Gold

The Hubris of the Monetary Social Contract

Monday, September 15th, 2014 by posted in Banking, Capitalism, Economics.
money-addiction teaser

Reprinted from Casey Research Money was once in the state of nature. Goods were once bartered until especially saleable goods emerged to be used in indirect exchange. A variety of saleable items became money until gold and silver became the

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Gold versus Fractional Reserves

Thursday, August 21st, 2014 by posted in Banking, Capitalism, Economics.
goldt

[This article originally appeared in The Freeman, May 1979.] The present worldwide inflation has done, and will continue to do, immense harm. But it may eventually lead to one great achievement. It may make it possible to restore (or perhaps it

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It’s Official – German Gold is Staying in New York at The Federal Reserve

Wednesday, June 25th, 2014 by posted in Uncategorized.

Republished from Liberty Blitzkrieg Michael Krieger | Posted Monday Jun 23, 2014 at 10:58 am *Update: A couple of people have made a stink about this post claiming that it is misleading because the prior agreed upon repatriation schedule has not actually changed. That said, anyone

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Four Ways to Value the Stock Market

Wednesday, May 7th, 2014 by posted in Banking, Capitalism, Economics.
stock-market teaser

Analysts and investors were ebullient the other week as the Dow Jones Industrial Average – widely considered as the bell-weather stock index of the United States, and the World – reached its highest level of all time. The intraday high

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Gold for Cash!

Tuesday, January 7th, 2014 by posted in Politics, Trade.
web-mint-gold30nw1

Need to balance the books? Why not sell your gold? This is the route the federal government is taking. The Conservatives plan to sell and/or melt over 200,000 gold coins. A majority of these coins date from 1912 to 1914.

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Financial Media: Laughter, Tears, Frustration and Exhaustion

Friday, December 27th, 2013 by posted in Banking, Capitalism, Economics.
unemployment teaser

Kurt Vonnegut once said “Laughter and tears are both responses to frustration and exhaustion.” When it comes to watching the financial media discuss the “rosiness” of the US economy, frustration and exhaustion are two words that definitely come to mind.

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Inequality and the Gold Standard

Thursday, December 12th, 2013 by posted in Banking, Capitalism, Economics.
gold-coins teaser

Imagine that you earn $40,000 a year and your boss doubles you at $80,000 a year. Business was good to you both in 2013, and you received a 25% raise for your efforts. Not bad, and your boss gets to

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Bitcoin: Segway, Cigarette, or Gold Doubloon?

Monday, December 2nd, 2013 by posted in Capitalism, Economics.
Bitcoin-coin2 teaser

Reprinted from Laissez Faire Books The market has selected different things as money throughout history. Some of these items have served as money in isolated places for specific periods of time — for instance, cigarettes in prisoner-of-war camps. Cigarettes continue

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Dow 16,000

Monday, November 18th, 2013 by posted in Economics.
Real dow

The Dow Jones Industrial Average breached the 16,000 level today for the first time in its history. Indeed, the bellwether index has been on a tear lately, up nearly 25% over the past year and almost 150% since 2009. The

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Hyperinflation Is the Necessary, Proper, Patriotic, and Ethical Thing to Do

Monday, November 18th, 2013 by posted in Banking, Capitalism, Economics.
Hyper-inflation1 teaser

Hyperinflation is the complete breakdown in the demand for a currency, which means simply that no one wishes to hold it. Everyone wants to get rid of that kind of money as fast as possible. Prices, denominated in the hyper-inflated

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The Importance of the Dollar as a Reserve Currency

Thursday, October 3rd, 2013 by posted in Banking, Capitalism, Economics.
dollars teaser

We use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts. For example, if Canada buys goods from China, it may pay China in US dollars rather

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O’Brien At It Again

Saturday, June 29th, 2013 by posted in Banking, Capitalism, Economics, History.
matt-obrien

I confess: I am unable to fathom why Matthew O’Brien holds a serious position writing about economics in The Atlantic. On one hand, he is an acolyte of mainstream Keynesianism to a tee. His playbook is as predictable as the

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Roubini Attacks the Gold Bugs

Wednesday, June 26th, 2013 by posted in Banking, Capitalism, Economics.
gold-coins-1280x960 teaser

Reprinted from DetlevSchlichter.com Earlier this month, in an article for “Project Syndicate” famous American economist Nouriel Roubini joined the chorus of those who declare that the multi-year run up in the gold price was just an almighty bubble, that that bubble has

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A Tutorial on Money, Gold and Inflation for Paul Krugman

Friday, June 7th, 2013 by posted in Capitalism, Economics.
gold-bars teaser

Reprinted from MurraySabrin.com In his New York Times column, “Lust for Gold” (April 12), Paul Krugman embraces once again monetary inflation as one of the ways to create prosperity, one of the longest enduring myths in economics.  By disparaging gold

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Gold Never Sleeps

Friday, May 10th, 2013 by posted in Capitalism, Economics.
gold

The following is an excerpt from the new book, $10,000 Gold: Why Gold’s Inevitable Rise is the Investors Safe Haven, available in bookstores the week of May 6, 2013. When gold speaks, all tongues are silent. —Robert Ringer —Italian proverb

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Do Western Central Banks Have Any Gold Left??? Part II

Tuesday, May 7th, 2013 by and posted in Banking, Capitalism, Economics.
New York Federal Reserve teaser

Reprinted from Sprott.com The past few months have been difficult for the gold investor as selling pressure in the gold futures market has set a decidedly negative direction for the price of the yellow metal. As fundamental investors, we always

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A short history of currency swaps

Sunday, May 5th, 2013 by posted in Economics.
Front image May 5 2013

Republished from “A View from the Trenches“, by Martin Sibileau To read this article in pdf format, click here: May 5 2013 With equity valuations no longer levitating but in a different, 4th dimension altogether, and credit spreads compressing… Which fiduciary portfolio

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Do Western Central Banks Have Any Gold Left??? Part II

Wednesday, April 10th, 2013 by and posted in Banking, Capitalism, Economics.
New York Federal Reserve teaser

Reprinted from Sprott.com The past few months have been difficult for the gold investor as selling pressure in the gold futures market has set a decidedly negative direction for the price of the yellow metal. As fundamental investors, we always

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Is Gold or the Dollar Overvalued?

Monday, March 11th, 2013 by posted in Banking, Capitalism, Economics.
gold teaser

A recent bulletin from a major Swiss Bank argues that the price of gold has never been higher, that its price has peaked, that the run up was driven by fear, that fear is now waning and it is time

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Allodial Title on Precious Metals?

Thursday, February 14th, 2013 by posted in Banking, Capitalism.
Executive_Order_6102_0

Reprinted from EconomicReason.com In my previous article on allodial titles and property rights, I stated that a true allodial title that would provide you with full ownership of your land does not exist today, or at least not in North

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