The Fed’s Meaningless Taper – Podcast 12.20.13

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December 2013 Fed Meeting Review Podcast Summary 0:00-2:26 intro Has the Fed Met its Objectives? 2:26:6:30 discussion of Fed’s tapering of quantitative easing (QE) decision, ceremonious exit for Bernanke, Bernanke’s claim that the Fed has met its objectives, Fed tapers to keep options open to further taper; discussion of economic data and its impact on Read More →

December 2013 Fed Meeting Review

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Fed December 2013 Meeting “Beginning in January, the Committee will add to its holdings of agency mortgage-backed securities at a pace of $35 billion per month rather than $40 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $40 billion per month rather than $45 billion per Read More →

Bitcoin vs. The Dollar – Podcast 12/13/13

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Bitcoin vs. the Dollar Bitcoin: Can a Computer Mining Game Become a World Wide Currency? Podcast Summary 0:00-10:24 discussion of the Fed’s intention with respect to tapering QE against the backdrop of a budget deal and recent economic reports;experimental taper to test the market?;tapering still means expanding the Fed’s balance sheet; the impact of tapering Read More →

Fed Interventionism Creates Bubbles Like Bitcoin

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Federal Reserve Intervention Creates Bubbles Is Bitcoin Being Manipulated? Podcast Summary 0:00-6:22 Introduction- Week in Review; discussion of interest rates; waiter terminator/robots 6:23-10:00 Review of poor holiday shopping numbers and 3rd Qtr GDP; discussion of the interpretation of economic data and how the Fed uses its to continue QE but also to threaten to taper Read More →

The Silver to Gold Sales Ratio – November 2013

Gold and Silver Sales at the U.S. Mint November 2013 Silver Outsells Gold 52.2775.29 to 1 at the U.S. Mint in November The Gold/Silver Ratio was 63.47/1 in November – Retail investors continue to buy physical silver and gold in large quantities -2013 Silver Eagle sales to date pass 41 million and set all time Read More →

Bitcoin – A Mining Disaster Waiting To Happen

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What Rises as Fast As Bitcoin Inevitably Crashes UPDATE December 4, 2013- Bitcoin Counterfeiting Update December 4, 2013- Bitcoin Thief Steals Millions* See also: The Case Against Bitcoin Will Greater Bitcoin Adoption Mean Higher Prices? Here Comes Bitcoin Regulation “If I can’t find a reindeer, I’ll make one instead”! – Dr.Seuss, How The Grinch Stole Read More →

Bitcoin, Banks and Black Friday – Podcast 11.29.13

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Bitcoin and Banks Bitcoin, Banks and Black Friday Podcast Summary: 0:00-3:00 intro Black Friday 3:00-7:00 discussion of Black Friday; consumption vs. production; the Fed, China, cultural decline 7:00-12:37 discussion of interest rates and recent economic reports 12:37-17:00 Real estate “recovery”, inflation and interest rates, the government shutdown, new home sales,home price appreciation, tapering of QE, Read More →

The Case Against Bitcoin – A Faith Based/Emotion Backed Currency

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The Case Against Bitcoin See also: Bitcoin: A Mining Disaster Waiting to Happen Will Greater Bitcoin Adoption Mean Higher Prices? Here Comes Bitcoin Regulation Bitcoin is backed by nothing other than the hope that it might be worth more tomorrow Bitcoin is a relatively new crypto-currency that has received a lot of media attention recently Read More →

The Fed’s No Exit Dilemma – Podcast 11.22.13

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The Fed’s No Exit Dilemma Podcast Summary: Topics discussed 0:00-7:45 Fudging of the unemployment numbers prior to the 2012 election;the integrity of government data; QE’s impact on the economy. 7:45-13:45 data manipulation and interpretation by the Fed and the media; interpretation of initial jobless claims;Fed’s concern about not enough inflation;the media’s “recovery” mantra. 13:45-18:15 the Read More →

Message to Fed: Tapering IS Tightening

Tapering IS Tightening The Fed’s RecovQEry is in Jeopardy In June this year we noted the Fed is trapped. They know they have to stop quantitative easing (QE) as their balance sheet is already too large to unwind, the real estate and stock markets are already too dependent on QE and if they continue price Read More →