Tag Archives: Central Banks

Elizabeth Warren, Friend of the Big Banks?

On the Wall Street Journal, we read: A critical question for Sen. Rand Paul’s effort to expand oversight of the Federal Reserve’s interest-rate decisions is whether he could win support from the central bank’s leftist critics in Congress. But one of the Senate’s most prominent liberal Democrats says she’s not on board. Sen. Elizabeth Warren […]

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Will the US Dollar Collapse, Be Replaced By Chinese Yuan?

A few days ago, I had a discussion with someone who fervently believes the dollar is going to collapse and become worthless. The main thrust of their argument was that the Chinese Yuan is going to become more valuable, the other countries of the world will abandon the dollar for the Yuan, and the good […]

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Is the Price of Gold Rigged?

I am a believer in purchasing gold bullion. However, I have no illusions: gold is not money, at least not nowadays. Dollars are money. Digits on a computer in the banking system are money. But gold beats inflation. In the modern day, all major governments are inflationary. The gold market is poorly understood by the […]

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Bitcoin: The Inevitable Future of Money?

I have had a few interesting debates/arguments with other libertarians over the uncertain future of Bitcoin. Mainly, I have argued with libertarians who seem to think that Bitcoin presents some type of short-term threat to the power of the US dollar and the Federal Reserve. These people have claimed that Bitcoin is marching onward and […]

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The 4th Branch of Government: The Federal Reserve.

Sometimes I am blown away by the sheer lack of basic economic understanding from influential people in politics, business, and academia. When I hear these people speak, I can’t help but put my hand on my forehead with an incredulous look on my face and think, “Does this person really believe this crap?” This interesting […]

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Hyperinflation: Will It Happen Here?

I frequently hear fearful whispers of “hyperinflation” in our future. Hyperinflation is a severe economic condition in which the supply of money is far too large, and each unit of money becomes nearly valueless; this is the sort of situation where people start using money as wallpaper and toilet paper. Many people seem to think […]

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Former Federal Reserve Official: “I’m Sorry, America.”

Andrew Huszar is a former Federal Reserve official. He has harsh words for his former employer, and for the misdeeds they continue to perform. I am sure Huszar is a Keynesian, but that does not change that he seems to have realized the truth about the Federal Reserve, and who the Federal Reserve is actually […]

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Dollar replaced by Chinese Yuan as World Reserve Currency?

This article piggybacks somewhat on an article I posted earlier today about the mass importation of gold in China. Look over that article first before reading on. Chinese citizens are the ones buying the gold, not so much the government-run People’s Bank of China. We hear talk these days of the US dollar losing it’s […]

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China and India Smashing Gold Import Records.

Within the past year, China has imported more physical gold than ever before in modern history. In August 2013, China imported an impressive 131.4 tons of gold; in March of 2013, China imported a record-smashing 223.5 tons of physical gold. India historically imports a large amount of gold, namely because it is used far more […]

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Indian Rupee Imploding – Loses 20% of Value Since Start Of Year.

The Rupee, the currency unit mandated by the Indian Government, has gone from bad to worse since the beginning of 2013, becoming one of the world’s worst performing currencies. The Rupee took a 4% hit last night alone, clocking in at nearly 69 Rupees to 1 dollar. This a vast worsening from the somewhat stable […]

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