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Written by James Kanter
- The New York Times |
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Wednesday, February 20, 2013 |
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The president of the European Central Bank sought on Monday to ease fears that countries including Japan were deliberately weakening their currencies.
The comments by the president, Mario Draghi, appeared to show how some of the world’s most senior economic policy makers were continuing to limit the possibility of a so-called currency war.
Over the weekend, finance ministers from the Group of 20 pledged to refrain from devaluing their currencies to gain a competitive advantage in global trade.
During an afternoon Read more |
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Written by Paul Sullivan
- The New York Times |
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Wednesday, November 14, 2012 |
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The last time the world as we knew it seemed likely to end, Dan Tapiero thought about buying gold.
He didn’t tell his wife; they didn’t talk about things like that. In fact he didn’t tell anyone for a while. He just tried to figure out how he was going to buy physical gold as the financial markets collapsed at the end of 2008.
Mining stocks were not for him, and neither was buying gold on the futures exchange. That was financial gold, meaning it existed on account statements but was not tangible. He wanted the real Read more |
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Written by Annie Lowrey
- The New York Times |
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Friday, October 26, 2012 |
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A Treasury economist rummaging in the department’s library has stumbled on a historical treasure hiding in plain sight: a transcript of the Bretton Woods conference in 1944 that cast the foundations of the modern international monetary system.
Historians had never known that a transcript existed for the event held in the heat of World War II, when delegates from 44 allied nations fighting Hitler gathered in the mountains of New Hampshire to create the International Monetary Fund and the World Bank. But there were three Read more |
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Written by Floyd Norris
- The New York Times |
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Thursday, February 02, 2012 |
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>snip<
Under a gold standard, the dollar would be valued at a certain number of grams of gold, and the government would be ready to buy or sell gold to anyone based on that value.
The commission’s report was delayed and when finally released called for a continuance of the monetary status quo, albeit with the possible issuance of American gold coins to compete with the South African krugerrand. The platform plank turned out to have no real meaning, and gold bugs were outraged.
The commission, Murray N. Rothbard, Read more |
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Written by Editorial
- The New York Times |
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The Democratic Party Never in Favor of Fiatism.
Declarations of the Chicago Convention in Direct Opposition to Utterances of Jackson, Jefferson, and Benton--Distinct Approval of the Gold Standard Shown in Official Acts of These Men and Other Early Democratic Leaders.
October 12, 1896 - John R. Procter of Kentucky, President of the Civil Service Commission, has been looking over The Congressional Record in order to determine the ground the Democratic Party has held in times past with reference to the gold standard. Read more |
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