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Does Gold’s Price Matter to the Central Banks? No.

Written by Gary North on August 27, 2013

I have been writing about gold ever since my 1965 booklet, Inflation: The Economics of Addiction. That’s a long time. In 1970, you could buy British gold sovereigns for $10. These were quarter-ounce gold coins. In 2001, you could buy gold bullion for under $260. Gold has skyrocketed. Does anyone in Washington care? No. Do […]

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The FED’s Money Trap

Posted on August 12, 2013

The Federal Reserve, and therefore the economy, is caught on the horns of a dilemma of our own making. ZIRP (zero interest rate policy) and the aggressive pumping of money (upwards of $85 billion a month) into the financial system have tripled our money supply. If it weren’t for nearly stagnant money velocity (MZ), we […]

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Price Inflation Trend: No Change

Written by Gary North on June 19, 2013

The financial media report that the consumer price index jumped in May. But the CPI is not the right index to watch if you want to know what the underlying price trend is. Far more reliable is the Median CPI. It’s the “steady Eddie” of price indexes. There was no change in the rate of […]

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Investors are Selling TIPS Bonds: No Fear of Inflation

Written by Gary North on June 12, 2013

TIPS bonds are Treasury bonds that pay investors extra if the CPI rises. They are an inflation hedge. Investors are selling them. So, their interest rate is rising. This means that investors think that price inflation is a long shot. The decline in the CPI by .4% in April added fuel to the fire of […]

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