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CELTICGOLD is based on the Isle of Man but provides buying and selling services for over 90 countries worldwide.Celticgold is one of very few bullion companies in the world that next to best prices and a fast and secure service provides knowledge for you to become a gold-insider.

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  1. 1. Precious Metals News 20th May 2012______________________________________________________________________________________________________________________________Hello Everyone!Thank you for sending in your testimonials and thank you for your time in This week you’ll find:helping us with this, very kind. Markets: Update onI would like to put a focus on articles from various newspapers and discuss Gold and Silverthem here from time to time as the world seems so fast moving and the (Page 1 to 3)stuff that happened yesterday doesn’t count so much as there is somethingnew every minute that wants our attention. Radio Interview With Mark and BasilBut as you know; I like to transport knowledge and with knowledge comes from the Out Thereunderstanding and with understanding we gain wisdom. Wisdom is Show (Page 3)knowledge put into practicable application. Wisdom is what keeps yousafe in the end so we’re looking for something to understand and I must Knowledge:say the media is full of misinformation. But once we learned what tricks Academically proventhey use we gained understanding and won’t be influenced anymore. facts about the history of money. (Page 3)The article discussion is one of the examples. Bloomberg ArticleAnd obviously we discuss in Markets the latest movements which are in discussion on ‘Thefact very interesting. Gold standard’ (Page 5)We hope you find the information helpful and educational. Story: How to set upAll the best, sincerely, broadband in Ireland – A Pharmacy on aStefan Kramer Monday and a guyDirector called Pat. (Page 9)Markets: Update for the Gold MarketAs stated in the last two newsletters gold has a strong support line in thearea in the range of $1,535 to $1,585 per ounce.Gold declined from the beginning of this week towards the $1,535 markand wildly bounced back on Friday closing at $1,592.According to Dan Norcini there is resilience in the range of $1,615 to$1,625 if gold closes above $1,600. If gold moves up and closes above$1,600 for a few days and holds that level than this will be very bullish forgold for the rest of year. The technical picture created out of this scenariowill indicate this year’s low in gold.As said in the last newsletters this is a great buying opportunity. Page 1 of 9_________________________________________________________________________________________________________________Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of ManThis information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metalsdealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
  2. 2. Precious Metal News 20th May 2012Please see here Dan’s latest chart:In the coming few weeks gold should hover in the range of $1,580 and$1,615.A note for all buyers in Euro: You don’t see this strong gold price moveson a Euro basis as the Dollar became stronger going to $1.278 from$1.33 a couple of months ago. Right now the focus is in Europe onSpanish banks and Greece. Well, the situation in the US is not any betterthan in Europe but the focus is right now in Europe and that counts badlyfor the Euro.That means keep buying.Markets: Update for the Silver MarketSilver bottomed out at $26 this week and it’s supposed to go down fromthe current level at $28.67. But as often said silver is a tiny, highlymanipulated market and therefore volatility is higher.As always keep the faith if you have invested and remember to stay in longterm. We move from the ‘wait’ from last week into ‘buy’ now. Page 2 of 9_________________________________________________________________________________________________________________Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of ManThis information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metalsdealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
  3. 3. Precious Metal News 20th May 2012Radio Interview with Mark and Basil from the OutThere ShowPlease find here a link to a radio interview I did. My interview goes from17.30mins on and we talk about gold and the marketshttp://www.youtube.com/watch?v=p2F0H9bvd9o&feature=plcp&context=C4deff2aVDvjVQa1PpcFNgtZJX4bf6TnEO3A8l2eEILjLhVkmcVFM=Knowledge: Academically proven facts about thehistory of money.Many of you that bought the ‘Goldbook’ know Im a fan of monetaryhistory as it shows clearly the cycles and how much we can learn from thepast to protect and increase our wealth in today’s climate.It’s quite a statement to say: Every man-made currency failed. Gold hasnever failed.A couple of years ago the correct info wasn’t spread throughout theinternet and it took me two years to research information. Most of theinformation needed to be researched from books and specialised historybooks on one decade for a specific country to extract this one monetaryinfo of what happened to the currency say. Page 3 of 9_________________________________________________________________________________________________________________Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of ManThis information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metalsdealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
  4. 4. Precious Metal News 20th May 2012And when you come across a book that contains 800 years of financialhistory over 80 countries that proofs the above statement, I think, wow, thisis very cool – good to have this info.The following book, written by two economic professors Carmen M.Reinhart and Kenneth Rogoff is considered to be one out of the five mostinfluential books about money and it is called:This time it’s different – Eight centuries of financial folly.I love the fact that the book is written in a normal language that the interested reader understands. I highly recommend reading this book. Let’s look at a few immovable facts: Crises happen over the time in every country worldwide and hits emerging markets as well as industrial countries. Therefore are three main criteria: • Crises occur despite guarantees by governments and bank • Way out of crisis always: Continued economic recession • The greater the crisis, or sum, the longer and more difficultA crisis occurs usually through a bubble in different markets, most likelythe housing market. The value of mortgages was in the beginning of 2008approx. 90% from the US GDP. The current drop in house prices is asdouble high as in 1929. 28% compared to 14% in the year 1929. Crisesare “normal” in paper-money systems. Page 4 of 9_________________________________________________________________________________________________________________Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of ManThis information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metalsdealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
  5. 5. Precious Metal News 20th May 2012The five after-effects of crises:1. Real estate prices: - 35% on average and require six years to recover2. Shares: - 56% on average and require 3.5 years to recover3. Economic slump: - 9% for an average of three years4. Unemployment rate: +9% for an average of four years5. Public debt rise on average by 86%In the time from 1800 – 2009 occurred: Foreign debt =250 Foreigndebtcrises and A country owes68 Domesticdebtcrises money to foreignFrom 1945 to 2007 happened 138 banking crises countries, often in a foreign currencyConclusion: Historically all crises follow the same pattern over and overagain. And the only times when there was no crises was a time when gold Domestic debt =and silver were used as money and not being counterfeited. A country owes money to its ownMore books and links that help you making sound investment decisions citizens in its ownare here on our website: http://www.celticgold.eu/en/learn/books-and- currency.links.htmlYou find more information on the book with links to video interviews here:http://press.princeton.edu/titles/8973.htmlBloomberg Article discussion on ‘The Gold standard’I would like to discuss two articles here. The both original articles are attached atthe end of this newsletter. First the Business Insider published an article on 20thMarch 2012 titled ‘Ben Bernanke Explains Why The World Will Never SeeAnother Gold Standard’Here is the link:http://www.businessinsider.com/ben-bernanke-explains-why-well-never-see-another-gold-standard-2012-3#ixzz1uqVTlEdRThe second article was published May 2nd on Bloomberg titled ‘Gold Standard forall, from nuts to Paul Krugman’Here is the link:http://www.bloomberg.com/news/2012-05-02/gold-standard-for-all-from-nuts-to-paul-krugman.htmlTo summarize the two articles: Ben Bernanke explains with three arguments whythere can’t be a gold standard - never. Page 5 of 9_________________________________________________________________________________________________________________Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of ManThis information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metalsdealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
  6. 6. Precious Metal News 20th May 2012First Bernanke explains, there is not enough gold. Second, despite longterm stability, on a short term changes in gold supply cause volatility inproduct prices. Third, it is bad to consequently link a currency to gold andthat was the reason why the Great Depression took so long to recoverfrom.In the Bloomberg article the focus is on growth during the time of the puregold standard from 1870 to 1913, then the period of a gold exchangestandard (Bretton Woods) 1948 to 1972. The period of flexible exchangerates was then from 1972 to 2008.Author Amity Shlaes first pushes against the gold standard as ‘a terribleidea’. She writes that economists will marginalize you and consider you aweirdo if you even raise the topic of monetary policy in relation to gold.She reports the results of the growth from the three time frames with thelatest Bank of England report.The Bank of England researchers Bush, Farrant and Wright published thata gold standard generally stabilizes banks and the growth during the goldexchange standard was the highest with 2.8% average annual growth.On page two of the article Amity Shlaes writes: ‘The main sacrifice in goldregimes that the authors identify is that governments lose authority tomicromanage domestic economies. But given governments’ track records,that may not be such a bad thing, either.’It is nice to see the Bloomberg article talks about the latest Bank ofEngland report. So the Central Bankers must know by now.Will we return to a gold standard? I don’t think so as the Central Banksdon’t have any gold left. The official statistics lie. The only way to find outwould be to walk in and count what is there and compare the serialnumbers to make sure this gold has not being lent out.The strongest argument against a Gold Standard is ‘There is not enoughgold’.Let’s discuss this in a bit more depth – A price is a thought form. It iscreated by the human mind. If you have read the last article on ‘Interest’you know that prices are already artificially higher than they have to be.Cut out 85% of the gas prices or reduce general prices by 70% and youcome closer to what is normal. Gold is debt free which would bring pricesdown substantially.The world’s GDP is $70 trillion, $70,000,000,000,000. If you cut out allthe unnecessary interest and taxes by 80% you come down to a real GDPof $ 14 trillion. Page 6 of 9_________________________________________________________________________________________________________________Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of ManThis information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metalsdealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
  7. 7. Precious Metal News 20th May 2012There are 170,000 tons of total gold mined in this world. 1 ton is 1,000kilo. One kilo of gold as of per 14th May 2012 costs $50,042 ($1,556per Troy Ounce).170,000,000 kilo of gold (170 million kilo) is actually worth in US$ 8,5trillion.Conclusion: There is enough gold. But it’s not in Europe or NorthAmerica. Technically not all the mined gold will be able to back acurrency as much of the gold is used as jewellery. But remember thecountries that have most of the gold often use jewellery gold as money, forexample India. So the above conclusion may proof to be accurate.But you can easily divide any amount of gold into equal shares. Meaningyou can divide a coin into four quarters or ten tenths.The truth is: The Western Economies simply don’t have any significantamounts of gold left. Bernanke should have said: There is not enoughgold in our vaults anymore. The gold was sold at an average of $200 anounce from 1944 on.It’s most important that you and your friends own gold. When the papercurrency system fails, you can buy a town and lands and have it declaredas a separate country if you wish. Or have your wife go for shopping andshe comes back and says: ‘Hello, Darling I just bought High Street thismorning – it was a bargain.’How to set up your internet connection in ruralIreland - – A Pharmacy on a Monday and a guycalled Pat.Ive moved houses and settled in the beautiful west of Ireland. When Iarrived, I needed to connect to the internet. As this is a rural area I knewEircom, the official phone provider would not be able to provide internet.So what to do?Ask the locals. I drove into the next town and went to an Expert electronicsshop and thought this would be the only logical option. Walking into theshop, I was disturbing two guys on their Monday morning chat. The guysstopped immediately talking as I walked in and asked me Can I help youthere? It wasnt the usual very friendly helpful question it was more on theline: What do you want... I want to chat to my friend here.So I asked what would be the best way to connect to the internet. The guysaid: Go up the road to OSH??? they have it sorted for you.Ok, thanks, man. And I wandered off. Page 7 of 9_________________________________________________________________________________________________________________Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of ManThis information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metalsdealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
  8. 8. Precious Metal News 20th May 2012I went up the road not really knowing what I was looking for as there wasno proper shop with a sign Internet here, or Get broadband now.I walked past a pharmacy called ‘Sheahans’ and I thought, ok, thatsounds like the name the guy in the expert shop said. But its ratherunusual to pop into a pharmacy and sort out your broadband connection.Sheahans Pharmacy – The place to sort out your internet and ask for Pats number.The sign said: Pharmacy and Digital Photos. A bit unusual but nonethelessI went in…... and started to ask the staff about broadband internet. Apologising forthe fact that I was knowingly being in a pharmacy and am aware that theonly cure Im looking for an internet connection.The pharmacist was very cool and very friendly, telling me all about thelocal broadband options and what to do best. He gave me a note with themobile number of Pat.Pat’s your man, he said and the guy who runs the wireless broadbandnetwork which is the only real option in this area.I asked him why he knew so much about the broadband here and he saidhe has on of the masts of this network on his property.What a coincidence – a true story I swear. Page 8 of 9_________________________________________________________________________________________________________________Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of ManThis information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metalsdealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
  9. 9. Precious Metal News 20th May 2012CELTICGOLD: Our take on the financial marketsWe at CELTICGOLD believe that a stratospheric rise of gold and silver Preview for nexthappens in the next few years. Government bailouts, billions and trillions newsletter:of dollars and euros of budget deficits at the expense of the taxpayer andmassive money printing by central banks will result in a collapse of the Article discussionmajor currencies. ‘The Truth about Gold’ on Business InsiderWe at CELTICGOLD believe that one of the few ways to protect yourwealth from the coming economic chaos is through physical ownership of Story: Balancing thethe precious metals. egg is like balancing financesWe at CELTICGOLD further believe that one can only make sound moneydecisions with a basic knowledge of how the current monetary systemworks. We invite everyone to gain knowledge and build a true view inorder to make investment decisions. Page 9 of 9_________________________________________________________________________________________________________________Contact: info@celticgold.eu Phone: +44 20 8144 4339 CG IOM Ltd. Ramsey, Isle of ManThis information is for private use only. The opinions and views expressed are those of CG IOM Ltd. CG IOM Ltd. is a precious metalsdealer and is not a certified financial advisor. Before making an investment decision please consult a qualified financial professional.
  10. 10. Gold Standard for All, From Nuts to Paul Krugman - Bloomberg Seite 1 von 3 Gold Standard for All, From Nuts to Paul Krugman By Amity Shlaes - May 2, 2012 Nut cases. That’s what they are. And if you take an interest in them, you are a nut case, too. That’s the consensus among credentialed economists who describe advocates of a return to the monetary regime known as the gold standard. In fact, the economic pack will marginalize you as a weirdo faster than you can say “Jacques Rueff,” if you even raise the topic of monetary policy in relation to gold. An example of such marginalizing appears in a recent issue of the Atlantic magazine. Author Adam Ozimek lists four rules upon which economists overwhelmingly agree. Right away, that puts readers on guard; they don’t want to be the only one to disagree with eminences. The first rule Ozimek offers is that free trade benefits economies. So obvious. That makes the penalty for disagreement higher. Then you read down to the final principle: “The gold standard is a terrible idea.” By putting the proposition in such strong terms, the author raises the penalty for disagreeing. If you don’t subscribe to this view, you risk both being classed as the kind of genuine nut case who believes in protectionism, and enduring the disdain of other economists - - “all economists,” as the Atlantic headline writer summarized it. But “all economists” is not the same as “all economies.” The record of gold’s performance in all economies over the past century is not all “terrible.” Especially not in relation to areas that concern us today: growth, inflation or the frequency of bank crises. The problem here may lie not with the gold bugs but with those who work so hard to isolate them. Gold’s Real Record Conveniently enough, the gold record happens to have been assembled recently by a highly credentialed team at the Bank of England. In a December 2011 bank report, the authors Oliver Bush, Katie Farrant and Michelle Wright review three eras: the period of a traditional gold standard (1870-1913); the period of a gold-standard variant, the Bretton Woods gold-exchange standard (1948 to 1972); and a period of flexible exchange rates (1972-2008). The report then looks at annual real growth per capita worldwide, over many nations. Such growth, they find, was stronger in the recent non-gold-standard modern period, averaging an annual increase of 1.8 percent per capita, than in the classical gold-standard period before 1913,http://www.bloomberg.com/news/print/2012-05-02/gold-standard-for-all-from-nuts-to... 14.05.2012
  11. 11. Gold Standard for All, From Nuts to Paul Krugman - Bloomberg Seite 2 von 3 when real per- capita gross domestic product increased 1.3 percent annually. Give a point to the gold disdainers. But the authors also find that in the gold exchange standard years of 1948 to 1972 the world averaged annual per- capita growth of 2.8 percent, higher than the recent gold-free era. The gold exchange standard is a variant of the gold standard. That outcome doesn’t tell you we must go back to the gold exchange standard yesterday. But it does suggest that figuring out how the standard worked might prove a worthy, or at least not a ridiculous, endeavor. Gold shone in other ways. In a gold-standard regime, money is backed by gold, so it’s impossible, or at least more difficult, for governments to inflate. Naturally the gold standard and Bretton Woods years therefore enjoyed lower rates of inflation compared with the most recent era. The gold standard endures a reputation for causing more banking crises than other monetary regimes. The Bank of England paper suggests gold stabilizes banks: The incidence of banking crises in the non-gold-standard period is higher than the incidence in the two gold periods. “Overall the gold standard appeared to perform reasonably well against its financial stability and allocative efficiency objectives,” wrote Bush, Farrant and Wright. Stable Markets Markets and countries enjoyed relative stability in gold- standard years, and capital in those years flowed to worthy growth-generating projects. The main sacrifice in gold regimes that the authors identify is that governments lose authority to micromanage domestic economies. But given governments’ records, that may not be such a bad thing, either. It all suggests that contempt for old gold hands such as Congressman Ron Paul of Texas might not be warranted. And that it might be interesting to peruse the numerous gold-related currency plans outside the door of the academic salon. Plenty of people, many former bankers, think it is time to pass laws returning the U.S. to some version, strong or weak, of the gold standard. Lewis Lehrman, financier and founder of the Gilder-Lehrman Institute, which focuses on history, recently published a plan to take the world back to gold, “The True Gold Standard.” Charles Kadlec, another former Wall Streeter, co-wrote his own proposal, “The 21st Century Gold Standard,” with Ralph Benko. The case for gold as a mandatory metric for the Federal Reserve in setting interest rates is made in new legislation offered by Congressman Kevin Brady, another Republican from Texas. Dozens of state legislatures are introducing their own gold- or silver-related currency legislation. One reason people slap the nut-case label on others with impunity is that for the past 30 or 40 years most economic education has systematically excluded the gold standard and itshttp://www.bloomberg.com/news/print/2012-05-02/gold-standard-for-all-from-nuts-to... 14.05.2012
  12. 12. Gold Standard for All, From Nuts to Paul Krugman - Bloomberg Seite 3 von 3 exponents from the classroom. It’s easy to call something your professors never respected the work of a nut case. But it’s also worthwhile to ask why the professors white out the gold standard from the books. Perhaps it is because the systems they raved about in their dissertations, systems of flexible exchange rates, subsequently underperformed. This inconsistency in their own modeling is of course hard to acknowledge. Recently Bloomberg Television drew enormous attention when co-anchor Trish Regan moderated a debate between Ron Paul and Paul Krugman, the Nobel prize-winning New York Times columnist. Krugman’s Nostalgia Krugman sought to hold the middle ground, noting that all he sought, through his recommendation that federal debt rise to 130 percent of gross domestic product, was a return to the kind of America in which his parents lived. The professor treated the congressman’s remarks as unscholarly; in a blog post afterward, Krugman wrote “everything Paul said about growth after World War II was wrong.” But Krugman too has some sorting through to do. The years when his parents lived were gold years, the Bretton Woods gold exchange standard, a time when the federal government, except in world war, would never had considered raising debt to 130 percent of the economy, as Krugman suggested in the debate. If we are going to speak of consensus, let’s not forget one that is truly universal: Our economic system stands a good chance of breakdown in coming years. The only way to limit damage from such a breakdown is to ready ourselves to choose other models by learning about them now. Not to do so would be nuts. (Amity Shlaes is a Bloomberg View columnist and the director of the Four Percent Growth Project at the Bush Institute. The opinions expressed are her own.) Read more opinion online from Bloomberg View. Today’s highlights: the View editors on what’s missing from the U.S.-Afghanistan pact and better ways to fix the farm bill; Ezra Klein on how the U.S. isn’t like Greece; Caroline Baum on lack of alternatives to austerity; Ray Ball on pitfalls of mark-to-market accounting; Josh Barro on new arguments for a U.S. value-added tax. To contact the writer of this article: Amity Shlaes at amityshlaes@hotmail.com. To contact the editor responsible for this article: Katy Roberts at kroberts29@bloomberg.net. ®2012 BLOOMBERG L.P. ALL RIGHTS RESERVED.http://www.bloomberg.com/news/print/2012-05-02/gold-standard-for-all-from-nuts-to... 14.05.2012
  13. 13. Ben Bernanke Explains Why Well Never See Another Gold Standard - Business Ins... Seite 1 von 6 Money Game Ben Bernanke Explains Why The World Will Never See Another Gold Standard Simone Foxman | Mar. 20, 2012, 2:22 PM | 5,801 | 39 Recommend 65 19 96 0 AA A The most controversial questions posed to Fed Chairman Ben Bernanke at his lecture to George Washington University students today focused on one topic: gold. While acknowledging the long history of the gold standard and its importance in the development of central banking, Ben Bernanke made crystal clear that were never going back to the gold standard. He explained that the argument supporting the gold standard has two parts: 1) the "desire to maintain the value of the dollar"—implying a "desire to have very low price stability, and 2) an aversion to allowing "the central bank to respond with monetary policy to booms and busts," explaining that "the advocates of the gold standard dont want to give the central bank that power." TheDailyGold.com But regardless of the impetus for these arguments, he explains, a return to the gold standard now "would not be practical for monetary reasons or policy reasons": Bernanke pointed out various reasons that theres simply "not enough gold" to sustain todays global economy. First, extracting gold from the ground is a costly and uncertain endeavor. There is a limited amount of gold in the world, and it just doesnt make sense in the modern world for central or commercial banks store large amounts of gold in vaults. The size of the gold supply and inconvenience of the metal renders it too impractical to keep up with the pace of global commerce. Second, while advocates of the gold standard are right that prices remain stable in the long-term, "on a year to year basis, thats not true." Limited supplies of gold—or changes to the supply of gold—cause prices of goods to be volatile in the short-term, regardless of long-term price stability. In a rebuttal to the second part of that argument, Bernanke explained, "the commitment to the gold standard is that no matter how bad [the economy gets] were going to stick to the gold standard." He pointed to a substantial tome of economic research finding that the gold standard aggravated the Great Depression, saying "the gold standard was one of the main reasons the Great Depression was so bad and so long." The inability of the Federal Reserve to control monetary policy—open up credit, address unemployment, and drive business demand— left it with much less power to avert or mitigate the decade-long crisis. Bernanke added that countries not tied to the gold standard also had a much easier time getting out of the Depression. In the modern world, he said, "weve seen that problem with various kinds of fixed exchange rates." Ultimately, he concluded that the gold standard hasnt really worked since the end of WWI. "Economic historians argue that after World War I the labor movements became much stronger," so we consequently saw, "much more attention to employment and business cycles." That prevents our economies from suffering exaggerated boom and bust cycles, and allowed the Fed to mitigate the effects of the recent financial crisis. Sorry, Ron Paul. We think Bernanke just destroyed your position. Please follow Money Game on Twitter and Facebook. Follow Simone Foxman on Twitter. Ask Simone A Question > Tags: Ben Bernanke, Federal Reserve, Monetary Policy, Central Banks, Gold Standard, Great Depression | Get Alerts for these topics »http://www.businessinsider.com/ben-bernanke-explains-why-well-never-see-another-... 14.05.2012

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