Monthly Archives: April 2013

Over the last 5 years total commercial bank loans and leases have been essentially unchanged. This means that virtually every incremental dollar of US “GDP growth” has come solely courtesy of Ben Bernanke’s narrow money spigot. Banks do not feel … Continue reading →

Alasdair Macleod does a great job of analyzing the recent extraordinary price action of gold in the long term context of different groups of market participants. Article 120

Core financial problems were only temporarily fixed in 2008/9. Quietly, a new framework has been put in place. The rights and definitions of deposits has clearly been adjusted, just as the system of deposit insurance has become increasingly fictional. It … Continue reading →