The constant taking of the soft political option
by“On October 15, the mark’s rate against the pound passed 18 milliards. On October 21, after the mark had moved in three days from…
When Money Dies
All power to the state! – money madness at the IMF
byYou cannot escape an all-pervasive sense of crisis these days. Impending doom does not only announce itself in actual events but also via the…
A rush from sugar or a rush to gold?
by“We think we have an agreement, but we are not sure what it is.” – Negotiator at the Euro zone “crisis summit” last week,…
The Delayed Effect of Printing Money via Quantitative Easing
byGold reaches £913 per ounce If political leaders and central bankers think that they can curb the currency debasing effect of QE merely by…
Incredible shrinking money
byThe UK’s shilling (5p) over time 1916 to today. (All coins are equivalent to one twentieth of a GBP pound sterling, 5p today) Over…