Contra Bernanke on the Gold Standard

In his lecture at George Washington University on March 20, 2012,  Federal Reserve chairman Ben Bernanke said that under a gold standard  the authorities' ability to address economic conditions is significantly  curtailed. The Fed chairman holds that the gold standard prevents the  central bank from engaging in policies aimed at stabilizing the economy  after sudden shocks. This in turn, holds the Fed chairman, could lead to  severe economic upheavals. According to Bernanke,.....

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Economic Collaps????

Labyrint

Gold is Money , Gold Price up to $ 7000?

James Rickards explains that approximately 1.5% of major investment holdings are in gold, leaving massive room for demand growth. According to Jim, if this allocation percentage as little as doubles, the price of gold could easily double as well.

Source: Gold Prices Biz

Goudprijs gaat stijgen

 De Amerikaanse beursgenoteerde Gold Corp voorspelt dat de wereldwijde financiële zorgen de goudprijs dit jaar boven de US$ 2.000 per ounce zullen stuwen. Die prijs kan in de komende jaren zelfs verder stijgen, zegt president Rob McEwen van US Gold Corp.




http://www.starnieuws.com/index.php/welcome/index/nieuwsitem/8854

Gold for oil

When Gold Booms.....

Nouriel Roubini, the cofounder and chairman of Roubini Global Economics, said that a gold standard is unlikely to stabilize the financial system. On the contrary, holds Roubini, such a standard can only make things much worse.

Conclusions
A pure gold standard is not conducive to business cycles. Contrary to mainstream economists, we suggest that it is the attempts of the central banks to bring about price stability and full employment that set in motion the menace of boom-bust cycles. The mainstream view that during an economic slump it is OK for the central bank to pump money in order to revive the economy confuses money with funding. Printing more money cannot generate more goods and services; it can only redistribute the existing wealth from wealth generators to the holders of newly printed money. In the process this undermines the pool of real funding and weakens wealth generators' ability to grow the economy.

Meanwhile... Gold Booms!

Source: Boom, Bust & Gold

Iceland Pension Funds Going Down.....

Iceland’s pension funds, which hold the bonds behind most of the country’s mortgage debt, will try to block proposals to forgive as much as $2 billion in bad loans that the government says it is considering. A group that represents households demanding debt relief says lenders should write off up to 220 billion kronur ($1.99 billion) in mortgage loans to help the 39 percent of homeowners who are technically insolvent. The government this week said it may back the proposal as it responds to protests that drew bigger crowds than in the weeks before former Prime Minister Geir H. Haarde’s administration was ousted in January 2009. source