In The Monthly, Rudd plants a Neo-Marxist flag in the ground of the current debate with the kind of jargon-laden elitist preening that makes academic critics of the free market (who’ve never spent a day in the business world creating value) so nauseating. (…)Why not proclaim, since he is apparently in the position to make such proclamations, that the experiment in paper money and the deliberate policy of inflation it implies is theft?…
February 2nd, 2009 | Dan Denning | 21 comments | ContinuedAll Posts Tagged With: "dollar"
The Collapse of Complex Asset Values
In the name of “stimulus” and “recovery” and to supposedly correct the excesses of the market, none of the normal free market mechanisms to punish the excesses are being allowed to function. Instead of acknowledging that markets work in boom/bust cycles of progress, excess, and consolidation, today’s generation of policy leaders want to eliminate cycles to preserve their fictitious wealth and power!…
January 29th, 2009 | Dan Denning | 7 comments | Continued
Circle September 26th on Your Monetary Calendar
Bankers are bankers, after all. Their product is money. But they have gold in their vaults for a reason. It was money before paper was money. So September 26th may mark the end of the orderly and coordinated management of gold sales by European Central Banks. And it may mark the beginning of a new monetary era where gold reasserts its importance as money…
January 28th, 2009 | Dan Denning | 2 comments | Continued
From Bubble Watch to Bust Watch
Any global bailout plan is bound to be a bad one. Because what the world really needs is a correction. And no country wants one. Instead, each nation does its best to push the correction onto its neighbors…
January 23rd, 2009 | Bill Bonner | 4 comments | Continued
Chinese Yuan Marches Towards World Domination
I keep watching the steady march of China towards world domination, and their currency (the yuan) getting bigger and stronger until it achieves reserve status and replaces the worthless dollar; and people around the world will say, “Fooey on the dollar!” and I will get really nervous like I do every time some dirtbag country starts getting uppity like they are going to begin paying us back for the misery we have inflicted on them…
January 6th, 2009 | Mogambo Guru | 1 comment | Continued
Difference Between the Dollar and the Yen
There are big differences between the United States and Japan…between the dollar and the yen…and between today’s globalized economy of 2008 and Japan, Inc.
August 21st, 2008 | Bill Bonner | 1 comment | Continued
Fed Vice Donald Kohn Urges Emerging Markets to Drop the Dollar Peg
Fed Vice Chairman Donald Kohn said the world would be a lot better if emerging markets simply dropped their dollar pegs. This means they would stop importing U.S. inflation by matching the Fed rate cut for rate cut. In a speech earlier this week Kohn said, “In those countries where strong commodity demands are associated with rapid growth in aggregate demand that outstrips potential supply, actions to…
July 2nd, 2008 | Dan Denning | 7 comments | Continued
An International Currency Not Just on Paper
Once it was clear that Britain’s global position was fatally compromised by its poor finances, it took all of five years for the dollar to become the preferred international currency. It can happen fast when people have a real alternative.
April 14th, 2008 | Dan Denning | 3 comments | Continued
Should an American Keep His Money in Gold, Euro or the Dollar?
So where should an American keep his money? This was a much easier question when gold was under $500 and the dollar was worth more than the euro. Of the three, the dollar was the last place you wanted to be.
March 28th, 2008 | Bill Bonner | 5 comments | Continued
Borrowing to Get a Better Bargain
A reader of Agora Financial’s 5-Minute Forecast wrote, “You spend a lot of time talking about the loss of purchasing power of the dollar – and rightly so. Therefore, I fail to see the problem with anyone spending dollars as quickly as possible and incurring debt. That dollar spent today will be worth less, if not worthless, tomorrow, and the dollar repaid will be of lower value than the dollar borrowed. Can’t have the argument both ways.”
March 18th, 2008 | Mogambo Guru | 1 comment | Continued
Gold Versus The Dollar
Where to put your money now? In the dispute between the dollar and gold, says our old friend Lord Rees-Mogg in today’s TIMES of London, “there’s no contest.” As a store of value, says his lordship, gold is unbeatable . “Even now its purchasing power in terms of physical assets is not far distant from [...]
February 26th, 2008 | Bill Bonner | 1 comment | Continued
