Print for inflation Abe said. No problem Abe said.
Tag Archives: gold
Texas Votes to Abolish Taxation of Gold
Texas wants its gold back from the New York Federal Reserve Bank. Now they are about to abolish the sales tax on gold and silver. The state still has huge amounts of oil. It has a thriving high tech sector and plenty of open space. The climate is generally good, though a bit hot in the summer. Ron Paul lives there. Overall Texas has got a lot of things going for it and if it’s an early (re)adopter of sound money* it will only make the Lone Star State that much more attractive.
Why would anyone live in New Jersey?
The long descent of the world’s fiat currencies. (Graph)
From Zerohedge.com
Ron Paul says, “Sound money is the bedrock for prosperity and the best check on… crony capitalism.”
What can I say? The guy is right. He’s right almost all of the time, and on this point he is especially right.
Market’s Identity Crisis Marches On
The rally’s been good for our 401ks but what is under the rise in stock prices? A whole lot of printed money.
JPMorgan Accounts For 99.3% Of The COMEX Gold Sales In The Last Three Months
Could the gold cascade of recent weeks be the result of a massive move by one player?
Dennis Gartman On Gold: “Panic is everywhere…I’ve never seen anything like this.”
Are the central banks turning off the spigot? Gartman thinks they are and that is what he thinks is generally pushing down the price of gold. Why the precipitous drop over the last 24 hours? He thinks that Cyprus having to sell off reserves has something to do with it. But no one’s exactly sure.
Things are weird again. We’ll see how long this blip lasts.
Trust in Gold Not Bernanke as U.S. States Promote Bullion
To the degree that they can, a few US states are seeking to shore up their finances. Specifically they are moving to make gold and silver legal tender (again). Texas is actually trying to “repatriate” its gold from the New York Federal Reserve. (We’ll see how that goes.)
All you need to know about how the Federal Reserve works, in one picture
About sums it up.
A run on the Federal Reserve (Texas wants its gold, Along with Germany, Azerbaijan, The Netherlands, Switzerland)
We are seeing a slow motion run on the Federal Reserve. Around the world faith in the dollar is on the wain and sovereign governments are becoming more concerned with the whereabouts of their ultimate store of wealth, gold.
