The purpose of government is for those who run it to plunder those who do not. Throughout history, governments have used violence, intimidation, coercion, and mass murder to enforce this system. But governments’ first line of “defense” is always a blizzard of lies…
July 2nd, 2009 | Thomas DiLorenzo | 6 comments | ContinuedAll Posts Tagged With: "central bank"
Attack of the Bond Yields
Just to be clear though, the big trends now are soaring inflation and falling financial asset prices, along with increased energy scarcity. This produces a variety of pair trades, which include: short government bonds, long energy, short residential housing, long gold, and probably short commercial real estate and corporate bonds as well, while going long farmland and agriculture.
June 11th, 2009 | Dan Denning | 4 comments | Continued
Life Goes On
What is the stock market telling us? Has it fallen out of love with Obama? Is it terrified of his wealth redistribution policies? Is it stark raving mad? Or is it a perfectly rational reaction to a situation that lacks transparency in the banking sector and an obvious, easy way out of the economic hole we find ourselves on?
March 6th, 2009 | Dan Denning | 2 comments | Continued
Until This Debt is Reduced, Americans Will Be Reluctant to Borrow or Spend
Debt and excess capacity can be liquidated quickly – as they were in the panics of the 19th century – through bankruptcies and defaults. But, today, liquidation would have to take place over the dead body of U.S. Fed chief, Ben Bernanke…
February 9th, 2009 | Bill Bonner | 3 comments | Continued
The Fed’s War on Cash
It’s what we call the Fed’s war on cash. You see, the Fed is driving down yields on government bonds and notes of all maturities quite deliberately. More on what it’s up to below. But it’s not just the Fed that’s pulling out all the monetary stops to float the world on a sea of credit. It’s a now a race to the bottom for central bank interest rates. New Zealand’s central bank cut its main interest rates by a whopping 1.5% overnight…
December 4th, 2008 | Dan Denning | 1 comment | Continued
Central Bank Tries to Determine Interest Rates as Far as it Can
That is, the central bank tries to determine interest rates as far as it can. The rationale for this policy is to attain full employment and price stability…
November 20th, 2008 | Ed Bugos | 5 comments | Continued
Keynesian Economists Bluff in Global Economic Gamble
One step forward, three steps back. That’s what the trading action looks like in the markets now. For every big one day advance of 1% to 5% or more, you’re going to get a corresponding sell off equal or greater to that. It’s not normal to see these kinds of one-day moves. But these aren’t normal times. We’re back on the edge of a credit abyss. Just when investors were convinced that the Gordon Brownification of the world’s banking sector had put the credit crisis behind us, we have more bad news.
October 16th, 2008 | Dan Denning | 3 comments | Continued
Central Bank Has Lost Control of Credit Crisis
Not one but three different banks are warning investors of major crisis ahead. Note to the banks: where have you been for the last year? A thousand martini lunch? The slow-motion credit crisis is nearly twelve months old. The question today is whether the competing interest rate policies of the European Central Bank and the U.S. Federal Reserve will lead to more selling in global stock markets and higher commodity prices. Inflation is winning the war.
June 20th, 2008 | Dan Denning | 18 comments | Continued
Can the U.S. Central Bank Really Begin Fighting Inflation in a Serious Way?
The Fed seems to be trying to create a situation whereby they are seen to be fighting inflation, simply by not lowering rates any further,” says MoneyMorning. “This is because, while the Fed may have no interest in fighting inflation, they have a big interest in fighting what they call ‘inflationary expectations’.
June 6th, 2008 | Bill Bonner | 8 comments | Continued
