Bernanke: “Unchained at Last!”

Written by Gary North on January 12, 2012

There was a time two decades ago when the bond traders served as a fake gold standard. No longer. The gold coin standard restrains central bank and commercial bank inflation. If they inflate, there is a run on the banks. Depositors withdraw gold coins. This forces the banks to stop inflating. The bankers hate this. […]

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Price Inflation Remains Low

Written by Gary North on November 18, 2011

I prefer to use the Median Consumer Price Index to the regular CPI. In October, prices rose 0.2%. They have been in this range for months. The more common index, the CPI, reveals a comparable low rate. As I have been saying for two years, price inflation is low because banks have stashed $1.6 trillion […]

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