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Pension Funds Start Looking to Gold to Avert Disaster

Pension Funds Start Looking to Gold to Avert Disaster
By Stefan Gleason, Money Metals Exchange Public and private pension plans face a dual crisis. The first and most obvious threat to pensioners is that defined-benefit vehicles are severely underfunded. By one estimate, pension systems taken as a whole are $638 billion in the red. Some are in better shape financially than others. But all pension plans will have to... Read More

Has the Fed Let the Inflation Genie Out of the Bottle?

Has the Fed Let the Inflation Genie Out of the Bottle?
By Stefan Gleason, Money Metals Exchange The dramatic ascent of precious metals markets this summer reflects what could be just the start of a longer-term decline and fall in the Federal Reserve Note’s value and status. With gold prices surpassing $2,000/oz recently, the monetary metal has now made new all-time highs versus all the world’s major fiat currencies. Gold is,... Read More

Monetary Metals Don’t Need a “Gold Standard” Proxy System

Monetary Metals Don’t Need a “Gold Standard” Proxy System
President Trump moved recently to nominate an avowed sound money advocate, Judy Shelton, to the Federal Reserve Board. That triggered a flurry of superficial and derisive references in the controlled media to Shelton’s past support of a gold standard. For example, CBS News described her as “a believer in the return to the gold standard, a money policy abandoned by... Read More

Big Tech, Big Banks Push for Cashless Society

Big Tech, Big Banks Push for Cashless Society
The War on Cash isn’t a conspiracy theory. It’s an open agenda. It’s being driven by an alignment of interests among bankers, central bankers, politicians, and Silicon Valley moguls who stand to benefit from an all-digital economy. Last week, Facebook – in partnership with major banks, payment processors, and e-commerce companies – launched a digital currency called Libra. Unlike decentralized,... Read More

Showdown Looms on Federal Spending, Border Wall

Showdown Looms on Federal Spending, Border Wall
U.S. government agencies could run out of operating funds starting on midnight this Friday, December 7th. At issue: President Donald Trump’s proposed border wall. He wants Congress to commit $5 billion for construction of a wall along portions of the U.S.-Mexico border. The migrant caravan that recently attempted to crash the border near Tijuana has helped rally Republicans to support... Read More

Trump’s Backdoor Power Play to Rein In the Fed

Trump’s Backdoor Power Play to Rein In the Fed
“Just run the presses – print money.” That’s what President Donald Trump supposedly instructed his former chief economic adviser Gary Cohn to do in response to the budget deficit. The quote appears in Bob Woodward’s controversial book Fear: Trump in the White House. Trump disputes many of the anecdotes Woodward assembled. But regardless of whether the President used those exact words,... Read More

How Sound Money Principles Can Bolster Your Personal Finances

How Sound Money Principles Can Bolster Your Personal Finances
Sound money principles can serve to help grow the economy and restrain government. The political class, however, doesn’t particularly want to restrain itself. Washington, D.C. is addicted to the easy money policies that have enabled $20 trillion in national debt accumulation and tens of trillions more in unfunded liabilities. Even with a new and unconventional GOP president who vows to... Read More

Outside-the-Box Thinking to Bear on the Fed

Outside-the-Box Thinking to Bear on the Fed
How Trump Can Bring Outside-the-Box Thinking to Bear on the Fed President-elect Donald Trump will soon have the opportunity to put his stamp on the Federal Reserve. And that is making the elite body of central bankers nervous. On the campaign trail, Trump harangued Fed chair Janet Yellen for pumping up financial markets with cheap money – accusing the Obama... Read More

Greenspan, Gold, and the Banality of Evil

Greenspan, Gold, and the Banality of Evil
Under certain circumstances, seemingly decent human beings are capable of horrific things. So it is with Former Federal Reserve Chairman Alan Greenspan, who parlayed his sound money bona fides into the top post at America’s private banking cartel and current issuer of our un-backed currency. In betrayal of his own stated free-market principles, Greenspan spent his tenure at the Fed... Read More

What Can Gold Do for Our Money?

What Can Gold Do for Our Money?
One of the chief virtues of a gold standard is that it serves as a restraint on the growth of money and credit. It makes runaway government deficit spending and major monetary catastrophes such as hyperinflation practically impossible. Opponents of a gold standard can’t defend the political malpractices that are enabled by a fiat currency regime. So instead they spin... Read More