The Swiss gold referendum: What it really means

Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks. These poll results provide new insight into the real reason for Quantitative Easing by the Federal Reserve and European … Read the rest

Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss invested in stocks. These poll results provide new insight into the real reason for Quantitative Easing by the Federal Reserve and European … Read the rest

Denmark’s central bank to stop printing money

With more and more people paying with credit cards and their smartphones, Denmark’s central bank Nationalbanken says it no longer pays to print banknotes or mint coins.

By the end of 2016, Nationalbanken plans to outsource all of its printing … Read the rest

Central Banks should hand people cash

A very unusual article appeared in the “Foreign Affairs” publication of the influential and policy-setting Council of Foreign Relations, titled “Print Less but Transfer More: Why Central Banks Should Give Money Directly to the People.”

To some extent, low inflation

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Oil price hikes are manufactured

Today’s double dose of codswallop is the oil price.

Turmoil in Iraq is the predictable last chapter of the fiasco that began with a pack of lies about atomic bicycles from Dubya and Blair. Same old same old: US goes … Read the rest

The Fed is the Great Deceiver

pcrBy Paul Craig Roberts and Dave Kranzler.

Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.

From … Read the rest