Last year the Chairman of the Federal Reserve told me that gold is not money, a position which central banks, governments, and mainstream economists have claimed is the consensus for decades. But…
Tag: Finance
Ron Paul – Legalize Competing Currencies
I recently held a hearing in my congressional subcommittee on the subject of competing currencies. This is an issue of enormous importance, but unfortunately few Americans understand how the Federal Reserve and…
Fractional Reserve Banking, Government, and Moral Hazard
Last week my subcommittee held a hearing on fractional reserve banking and the moral hazard created by government (taxpayer) insured deposits. Fractional reserve banking is the practice by which banks accept deposits…
The Day of American Austerity: What Will It Look Like?
In the United States, the belt-tightening has just begun By Elliott Wave International Since the start of the European sovereign debt debacle, the word “austerity” has been bandied about a lot. It…
Position Yourself for the Rest of “Conquer the Crash”
The earlier you prepare, the better May 23, 2012 By Elliott Wave International To this day, I wonder why Robert Prechter’s book Conquer the Crash has not been more widely recognized. It…
Credit Crisis: Are We Set Up for The Perfect Storm?
Robert Prechter discusses what’s backing your dollars January 26, 2012 By Elliott Wave International In this video clip, taken from Robert Prechter’s interview with The Mind of Money, Prechter and host Douglass…