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Sandbagging the Dollar

Written by Robert Murphy on July 25, 2014

The problem with the USD being the world’s reserve currency is that it’s a situation where things could unravel very suddenly. So long as most investors think that the dollar will be OK next week, then it will be a self-fulfilling prophecy. But if people start to worry, then there could be a sudden crash […]

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New FED Chair => Recession

Written by Robert Murphy on July 18, 2014

As I make clear in my recent interview with Tom Woods, I think that Bernanke painted himself (and the US economy) into a corner, then handed the paintbrush over to Janet Yellen. In case I sound “paranoid,” let’s review our history: ==> Paul Volcker took over as Chair of the Fed in August 1979. A […]

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Fed Announces (Tentative) End to Bond Purchases in October

Written by Robert Murphy on July 11, 2014

The recently released Fed minutes contain the following information on their plans to fully complete the so-called taper: [P]articipants generally agreed that if incoming information continued to support its expectation of improvement in labor market conditions and a return of inflation toward its longer-run objective, it would be appropriate to complete asset purchases with a […]

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My Translation of Yellen’s Speech on Bank Regulation

Written by Gary North on July 8, 2014

Janet Yellen gave a speech on July 2. It of course received considerable attention in the financial media. Over the years, I have dutifully provided translations of speeches by the chairmen of the Board of Governors of the Federal Reserve System — that tiny part of the FED that is technically part of the U.S. […]

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Video: How the Federal Reserve System Loots Us

Written by Gary North on July 5, 2014

So, you want to understand how the Federal Reserve works? Here is the best video on the topic. It was produced by the Mises Institute. It covers central banking’s history. Unlike other videos on the Federal Reserve, it does not recommend that money creation be turned over to Congress, which will then produce “safe, reliable” […]

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Trump’s Warning on Federal Debt

Written by Gary North on July 3, 2014

Donald Trump recently sounded a warning on the growth of the U.S. Government’s debt. He thinks that the USA is headed toward the condition of Greece and Spain. My view: that will take time. Greece and Spain are nations where trade unions are dominant. This is not true in the USA. The unions have at […]

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In 2013, Germany Asked for Its Stored Gold. HaHaHaHaHa.

Written by Gary North on June 26, 2014

In January 2013, the German central bank asked for half of its gold back. It was being stored by the Federal Reserve Bank of New York on behalf of the German government. The Federal Reserve said: “Sure.  In seven years, maybe.” This week, the German government said: “We were only kidding. We don’t want our […]

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What’s It Like to Work for the New York FED?

Written by Gary North on June 24, 2014

Not bad, if you like perks, 8-hour days, and bureaucratic security. This is the opinion of two-thirds of its employees who responded to the GlassDoor inquiry. It’s fat city in Fat City. And why not? Working for the Federal Reserve is a license to print money . . . literally. Click the link to see […]

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Central Planning by Central Bankers

Written by Gary North on June 20, 2014

One of the problems that anyone who is critical of the Federal Reserve System faces is the fact that he is regarded as someone without any expertise in the area of money and banking. In a 2009 article, the Huffington Post went into considerable detail about the number of people with PhD degrees in economics […]

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