Tag Archive: speculation

The End of an Epoch, Report 8 Dec

2019-12-10

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2019-12-10

“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

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The Perversity of Negative Interest, Report 17 Nov

2019-11-18

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2019-11-18

Gold and Silver Prices
Today, we want to say two things about negative interest rates. The first is really simple. Anyone who believes in a theory of interest that says “the savers demand interest to compensate for inflation” needs to ask if this explains negative interest in Switzerland, Europe, and other countries. If not, then we need a new theory (Keith just presented his theory at the Austrian Economics conference at King Juan Carlos University in Madrid—it is...

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Wealth Accumulation Is Becoming Impossible, Report 20 Oct

2019-10-22

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2019-10-22

Gold and Silver Prices
We talk a lot about the falling interest rate, the too-low interest rate, the near-zero interest rate, the zero interest rate, and the negative interest rate. Hat Tip to Switzerland, where Credit Suisse is now going to pay depositors -0.85%. That is, if you lend your francs to this bank, they take some of them every year. Almost 1% of them.

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