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 | John Paul Koning - Bullion Star |
| How California stayed with gold when the rest of the U.S. adopted fiat money |
| We are ten years into the age of bitcoin. But people are still using national currencies like yen, dollars, and pounds to buy things. What does history have to say about switches from one type of monetary system to another? In this post I’ll dig for lessons from California’s successful resistance to a fiat standard that was imposed on it in the 1860s by the rest of the U.Saturday, January 19, 2019 |
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| Graham Summer - Gains Pains & Capital |
| Democratization of Money vs. Economic Feudalism |
| The Fed is the Market, Until Someone Bigger Comes Along..
UPDATE:This editorial was written 3 days ago in reaction to reading the Zerohedge post As Bitcoin Nears $10,000 "Central Banks Kept Up At Night"
by Vince Lanci
“Free markets for free men”- patch worn on the Nymex floor during Iraqi war.
The reality: We were cheerleaders for Halliburton and naively thought we were on the same team. Money that can’t cross borders freely for its citizenry is not a free market. There was a time before eMonday, August 13, 2018 |
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| BullionStar - Bullion Star |
| Why QE didn’t send gold up to $20,000 |
| This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate.
Why didn't quantitative easing, which created trillions of dollars of new money, lead to a massive spike in the gold price?
100 Trillion Dollar Notes are not yet required to purchase gold. Why hasn't the increased money supply significantly increTuesday, March 6, 2018 |
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| BullionStar - Bullion Star |
| Should we Restore the Gold Standard |
| This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate.
Would it make sense to rebuild an international gold standard like the one we had in the late 1800s? Larry White says the idea has merit, David Glasner believes it isn't worth the risk. Over the years I've followed the back-and-forth between thesTuesday, February 6, 2018 |
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 | Mish - Global Economic Analysis |
| China's Growth Miracle Runs Out of Steam: Views From Pettis, Blackrock |
| Michael Pettis at China Financial Markets says, "China's growth is running out of Steam." Blackrock brushes off concern.On October 20, Blackrock global chief investment strategist, Richard Turnill, explained What cooling growth in China means for investors.
"We see China’s growth rate slowing only to still-solid and more sustainable levels. The implications for investors? Growth in China should remain supportive of emerging market (EM) assets and risk assets in general."
Michael Pettis
Michael PWednesday, November 29, 2017 |
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| Mish - Global Economic Analysis |
| A Silver Coin for Mexico: History Lesson and a Stellar Proposal |
| My friend Hugo Salinas Price, a tireless promoter of sound money, offers a Primer on the Mexican ‘Libertad’ Silver Ounce as a Vehicle for Savings of the Common Folk.
This is a guest post by Hugo Salinas Price. Due to its length, I will not use block quotes. My comments appear at the conclusion.
A Primer on the Mexican ‘Libertad’ Silver Ounce as a Vehicle for Savings of the Common Folk
Hugo Salinas Price
Who created the Mexican silver peso known as the “0.720 Peso”? President of Mexico VenustiaThursday, September 14, 2017 |
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| Mish - Global Economic Analysis |
| Earth Overshoot: How Sustainable is Population Growth |
| For decades people have been predicting overpopulation would wipe out energy resources if not the entire planet. Every year the population bomb and peak oil crowd have been proven wrong. But how long can the status quo of generating growth by population explosion last?
Every year the population bomb and peak oil crowd have been proven wrong. But how long can the status quo of generating growth by population explosion last?
Reader Rick Mills at Ahead of the Herd addresses the subject in a guest bThursday, May 4, 2017 |
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 | Stewart Dougherty |
Preparing for the Reign of the First Widow  |
| We believe the 6 April 2017 Tomahawk missile attack on Syria
indicates that Donald Trump has concluded that the fiscal, economic and
political situations in the United States are beyond repair, and that
without continued, massive military interventionism and spending, U.S.
GDP will plunge, taking all of his campaign commitments down with it.
Therefore, he has capitulated to the agenda of the Deep StThursday, April 13, 2017 |
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| Sprott Money |
| Hugo Salinas Price: The World Will Hyperinflate Into A Gold Standard - Dave Kranzler |
| Hugo Salinas Price – website link
– posted a couple of comments on Stewart Dougherty’s guest post earlier
this week. I concluded that his insights needed to be shared on the
front of this blog and he gave me permission to edit them together to
make them easier to read for everyone. “I know my comment was complex
but I wanted to condense the thoughts I have developed over three
decades:”
I would like to take this chance to share a few of my thoughts on
this. To me it is pretty clear that Wednesday, March 15, 2017 |
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| Mish - Global Economic Analysis |
| Rigged System: Fake Risk, Fake Return |
| Is the system rigged? If so, is this the end of volatility?
Axel Merk explores those questions in this guest post.
Fake Risk, Fake Return?
With seemingly everyone from the blogosphere to the Tweeter-in-chief chiming in on fake news, have investors considered their risk/return profile may also be “fake”? When it comes to investing, who or what can we trust, is the market rigged, and why does it matter?
For eight years in a row now, an investment in the S&P 500 has yielded positive returns [2015Tuesday, March 7, 2017 |
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 | Ronan Manly - Bullion Star |
| Germany’s Gold remains a Mystery as Mainstream Media cheer leads |
| On 9 February 2017, the Deutsche Bundesbank issued an update on its extremely long-drawn-out gold repatriation program, an update in which it claimed to have transferred 111 tonnes of gold from the Federal Reserve Bank of New York to Germany during 2016, while also transferring an additional 105 tonnes of gold from the Banque de France in Paris to Germany during the same time-period.
Following these assumed gold bar movements, the Bundesbank now claims to have achieved its early 2013 goal of repSaturday, March 4, 2017 |
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| Sprott Money |
| The Deep State’s Gold Scam And The Demonization Of Russia - Dave Kranzler/Stewart Dougherty |
| Guest post from Stewart Dougherty:
As the Fiscal Year 2018 budget, and particularly its war component
are floated, it has become clear that without continued, massive
military spending, paid for with mass-produced electrons masquerading as
money, U. S. GDP would collapse, taking the country’s financial and
monetary systems with it. The nation, whose real economy has been
hollowed out, for profit, by the Deep State plunderers, has become
significantly reliant upon deliberately contrived warSaturday, March 4, 2017 |
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 | Steve St Angelo - SRSRocco Report |
| Critically High U.S. Silver Supply Reliance In Jeopardy When Paper Markets Crack |
| The U.S. silver supply will likely be in jeopardy in the future when the highly inflated paper markets finally crack. This is not a matter of if, but WHEN. If we consider the top two precious metals and copper, silver has the highest net import reliance as a percentage of domestic consumption.According to the data put out by the USGS – U.S. Geological Survey, and the GFMS team at Thomson Reuters, the United States silver net import reliance as a percentage of total consumption, was 72%, versusTuesday, January 31, 2017 |
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| Mish - Global Economic Analysis |
| Everything Is Awesome! |
| The market is pricing in a lot of “Everything is Awesome”. Reader Jason Leach, CFA, asks “Is all this awesomeness, real or fantasy? Has it been pulled forward?”
Pulling Awesome Forward
What follows is a guest post from Jason B. Leach of Fusion Point Capital. His title is Pulling Awesome Forward.
U.S. markets have “celebrated” the Trump election, with the S&P 500 rising ~8% after a quick ~4% drop pre-election (and much deeper drop in futures the night of the election). There are quite a number Monday, January 23, 2017 |
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| Ronan Manly - Bullion Star |
 Guest Post: How to Trigger a Silver Avalanche by a Pebble: “Smash(ed) it Good” |
| UBS and other precious metals traders on how to wreak havoc in silver markets
Written by Allan Flynn, specialist researcher in aspects of gold and silver.
“An avalanche can be triggered by a pebble if you get the timing right”
Earlier this year at April’s hearings for London Silver and Gold Fix lawsuits, the judge and defendant’s attorney quipped about trader chats named “the mafia” and “the bandits” published in prosecutors findings of Forex investigations but conspicuously absent from precioFriday, December 9, 2016 |
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| Ronan Manly - Bullion Star |
| European Central Bank gold reserves held across 5 locations. ECB will not disclose Gold Bar List. |
| The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion.
The ECB very recently confirmed to BullionStar that its golWednesday, November 16, 2016 |
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| Mish - Global Economic Analysis |
| Steen Jakobsen on CNN (Clinton News Network), the Soulless Machine, US Constitution |
| Steen Jakobsen, SAXO Bank CIO and chief economist emails “Dear All, Sorry for late posting, but just returned from Russia. I think he will better than Liberals think, but much worse than Wall Steet’s hope for. Nice weekend to you all,
Steen”
In his email he comments on CNN, productivity, technology, the soulless machine, and “one of the most beautiful documents ever written, the US constitution.”
He also thinks a recession is baked in the cake.
Following is a guest post by Steen Jakobsen.
SteenSaturday, November 12, 2016 |
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| Mish - Global Economic Analysis |
| Barry Ritholtz Asks “Why Has Inflation Remained Low for So Long” Mish Asks “Is Inflation Low” |
| Barry Ritholtz at the Big Picture Blog asks “Why Has Inflation Remained Low for So Long?”
Ritholtz’s article is a guest post by author Robert G. King titled “Inflation in the Great Recession and Gradual Recovery: Surprises and Puzzles“.
Neither Ritholtz nor King ever answers the question. Instead, King presents mathematical gibberish regarding the Phillips curve coupled with visions of inflation dynamics, a new Keynesian model, and a long-term expectations model.
Inflation Dynamics
New KeynesiThursday, November 3, 2016 |
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| Mish - Global Economic Analysis |
| Ugly! “Failure Almost Guaranteed” Regardless of Who Wins the Election |
| The word of the day is “ugly”. That’s how Steen Jakobsen, Saxo Bank CIO and chief economist describes the US presidential campaign, broken social contracts, public debt, and productivity.
Things are so ugly, Jakobsen says “failure is almost guaranteed” regardless of who wins the election.
This is a guest post by Steen Jakobsen. The original appears at US Election: Nothing to lose — #SaxoStrats
US Election: Nothing to Lose
My present macro speech is titled “Ugly: Don’t fight with ‘ugly’ peopleThursday, October 27, 2016 |
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| Mish - Global Economic Analysis |
| How One Billionaire Became a Gold Bug |
| Hugo Salinas-Price, a hard currency advocate, and the founder of Mexico’s Elektra retail chain explains in the following guest post how he became a gold bug.
How I Became a Gold-Bug by Hugo Salinas Price
My father was Hugo Salinas Rocha -“Salinas” was his father’s surname, and “Rocha” was his mother’s surname; the custom of using both parents’ surnames is universal in Latin America. Father was a successful merchant in Mexico City, and in the 1930’s he ran a store in downtown Mexico City. The sTuesday, October 25, 2016 |
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