Articles
Book review of Frederick Sheehan’s Panderer to Power
Read Bill Bergman’s excellent review of Frederick Sheehan’s 2010 book Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession, which provides us a window into the sources of the worst financial and economic crisis since the Great Depression. Part I Part II
Authoritarian Audacity is Going To Crash
Authoritarian Audacity is going to Crash by Bob Hoye (in PDF format)
It’s in the Law!
AMERICA HAS NOTHING TO FEAR BUT FEAR ITSELF by Dr. Edwin Vieira, Jr., Ph.D., J.D. There is mounting concern these days about the fragility of America’s monetary and banking systems, and especially about the possibility that, as a result of foreigners’ loss of confidence in the Federal Reserve Note as a viable world-reserve currency, huge amounts of foreign holdings of “dollar”-denominated instruments of credit may suddenly pour into America’s domestic economy, to buy up hard … Read more
Is Globalization Sustainable?
Alfred E. Eckes October 27, 1999 Thank you for this opportunity to visit again. Today I want to challenge your thinking about globalization – and to present a historical perspective that has both bullish and bearish elements. So buckle up your seat belts – it is October and the 70th anniversary of the crash of 1929! One of the questions I want to raise today is whether the new global economy is real or whether … Read more
Governments Are Born Stoic And Die Epicurean
BOB HOYE PUBLISHED BY INSTITUTIONAL ADVISORS Address to the Spring Dinner of the Committee for Monetary Research and Education (cmre.org) May 20, 2010 Governments Are Born Stoic And Die Epicurean The phrase modifies an observation by Will Durant, who was an historian practical enough to appreciate the irony often found in history. More specifically, the long history of those who keep coming up with claims that financial history can be successfully altered provides exquisite irony. … Read more
Worst Still Ahead for Economic and Systemic-Solvency Crises
Worst Still Ahead for Economic and Systemic-Solvency Crises by John Williams (in Word format)
Great Depressions Are So Methodical
Address to the Spring Dinner Meeting of the Committee for Monetary Research and Education (CMRE) INSTITUTIONAL ADVISORS May 14, 2009 BOB HOYE Great Depressions Are So Methodical One of the features of a great boom is the excitement of shared convictions about eternal prosperity. One of the features of the consequent contraction is bewilderment about how suddenly the bust arrived. Beyond those directly hit, the establishment becomes perplexed by the loss of liquidity and wonders … Read more
Opening the Mint to Gold and Silver
OPENING THE MINT TO GOLD AND SILVER A sequel to “The Double Whammy of Geopolitical Global Gold Games” Antal E. Fekete Gold Standard University aefekete@hotmail.com In my last article I suggested that the superpowers China, Russia, and the United States may, without knowing it, be racing towards reopening their Mints to the monetary metals. The governments of these countries are like the heroes of Greek tragedies: they are drawn to their fate by destiny. There … Read more
Ropespinner Conspiracy
BOB HOYE PUBLISHED BY INSTITUTIONAL ADVISORS SEPTEMBER 2007 THE ROPESPINNER CONSPIRACY The Ropespinner Conspiracy is a novel by Michael M. Thomas, a former investment banker who writes enjoyable novels about high finance. The title relates to Lenin’s observation the “Capitalism will sell us the rope with which we hang it”. Published in 1987 the story is about a brilliant but insidious Soviet conspiracy to infiltrate the U.S. banking system and corrupt it to its own destruction. The attempt … Read more
Fragility, Instability and Moral Hazard
Fragility, Instability and Moral Hazard by Peter Warburton (in PDF format)