The sad history of paper money is that it is printed until it is worthless. This is to say that whenever paper currencies are de-linked from gold or silver (made no longer redeemable in gold or silver),...
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Posted by Administrator on July 24th, 2008
Category: Money Markets
For some investors, and apparently for the media and for Congress, judging their coverage and comments, the looming failures of Fanny Mae and Freddy Mac were surprises. To other investors, however, the...
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Posted by Administrator on July 17th, 2008
Category: Money Markets
On news that the Fed and other central banks are going to intervene in the sagging US mortgage market, stocks got off to a roaring start today. The Dow Industrials, the most watched stock index in the...
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Posted by Administrator on March 11th, 2008
Category: Money Markets
One of the tenants of Austrian Economic Theory is non-intervention in the marketplace. However, this concept is lost on economists who think that they know better than the marketplace when it comes to...
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Posted by Administrator on September 7th, 2007
Category: Money Markets
So far, it looks like the world’s central banks have been successful in averting a meltdown of financial markets. However, there may be more work (money to be printed) by the central banks as more...
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Posted by Administrator on August 24th, 2007
Category: Money Markets
An often heard knock on gold and silver is that they do not pay interest. Consequently, many investors eschew the precious metals and seek to achieve asset appreciation by compounding interest, a proven...
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Posted by Administrator on August 22nd, 2007
Category: Money Markets
