U.S. Treasury bonds (10-year and 30-year) topped out above 15% in late 1981, and have traced a sawtooth pattern down ever since. The 10-year bond now yields 1.92% and the 30-year yields 2.51%. Daily Treasury Yield Curve Rates. Correspondent Mark…
The Fed had multiple opportunities to let the air out of unsustainable asset bubbles by notching interest rates higher and tapering its asset purchases (QE). The Federal Reserve blew it by not normalizing interest rates a long time ago. The…
By Zachary Nickerson
Last Wednesday, the CATO Institute held a book forum on “Renewing the Search for a Monetary Constitution: Reforming Government’s Role in the Monetary System” with one of the editors of the book, Professor Larry […]
By Zachary Nickerson
Last Wednesday the CATO Institute held a book forum on “Renewing the Search for a Monetary Constitution: Reforming Government’s Role in the Monetary System” with one of the editors of the book, Professor Larry White. […]
One of my greatest frustrations during the post-financial crisis period has been the unwillingness of the rich and powerful to call out central banking for what it is: financial slavery. While I accept that many are simply ignorant or brainwashed, there are plenty…
A remarkable report on The Austrian State Gold from the Austrian Federal Court (ÖBRH) has apparently just revealed that as of 2009, 56% of Austria’s gold reserves “held” at the Bank of England DID NOT PHYSICALLY EXIST!!! No wonder that Germany & The Netherlands…
The point I’m making with the $10 trillion stone coin is that if money is a social contrivance, then it should be distributed to those creating goods and services. You’ve probably heard of the $1 trillion platinum coin proposal: the…
The point I’m making with the $10 trillion stone coin is that if money is a social contrivance, then it should be distributed to those creating goods and services. You’ve probably heard of the $1 trillion platinum coin proposal: the…
The cure for systemic fragility is not low interest rates forever–it’s a market that transparently prices credit and risk for lenders and borrowers, qualified and marginal alike. One of the most unquestioned narratives out there is that the Federal Reserve…
My advice is to focus not on retiring comfortably, but on working comfortably. You’ve probably seen articles and adverts discussing how much money you’ll need to “retire comfortably.” The trick of course is the definition of comfortable. The general idea…
The policy of safeguarding Boomer benefits with asset bubbles will lead to the destruction of the unprepared, the unwary and those who foolishly trusted our “leadership” and central bank to tell them the truth. Though it is exceedingly politically incorrect…
The policy of safeguarding Boomer benefits with asset bubbles will lead to the destruction of the unprepared, the unwary and those who foolishly trusted our “leadership” and central bank to tell them the truth. Though it is exceedingly politically incorrect…
Given the potential for financial losses triggered by oil’s price collapse to cascade into the financial sector at large, the Fed may well be forced to intervene either directly or indirectly. An email dialog with correspondent Mark G. last month…