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01/April/2009
Consensus and all that rot
Hugo Salinas Price
It's really fortunate for the journalists at The Wall St. Journal and the Financial Times that there is no consensus on the causes of this crisis, for they will be able to sell a lot of words to their bosses at the papers. However, the cause of the crisis is quite plain... more>> |
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20/February/2009
The long and the short of it
Hugo Salinas Price
The enormous increases in cash available at the banks are insignificant in comparison with the prevailing enormous shorts on cash and long positions in debt. The squeeze is implacable. In effect, everyone on God’s green earth is trying to obtain cash – which means going long on cash – and trying to pay down debt – which means shorting debt... more>> |
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26/January/2009
Mexico’s central bank contradicts itself
Hugo Salinas Price
Banco de Mexico´s Central Bank, has expressed the opinion that the monetization of the “Libertad” silver ounce would be inflationary. Its opposition to the monetization of the silver ounce is dogmatic, ideological and lacking in any logical support... more>> |
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28/October/2008
An exercise in myth-busting
Hugo Salinas Price
“Financing expenditure” is a myth. All actions in the Present have effects in the Present. If a nation decides to live beyond its means, the result is not delayed into the future by “financing”. That nation becomes poorer in the here and now... more>> |
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19/June/2008
Tribute paid in oil
Hugo Salinas Price
We can quite correctly say that the US and the Eurozone – and other countries whose currencies are considered “reserve currencies” – are “paying” for their oil imports with nothing at all... more>> |
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13/August/2007
The meaning of quality in money
Hugo Salinas Price
The “Libertad” silver ounce coin, once monetized to circulate permanently alongside paper money and banking digits, is a coin of quality and its merit does not reside in the sphere of quantity... more>> |
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25/May/2007
Where's the gold?
Hugo Salinas Price
CB and IMF reported share of world gold stocks has fallen from 50.34% in 1966 to 18.2% today; however, careful studies estimate undisclosed Central Bank loans of gold of up to 15,000 tonnes, which the borrowers (“bullion banks”) sold to private individuals... more>> |
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