tag:blogger.com,1999:blog-3758330678390419129.post3875887801215934394..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Fed Vice Chair Nominee Stanley Fischer: Gold HaterRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3758330678390419129.post-41566998774444288852014-02-06T16:36:11.758-05:002014-02-06T16:36:11.758-05:00Fischer Worth Up to $56.3 Million Will Sell Assets...Fischer Worth Up to $56.3 Million Will Sell Assets to Join Fed <br /><br />Stanley Fischer, the nominee for vice chairman of the Federal Reserve, disclosed assets of as much as $56.3 million and said he would sell his shares of financial companies including BlackRock Inc. if he is confirmed.<br /><br />While Fischer has spent much of his career as an academic and government official, he served asAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-23209710794794104972014-02-06T14:04:36.976-05:002014-02-06T14:04:36.976-05:00The Ongoing War In Gold
“The problem that gold ...The Ongoing War In Gold<br /> <br /><br />“The problem that gold has faced since it peaked in nominal terms in 2011, is that the pricing mechanism for gold has been the Comex. The problem with the Comex is the high frequency trading algorithms and serious intervention by central banks, including the central bank for the central banks, which is the Bank for International Settlements (BIS)....<br Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-49516529415403249912014-02-06T13:38:01.705-05:002014-02-06T13:38:01.705-05:00The Mafia State of Mind
The mafia state of mind i...The Mafia State of Mind<br /><br />The mafia state of mind is all about establishing a monopoly that leaves the populace no other choice, and that creates sufficient leverage to enable systemic extortion. In the mafia state of mind, the government is a partner in the racket. When thugs arrive in a peasant village in China to drive the residents off their land so a corrupt developer can build Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-44341780499610348202014-02-06T08:52:19.091-05:002014-02-06T08:52:19.091-05:00"He dislikes it because banks can't print..."He dislikes it because banks can't print gold...power shifts from the financial elite to the people". Exactly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1371061620190687482014-02-06T08:34:17.817-05:002014-02-06T08:34:17.817-05:00Inflation is almost non-existent, no matter what c...Inflation is almost non-existent, no matter what consumers think<br /><br />But households may not be noticing much relief from a continued lower-cost environment.<br /><br /> The ordinary consumer doesn’t look at the inflation number put out by StatsCan, they look at how much it costs them every month to live<br /><br />“Unless there is deflation somewhere, prices are still rising [overall] Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26142731562519405612014-02-06T08:27:51.007-05:002014-02-06T08:27:51.007-05:00Sir Rees-Mogg said it beautifully in The Times of ...Sir Rees-Mogg said it beautifully in The Times of December<br />12, 1979:<br />“Gold is a possession and not a promise. A<br />government that owns an ounce of gold does not have<br />to ask the United States or anyone for permission to<br />cash it. The gold supply is finite; that is its monetary<br />significance.”<br /><br /><br />“Keynesianism and Friedmanism are simply<br />20th century Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11964608943549758762014-02-05T22:47:00.967-05:002014-02-05T22:47:00.967-05:00He dislikes it because banks can't print gold....He dislikes it because banks can't print gold. Under a true gold coin standard, power shifts from the financial elite to the people. It means no military empire, no TBTF banks, speculation is throttled, deficit spending can't persist indefinitely. <br /><br />Seems pretty darn attractive to me. Maybe when the Fed and Washington destroy the economy, we'll rediscover these simple Stevehttps://www.blogger.com/profile/13156269157955500129noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-4271862754887034272014-02-05T21:19:01.063-05:002014-02-05T21:19:01.063-05:00Human beings can do better than depend on the supp...Human beings can do better than depend on the supply of gold. We certainly should be able to do so, and we're doing so now--Bitcoins forever! <br /><br />There's nothing like the permanent prosperity we can all achieve by tying our future to a collection of electronic ones and zeros. Why waste real resouces to dig for gold, or even print ink on paper, when Central Banks the world over Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-53774501281738909482014-02-05T19:54:03.413-05:002014-02-05T19:54:03.413-05:00" It’s hard to quarrel with nostalgia for wha..." It’s hard to quarrel with nostalgia for what the 19th century must have been like. "<br /><br />Hey fuckwit, you know very well it's not about "nostalgia", so don't give us that BS Mr. Criminal.Mikehttp://www.antiwar.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-28583260867219402472014-02-05T19:08:56.015-05:002014-02-05T19:08:56.015-05:00Where's the increase in inflation? Consumer pr...Where's the increase in inflation? Consumer price inflation as measured by the CPI which you show has been steady around 2%. I think you're confusing levels with rates of change.Anonymousnoreply@blogger.com