The Unadulterated Gold Standard Part IV (Intro to Real Bills)

In Part I (http://keithweiner.posterous.com/unadulterated-gold-standard-part-i), we looked at the period prior to and during the time of what we now call the Classical Gold Standard.  It should be underscored that it worked pretty darned well.  Under this standard, the United States produced more wealth at a faster pace than any other country before, or since.  There [...]

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Countdown To The Collapse

On multiple fronts there appears to have been a resumption of hostilities in the global currency wars. A subtle indication of this is the recently released report, Gold, the Renminbi and the Multi-Currency Reserve System, which I believe is highly significant for two reasons: First, it demonstrates that major global actors [...]

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Impact Of Germany’s Gold Repatriation

Germany has announced that it plans to take home all 374 tons of its gold stored at the Banque de France, and 300 out of 1,500 tons held at the Federal Reserve Bank of New York.

Bill Gross of PIMCO tweeted:

“Report claims Germany moving gold from NY/Paris back to Frankfurt. Central banks don’t trust [...]

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Gold Getting That Old Shiny Look Again

Nothing really has gone wrong with the fundamental gold story since it reached its current price in the summer of 2011.  This period was, as we remember, one of feigned panic amongst the media that the United States would actually default on its Treasury obligations.  The more fundamental story was that a few domestic and [...]

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The Unadulterated Gold Standard Part III (Features)

In Part I, we looked at the period prior to and during the time of what we now call the Classical Gold Standard.  It should be underscored that it worked pretty darned well.  Under this standard, the United States produced more wealth at a faster pace than any other country before, or since.  There were [...]

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The Curse Of The Reserve Currency

Is reserve currency status an economic blessing or a curse? The answer might seem obvious, as reserve currencies have been shown to confer lower borrowing costs on their issuers. But what of the borrower who, enticed by low interest rates, borrows more than they can pay back? Naturally the result will be a default. However, [...]

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KeithGram: Gold — Pieces Of 50

As we move forwards towards a gold standard, we will need many new innovations (as well as a rediscovery of old things that have long been forgotten).  At the Gold Symposium in Sydney Australia, I saw an exhibitor who has a new, innovative product.  They have thin sheets (almost like wafers, especially the gold ones). [...]

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Italian Border Police Seize Record Amounts of Gold, Cash

File this story under “You Can’t Get Out”. More “economic” crimes, which means you have to suffer the devaluation or confiscation of your money when the government ruins the economy, or … else. — JH

Italian border police seize record amounts of gold, cash Saturday, 11 August 2012 14:38

ROME: Italian police [...]

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On Gold Bugs: Why They Have Been So Wrong?

While I am an advocate of gold investments and gold money, I find that many gold bugs take rather simplistic views of  gold markets, gold investments, and the economics behind it. I saw recently saw headlines from another site which thundered warnings about an immediate economic collapse or imminent hyperinflation. Many gold bug forecasters have [...]

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Caught In A Debt Trap

As with much of the euro area, the US is in a debt trap. All the politicking in DC does not change this economic fact. The federal debt is going to be devalued. Yet even now, amid a new economic slowdown, US consumer price inflation is set to remain positive following [...]

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Playing To Win

“Sir, In their eagerness to impose upon us their plan to force upon society a state of compulsory and near-permanent recreation, Robert and Edward Skidelsky ignore the fact that working to enhance one’s ability to consume, rather than settling for what others might deem to be adequate, is a fundamental aspect [...]

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