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Is there someone who knows the Bank of Canada equivalents to the following Federal Reserve series: 1. Monetary base 2. Excess reserves I am sure I will find it eventually, but would appreciate an assist, as I am trying to evaluate whether my parents, who live in Canada, should takesome sort of precaution.
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...about the arbitrage: I assume the opportunity would hasten gold to its correct price thus removing the opportunity.
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Is the Paul Van Eeden (PVE) index a valid construction? The PVE index somehow combines the currencies of thirty-five of the United States’ largest trading partners into a global price for gold. Is it valid to compute a weighted sum of currencies to obtain a "global" price? Isn't this a little like computing the cost of horses by
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I just read this in the Wall Street Journal: [quote user="WSJ"]Normally when the Fed injects funds into markets, it must sell U.S. Treasury securities to drain reserves and keep the federal-funds rate at its target."[/quote] This is this ass backwards, right? http://online.wsj.com/article/SB122469972322859069.html?mod=googlenews_wsj
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[quote user="eliotn"] Is that why people can't get loans? [/quote] Check the following graph: http://research.stlouisfed.org/fred2/series/CONSUMER?cid=100 People can, and are, getting loans.
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The basis for my question is that the shell game between the federal reserve, the treasury and the commercial banks is an evolution. Likely, it will continue to evolve, if it is to survive. For example, until it blew up in their face, manipulating the reserve requirement was the primary way the federal reserve inflated the money supply. Now, it's
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...that is, does the federal reserve buy old bonds from the commercial banks who then extend credit to the treasury?
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Is this method of financing the defecit still current? If so, I have a couple of questions. Rothbard, The Mystery of Banking, p. 172: "The third method is, like the first one, compatible with modern banking procedures, but combines the worst features of the other two modes. This occurs when the Treasury sells new bonds to the commercial banks.
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[quote user="Pyramid"] Interest rates are at 1.5%, they are not going to stay there. I think they will rise in conjunction with the socialization of our economy. [/quote] If you can take Bernanke at his word, then, as the following article reveals, runaway inflation is a real risk: http://www.lewrockwell.com/blumen/blumen10.html
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[quote user="Epimenides"]I am a doer, not a sayer, and do not have time for idle repartee.[/quote] Kinda like George Bush, huh?