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Written by Kathleen Packard
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Wednesday, February 13, 2013 |
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Be forewarned: Economic war has been declared and is spreading around the world. In early February, the Venezuela government devaluated the Bolivar by 46.5 percent Venezuela’s actions reflected actions being taken elsewhere.
Fortune’s Allan Sloan wrote recently about the side effects of the Fed’s QE1,2,3, policies: “The first Fed side effect, currency wars, is an example of how something good – stimulating our economy by lowering interest rates – can have a downside. Cutting interest rates faster and more deeply tha Read more |
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Written by Ralph J. Benko
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Tuesday, February 12, 2013 |
 A "world historical" move?
As The GATA Dispatch reports: "Lauren Lyster today interviewed fund manager and "Currency Wars" author James G. Rickards about the Bundesbank's attempt to repatriate some of Germany's gold, a move Rickards considers "world historical" in importance, confirming that gold is "the real base money, high-powered money."
This commentator is in complete agreement with Rickards that gold is "the real base money, high-powered money" Read more |
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Written by Kathleen Packard
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Wednesday, February 06, 2013 |
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When leaders of the BRICS meet in Durban South Africa in late March, they will seek to finalize plans for a new development bank. After a recent meeting among revenue ministers in India, the BRICS agreed to a series of measures to coordinate tax policy. But on many other fronts, the news is not good for Brazil, Russia, India, Read more |
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Written by Kathleen Packard
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Wednesday, January 30, 2013 |
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The blame game has been a popular game since the Great Recession began in 2007. Among the fiscal sinners in Europe, it is popular to complain about the austerity of German Chancellor Angela Merkel. And now it is true that even German’s economy is slowing. In the fourth quarter of 2012, it slowed 0.5% with unemployment of 6.9%.
The German government now predicts growth in 2013 of 0.5% as export growth continues to stall. At the end of last year, the Economist predicted Read more |
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Written by Steve Hanke
- Globe Asia |
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Tuesday, January 29, 2013 |
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The year 2012 has come and gone, and so have many things that were once accepted as conventional wisdom. Let’s take a tour d’horizon and examine three ideas that bear rethinking in 2013.
Rethinking the Money Supply
I begin with the nonsensical way that most central banks, including the U.S. Federal Reserve, measure the money supply. Conventional wisdom holds that the best way to measure the money supply is to define the components that make up a particular measure of money (from M0 to broad M4) and then simply add up Read more |
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