Statement on the Closure of the Legal Case for Iraq In Spain - The Brussels Tribunal (15/2/10) PDF Print E-mail
The Brussels Tribunal   
Sunday, 14 February 2010 19:05


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Trouble at the Fed - By Antony P. Mueller, Mises Daily (15/2/10) PDF Print E-mail
By Antony P. Mueller, Mises Daily   
Sunday, 14 February 2010 09:38

In line with the basic rule that few things are more helpful to a political career than catastrophic failure, Ben Bernanke was confirmed by Senate vote for four more years as chairman of the US Federal Reserve System (the Fed) on January 28, 2010.

In persistent denial that it was ample liquidity in the first place that caused the present dire economic situation, the head of the Fed holds the view that "too little inflation" has been the true threat all along. Fear of deflation is Ben Bernanke's recurrent nightmare. In fact, his deflation worries form the basis of the so-called Bernanke doctrine, which says that the cure is monetary expansion and, consequently, holding interest rates as low as possible.

Since his first days at the Fed, as a member of the Board of Governors in 2002, Bernanke has promised to be a big printer of money. And since he took over the helm from Greenspan as chairman of the US central bank in 2006, he has fully lived up to this pledge.



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Unconditional Redemption for Gold - By Ludwig von Mises, Mises Daily (15/2/10) PDF Print E-mail
By Ludwig von Mises, Mises Daily   
Sunday, 14 February 2010 09:36

[This article is excerpted from chapter 17 of Human Action: The Scholar's Edition

"No 'defender' is needed to 'protect' a nation's currency system."

The use of the terminology of warfare is inappropriate in dealing with monetary matters, as it is in the treatment of all other catallactic problems. There is no such thing as a "war" between the central banks. No sinister forces are "attacking" a bank's position and threatening the stability of foreign-exchange rates. No "defender" is needed to "protect" a nation's currency system. It is, moreover, not true that what prevents a nation's central bank or its private banks from lowering the domestic market rate of interest is considerations of the preservation of the gold standard and of foreign-exchange stability and of frustrating the machinations of an international combine of capitalistic moneylenders. The market rate of interest cannot be lowered by a credit expansion except for a short time, and even then it brings about all those effects that the theory of the trade cycle describes.



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Gain From the Looming Armageddon - By DeepCaster (15/2/10) PDF Print E-mail
By DeepCaster   
Sunday, 14 February 2010 09:34


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There Is No Business Like the Bond Business - Front-Running the Fed In the Treasury Market - By Antal E. Fekete, Gold Standard University Live (15/2/10) PDF Print E-mail
Antal E. Fekete, Gold Standard University Live   
Sunday, 14 February 2010 09:30


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