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

Written by Gary North on June 26, 2014

Gold Vault

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

Fed Creation

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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Video: Steve Forbes Calls for a Gold Standard.

Written by Gary North on June 21, 2014

Gold Standard 2

This is not a full gold-coin standard. This is a government-guaranteed gold standard: “As good as gold!” It is as reliable as a government promise, e.g., FDR in 1933 and Nixon in 1971. Still, it’s a sign that someone with a good reputation has broken with Milton Friedman and Paul Krugman.

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Central Planning by Central Bankers

Written by Gary North on June 20, 2014

Central Bank

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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Mises on the Gold Standard

Posted on June 20, 2014

Mises

The gold standard was an international standard. It safeguarded the stability of foreign exchange rates. It was a corollary of free trade and of the international division of labor. Therefore those who favored etatism and radical protectionism disparaged it and advocated its abolition. Their campaign was successful. Even at the height of liberalism governments did […]

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Immigration Reform: 8 Steps

Written by Gary North on June 19, 2014

Imigration

We are told that there is going to be immigration reform sometime later this year. We are told that the Republican Party in Congress is ready for this. That was before Cantor had his head handed to him in the Republican primary. The issue that sank him was his commitment to amnesty. I think that […]

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