Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Like Tree10Likes

Reply
 
LinkBack Thread Tools
Old 05-13-2019, 07:37 AM   #21
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,024
Liked: 2447 times
Quote :
The White House is considering conservative economist Judy Shelton to fill one of the two vacancies on the Federal Reserve Board of Governors that President Donald Trump has struggled to fill.

Shelton has been contacted by the White House regarding the position, according to two people familiar with the matter who described the outreach on condition of anonymity.
...
https://www.bloomberg.com/news/artic...-board-vacancy
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 07-10-2019, 11:44 AM   #22
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,024
Liked: 2447 times
Quote :
The gold market could have at least one new ally within the Federal Reserve after U.S. President Donald Trump nominated Judy Shelton to be a board of governor of the U.S. Central bank.
...
Trump’s second nominee is Christopher Waller, who is currently the vice president and director of research at the St. Louis Federal Reserve.

According to some market analysts, President Donald Trump’s nominees should have no problem being confirmed by the Senate. Shelton received senate approval for her current position.
...
https://www.kitco.com/news/2019-07-0...rnor-Spot.html
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 07-18-2019, 04:28 AM   #23
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,969
Liked: 872 times
Greenspan was a gold supporter before and after his term at the Fed ...

Quote :
gold was in the bear market in 1987-2001, i.e., for the most of Greenspan’s tenure. It should not be surprising, as Greenspan had a reputation for being strongly anti-inflation (and indeed inflation diminished significantly compared to the 1970s). At the same time, Greenspan firmly led the Federal Reserve through several events with major economic repercussions, including two US recessions, eagerly providing liquidity to the financial markets (such a stance was later named Greenspan put). Actually, he was given a share of the credit for the longest official economic expansion in U.S. history (March 1991–February 2000).

Gold started to soar in 2001, when Greenspan – in response to the burst of the dot-com bubble, September the 11th attacks and various other corporate scandals, initiated the series of interest rate cuts that pushed the federal funds rate in 2004 to unprecedented then level of 1 percent. Greenspan’s loose monetary policy at the time overlapped with an expansionary fiscal policy conducted by George W. Bush.

Greenspan served as the Fed Chair until 2006, but his impact on the gold market continued. The series of interest rate cuts from 2001-2004 helped to pump the real estate bubble, which burst in 2007, putting the world into the Great Recession in 2008. The financial crisis boosted the gold prices even more.

Before his service at the Fed, Greenspan was very close to Ayn Rand and the libertarian movement. In 1966, he even wrote a brilliant article titled “Gold and Economic Freedom” in which he emphatically stated that “Gold and economic freedom are inseparable”
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 07-18-2019, 04:30 AM   #24
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,969
Liked: 872 times
Gold and Economic Freedom -

http://www.constitution.org/mon/greenspan_gold.htm
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 07-18-2019, 10:06 AM   #25
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,024
Liked: 2447 times
Greenspan lived through the days when the world understood gold was money. People growing up today have only ever known fiat money. It's going to be a rude awakening for a lot of people when fiat fails.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
US Gold deficit is [trump]yuge![/trump] PMBug Gold Bug 3 11-05-2015 06:26 PM
I think I like trump Penn STS 8 07-02-2015 08:10 AM
How much do you need to feed a family benjamen BSTS 10 02-19-2013 06:38 AM
[VIDEO] Evelyn de Rothschild wants an international fiat currency swissaustrian Fiat Ponzi 7 11-20-2012 01:47 PM
Talking with the family. KMS BSTS 17 03-09-2012 10:16 AM


All times are GMT -5. The time now is 05:43 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.