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<h1 class="entry-title">Tag: Fed</h1>
27 Feb
Federal Reserve Eagle

The Precarious Fed

Do You Really Think This Can End Well? We do occasionally run into someone who doesn’t understand our beef with the Federal Reserve. You would think having destroyed 96 percent of the dollar’s purchasing power since it  went into business in 1913 would be reason enough to be dissatisfied with the Fed.  Not to mention […]

30 Jan
this times a thousand is a trillion

Fed to Borrow $1 Trillion to Finance Deficit

A Trillion Here, a Trillion There… A Bloomberg story begins with this headline:  U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit. A trillion here, a trillion there, and pretty soon you’re talking about real money. That phrase, adapted from a quote attributed to the late Illinois Senator Everett Dirksen sometime in the 1960s, […]

11 Jan
Fed Building

The Fed: Mighty, but Flighty!

Audit the Fed Washington is a land of hypocrites.  You probably don’t need any convincing but let me give you one example because it is relevant today. In 2010, Congressman Ron Paul’s bill to audit the Federal Reserve had 320 sponsors in the House of Representatives.  No surprise that it had so many sponsors.  Their constituents were […]

02 Jan
razors edge

Watching the Fed’s Actions in 2019

The Fed is on the Razor’s Edge We enter 2019 on the financial razor’s edge. One wrong move, one little slip by the Federal Reserve, and the money supply and price inflation could explode. That’s not just my view.  I’m citing the views of a former chairman of the Senate Banking Committee.  In a Wall Street Journal article this week, former […]

27 Dec
Jerome Powell

Confidence in the Fed

Trump Criticizes Fed, Chairman Powell It’s not hard to see that confidence in the Federal Reserve is collapsing.  Usually the Fed quietly booms and busts the economy for its own reasons and escapes unnoticed for it, like a thief in the night. But President Trump has changed that, unleashing a firestorm of criticism on the Fed and Chairman […]

20 Dec
interest rates up June 2017

The Fed Rate Hike

Another Hike So, President Trump’s objections notwithstanding, the Fed raised interest rates once again on Wednesday.   That’s its fourth rate hike this year. The Fed does not seem to realize the stress the US economy is under: stress from stock market volatility, political uncertainty, trade wars, threatened hot wars, growing deficits, big debt, global de-dollarization, […]

11 Dec

Thanks Fed, for Shorter, Poorer Lives

Thanks, Fed! 2018-12-11 Researchers at the Federal Reserve know what they have done to the Millennial Generation, and it isn’t pretty.  But don’t expect them to stop. Ryan McMaken at the sound money, free market Mises Institute has examined a new Fed report on how the Millennial Generation is doing at this stage of their […]

16 Nov
household debt

Debt, Debt, and More Debt

Debt, Debt, and More Debt Here’s the headline:  US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High.  A New York Fed report says that “that total household debt rose by $219 billion to reach $13.51 trillion in the third quarter of 2018—an increase of 1.6 percent, up from a rise of […]

15 Nov
dragging gold down

Dragging Gold Down

Dragging Gold Down It’s been a pretty bloody few weeks in the oil trading pits.  From the high at the beginning of October of almost $77 per barrel, the benchmark price of West Texas Crude fell to around $55 this week.  A sell-off of that magnitude in any market is a big deal.  It’s a […]

07 Oct

Is the Fed About to Tank the Stock Market?

Sometimes I like to share the views of others, views that deserve serious consideration.  One of those views is that the Federal Reserve is about ready to tank the stock market. Although there are some, not all of those who believe this think the Fed is about to drive a stake through the heart of […]

16 Jul
Will Bitcoin be backed by gold?

Gold and Cryptocurrency Forming a New Relationship?

A Cryptocurrency Backed By Gold? Sure Makes Sense, Doesn’t It? Cryptocurrencies like bitcoin have experienced massive rallies recently as a possible, alternative safe haven investment.  Are Gold and Cryptocurrency forming a New Relationship? Naturally, a cryptocurrency such as Bitcoin brings inherit fears of instability and raises questions from investors. This being mainly because the “currency” […]

18 Jun
interest rates up June 2017

Gold Retreats after Fed Raises Rates, but Gold Still Looks Safe Long Term

Gold Retreats after Fed Raises Rates a Quarter Point This week gold retreated from its rally following the Fed announcement Wednesday that lifted rates a quarter point. Gold still looks safe long term, however, and made back some small gains Friday as the dollar index experienced some weakening. The dollar index strengthened Wednesday following the […]

11 Jun
Gold Eagles- Bullion

Gold Is at 7 Week High on Weak Dollar Index

Gold Is at 7 Week High on Weak Dollar Index, Nearly Reaches $1300 This week, gold is at 7 week high on weak dollar index (among other driving factors). Gold prices started out the weak with a rally climbing over $1,290, however it pulled back some on Thursday and Friday. The dollar index was up […]

27 Sep

“Gold is Money, Everything Else is Credit”

Jim Clark 9/27/2015 Gold opened the week at $1133 and closed Friday at $1145, up 1% for the week following last week’s 3% rally.  Silver lost a bit on profit taking in the paper market (COMEX) declining from $15.19 to close at $15.09, holding the $15 floor. We are cautiously optimistic that this follow through […]

18 Sep

Fed Rates Hold; Gold and Silver Demand Remains High

Jim Clark 9/18/2015 THE FED HOLDS AND GOLD AND SILVER RALLY Gold and silver began a rally on Wednesday, prior to the Fed announcement of no rate hike on Thursday. Especially significant for both metals is the strength of the Friday follow through surge in prices after the announcement. At this writing gold is up […]