Audit the Fed?

Originally posted on Tuesday, July 31st, 2012 Audit the Fed? The US House of Representatives voted, recently, by an overwhelming margin, to pass the Federal Reserve Transparency Act of 2012, popularly known as “Audit the Fed.”   Were it to pass in the Senate and be...

The Gold/Oil Ratio: .0602 ounces per barrel

Originally posted Saturday, July 28, 2012 Share “For the last 26 years, the price of gold dictated the price of oil with 99.579 percent accuracy.” Michael Jagger recently published a column in The Washington Times fact-checking a report by Fox 19...

Mundell’s Nobel Prize Speech

Originally posted Thursday, July 26, 2012 Share “The international gold standard at the beginning of the 20th century operated smoothly to facilitate trade, payments and capital movements.”  — Robert Mundell “The Royal Swedish Academy of...

The Paper Dollar Depresses Middle Class Income

Originally posted on Tuesday, July 24th, 2012 Recent posts here have addressed the apparent strong correlation between the final departure from the gold standard and the beginning of economic stagnation for the middle class. Recently, in BullionVault, analyst Nathan...