The School of Dirty Tricks This coming May 15, 2008 – The Committee For Monetary Research Education Inc. [CMRE] is scheduled to hold its annual spring Dinner Meeting in New York City at the Union League Club. Let’s take a look at the CMRE’s mission statement: The Committee for Monetary Research & Education is engaged in education on current markets and the principles of sound money. To fulfill its purpose, CMRE conducts meetings and publishes educational materials covering critical issues - prospects for inflation/deflation, trends in the bond, stock and currency markets, conditions in the banking industry and markets around the world. As this website progresses we shall provide current essays and some from our records. The Committee has gained an admirable reputation for the quality of its speakers and its authors and the value of the information it has provided for over thirty-five years. Here’s a list of the headline speakers: Annual CMRE Spring Meeting Thursday, May 15, 2008 The Union League Club -- 38 East 37th Street, New York City [more.....signup] [open pdf....members]

A Flight to No Where  Had lunch last weekend with a friend and his wife- they’re in their 70’s but could pass for 15 years younger – a really nice couple.  He is a retired airline pilot. Used to fly 747’s inter continentally for a national airline. As an ex air force fighter pilot – he was taught about monetary economics by a co-worker back in the 70’s – just after President Nixon took the U.S. Dollar off the gold standard. His co-worker explained to him how price inflation would categorically and necessarily ensue as a result of the revocation of gold convertibility.  The advice he received at the time, in the early 70’s: ·                     Buy the biggest most expensive house ANYONE would finance. ·                     Buy GOLD He and his wife did both – purchasing the bulk of their bullion at sub-100 dollar per ounce prices. [more.....signup] [open pdf....members]

In Who’s Best Interest? Last week the Federal Reserve’s FOMC [Federal Open Market Committee] met and bestowed upon us their latest decision in monetary policy – a further cut of 25 basis points to lower the Fed Funds rate to 2 %:                     As MSNBC reported: “The rate reduction, the third this year, was needed to energize national economic growth, Fed officials explained. The deepening housing slump is affecting the behavior of consumers and businesses alike.” Put another way; the FED is cutting rates in hopes of spurring credit demand which in turn spurs on an up-tick in now moribund economic activity. [more.....signup] [open pdf....members]

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