Euro shorts smell blood
Within the eurozone there are great stresses. At one extreme there are punitive costs of borrowing for Greece, Cyprus, Portugal, Ireland, Spain and Italy;…
LIBOR fixing implicates government as well
The LIBOR scandal has been hogging headlines of late, with questions raised again about the extent to which big banks are now a law…
Gold reentering the monetary system
Early in 2011, the London Bullion Market Association began to push for gold to be recognised by the Basel Committee on Banking Supervision as…
The unseen hand
The assessment of economic growth based on Gross Domestic Product is a fallacy, because GDP is merely a measure of the amount of money…
A call to arms for central banks
The rate at which the majority of the eurozone is descending into insolvency is accelerating. The rescue package for Spanish banks, which appears to…
Sovereign debt crisis going from bad to worse
The eurozone continues to keep us in suspense in the wake of the French elections, and pending the second Greek election in as many…
Money printing to the max
There is a big shift in political sentiment among G8 leaders towards less austerity and more emphasis on economic growth, which was evident at…
Currency collapse dynamics
The reason we accept paper money as a store of value is habit. This habit has its origins in history, when banks took our…
Gold bugs will be vindicated
In recent weeks, while the eurozone has suffered escalating levels of systemic stress in government bond markets and its banking system, the gold price…
Keynesian vs Austrian debate hotting up
Last week, an Austrian-School economist, Robert Wenzel, gave a speech to the New York Federal Reserve, and separately Bloomberg hosted a television debate between…