Neil Macdonald of the CBC recently did an investigative piece on central bankers and what they’re doing to the world’s economies. Mark Carney was featured heavily. He told Macdonald, “there is no secret cabal orchestrating things,” despite CBC’s own findings
Stephen Poloz is the new Bank of Canada Governor. Before this he headed Export Development Canada, a federal Crown Corporation. Mainstream critics argue that Poloz doesn’t have the “macroeconomic” experience and that he lacks the connections to the world’s central
Reprinted from Sprott.com The past few months have been difficult for the gold investor as selling pressure in the gold futures market has set a decidedly negative direction for the price of the yellow metal. As fundamental investors, we always
It’s been over four years since the financial crisis ripped through the American banking system like a viral disease and put the world economy in a coma. From that fateful Autumn when Washington took off the blinds and showed its
It is as timely as ever to take a quick stocktaking of the penny�s role now that it is officially removed from our lives. While many are quick to point out that we don�t have to be weighed down by
Reprinted from Mises.org Runaway government spending is among the most important economic problems of our time. It is absolutely urgent that it be brought under control and progressively reduced until it is sufficient to provide for no more than the
Defying the stereotype of the central banker as a serious and staid personality, it turns out those who formulate policy at the Fed have been known to crack a joke or two while on the job. A forthcoming article in
As the old saying goes, never let a crisis go to waste. No one has grasped the importance of this adage more than the International Monetary Fund (IMF). Over the last five years the organisation has been breathed a second
CIBC and President’s Choice Financial recently announced an “aggressive” interest rate offer on savings accounts. In a bid to attract clients from their rivals the partnership will pay 2.6 percent interest on all new deposits. While normally people are wary
The debate in Europe over what policies the debt ridden countries should pursue is being falsely constructed as a choice between austerity and growth. Not only is there another, more appropriate alternative, but these two alternatives themselves are not properly
Reprinted from Mises.org Runaway government spending is among the most important economic problems of our time. It is absolutely urgent that it be brought under control and progressively reduced until it is sufficient to provide for no more than the
Reprinted from DetlevSchilter.com The lesson from the events of 2007-2008 should have been clear: Boosting GDP with loose money – as the Greenspan Fed did repeatedly between 1987 and 2005 and most damagingly between 2001 and 2005 when in order
When central bankers dedicate their existence to re-inflating asset bubbles, it shouldn’t at all be a surprise to investors that they eventually achieve success. Ben Bernanke has aggressively attempted to prop up the real estate and equity markets since 2008.
Reprinted from Mises.org The “Cyprus deal†as it has been widely referred to in the media may mark the next to last act in the the slow motion collapse of fractional-reserve banking that began with the implosion of the savings-and-loan
In a new twist to the Cypriot saga, a European Commission assessment has called on the Mediterranean country to sell its gold holdings to fund its looming bailout. With the country currently holding 13.9 tonnes of the shiny metal according to the
Reprinted from Laissez Faire Books “Thanks to Bitcoin, I am now living debt-free, just today managed to pay off all of my credit card debt!” — so reports a poster on Reddit, and the statement was echoed by many others.
Reprinted from Sprott.com The past few months have been difficult for the gold investor as selling pressure in the gold futures market has set a decidedly negative direction for the price of the yellow metal. As fundamental investors, we always
The strength of the Canadian loonie is increasingly seen as a negative aspect. Policy makers and export-oriented industries are united in calls for a weaker Canadian dollar in a bid to keep the economy strong through international trade. Allowing for
Reprinted from GaryNorth.com The conservative movement had always been filled with monetary cranks. This has been true for well over a century. These cranks have never read a book on economics. They have never taken a class in economics. They
The world was stunned when the Cyprus government, in cahoots with European Union’s creepish financiers, decided to tax the banking deposits of its citizens directly to pay for its own bailout. Even government-worshipers in the press were shocked at this
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