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He asks Bernanke at the end, and he skirts the gold standard question. Just got done reading the latest Casey Report, which has an interview with Ron Paul. He recites a story about Paul Volcker, who in the early 80’s, came into a room 1st thing one morning and immediately asked one of his staffers: […]
Everbank’s Chris Gaffney comments that the Fed is now out of ammo and into uncharted territory, trying to employ untested methods which are likely to lead to higher inflation. So Chairman Bernanke has used up all of his remaining ammunition for the main weapon against the economic crisis, and now has to move to other […]
A short Jim Rogers interview on Bloomberg – I believe from December 11, 2008. He says he has covered his short position in US Treasuries for the time being, because the trade was going against him. He’s waiting to short them again, and describes US Treasuries as “the last bubble left.” Other thoughts from Jim: […]
Top posts from the past week: Marc Faber: The 2009 Global Economy Will Be A “Total Disaster” US Bailout Price Tag Heading for $10+ Trillion(!) Yearly Oil Demand Drops for 1st Time in 25 Years Consumer Credit Crisis: The Next Shoe to Drop A review of my futures trades from the previous week: Covered my […]
Bud Conrad, Chief Economist at Casey Research, voices his opinion on Gold, the Fed using borrowed money from the Treasury, and Oil as a limited resource. “There’s not enough gold for everybody.” http://www.bizradio.org/wp-content/uploads/podcasts/december/wss-dec11c.mp3 http://www.bizradio.org/wp-content/uploads/podcasts/december/wss-dec11d.mp3
According to Tom Dyson, the Federal Reserve has finally started to create money out of thin air. Then, last week, it took a “quantum leap,” according to George Goncalves, the chief Treasury and agency strategist at Morgan Stanley. Instead of swapping assets in the banking system, the Fed started buying them. The Fed bought $5 […]
The Credit Crunch, Close Up and PersonalBy Olivier Garret – CEOCasey Research, The Casey Report Within the last year, the true extent of the real estate debacle and ensuing credit crisis in the United States has become blatantly obvious. But now there is a new phenomenon rearing its ugly head: a credit crisis of the […]
Doug French writes in Mises.org: “Bernanke and company are making matters worse by endlessly inflating and bailing out dysfunctional firms. The result will be more unemployment, not less. But not-so-bashful Ben is arrogant enough to believe that he can step on the monetary gas, make things all better, and then return the Fed balance sheet […]
I’d say the trend of the US government printing money as fast as it can is still firmly in place. Can you spot the trend? And for kicks, you can compare it with last month’s hockey stick.
I pulled this chart straight from the St. Louis Federal Reserve website. Can you spot the trend? Sorry the picture came through a bit blurry – you can click the link above for a closer shot – that would be September 2008 where the chart does a hockey stick up to the sky.
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