By: Andrew Moran The U.S. dollar has been as good as gold for the last 70 years, enjoying its hegemony as the international reserve currency. Despite the Federal Reserve destroying the greenback’s value over the last 100 years, foreign governments, central banks, and global financial markets have depended on the buck for everything, from its status as […]
Austrian Economics
Week in Review: November 18 to November 24
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: China slashes short-term funding rate, expected to slash RRR before end of year CNN: ‘Truth still matters’ so here is Dan Rather to discuss Why are libertarians losing […]
Will Christine Lagarde’s ECB distort financial markets in the next recession?
By: Andrew Moran By now, you might be wondering if the central bankers have exhausted all the weapons in their arsenal. Money-printing and bond-buying, ZIRPs and NIRPs: What else could the smartest men and women in the room possibly employ? Well, in addition to doubling down on these unconventional policies that have failed to deliver substantial growth in […]
Eat the savings? Nope – we need the savings to prevent a liquidity crisis
By: Frank Shostak With interest rates in many countries close to zero or even negative, some commentators are of the view that monetary policy of the central banks are likely to become less effective in navigating the economy. In fact it is held that we have most likely reached a situation that the economy is […]
Week in Review: November 11 to November 17
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: #VeteransDay2019: Where are U.S. troops based around the world? The globalist war on your savings BREAKING: Pete King will not seek re-election in 2020 WATCH LIVE: Trump impeachment […]