Is the Fed likely to alter its easy stance soon?
byOn Thursday April 4 the Federal Reserve Vice Chairman Janet Yellen said in Washington the Federal Open Market Committee (FOMC) should be prepared to…
April, 2013
The woman who changed the world has passed away
byI learned this afternoon with considerable sadness of the passing of Baroness Thatcher. I cannot say I knew her — I was 19 when…
Someone has to pay – will it be you?
byThe Cyprus banking kerfuffle has ignited a blogosphere storm debating the likelihood that depositors elsewhere, perhaps even ‘guaranteed’ ones, may find themselves on the…
The money-ness of Bitcoins
byBitcoins have been much in the news lately. Against the background of renewed concerns about the integrity of the euro zone and the imposition…
Jon Matonis on Bitcoin and crypto-currencies
byWhile trying to find out as much as I can about the BitCoin revolution, for my latest GoldMoney podcast I throw every conspiracy theory…
David Howden on Europe and fiat currency
byI speak to the excellent Professor David Howden about the future of the euro, how Cyprus changed everything, and what’s happening in Iceland… Episode…
Danger in bank accounts
byIt has been obvious for some time that banks in many jurisdictions are insolvent and that they are simply too big for governments to…
Cyprus and the unraveling of fractional-reserve banking
byThe “Cyprus deal” as it has been widely referred to in the media may mark the next to last act in the the slow…
Cyprus triggers preference for goods
byAlmost certainly prices for goods in Cyprus will rise as a result of its banking crisis, because the imposition of capital controls will restrict…