money supply

Bitcoin: A Totally Decentralized P2P Digital Currency

I can’t think of anything that might get a government more riled up than a threat to their monopoly grasp on currency. It was the patriarch of the Rothschild international banking dynasty, Mayer Amschel Rothschild, that said, “Give me control… Continue reading

Employee at the Federal Reserve Discusses Ownership of the Fed

Meet Jerry Nelson, Corporate Communications for the Federal Reserve. He gives us some insight on the business model of the twelve regional Federal Reserve banks. They are all privately held corporations with a fixed capitalization rate of 6% to all… Continue reading

Printing Money and Stocks

The Federal Reserve has been printing money at a historic clip and buying up toxic assets for a shade under three years now — in response to the financial crisis. The technical term for their easy money policies is known… Continue reading

Currency Wars

The United States has been pressuring the Chinese to let the yuan appreciate for months now. U.S. financial leadership claims that China’s currency is undervalued and, without going as far to say, that they are currency manipulators.

Managing director of… Continue reading

Where is Crude Oil Headed in 2010?

Economic forecasts are a funny thing. If they attempt to project anything beyond the short-run (one year), be very skeptical. But short-run forecasts are not iron-clad either. I have a great time on this site making fun of economists and their predictions. Guessing what the intricate convergence of millions, if not billions, of different economic agents and their decisions will be, is kind of an exercise in futility. So if I were to predict what crude oil will do in 2010, I'd give you some markers to help you make your own decision long before I took a specific barrel price and defended the position. Continue reading

Hyperinflation: Myth or Possibility?

Will the massive increase in money cause hyperinflation? I certainly think that high inflation will come when velocity picks up, however, YouTube user ramzpaul makes a good case that given the way our economy is set up, one thing we won't have to worry about is hyperinflation. For the Austrians out there, it's worth taking a listen to: Continue reading

Why Gold is the Go-To Asset to Store Value

Many people wonder what makes gold special as a store of value. When inflation fears set in, people flock to gold. One answer is that the dollar used to be backed by gold. An even better answer I will leave to Judy Shelton, an economist and director of the National Endowment for Democracy: Continue reading

Swift Wits: Savers Get Stung, Pay Czar Tackles AIG and Real Estate Keeps Deflating

As of today, few things would be less appealing in your portfolio then dollars. As the Federal Reserve pours liquid-ity into the economy through TARP, stimulus and bailouts, and the Federal Government runs record deficits, interest rates stay artificially low. Depressingly low. In fact, a quick surf of tells me the highest yielding money market account currently available (MMA) is 1.81%, while the average yield comes in at a whopping 1.113%. (1) That means if a person has $20,000 of hard earned money stuffed away in a MMA, he or she will earn roughly $30/month in taxed income. Nice. Continue reading

Gold Bullion Touches Record High

Gold bullion futures touched a record high $1,045 in yesterday's trading session in New York. If you believe in stock indexes breaking through resistance points, this may be just that for bullion. Continue reading

Milton Friedman: “Abolish the Federal Reserve”

Many on the left, such as hack journalist Naomi Klein, blame our current mess on Milton Friedman and his economic policies. Others, such as current Fed chairman, Ben Bernanke claim to be a follower of the Nobel prize winning economist. After admitting the Great Depression was the Federal Reserve's fault, like Friedman and his colleague Anna Schwartz claimed, Bernanke said, "But thanks to you, we won't do it again." Since Friedman believed what caused the depression was rampant deflation, Bernanke presumably believes the Fed's massive increase in the quantity of money will stabilize the economy. So is he following Friedman's advice? Well not quite, you see, Friedman kinda thought we should go ahead and abolish the Federal Reserve: Continue reading
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