Most people fail to understand basic mathematical concepts such as exponents and ratios as they apply to everyday life. We usually "get it" when it comes to the mathematical facts that are taught in school (if we passed through basic Algebra) but nobody in our government schools ever teaches how these functions apply to the real world.
The reason they don't, I assert, is that the education... read more
Last week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that have failed to produce anything but a stagnant economy. It was a disappointing, but not surprising, move.
The Fed affirmed that it is prepared to increase its monthly purchases of Treasuries and mortgage-backed securities if things don’t start looking u... read more
Its current balance sheet — the amount of money it has created, the bulk of it in the past five years — stands at $3.2 trillion, about twice Canada's entire annual economic output.
The European Central Bank's balance sheet is even higher at $3.45 trillion, and others, like Japan, are racing to catch up.
The central bankers
When the record of the 2008 global financial ca... read more
Is it possible that the average citizen understands our country's fiscal situation better than many of our politicians or prominent economists?
Most people seem to viscerally recognize that the absence of an immediate crisis does not mean we will not eventually face one. They are wary of believing promises by those who failed to predict p... read more
SAN FRANCISCO (MarketWatch) — It’s no surprise that investors took advantage of April’s nearly 8% drop in gold prices to scoop up coins and bars, but even some bullion dealers were surprised by the numbers.
Bullion dealers have characterized the demand for the physical form of the precious metal as the strongest since the immediate aftermath of the Lehman Brothers c... read more
When the metals markets tumbled in mid-April, The Gold Report reached out to "the original investor bug" and author of The Dines Letter, James Dines, for perspective. He predicted a crash in commodity prices two years ago based on his analysis of a weak Chinese economy. Next, he says, will be a bond market bust once... read more
In one of the most popular articles that appeared on this site, we explained how 600 different forms of paper based money have all disappeared. Recorded history shows not one case where a form of paper based money has continued its... read more
With respect to recent loud cries of gold manipulation, Marc questioned that, “Western central banks still own the bulk of gold in the world, and are well aware…[that] central banks in emerging economies, notably in Asia, are grossly underweight gold. So why would they depress the price of gold [as] a gift to the Asian central banks, to be able to buy [it] at a lower price? That I... read more
Gold rose $8.10 or 0.56% yesterday to $1,466.80/oz and silver finished + 0.68%.
Physical demand for coins and bars internationally continues and is the strongest since the immediate aftermath of the Lehman Brothers collapse on September 15, 2008, and the consequent global financial crisis.
Government mints, refiners and bullion dealers internationally are reporting demand as high as in th... read more
Gresham's law is an economic principle that states, "when a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation." It is commonly stated as: "Bad money drives out good" - Gresham's Law.
Doesn't that sound like the situation in the United S... read more
