Tag: currency

War on Cash Turns to $20, $50, and $100 Bills

War on Cash Turns to $20, $50, and $100 Bills

Harvard professor and economist Ken Rogoff is once again leading the chorus of high-level academics and officials who declare cash is only for criminals. He made his case in a recent Wall Street Journal editorial called the “Sinister Side of Cash.” The solution, he declares, is to simply get rid of anything but the smallest bank notes. In his vision, drug dealers, human traffickers, and tax cheats are everywhere, but they are reliant on cash. Our benevolent central planners can largely incapacitate them by ridding society of anything larger than a $10 bill. Kingpins won’t know what to do when a single-engine Cessna full of cocaine requires a Boeing 747 full […]

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Unprecedented Global Bond Bubble Threatens Holders of Cash

Unprecedented Global Bond Bubble Threatens Holders of Cash

As big as previous real estate and stock market bubbles have been, the current global bubble in government debt dwarfs them all. Not only is it far bigger in size and scope (some $60 trillion in sovereign bonds now trade globally); it is also unprecedented in character. The world has rarely seen a bond bull market that is not only 36 years old, but also shows few signs of ending. And never before in recorded history have interest rates gotten so low across the board. How much lower can interest rates go? Conventional wisdom once held that rates could only get as low as 0%. WRONG! In the current crazed […]

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Craig Hemke: Central Banks Able to Get “Trading Machines” to Pump Up Markets, for Now…

Craig Hemke: Central Banks Able to Get “Trading Machines” to Pump Up Markets, for Now…

Listen to the Podcast Audio: Click Here Mike Gleason: It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig runs one of the most highly respected and well known blogs in the industry and has been covering the precious metals for close to a decade now and puts out some of the best analysis on banking schemes, the flaws of Keynesian economics and evidence of manipulation in the gold and silver markets. Craig it’s great to have you back and thanks again for joining us today. Welcome. Craig Hemke: Hey Mike, it’s always a pleasure. Thanks for the invite. Mike Gleason: Well we’ve got […]

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How the Currency Market affects the Price of Gold and Silver

How the Currency Market affects the Price of Gold and Silver

There are many drivers of precious metal prices, such as global economic growth, supply and demand, inflation expectations, interest rates, production, geopolitical turmoil, etc. Having said that, one of the primary drivers of the prices of the two most popular precious metals gold and silver, that investors always need to keep an eye on, are movements in the global currency market. Gold, silver and the US dollar The US dollar is the base currency for both gold and silver. That means in the global commodity markets, both gold and silver are generally bought using US dollars. Therefore, if the dollar weakens, gold and silver become cheaper to purchase and their […]

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The 7 Biggest Lies about Gold

The 7 Biggest Lies about Gold

It’s hard to say which lie about gold is the biggest whopper. Many widely held beliefs about gold are lies – propaganda hammered home to have us believe the only true measure of wealth is government-issued debt.

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Citibank Calls for Helicopter Money Drops across Globe

| September 21, 2015 | Category: Money & Currency
Citibank Calls for Helicopter Money Drops across Globe

Perhaps the central planners will even start mailing us all checks – early tax rebates or the like – so we go out and spend. Buiter’s call for shoving money down everyone’s throat is representative of the philosophy that pervades the Federal Reserve and Washington DC: There can never be too much stimulus or money creation. If stimulus is failing, it is simply because it is inadequate. It is time to double down. Couple Buiter’s request for “helicopter money” with his recent modest proposal to abolish cash – an idea gaining real traction with policy makers and the major banks – and you have everything you need to know about why it is important to hold physical gold and silver.

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