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Median Household Income Down 9% Since 1999

Written by Gary North on May 22, 2014

David Stockman has offered a useful table. It reveals that median household income in the United States peaked in 1999. Since then, adjusted for price inflation, it is down by 9%. The Federal Reserve pumped in trillions of dollars in fiat money. The U.S. government has run trillions of dollars in deficits. Stockman’s conclusion is […]

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Former Fed Employee Is Charged With Felony For Threatening To Kill Boss

Posted on May 10, 2014

Perhaps we should be more measured with our criticism of the Federal Reserve System. It is an emotional topic for many Americans, and it’s not hard to understand why. The Federal Reserve System is a direct cause of the systematic devaluation of the average citizen’s money and exacerbates the income gap by funneling freshly printed […]

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FED Drops Unemployment Target Even Lower

Posted on April 10, 2014

Federal Reserve officials had a secret video conference call in early March and reached a general consensus that the 6.5% unemployment rate threshold for the first rate hike was outdated, the central bank said Wednesday. A summary of the video conference was included in the minutes of the Fed’s March 18-19 meeting released by the […]

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Gold Down As Yellen’s First Quarterly Press Release Looms

Posted on March 19, 2014

Gold prices fell on Wednesday as traders circled the wagons ahead of Janet Yellen’s first FOMC press conference later in the day, while a mining executive said everyone is worried over nothing with regards to China’s copper demand. The Federal Reserve chairwoman is widely expected to stick to the tapering plan, but investors will be […]

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Bitcoins, Stage 2: “Bring in the Feds!”

Written by Gary North on February 26, 2014

When you think “Mt. Gox,” think “Enron.” When something this devastating happens to the biggest exchange in an experiment designed by anonymous Japanese programmers, the industry is not going to recover rapidly. Other firms in this industry now have a real marketing problem. The disappearance of the Mt. Gox Bitcoins exchange is a major setback […]

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Mass Deflation Ahead: A Keynesian Fantasy

Written by Gary North on January 31, 2014

Ambrose Evans-Pritchard is a Keynesian journalist. He fears price deflation more than any other economic outcome. He has warned against price deflation for years. Put differently, he fears a recession that will re-price assets in terms of what the public really is willing to pay. He fears a time of pricing in which the price […]

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Pulling the Plug: Taking Delivery of Gold

Written by Gary North on January 28, 2014

In 2011, the University of Texas investment committee took delivery of what was then just under $1 billion worth of gold. It had held the gold in the form of gold futures contracts. Kyle Bass persuaded the committee to take delivery. This video is worth viewing. Bass explains why he recommended this decision. The statement […]

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