Milton Friedman: “Abolish the Federal Reserve”
Many on the left, such as hack journalist Naomi Klein, blame our current mess on Milton Friedman and his economic policies. (1) Others, such as current Fed chairman, Ben Bernanke, claim to be a...
View ArticleGold Bullion Touches Record High
Meet my new financial planner, Martin. He's a commodity trader.Gold bullion futures touched a record high $1,045 in yesterday’s trading session in New York. If you believe in stock indexes breaking...
View ArticleSwift Wits: Savers Get Stung, Pay Czar Tackles AIG and Real Estate Keeps...
TARP, Stimulus and Bailouts Hurt Prudent Savers As of today, few things would be less appealing in your portfolio then dollars. As the Federal Reserve pours liquid-ity into the economy through TARP,...
View ArticleWhy Gold is the Go-To Asset to Store Value
Mobile computing machine...AND currency hedge. Think about it.Many people wonder what makes gold so special as a store of value. When inflation fears set in, people flock to gold. One answer is that...
View ArticleHyperinflation: Myth or Possibility?
Will the massive increase in money cause hyperinflation? I certainly think that high inflation will come when velocity picks up, however, YouTube user ramzpaul makes a good case that given the way our...
View ArticleWhere is Crude Oil Headed in 2010?
Economic forecasts are a funny thing. If they attempt to project anything beyond the short-run (one year), be very skeptical. But short-run forecasts are not iron-clad either. I have a great time on...
View ArticleCurrency Wars
The United States has been pressuring the Chinese to let the yuan appreciate for months now. U.S. financial leadership claims that China’s currency is undervalued and, without going as far to say,...
View ArticlePrinting Money and Stocks
The Federal Reserve has been printing money at a historic clip and buying up toxic assets for a shade under three years now — in response to the financial crisis. The technical term for their easy...
View ArticleEmployee at the Federal Reserve Discusses Ownership of the Fed
Meet Jerry Nelson, Corporate Communications for the Federal Reserve. He gives us some insight on the business model of the twelve regional Federal Reserve banks. They are all privately held...
View ArticleBitcoin: A Totally Decentralized P2P Digital Currency
I can’t think of anything that might get a government more riled up than a threat to their monopoly grasp on currency. It was the patriarch of the Rothschild international banking dynasty, Mayer...
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