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Contact:
Foundation for Economic Growth,
P.O. Box 10-282,
Wellington, N.Z.
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The Foundation for Economic Growth is a group of like-minded individuals who have decided to act rather than accept New Zealand's continuing poor economic performance. The Foundation is not affiliated with any political party. Add Your Comments here.

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Most recent update: Apr 22nd, 2014 - 13:04:30

Newsletters : Current Newsletters : 21 April 2014
Thought for the Day

More and more 2014 is shaping up to be the year where the Federal Reserve loses control over the price of gold.

As I have said on numerous occasions it is possible to say what will happen in a paper money banking system but not possible to say just when it will happen. Using strict scientific criteria and the concept of The Null Hypothesis we have been able to show how the writings of the old Austrian economists (and especially Ludwig von Mises) are logical conclusions from observable facts and are therefore correct. Large parts of what modern economists are taught are incorrect and lead to the constant arguments about the economy.

The Federal Reserve of the USA can adjust the official statistics as much as it likes to make the numbers look like "growth" is happening but the facts remain the same. The US of A is in recession and the rest of the world is either in recession too or struggling to keep economies going. All this on borrowed money and the theory that when the money starts to run out and people start to panic we can solve the problem by borrowing much much more money. The Federal Reserve has now expanded its balance sheet out to $4.25 Trillion and debt is expanding everywhere.

Mario Draghi over at the European Central Bank has said "Whatever it takes." He means that no matter what the Germans say he will expand the Central Banks borrowings and lend it out to the insolvent banks around Europe. And by some accounts most of the banks are indeed insolvent. Not just illiquid, insolvent.

Jiggering with the price of gold is how the Federal Reserve keeps the dollar appearing to be still strong. It is not and the Chinese and Russians know full well that Yellen is in trouble.

Have a look at this website and think about the prediction made.

How will it affect you.

Visit Website ]
Apr 21, 2014, 13:28