Ron Paul, Author at Goldco

Author - Ron Paul

crying dollar bill

Watch the Declining Dollar

High stock market prices have fooled many people into thinking that the economy is doing just fine, even though that’s not really the case. Economic productivity is still only increasing slightly. And the lowering unemployment rate is more the result of people continuing to leave the workforce than it is the result of the creation of new jobs. For workers who are employed, wage growth has been largely stagnant for years. So if stock markets aren’t a good indicator [...]

Jerome Powell

Meet the New Boss, Same as the Old Boss

President Trump recently nominated current Federal Reserve System Governor Jerome Powell to be the next Chairman of the Fed’s Board of Governors, replacing Janet Yellen when her four-year term expires. It’s a puzzling move for a President who was elected based on popular anger at the Washington establishment, and who promised to drain the swamp. As Powell’s nomination demonstrates, it’s business as usual in Washington. Powell’s resume is as establishment as they come. Born in Washington, DC, he graduated from [...]

United States Federal Reserve System logo

Shakeups Coming at the Fed

Federal Reserve Board Vice Chairman Stanley Fischer unexpectedly announced his resignation last week. He will resign from the board in October, meaning that President Trump will now be able to appoint at least 4 of the 7 members of the Federal Reserve’s Board of Governors, thus making an immediate impact on monetary policy and potentially impacting monetary policy for decades to come. The Board of Governors of the Federal Reserve System consists of 7 Governors, each of whom is appointed [...]

Currency Wars

Renewed Talk of Currency Wars in Aftermath of Jackson Hole Meeting

In the aftermath of the Kansas City Fed’s annual Jackson Hole conference, there has been renewed discussion of a potential currency war. Central banks responded to the financial crisis by pumping trillions of dollars worth of liquidity into the financial system. It wasn’t just the Federal Reserve that engaged in those policies of quantitative easing – the Bank of England, Bank of Japan, European Central Bank and others did the same thing. Those QE policies served to weaken currencies, but [...]