Category Archive: 6a.) Paper Money

Main Author Keith Weiner
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals. He created DiamondWare, a technology company that he sold to Nortel Networks in 2008. He has his PhD from the New Austrian School of Economics. He lives with his wife near Phoenix, Arizona. In March 2015 he moved his Gold Standard column from Forbes to SNBCHF.com.

The Mixed Economy: Plunder And Trade

Ayn Rand argued that it is the Communists’ intention to make people think that personal success is somehow achieved at the expense of others. What can we say about the goal of the Fed’s quantitative easing? The central bank’s every act over 6 years has been to force markets towards the opposite outcome that free people would choose, one example is Goldman Sachs that profited greatly on Fed's bail-outs.

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Disgruntled Fed Lawyer Blows Whistle on Regulatory Capture



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Accumulated Capital of Centuries Going Up In Smoke

According to Keith Weiner, capital adds leverage to human effort. Capital makes employment and wages possible. Keith argues that Fed destroys savings with zero interest rates, and herds savers into bubbles. It causes wages to fall and creates chronic pressure to lay off workers. The Fed destroys capital.

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Will New Money Market Rules Break Money Markets?



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Europe Stricken With Negative Deposit Rate

Keith Weiner explains that a negative deposit rate means that commercial banks pay the central bank a percentage. It is a privilege, for which they must pay. The result of the ECB operation won’t be much of an increase in business lending or consumer prices. The result will be even lower interest rates on government bonds.

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Thomas Piketty Pens Communist Manifesto for 21st Century

Keith Weiner explains, why Thomas Piketty's book and his proposition of a 80% income tax represent a new Communist Manifesto.

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The Fed Poisons The Stock Market

The Fed has pumped trillions of dollars into the financial system since 2008. The unintended consequences of this bank bailout have spilled over into the markets. Fed money injections go directly into bonds, tending to push up their prices.

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Janet Yellen’s Fed Has The Makings Of A Potential Disaster

In 2013, President Obama nominated Janet Yellen to be the next Federal Reserve Chairman. We need to know what she stands for if we want to predict what the central bank will do to us next. Clearly, Yellen will continue Bernanke’s Quantitative Easing, but her papers and speeches show that she is quite different from her predecessor.

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