Blog en Inflation - Crash Course Chapter 11 ]]><p>For close to 300 years, inflation in the US remained very subdued. Small spurts occurred around major wars (Revolutionary, Civil, WW1, etc), but after each, inflation quickly trended back down to its long-term baseline. If you lived during this stretch of time, your money had roughly the same purchasing power your great-grandfather&#39;s did.</p> <p><a href="" target="_blank">read more</a></p> Blog Crash Course currency dollar inflation money nixon purchasing power war Fri, 29 Aug 2014 22:36:16 +0000 Adam Taggart 86953 at I Blame The Central Banks ]]><p>The current bubble in financial assets -- in both equities and bonds of all grades and quality -- raging in every major market across the globe is no accident.</p> <p>It&#39;s a deliberate creation. An intentional result of policy.</p> <p>Therefore, when it bursts, we shouldn&#39;t regard the resulting damage as some freak act of nature or other such outcome outside of our control. To reiterate, the carnage will be the very predictable result of our terribly shortsighted decision-making and defective logic.</p> <p><a href="" target="_blank">read more</a></p> Blog BOE BOJ bond market bonds bubble central banks credit debt Doug Short ECB Fed Federal Reserve GDP margin money stock market stocks wealth Thu, 28 Aug 2014 00:17:26 +0000 cmartenson 86887 at Quantitative Easing - Crash Course Chapter 10 ]]><p>At the exponential pace at which the Fed is increasing the money supply, and knowing the huge challenges the Fed &ndash; and most other world central banks&nbsp; - face in trying to stop or even slow down their money printing, the potential for a disruptive global inflationary period is very real.</p> <p>So what exactly is&nbsp;<em>quantitative easing</em>?&nbsp;</p> <p><a href="" target="_blank">read more</a></p> Blog asset purchase banks bonds cash central bank currency economics economy Fed Federal Reserve housing inflation interest rate Janet Yellen money money printing purchasing power QE quantitative easing stocks taper Too Big To Fail Treasury bonds trillion wealth Sat, 23 Aug 2014 01:34:20 +0000 Adam Taggart 86790 at Ukraine: A Perspective from Europe ]]><p>It is still a mystery to many historians as to how and why this World War I led to the slaughter of nine million people. But analysis of different parties to the original event, pursuing their own vested interests without a grasp of the bigger picture, certainly rings true of the Ukrainian situation today with regards to the West, embodied in a disparate committee called NATO. The similarity with the chaotic diplomacy that led to WW1 stops there: Russia under Vladimir Putin&rsquo;s leadership appears to have a good grasp of its objective.</p> <p><a href="" target="_blank">read more</a></p> Blog Alasdair Macleod Donetsk East energy EU Europe Gas Germany Luhansk NATO Niall Ferguson oil Putin Russia Ukraine war West World War 1 ww1 Wed, 20 Aug 2014 15:54:41 +0000 Alasdair Macleod 86672 at A Brief History of US Money - Crash Course Chapter 9 ]]><p>Looking at the past 100 years of the US dollar&#39;s history, one theme becomes abundantly clear: in times of crisis, the US government has no issue with changing its own rules or breaking its own laws. And those &quot;temporary&quot; emergency measures have a nasty habit of quickly becoming permanent.</p> <p><a href="" target="_blank">read more</a></p> Blog 1929 crash Bretton Woods Charles de Gaulle confiscation debt deflation dollar economy FDR Fed Federal Reserve fiat money France Franklin Roosevelt gold gold window inflation JP Morgan money nixon reserve currency Richard Nixon silver Fri, 15 Aug 2014 22:29:28 +0000 Adam Taggart 86674 at On the Path To War ]]><p>The US is clearly now pushing Russia towards war. But if you read the signs correctly, Russia has been preparing for exactly this outcome for many years.</p> <p>Out of several reasons that US power brokers specifically -- but western power brokers more generally -- are deeply unhappy with Russia right now is that Russia is committing a cardinal sin: it is openly, brazenly calling for an end to dollar dominance and has moved aggressively with China to achieve&nbsp;that aim.</p> <p><a href="" target="_blank">read more</a></p> Blog China dollar EU Gas Germany Japan Markets oil peak dollar Putin reserve currency Russia S&P Sanctions Ukraine UN Wall Street war White House Mon, 11 Aug 2014 23:25:13 +0000 cmartenson 86536 at Money Creation: The Fed - Crash Course Chapter 8 ]]><p>Chapter 8 of the Crash Course is now publicly available and ready for watching below.</p> <p>As a follow-on to the two previous chapters -- one explaining the&nbsp;<a href="" target="_blank">nature of fiat money</a>, the other showing how&nbsp;<a href="" target="_blank">money is loaned into existence</a>&nbsp;through our fractional reserve banking system -- this week&#39;s video details the Fed&#39;s near-magical ability to create money out of thin air (literally!).</p> <p><a href="" target="_blank">read more</a></p> Blog banks bonds central banking Congress debt economy Fed Federal Reserve fiat currency fractional reserve banking fractional reserve lending interest Janet Yellen money QE quantitative easing treasury Treasury bonds Sat, 09 Aug 2014 00:49:46 +0000 Adam Taggart 86538 at Is This Decline The Real Deal? ]]><p>Is this stock market decline the &quot;real deal&quot;? (that is, the start of a serious correction of 10% or more) Or is it just another garden-variety dip in the long-running Bull market? Let&rsquo;s start by looking for extremes that tend to mark the tops in Bull markets.</p> <p><a href="" target="_blank">read more</a></p> Blog bond yields Charles Hugh Smith equities housing bubble housing market junk bonds MACD market crash Markets reversion to the mean S&P 500 stock market stocks Wed, 06 Aug 2014 14:36:25 +0000 charleshughsmith 86490 at Money Creation: Banks - Crash Course Chapter 7 ]]><p>Chapter 7 of the Crash Course is now publicly available and ready for watching below.</p> <p>As a follow-on to&nbsp;<a href="" target="_blank">the previous chapter</a>&nbsp;explaining the nature of fiat money, this week&#39;s video details one of the two methods by which it is created:&nbsp;<em>fractional reserve banking</em>. As John Kenneth Galbraith famously stated &quot;The process by which money is created is so simple the mind is repelled.&quot;</p> <p><a href="" target="_blank">read more</a></p> Blog banking system banks Crash Course fiat currency fiat money fractional reserve banking fractional reserve lending John Kenneth Galbraith money Money Creation Sat, 02 Aug 2014 01:14:56 +0000 Adam Taggart 86445 at The West's Reckless Rush Towards War with Russia ]]><p>For reasons that have no rational explanations at this time, the US and Europe have embarked on a concerted program to demonize Putin, ostracize Russia, and bring the world as close to a major conflict as it&#39;s been since the Cold War, a time hardly memorable to many in the current crop of our elected officials.</p> <p><a href="" target="_blank">read more</a></p> Blog BUK-1 Crimea DigtialGlobe George Kennan Kiev MH-17 Obama Pat Buchanan Putin Russia State Department Ukraine war Thu, 31 Jul 2014 14:54:32 +0000 cmartenson 86415 at