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David Howden: Banking, Free And 100 Percent Reserve

Friday, November 28th, 2014 by posted in Banking, Economics.
David Howden: Banking, Free And 100 Percent Reserve

Dave Howden Lecturing at Rothbard University 2014

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Will someone please stop this man before he hurts himself?

Wednesday, November 26th, 2014 by posted in Banking, Capitalism, Economics.

From today’s Open Europe news summary: Juncker unveils his €315bn investment package for Europe Speaking to the European Parliament this morning, European Commission President Jean-Claude Juncker unveiled his plan for a €315bn investment fund – backed by €8bn from the

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Government debates fractional-reserve banking

Wednesday, November 26th, 2014 by posted in Banking, Capitalism, Economics.

Three cheers to Steve Baker, Conservative MP from Wycombe, for raising the delicate yet important of matter of fractional-reserve banking in Britain´s House of Commons. We are in a debt crisis of historic proportions because for far too long profit-maximising

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The Fraud in Fractional Reserve Banking

Wednesday, November 26th, 2014 by posted in Banking, Economics.
bankvault1_teaser

Suppose you bring a fur coat to a dry cleaner, and discover that the owner allowed his wife to wear it before cleaning it (which is also the subject of an episode from Seinfeld).  Or, suppose you gave your car keys

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The Path to the Perfect Reserve Currency

Tuesday, November 25th, 2014 by posted in Banking, Economics, Politics, Regulation.

Much has been written lately, including by me, about the coming rejection of the dollar as the primary reserve currency of the world’s most important central banks. My prediction is based upon two things: one, that the Federal Reserve is

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Time to Raise Rates?

Tuesday, November 25th, 2014 by posted in Banking, Capitalism, Economics.

Canada emerged relative unscathed from the financial crisis of 2008. Indeed, over the last six years growth has been relatively robust and to venture out in Toronto, Calgary or Vancouver right now one would think they were in the midst

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Hey Austrians, Where Is the Inflation?

Monday, November 17th, 2014 by posted in Banking, Capitalism, Economics.
inflation teaser

Reprinted from Liberty.me Hey Austrians, Where Is the Inflation? Of all the criticisms that Austrian economists receive, this complaint is the most reasonable and legitimate of all. Many Austrian economists (so I’m told) have predicted that when Ben “The Bubble”

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Maastricht Treaty? We don’t need no stinkin’ Maastricht Treaty!

Tuesday, November 11th, 2014 by posted in Banking, Economics, Law, Politics.

From today’s Open Europe news summary: ECB Executive Board member Yves Mersch said yesterday that the ECB will begin purchasing Asset Backed Securities (ABS) next week. He added that, “should the situation deteriorate further”, purchases of sovereign debt remain an

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Yellen and Pope Francis vs. Pareto

Friday, November 7th, 2014 by posted in Banking, Economics.
yellen1_teaser

Reprinted from Casey Research “The extent and continuing increase in inequality in the United States greatly concern me,” Fed Chairwoman Janet Yellen said last week at a conference on economic opportunity and inequality sponsored by the Federal Reserve Bank of

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In Defense of Peter Schiff

Thursday, November 6th, 2014 by posted in Banking, Capitalism, Economics.
In Defense of Peter Schiff

The financial television channel CNBC has hit hard times. Nielsen ratings show the network’s viewership is at a 21 year low. This is a far cry from two decades ago. The dot-com bubble of the late 90s and early aughts

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The Errors in Liquidity Preferences

Thursday, November 6th, 2014 by posted in Banking, Economics.
wall_street_teaser

The theoretical construct of Keynes’s monetary view of the world is known as the liquidity preferences theory of money. This theory is the foundation of many macroeconomic models and stands in stark contrast to the classical view of interest rates,

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Real-estate Out of Reach of the Super Wealthy

Saturday, November 1st, 2014 by posted in Banking, Economics.

The housing boom is searching for ways to keep going. Prices for many high-end pieces of real estate are now out of reach for even the 1% of the super-wealthy. During the last housing boom, terms were reset for the

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My latest interview on Power Trading Radio re: European developments that may prove positive in the long run

Friday, October 31st, 2014 by posted in Banking, Economics, Politics.

Click below to hear my latest interview on Power Trading Radio. I discuss in more detail the various movements in Europe that I view as economically positive in the long run. The interview last approximately one half hour with two

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Keynes was a failure in Japan – No need to embrace him in Europe

Friday, October 31st, 2014 by posted in Banking, Capitalism, Economics.
European+Central+Bank+HQ+Frankfurt+Germany_teaser

Reprinted from DetlevSchlichter.com Draghi’s volte-face two weeks ago has emboldened the Keynesian majority in the media and in economic research departments. It has injected new life into their relentless campaign for yet more state intervention in the Eurozone economy. It

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The Deflation Boogeyman

Thursday, October 30th, 2014 by posted in Banking, Capitalism, Economics.
Federal_Reserve

Here we go again.  A plunge in oil prices has spurred a bevy of articles from the bought-and-paid-for media, as well as quasi-governmental agencies, alerting us of pending disaster if deflation were allowed to make an entrance, however briefly. Never

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QE’s Seeds are Already Sown

Thursday, October 30th, 2014 by posted in Banking, Capitalism, Economics.

The Federal Reserve has finally ended its quantitative easing programs. Since the financial crisis of 2008, the Fed has pursued what seemed like an endless policy of asset purchases. As recently as September 2008 the monetary base in the US

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Dudley the Dud

Wednesday, October 29th, 2014 by posted in Banking, Capitalism, Economics.
Dudley+lecture

Six years after the financial crisis rocked the world economy, it’s a safe bet to say the Federal Reserve will never take responsibility for the debacle. And why should it? To both mainstream pundits and academics, the Fed saved the

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The Fed: Strangling the Saving Ethic and Values

Monday, October 27th, 2014 by posted in Banking, Capitalism, Economics.
bank-teller_teaser

Reprinted from Casey Research Saving was once drummed into our heads as the prudent thing to do. How many times did you hear, “A penny saved is a penny earned”? Now some argue it’s not worth anyone’s time to pick

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Patrick Barron interview with Jeff Deist re: The End of the US Dollar Imperium-Part 1

Sunday, October 26th, 2014 by posted in Banking, Economics, Politics.

Play video Jeff Deist and Patrick Barron address the issue of monetary imperialism. How does the US use the dollar as a weapon of economic and cultural power? How long can it last? What might the unprecedented… 00:17:01 Added on

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Europe’s banks are going bust, and accounting tricks will not save them

Saturday, October 25th, 2014 by posted in Banking, Economics.

Europe’s Gong Show at Work: Back Taxes and Busted Banks The EU is doing everything it can to paper over the fact that its policies have turned the banks into what David Stockman likes to call “Roach Hotels”, where bad

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