Browsing: Dollar Decline
Chuck Butler reports on the performance of precious metals after the U.S. mint announced a freeze on buying silver American Eagle coins by the U.S. mint, plus Greece requests a 3-year Emergency Stability Mechanism loan... All that and more in today's Daily Pfennig...
GoRemy's Christmas ode to the Federal Reserve is well timed. From ReasonTV.
"I've always wanted to find out for myself-- does this man actually believe that printing money is the path to prosperity?" Asks Simon Black, who recently dined with Ben Bernanke. "As it turns out, he does believe it."
The numbers are clear: the central banks of Japan and the U.S. are killing the private market for government debt. Any resuscitation of the bond markets will be catastrophic at this point.