Weekly SNB Sight Deposits and Speculative Positions: SNB selling euros and dollars
2021-04-12
Update April 12 2021: SNB selling euros and dollars. Sight Deposits have fallen: The change is -0.5 bn. compared to last week, this means the SNB is selling euros and dollars.
Rising Debt Means a Weaker Dollar
2021-04-11
Americans appear to be growing more concerned about the skyrocketing national debt level – officially $28.1 trillion and counting. The Peter G. Peterson Foundation’s monthly Fiscal Confidence Index recently shed five points, dropping to a level of 47, in the wake of the Biden Administration’s latest $2 trillion stimulus package.
Prices Are Set to Soar
2021-03-21
"Government,” observed the great Austrian economist Ludwig von Mises, “is the only institution that can take a valuable commodity like paper and make it worthless by applying ink.” Mises was describing the curse of inflation, the process whereby government expands a nation’s money supply and thereby erodes the value of each monetary unit—dollar, peso, pound, franc, or whatever.
A Georgia Gold Rush Story: The Rise and Fall of America’s First Private Gold-Coin Mint
2021-01-19
(Note: This article is dedicated to the memory of Carl Watner, who died on December 8, 2020 at the age of 72. A long-time defender of individual liberty and free markets, his 1976 article in Reason magazine, “California Gold, 1849-65,” helped renew awareness and appreciation for private money in American history).
Fed Recommits to Misleading the Public About Inflation
2020-12-19
Did the Federal Reserve just usher in the next phase of the U.S. dollar’s decline? On Wednesday, the central bank recommitted to leaving its benchmark interest rate near zero for the foreseeable future. Fed officials also vowed to keep pumping cash into financial markets.
Inflation Hysteria #2 (Nominal UST)
2020-12-09
What had given Inflation Hysteria #1 its real punch had been the benchmark 10-year Treasury note. Throughout 2017, despite the unemployment rate in the US, globally synchronized growth being declared around the world (and being declared as some momentously significant development), and whatever other tiny factors acceding to the narrative, longer-term Treasury rates just weren’t buying it.
FX Daily, December 7: Holy Mackerel Will UK-EU Talks Really Flounder?
2020-12-07
Overview: Optimists see the belabored talk between the UK and EU as providing for a dramatic climax of a deal, while the pessimists warn that the divergence is real. Sterling opened three-quarters of a cent lower in early turnover and is now off around two cents.
Media Celebrates after Trump’s Pro-Gold Fed Nominee Gets Blocked
2020-11-20
It was only after he entered politics that President Donald Trump began to fully grasp the bias, dishonesty, and fakeness that runs throughout the so-called mainstream media.