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The Vulnerability of Private Wealth to Government Financial Stress
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QEs, Currency Wars, the Trillion Dollar Platinum Coin and the Route to “Modern” Inflation
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VIDEO - Texas Financial Market Roundtable 2012
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Roadblocks to Recovery an Interview with Dr. Lacy Hunt
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Frank Beck on Investing in Uncertain Times
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The Vulnerability of Private Wealth to Government Financial Stress
Tag Archives: Quantitative Ease
The Evils of Serial Quantitative Ease and the “Welfare of Everyone”
Not since the days when Mark Twain’s Tom Sawyer charged his friends for the privilege of painting his fence has the world gone quite so upside down and backwards as when the European Central Bank pushed market interest rates into negative territory. This means borrowers are being paid to borrow. This, in the mind of the Fed’s Chairwoman serves “the welfare of everyone” though it serves the welfare of no one. Continue reading
An Ode to George Bailey, Credit in a Banking-less World and How Much QE Is Enough
Though financial regulation has taken the friendly local loan officer (George Bailey) out of the credit equation, the Fed’s Quantitative Ease is creating credit at close to record rates of growth. The credit generation is not in the usual ways, but in amounts sufficient to generate an economic expansion. Read about the creative market response to increases in the monetary base when banks are handcuffed to Dodd-Frank. Continue reading
A Tiger by the Tail: The Fed and QE3
Federal Reserve metaphors of tapering, exit and de-acceleration are but face saving diversions in the dialogue from the hard fact that this is a requiem not just for QE3 but also a requiem for the idea that the Fed is able to generate further lending and spending. In this new global financing world, stimulus from money had moved to the Shadow Banking System which has reached its upper limit not despite QE3 but because of it. Continue reading
The Vulnerability of Private Wealth to Government Financial Stress
Posted in Alumni Lecture Series, The Spellman Report, Video Library, Video Spellman Reports
Tagged Bank Deposit Insurance, Banking Protection, Banking Secrecy, Cyprus bank deposits, Deposit Runs, monetary policy, Quantitative Ease, Wealth confiscation, wealth preservation, Wealth Protection
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The Slow-Moving Train Wreck Has Picked up Speed: Foreign Depositors in European Banks Will Be Outed
Economies have natural self-correction mechanisms to keep the economic train on the tracks and moving at accustomed speed unless undercut by governments. In their desperation for tax revenues, Euro zone governments have “outed” their foreign depositors to the foreigners’ home taxing authority. Thus, the slow moving train wreck has just picked up speed. Continue reading
Is the Printing Press Engaged for the Duration?
A printing press is a handy thing to have. When a government or central bank can fund itself with money or claims on money, it can buy a lot of things and solve a host of problems, all without the need to tax. I wish I had one. Continue reading
The Stock Market, QE3 and Voodoo Finance
As we look across the economic landscape there is an abundance of reason to anticipate a global economic slowdown. It is already well in the works as reflected in anticipatory data. It would not be a garden-variety recession emanating from … Continue reading