Tags » Central Banks

Two competing, free floating, currencies

Two competing, free floating, currencies

My colleague and friend, Prof. Pedro Schwartz (President, Mont Pelerin Society), recently published a letter in the ‘Financial Times’ (‘Three conditions for a two-currency system’ praising the monetary system in Peru. 382 more words

Central Banks

Signs That The Elite Are Feverishly Preparing For Something BIG

By Michael Snyder

What in the world are the elite up to?  In recent days, we have learned that the New York Fed is moving a lot of operations to Chicago because of concerns about what a “natural disaster” could do, the federal government is buying 62 million rounds of ammunition commonly used in AR-15 semi-automatic rifles for “training” purposes, and NORAD is moving back into Cheyenne Mountain because it is “EMP-hardened”.  1,442 more words

Commodities

There are building signs of a global property bubble

It was only yesterday that I discussed and analysed the impact of the 60 billion Euros a month QE (Quantitative Easing) program of the European Central Bank. 1,355 more words

General Economics

Central banks are now printing money to repay themselves

In a recent report titled Debt and (not much) deleveraging the McKinsey Global Institute found that between 2007 and the second quarter of 2014, the total global debt had grown by $57 trillion. 992 more words

Firstpost

Citi Economist Says It Might Be Time to Abolish Cash to Save World Economy

‘The world’s central banks have a problem. When economic conditions worsen, they react by reducing interest rates in order to stimulate the economy. But, as has happened across the world in recent years, there comes a point where those central banks run out of room to cut — they can bring interest rates to zero, but reducing them further below that is fraught with problems, the biggest of which is cash in the economy. 41 more words

Economics