Economics Questions

Re: Who is this Mr. Fed guy?

Whatcom — Thu, 05 Mar 2009 02:35:16 GMT

I think it was on part 10. He was talking about gold prices being kept constant by the fed. He said the fed will keep it between $350 and $450. Thanks.

Re: Who is this Mr. Fed guy?

bearing01 — Wed, 04 Mar 2009 16:57:36 GMT

I watched Mr. Fed's videos on youtube.

Seems to me he was a guy with some inside friends and he had kept a keen eye on what banks were doing. His observation of the risks the wall street banks were taking led him to conclude there would be a big discontinuous fall in the banking sector.

I don't think his views were keynesian, monetarist or Austrian. He was more or less reading news paper clippings and stating his opinion. He was right. I don't recall his mentioning anything about gold.

His predictions are old news now.

Re: Who is this Mr. Fed guy?

nirgrahamUK — Wed, 04 Mar 2009 15:15:24 GMT

which 'Austrians' have said what wrong things about gold?

Re: Who is this Mr. Fed guy?

Luna — Wed, 04 Mar 2009 14:42:30 GMT

One good advice. Forget what you heard from that guy.

BTW Milton Friedman had a lot of things right and Austrians also have a lot of things right, except GOLD.

Who is this Mr. Fed guy?

Whatcom — Wed, 04 Mar 2009 06:23:58 GMT

Okay, I am new to economics and have begun to do lots of reading that has been suggested from other forum participants. Thanks for all that. Anyway, through my readings online I ran into a blogger who mentioned watching a video series from a guy named Mr. Fed. Mr. Fed seemed knowledgeable about the monetary system then mentions how Milton Friedman was so wrong and how those who believe gold is the answer are still living in the 60"s. He says banking has changed since then and it is not so simple to do things that I sense Austrians are suggesting. He talks about the Fed being in this for its own profit through purchasing and selling treasuries. I can see that I guess. The guy did tell of the coming gloom in March of 2008. Is he someone that is supporting Austrian theory? What are your thoughts on the guy? To be honest I could not find anything on him since his 13 videos in early 08. Some of the things he said were informative and some seemed to criticize things that I have heard from people here. Thanks.