Tag Archives: Bretton Woods

• Parks chief warns of 'massive cuts, huge layoffs' as soon as 2020 (Chicago)
• No more excuses. Fix Pa. pension funds | Editorial
• Who’s Going to Pay for LA’s Unsustainable Pension Plans?
• ECB Official Warns QE Exit Could Spell Trouble for Italy's Debt
• U.S. recession chances edge up, risk Fed delivers fewer hikes: Reuters poll
• BOJ's Kuroda rules out early end of negative rate policy (Japan)
• Unthinkable?
• Bitcoin-Rigging Criminal Probe Focused on Tie to Tether
• NY BitLicense Approval, Blockchain for Energy Commodities, CFTC Enforcement, Advertising Use Cases and More

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The main lesson from Oroville — or Fukushima, or Katrina —  is that governments do a poor job of relating accurate information to their citizens when big threats are involved. Part of that is likely due to a desire to avoid stoking fear. Part probably due to politics and bureaucracy. And part probably due to plain old incompetence.

Regardless of the cause, it means that the public — even the vigilant ones — suffer information deficits when it matters most. Simply put, the authorities do not share all the facts necessary for making informed decisions.

Which brings us to one of the truly great risks we're facing today. One with much more destructive potential than a single failed dam but, like Oroville, one the authorities are desperate to keep us in the dark about.

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Monetary expert Jim Rickards returns this week to share the insights from his latest work The New Case For Gold, a detailed and highly-researched study of the fundamentals likely to drive the price of gold bullion in the years to come.

Rickards is quite confident that the price is going higher — much higher in fact — as the current world fit currency regimes falter, to be replaced by ones backed (at least in part) by bullion.

On the way to that outcome, expect the price to be subject to the geopolitical interests and aims of the largest players on the chessboard.

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Looking at the past 100 years of the US dollar'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 "temporary" emergency measures have a nasty habit of quickly becoming permanent.

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• Debunking The Notion Of Too Big To Fail (Video)
• Nixon Video, Ending Bretton Woods (Video From Nathan’s Economic Edge)
• One Journey (Video)
• How Is Chrysler Closing Dealerships? Not Nicely, And Maybe Not Well, Either
• YoY CPI Drops Most Since 1955 (Chart)
• Marc Faber on passing the baton to emerging economies (Video on page 2:20 point)
• CRIMINAL: Hedge Fund Managers Bankrupt Companies, SEC allows it (Video)
• Tanta’s Bench and Charity Update
• Chasing The Shadow Of Money
• Report: Smaller U.S.

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