The present monetary system the key cause for boom-bust cycles
byOriginally, paper money was not regarded as money but merely as a representation of gold. Various paper certificates represented claims on gold stored with…
Bank Credit
Antisemitism and Banking
by[Editor’s Note: this piece, by Ivo Mosley, first appeared at http://defendinghistory.com/antisemitism-banking/69351] A good deal of today’s anti-Semitism rests upon the fantasy that ‘the Jews’…
A market reset due
byRecent evidence points increasingly towards global economic contraction. Parts of the Eurozone are in great difficulty, and only last weekend S&P the rating agency…
Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve
byThe U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda—the “Fed stress tests.” These were…
Austrians, Fractional Reserves, and the Money Multiplier
by[Editor’s note: this article, by Robert Batemarco, first appeared at Mises.org] John Tamny recently wrote a piece at Forbes titled, “The Closing of the Austrian…
John Butler’s interview with Jim Rickards
byWhen it comes to the world of international finance, Jim Rickards has quite nearly seen it all. As a young man, he worked for…
Is This China’s QE?
by[Editor’s note: this piece was first published at Zero Hedge, which has had several excellent articles tracking the effusions of the PBOC and their…
Whatever happened to the rate of interest?
byAccording to the French historian Fernand Braudel, to understand the present we should master the whole of world history. The same may be said…
ECB embraces QE faulty logic
byEditor’s note: this article, under the title “No end to central bank meddling as ECB embraces ‘quantitative easing’, faulty logic” appears on Detlev Schlichter’s…
Phases of the crisis – are we approaching the endgame?
byPhase 1: Greenspan, the arch money crank The Greenspan “put”, and the collective adoption by most central bankers of low interest rates after the…