money

The Perfidious Effects Of Money Printing

Via SchiffGold.com, There were a number of inauspicious records set in 2020 and the impacts will continue to reverberate through the economy in the future. The Federal Reserve created money at a record rate. It also increased its balance sheet to record levels. And not to be outdone, the US government set a budget deficit record. These three records…

The Psychology Of Money

Authored by Alasdair Macleod via GoldMoney.com, The world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view. What will replace them – bitcoin or gold? This article argues that the final solution is bound to be with central banks and…

“Is Your State Destroying Your Money?” Asks 2020 Sound Money Index

Wyoming, Texas, and Utah are the three most pro-sound money states in the United States, according to the 2020 Sound Money Index. Released December 16th for 2020, the Sound Money Index is the first index of its kind and uses 12 different criteria to determine which states maintain the most pro- and anti-sound money policies…

The US Money Supply Was Up 37 Percent In November

By Ryan McMaken In November, money supply growth rate was essentially unchanged from October and remains near September’s all-time high. The stabilization we find in money-supply growth in recent months comes after eight months of record-breaking growth in the US which came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages. Historically, the…

When Money Dies, 100 Years Later

Authored by Jeff Deist via The Mises Institute, When Money Dies, Adam Fergusson’s cautionary account of hyperinflation in Weimar-era Germany, is the book Americans desperately need to read today. Ours is a nation willfully lacking in knowledge and understanding of money; a cynic might think this lack of apprehension is by design. Money is seldom discussed in schools, popular…

South Carolina Bills Would Cut Taxes On Gold And Silver, Support Sound Money

Via SchiffGold.com, Three bills prefiled in the South Carolina House would cut taxes on precious metals and take important steps toward treating gold and silver as money instead of as commodities. Passage of these bills would also set the stage to undermine the Federal Reserve’s monopoly on money. South Carolina is the first state to…

How “Highly Sophisticated” Chinese Money Brokers Launder Mexican Drug Cartel Money On Burner Phones

U.S. law enforcement agents told Reuters that powerful Chinese “money brokers” operating in small cells have “upended the way narcotics cash is laundered.” They’re replacing traditional Mexican and Colombian money men who would typically launder drug money.  In focus is a Chinese businessman named Gan Xianbing, who will be sentenced early next year in a Chicago courtroom…

Global Inflation Watch – The Case For Gold As Future Money

Authored by Alasdair Macleod via Goldmoney.com, This article posits that fiat currencies are on the path to hyperinflation and looks at the evidence in the prices of financial assets and commodities. So far, gold has notably underperformed, which indicates that the early signals of hyperinflation are confined to the cryptocurrencies, whose participants broadly understand fiat…

Why We Need A Free Market In Money

Authored by Thorstein Polleit via The Mises Institute, What is fiat money and what does it do? This is essential to understand since today’s worldwide unbacked paper, or “fiat,” money regime is an economically and socially destructive scheme – with far-reaching and seriously harmful consequences. There is an answer, though, and this lies in ending the money production…

Money Metals Expands Its Gold-Backed Loan Service

November 17, 2020 (Eagle, Idaho) – Money Metals Capital Group announced today that a consortium of capital providers have dramatically stepped up their financial backing for Money Metals’ industry leading program to provide low-interest loans to Americans wishing to borrow against their own gold and silver. “Individuals and businesses needing easy access to cash liquidity…

Is This The End For Hedge Funds: Retail Investors Outperform “Smart Money” Ten-To-One

After a dismal decade for hedge funds, 2020 was the year that may have sealed the fate of the (former) masters of the universe who once upon a time collected 2 and 20 to hedge against crashes and to outperform the market but now merely collect tens of million in fees to come up creative…

Sound Money Scholarship Winners Announced – 6 Outstanding Students Earn Thousands in Tuition Assistance

By Jp Cortez Eagle, Idaho (November 6, 2020) – Six outstanding students beat out more than 100 of their high-school and college peers in making the best case for sound money through an international, gold-backed scholarship competition… …and the winners walked away with a total of $7,500 in scholarship awards for their exceptional, thought-provoking essays. For…

QE Hope Sparks Big-Tech, Bitcoin, & Bullion Bid; But ‘Smart’ Money Is Dumping

If everything is so awesome in a new-but-same-as-the-old gridlock’d Washington (according to stocks), why is the smart money running out of the market? Source: Bloomberg We have seen this pattern before and it did not end well… Source: Bloomberg The bottom line for the last day or two is that Fed QE will be the…

JPMorgan CEO gets all the money in the ‘most corrupt scheme ever,’

 … amid Covid-19 misery – RT’s Keiser Report The US’ biggest bank, JPMorgan Chase, together with other lenders, managed to take a big slice of the coronavirus relief program pie through fees, while reporting record quarterly profits. Max Keiser and Stacy Herbert discuss how the banks managed to get such a large cut of the…

White Helmets co-founder stole aid money destined for Syria – report

As Western governments opened their checkbooks for the White Helmets – a controversial ‘rescue organization’ in Syria – their co-founder used the cash to top up his wage and even finance his wedding, according to a Dutch report. Days before he plunged from a window in Istanbul to his death last year, White Helmets co-founder…