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Europe Gives Up On Sound Money, Prepares To Join The Currency War
Europe Gives Up On Sound Money, Prepares To Join The Currency War Not so long ago, Europe seemed to have its financial house more-or-less in order. German government spending was actually falling. Industries that had been nationalized in the socialist 70s were being privatized. The European Central Bank – run by sound money advocate Jean-Claude […]
The Rise of the Shotgun Banknote Switch
The Rise of the Shotgun Banknote Switch Every decade or two, central banks replace their existing issue of banknotes with a new issue. The main reason they do this is to thwart counterfeiters, who by then will have started to get pretty good at duplicating the existing version. Central bankers have usually tried to make […]
What is Money?
What is Money? What is money? Although it might seem a straight-forward question, ‘what is money’ is a question which will return a wide variety of answers depending on who you ask. For something taken for granted and used by billions of people every day all over the planet, this is perhaps surprising. Ask a […]
From Gold To Nothing: How 1971 Changed Everything In The Economy
From Gold To Nothing: How 1971 Changed Everything In The Economy The monetary system is a major component of the whole economic system. Despite that, today we take it for granted and don’t even ask ourselves how it works and if it is the best solution available or the correct way to manage things. Even though it appears […]
Should the Fed Tamper With the Quantity of Money?
SHOULD THE FED TAMPER WITH THE QUANTITY OF MONEY? Most economists are of the view that a growing economy requires a growing money stock, because economic growth gives rise to a greater demand for money, which must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of […]
In The Fed We Trust – Part 1
In The Fed We Trust – Part 1 This article is the first part of a two-part article. Due to its length and importance, we split it to help readers’ better digest the information. The purpose of the article is to define money and currency and discuss their differences and risks. It is with this […]
Stocks Crater – 3.5 Trillion Dollars In Global Market Cap Wiped Out – China Considers “Dumping U.S. Treasuries”
Stocks Crater – 3.5 Trillion Dollars In Global Market Cap Wiped Out – China Considers “Dumping U.S. Treasuries” Wall Street responded to our escalating trade war with China by throwing a bit of a temper tantrum. On Monday the Dow Jones Industrial Average was down 617 points, and that was the worst day for the […]
The Drastic Alteration of QE that is About to be Unleashed
The Drastic Alteration of QE that is About to be Unleashed QUESTION #1: Sir, You stated in your blog that Fed may fix 2 and 10 year bond rates. Doesn’t this negate the yield curve concept/ credit theory? Won’t this accelerate the distrust for government? Wont this further accelerate/aggravate the pension crisis? Appreciate you teaching the […]
Why Fed Chair Powell is a Laughingstock
Why Fed Chair Powell is a Laughingstock Fake Work Clarity. Simplicity. Elegance. These fundamentals are all in short supply. But are they in high demand? As far as we can tell, hardly a soul among us gives much of a rip about any of them. Instead, nearly everyone wants things to be more muddled, more […]
The Company Store
The Company Store Leaves almost nothing to live on In the song Sixteen Tons by Merle Travis (and made famous by Tennessee Ernie Ford), the idea of the ‘company store’ referred to a system of debt bondage that effectively trapped workers within an unfair system designed to harvest all of their labor at very low cost. You […]
Central Banking is Central Planning
CENTRAL BANKING IS CENTRAL PLANNING At a time when the appeal of and demands for a new “democratic” socialism seem to have caught the imagination of many among the young and are reflected in the promises of a good number of political candidates running for high office, there is one already-existing socialist institution in America […]
Not Modern, Not About Money, and Not Really Much of a Theory
NOT MODERN, NOT ABOUT MONEY, AND NOT REALLY MUCH OF A THEORY “Ignoring MMT’s rising popularity would be about as smart (and effective) as a dog barking at the waves in the ocean.”–KEVIN MUIR, author of the avant garde financial newsletter, The Macro Tourist “I believe that all good things taken to an extreme become self-destructive […]
Living With Integrity
Living With Integrity It’s time to choose a new direction. Every so often, our work in the premium side of PeakProsperity.com is deemed so important that our paying subscribers request we share it with the general public. Last week’s ‘Off The Cuff’ podcast received so many of these requests that we are releasing it to […]
