World Bank president Robert Zoellick has stirred up a hornet's nest with his recent call for a return to a gold anchor in the global financial system. The usual suspects immediately denounced him - Keynesian Brad DeLong has [gone so far as to] anoint Zoellick the "Stupidest Man Alive" - [and I would like to add my voice to the chorus by explaining] the dangers of Zoellick's gold proposal, and why fans of the classical gold standard should be wary. Words: 1708
Read More »Understanding Deflation: Bring It On! Here’s Why (+3K Views)
There are two problems with understanding deflation: it is ill defined, and it has a bad name. This article puts deflation into its proper context.
Read More »Is There a Viable Alternative to the Dollar as the Reserve Currency? (+9K Views)
Within the recent retracement of the U.S. currency there has been endless speculation about the future role of the dollar as the world’s primary reserve currency. Moreover, there has even been conjecture that the dollar will no longer exist at some point in the near future but any case made for the vulnerability of the dollar falls short when it comes to naming alternatives. Words: 631
Read More »Noonan on: What Is “Money”? What It Is Not! (+3K Views)
While money makes the world go around, very, very few people understand what money is and what money is not, and that is purposeful on the part of the elites and every government. This article explains why that is the case and why there is such confusion around such an understanding of the facts.
Read More »Coming Inflationary Depression Means Future Commodities Super-boom (+5K Views)
Mladjenovic explains his contention that we are in for a inflationary depression and, as such, investors should put their money in those things that will benefit from both inflation and strong demand and supply and stay away from where there is a deflationary impact, such as real estate. Words: 825
Read More »Can You Include Physical Gold & Silver In An IRA? (+8K Views)
Q: Can one include gold & silver in an IRA? A: Yes, it is quite easy and I am talking about actual physical gold and silver, not “paper” gold, or certificates, or paper promises. Here's exactly how to do so.
Read More »How Swings In USD Affect Price of Gold (+2K Views)
Swings in the US dollar have no long-term impact in the price of gold and gold isn't an inflation hedge either so what is it then? Read on!
Read More »Warning Signs Suggest U.S. Headed for a Complete Societal Collapse! (+7K Views)
There are now countless warning signs all around us on a daily basis that the U.S. is headed for a complete societal collapse. Words: 573
Read More »What’s Coming: A Hyperinflationary or Deflationary Depression? (+7K Views)
While I believe that the U.S. is heading towards a Weimar style hyperinflationary depression there are several developments that point to the possibility of another deflationary depression, similar to the 1930’s. Let me explain.
Read More »The Many Benefits of Having a Bank Account in Hong Kong (+6K Views)
Hong Kong is an excellent place to bank. One of the best in the world, in my opinion. Why? Because the banks are strong, stable, innovative, and well-capitalized [and account holders] are free to choose what currency to accept (and save), whether HK dollars, US dollars, Chinese Yuan, gold, or anything else.
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