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Kelsey Williams has more than forty years experience in the financial services industry, including fourteen years as a full-service financial planner. His website, Kelsey's Gold ... more

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E US Government Is Beholden To The Fed; And Vice-Versa
The current debate between Mr. Powell and President Trump is entertaining, but it is not going anywhere. Even if a change in chair were to be orchestrated, it would not change anything as far as the ongoing operation of the Federal Reserve.
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E For Gold, The Fed's Decision Didn't Matter
They got the rate cut they were expecting; but as far as the price of gold is concerned, the Fed's decision didn't matter. The reason for this is that the focus on the Fed's decision was misplaced.
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E Gold's Breakout And The US Dollar
The price of gold cannot go higher to any measurable degree over time, without a correspondingly lower value in the US dollar. Anything else does not matter.
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E Has Gold Broken Out Or Not? Technicals And Fundamentals
Gold's price is a reflection of what is happening to the US dollar. Any conditions you can possibly imagine that would take gold prices higher, no matter how severe, will not have any lasting impact on gold prices. It is all about the US Dollar.
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E Gold Standard, Federal Reserve, Economic Law
Whether it is recognized officially by governments or not, whether a gold-standard monetary system is in place or not, gold is money. It is real money, original money.
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E Gold, MMT, Fiat Money Inflation In France
Modern Monetary Theory is not 'modern'. Far from it. Governments are not 'constrained' by revenues. They have always been able to "print as much as they need".
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Latest Comments
Has Gold Broken Out Or Not? Technicals And Fundamentals
2 months ago

If the US dollar continues to decline, then gold prices will reflect that by moving higher.

How Government Causes Inflation
10 months ago

Gary, thanks for your comment. To clarify: The original money credited to the government in exchange for the Treasury Securities (a government IOU, promise to pay) is strictly new money that is created out of thin air. It is 'monetizing the debt' at the point of origin. It does not come from money or assets already in the system. My hypothetical example in the article was meant to relate the issue on a more familiar level as well as illustrate the absurdity of the Fed/Treasury transaction. However, even on a retail basis - whatever collateral is provided by the borrower - the loan proceeds advanced are a creation of new money, too. All loans made by banks are 'new money' that is then added to the system. That is only possible due to our system of fractional-reserve banking. Our money today is mostly credit. The 'dollar' balances in the system are over-leveraged and under-collateralized.

The Hawk Not In Housing (Nor Capex)
10 months ago

Good article with common sense concern about housing and capital expansion. Fed has a dilemna of their own making. Artificially-contrived low interest rates fostered 'drug' -induced highs in economic activity that were unsustainable. But there is always a price to pay in the form of withdrawl symptoms. We may be on the verge of experiencing those symptoms/effects in the extreme, regardless of the Fed's efforts or intentions.

The Neatest Idea Ever For Reducing The Fed’s Balance Sheet
11 months ago

And, yet, we still operate financially within the context of a fractional-reserve banking system. Hence, any reserve requirement less than 100 percent is implicit of excess reserves. And derivatives are a huge subset of the system which continues to re-leverage the same money over and over again, even after any initial reserve requirements are met. The threat of a credit implosion grows exponentially regardless of the Fed's tinkering and eventually there will be a forced de-leveraging. 'When' is anybody's guess.

In this article: TIP
The Race We All Lose
1 year ago

Good article!

No Silver Lining Here
1 year ago

There are two primary reasons for silver's price surge in the 1970s.

1)Silver mining production lagged consumption for nearly two full decades during the 1950s-60s. During that period, the U.S. Treasury sold silver regularly from its hoard of nearly two billion ounces. This action kept the market price for silver suppressed. By 1970 nearly all of the silver was gone and the Treasury had to stop its sales. Thus, the price of silver was freed to find a presumably higher level that would eventually balance

consumption and production.

2) The United States suspended all convertibility of the U.S. dollar into gold in 1971. Those who were prescient enough to recognize the ongoing threat of further U.S. dollar depreciation, purchased gold and silver based on their historic roles as money.

The Hunt family's involvement simply added to these two forces and likely sent silver prices far beyond any reasonably sustainable level at the time. (From an average price of $1.60 to a high of $49.50 in January 1980 represents a three thousand percent increase.)

In this article: GLD, SLV
A Few Words On The Gold Sector
1 year ago

Nice to know that not everyone is ill with 'gold fever'.

In this article: HUI
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Kelsey Williams Commented on Has Gold Broken Out Or Not? Technicals And Fundamentals:

If the US dollar continues to decline, then gold prices will reflect that by moving higher.

Kelsey Williams
Fed Inflation Is Losing Its Intended Effect $GLD https://t.co/S9vsKi4WQo
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Kelsey Williams Interview With David Scranton
'Inflation' is the new buzz word. And it was the featured topic March 4th on David Scranton's television show The Income Generation. The show airs weekly on Newsmax TV. Kelsey was a featured guest on the show and discussed his new book.

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ALL HAIL THE FED!
Kelsey Williams
Independent
04/19/2018

The United States Federal Reserve Bank has left a century-long trail of damage in its wake. A misguided attempt to manage the stages (growth, prosperity, recession, depression) of the economic cycle has led to nearly complete destruction in the value of our money. The Federal Reserve caused the Depression of the 1930s and worsened its effects. Their actions also...

INFLATION - WHAT IT IS, WHAT IT ISN'T, AND WHO'S RESPONSIBLE FOR IT
Kelsey Williams
Independent
01/18/2018

Inflation is an insidious threat to our financial and economic security. It has been foisted upon us to the point that we are in danger of losing much more than the value of our money. The capital markets are facing risks of immensely greater proportion than those of 2007-08...