Ray Dalio of Bridgewater Associates manages 170 billion dollars, and is called the world’s 'most profitable' fund manager. He started small; he was just 12 years old when he earned $300 as a caddy in his free time. He then bought his first stock: Northeast Airlines.... »
What the Worlds Most Powerful Hedge Fund Manager Thinks about Gold
May 19 2015
Olav Dirkmaat
How (Central) Banking Really Works (I)
May 11 2015
Money and banking are increasingly becoming the subject of intense public debate. A recent example is the Dutch citizens’ initiative 'Ons geld' (Our Money); collecting more than 100,000 signatures in support of a proposal to put the power to create "money" into the hands of government. The public debate surrounding this proposal is dominated by people who confuse money and... »
Olav Dirkmaat
The One Thing That Saved the U.S. from Negative Economic Growth
May 4 2015
As I wrote earlier this month, the economic recovery in the U.S. is an illusion. The truth was revealed past Wednesday, when it turned out that the U.S. GDP growth was only a meager 0.2% on an annual basis. Analysts expected the U.S. economy to grow by 2.1%, but it has stagnated instead.... »
Olav Dirkmaat
Will the European 'QE' Make It to the Finish Line?
April 28 2015
In 1971, the (semi-)gold standard was abandoned and replaced by a PhD standard. Under the PhD standard, the money supply is no longer linked to the national gold reserves, but is instead at the mercy of central bankers and their arbitrary judgments. Never before did academics have so much power and influence over the financial markets.... »
Olav Dirkmaat
