Michael Pento

Euro Pacific

Contributor since: 29 Jul 2010

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• Krugman's War Cry Won't Avert Depression

  Published 16 August 2011 | viewed 0 times

  Paul Krugman sounded the war cry this Sunday on Fareed Zakaria's program Global Public Square. After all, he asserted, only spending equivalent to another World…

• Gold is the True Reserve Currency

  Published 04 August 2011 | viewed 0 times

  The reliance upon the U.S. dollar as the world's reserve currency and "safe haven" asset has created a perverse, but deeply entrenched, mindset among global…

• Debt Ceiling Myths

  Published 21 July 2011 | viewed 0 times

  The debt ceiling debate that has dominated the headlines over the past month has been thoroughly infused with a string of unfortunate misconceptions and a…

• The Psychology of Bond Investors

  Published 07 July 2011 | viewed 0 times

  Those who take issue with the outlook of Austrian economists in general, and Euro Pacific Capital in particular, have pointed to the persistence of low…

• The Extinction of Retirement

  Published 15 June 2011 | viewed 0 times

  For the better part of a century the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real…

• Central Bankruptcy - Why QE3 is Inevitable

  Published 13 June 2011 | viewed 0 times

  As the U.S. economy seemingly limps out of the Great Recession most analysts now assume that the Federal Reserve will soon join the tide of…

• Stimulus Wears Off

  Published 01 June 2011 | viewed 0 times

  The artificially engineered U.S. recovery is already starting to falter as a continuous procession of disappointing data continues to confirm the sad truth. Recent numbers…

• Training Wheels Off, Crash Helmets On

  Published 20 May 2011 | viewed 0 times

  Based on many pronouncements by economic policy makers, reams of articles by the top financial journalists and near continuous discussion on the financial news channels,…

• Inflation Destroys Real Wages

  Published 18 April 2011 | viewed 0 times

  In the same vein as medieval physicians believed bloodletting would cure illness, modern snake-oil economists still perilously cling to their claim that rising wages and…

• Core Incompetency

  Published 04 April 2011 | viewed 0 times

  For years the Federal Reserve has told us that in order to detect inflation in the economy it is important to separate "signal from noise"…

• The Inflation Knuckleball

  Published 29 March 2011 | viewed 0 times

  By its very definition, fiat money is something created out of thin air: the word "fiat" is Latin for "let it be done" (as in,…

• Interest Rates Are On The Launch Pad

  Published 14 March 2011 | viewed 0 times

  A few months ago, the chorus sung by the recovery cheerleaders reached a crescendo when expanding consumer credit statistics and surging US trade deficits provided…

• Taps for the Dollar

  Published 02 March 2011 | viewed 0 times

  It now appears that the United States has finally succeeded in its efforts to destroy confidence in the U.S. dollar. Given the currency's reserve status,…

• Arab Autocracies and US Inflation

  Published 24 February 2011 | viewed 0 times

  Civil revolt is currently spreading across the Arab world. What began in Tunisia has now metastasized into Bahrain, Egypt and Libya. Though two dictators have…

• Geithner's Failed Makeover

  Published 16 February 2011 | viewed 0 times

  To counter the increasing demands that government reduce its micromanagement of the economy, last week the Obama Administration offered a fig leaf in the form…

• The Cause and Evidence of Inflation

  Published 04 February 2011 | viewed 0 times

  In a heated debate on the February 1st episode of CNBC's "The Kudlow Report", financial commentator Donald Luskin offered his "textbook" definition of inflation as…

• Inflation is Here to Stay

  Published 01 February 2011 | viewed 0 times

  In current economic analysis, inflation is largely in the eye of the beholder, and depending on how you choose to look, very different stories emerge.…

• Bernanke's Golden Dismount

  Published 24 January 2011 | viewed 0 times

  There can be little doubt that Fed Chairman Benjamin Bernanke has been a very, very good friend to gold investors. However, some of those who…

• Pricey Eats

  Published 20 January 2011 | viewed 0 times

  From all accounts it appears that the world is in the early stages of a major leg up in food prices. The major macroeconomic trend…

• Rising Rates Reveal Debt Reality

  Published 30 December 2010 | viewed 0 times

  The Fed's lucky streak of luring bond investors with low interest rates may be drawing to a close. Nevertheless, the extended period of low borrowing…