solitario Explora...CA$ 0.60-9.09%
Focus Min.AU$ 0.36-2.74%
Red 5 LimitedAU$ 0.26-1.89%
Azure Min.AU$ 0.99+20.73%
UnigoldCA$ 0.40+11.27%
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Hudson Res.CA$ 0.31+10.71%
Talon MetalsCA$ 0.34-9.46%
Adelaide Res.AU$ 0.27-8.47%
Rand MiningAU$ 1.94-7.18%
Appleton Expl. Inc.CA$ 0.71-5.33%
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Latest Comments
With or Without
09 Novrplslc2
James, can you please elaborate on "The Attorney General, Mr. Barr, warned the country months ago in so many words that mail-in voting would invite...
With or Without
09 NovJ.-1
How about a good old fashioned war to cover their tracks, Clinton style.
It Has Been Decided: Silver Is Going Much Higher
05 NovS W.
Let me just check my non fractal weekly chart of Silver. Yep it broke out on the 11th of May Already Oh well... Better late than never I ...
Going Full Orwell
30 OctGypsy1
Good Grief James ! ! The truth will only come out 'IF' Trump wins this election. The extremely wealthy and dangerously powerful are spending ever...
Last Round-up at the Wokester Corral
26 Octhudsonrc
Last Round-up at the Wokester Corral
27 OctJ.
Unfortunately Mr. K., the 'tyrannical and sadistic insanity' will remain embedded in government even if the Demos don't get the Blue Wave they desi...
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From our Archives
Gold University

Why Investors Lose Money

Michael Kilbach
Investors have a number of weaknesses which often result in investment failure. Identifying these weaknesses is the first step to re...

The Broken-Window Fallacy

Robert P. Murphy
Free-market economists have triumphantly cited the broken-window fallacy whenever someone opines that a destructive act, whether a...
Gold and Silver

FDR's Thanksgiving Day Proclamation - 11 November 1942

There are times when we fall to our knees and thank God for all His blessings and tender mercies. And there are other times when ...
Gold University

Store Gold in Minced Meat? 26 Ways to Store Gold

Gold is a highly valuable asset. When your buy gold, It is critical to store your gold bars and gold coins in a location that is sec...
Fundamental Ideas

Silver Charade, Gold Charade

Antal E. Fekete
The Treasury would not comment on rumors about the sale of gold in use as backing for Federal Reserve notes. Such a clandestine way ...

Memento Mori: Remember That You Are a Mortal Man

It is said that during the Roman Triumph, in which a great hero was recognized by a procession through the city, generall...
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 6.25-2.04%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 1.80+0.28%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.29+1.33%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 0.94-2.09%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 1.55-7.46%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04-12.50%Trend Power :
Closes Bridge Loan Financing
CA$ 3.45+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.08+4.02%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.14+0.00%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.17-1.16%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 3.24+10.20%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 15.15+4.63%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
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