Finland’s gold
byOn Wednesday Finland gave in to public pressure and revealed where she stores her gold reserves. The statement followed a press release by the…
Gold
Money printing: not what it was
byThere are lots of reasons why QE hasn’t yet created inflation in the rich West… SO HEADLINE writers everywhere got to say money really…
China and gold
byChina is now overtly pushing for the US dollar to be replaced as the world’s reserve currency. Xinhua, China’s official press agency on Sunday ran…
That US debt ceiling and the Fed
byWe are now into a second week of a partial Federal Government shut-down, which is causing considerable concern, centred on the Government’s ability to…
Taper (where?) party
by“This took guts.” – Comment by Steven Ricchiuto of Mizuho Securities in response to the Federal Reserve’s surprise decision to refrain from “tapering” its…
No tapering, no surprise
byIt was not too surprising that there is going to be no tapering for some very good reasons. The commencement of tapering would have…
Untangling gold at the Bank of England
byFrom 2006 the Bank of England’s Annual Report has declared the quantity of gold in its custody, including the UK’s own 310 tonnes. Prior…
Fed tightens control over banks activities
byOn Tuesday July 2, US central bank policy makers voted in favour of the US version of the global bank rules known as the…
Bank reform demands monetary reform – an essay for Banking 2020
byThis article was published yesterday at stevebaker.info. Today sees the return of the Financial Services (Banking Reform) Bill to Parliament. It does not do enough. In…
Russia and China building their gold reserves
byWestern economic commentary on China and Russia is usually coloured by monetarist assumptions not necessarily shared in Moscow and Beijing. For this reason, Russian…