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| Benjamin Constant |
On the Liberty of the Ancients Compared with that of the Moderns  |
| "He loved liberty as other men love power," was the judgment passed on Benjamin Constant by a 19th-century admirer.His great public concern, all throughout his adult life, was the attainment of a free society, especially for his adopted country, France; and if a (by no means uncritical) French commentator exaggeraMonday, February 8, 2021 |
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| Benjamin Constant |
| On the Liberty of the Ancients Compared with that of the Moderns |
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He loved liberty as other men love power," was the judgment passed on Benjamin Constant by a 19th-century admirer.
His great public concern, all throughout his adult life, was the attainment of a free society, especially for his adopted country, France; and if a (by no means uncritical) French commentator exagSaturday, November 28, 2020 |
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 | Antal E. Fekete - Gold University |
| Forward Thinking On Backwardation |
| .Thursday, October 8, 2020 |
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 | Gerard Jackson - Brookes News |
How the Laffer curve really works  |
| Kennedy declared that “it is a paradoxical that tax rates are too high and tax revenues too low”. In other words, high taxes were depressing output. Acting on this belief — what so many today sneeringly call supply-side economics — he cut taxes in 1963 and investment surged ahead. In the four years preceding the Kennedy cuts only 27.8 per cent of what is termed investment went to business and 38.5 per cent to real estate.Wednesday, September 16, 2020 |
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 | Robert Blumen - 24hgold |
Real Bills, Phony Wealth  |
| "The masses are misled by the assertions of the pseudo-experts,” wrote Mises, “that cheap money can make them prosperous at no expense whatever.” The damage that this inflationary fallacy has done to our monetary institutions cannot be over-estimated. In spite of efforts by classical and Austrian economists to refute it, it refuses to die. It has been resurrected under many guises, but all with the same error at its core: that printing money can create real wealth.Wednesday, May 13, 2020 |
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 | Frank Shostak |
| The Fed's Fantasy on Neutral Interest Rates |
| In her testimony to the Congress Economic Committee on November 29, 2017, the Fed Chair Janet Yellen said that the neutral rate appears to be quite low by historical standards. From this, she concluded that the federal funds rate would not have to increase much to reach a neutral stance.The neutral rate currently appears to be quite low by historical standards, implying that the federal funds rate would not have to rise much further to get to a neutral policy stance. If the neutral level rises sTuesday, December 12, 2017 |
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 | Michael Ballanger |
| The True Meaning of Bitcoin's 'Success' |
| In the year 301 AD, the Roman unit of barter was the denarius, which had originally been 95% pure silver when introduced by Augustus at the end of the first century BC but by the time of Diocletian's rule, it had moved to 50,000 denarii to a pound of gold. Ten year later, it took 120,000 denarii to buy a pound of gold and by 337, that figure was 20,000,000. What had occurred in a mere 400 years was that a slow and agonizing erosion in the purchasing power of the Roman currency accelerated to fulFriday, December 1, 2017 |
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 | Jan Nieuwenhuijs - Bullion Star |
| US Mint Releases New Fort Knox “Audit Documentation”. The First Critical Observations. |
| In response to a FOIA request the US Mint has finally released reports drafted from 1993 through 2008 related to the physical audits of the US official gold reserves. However, the documents released are incomplete and reveal the audit procedures have not been executed proficiently. Moreover, because the Mint could not honor its promises in full the costs ($3,144.96 US dollars) of the FOIA request have been refunded.
Thanks to my readers that donated to the crowdfunding campaign I’ve been able toMonday, February 27, 2017 |
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 | Adrian Ash - Bullion Vault |
| Little Boots, Small Hands |
| Whatever will the new emperor say or do next...?
SO ENTIRELY by coincidence, I've been reading a biography of
Roman emperor Caligula,
writes Adrian Ash at BullionVault.
You know, he of the orgies with his sisters. Killed people for fun. Made his horse a senior advisor. Pretty much the
maddest, baddest Caesar ever. Was emperor just
bFriday, January 20, 2017 |
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| Jan Nieuwenhuijs - Bullion Star |
| Debunking GFMS’ Gold Demand Statistics |
| What came to light as on odd discrepancy between GFMS’ Chinese gold demand and “apparent supply” has proven to be a tenacious cover-up by the oldest consultancy firm in the gold market. And not only does GFMS publish incomplete and misleading data on Chinese gold demand, all their supply and demand data is incomplete and misleading. As a result, the vast majority of investors worldwide has been brainwashed to believe total gold supply and demand mainly consists of global mine output and jewelrySunday, December 4, 2016 |
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| Jan Nieuwenhuijs - Bullion Star |
| Spectacular Chinese Gold Demand 2015 Fully Denied By GFMS And Mainstream Media |
| Debunking the Thomson Reuters GFMS Gold Survey 2016 report. New information provides a more detailed perspective on the Chinese domestic gold market.
In the Gold Survey 2016 report by GFMS that covers the global gold market for calendar year 2015 Chinese gold consumption was assessed at 867 tonnes. As Chinese wholesale demand, measured by withdrawals from Shanghai Gold Exchange designated vaults, accounted for 2,596 tonnes in 2015 the difference reached an extraordinary peak for the year. In anThursday, August 18, 2016 |
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 | James Howard Kunstler |
 The Desperate and the Dispirate |
| As I was leaving Detroit very early Sunday morning to catch a plane, I saw the breaking story about a “shooting incident” in an Orlando nightclub, but the first reports did not detail any fatalities. Only after we landed was the shocking news of 50 dead and as many wounded revealed on the concourse TV screens.
Just in the past six months: December, 137 dead at the Paris Bataclan Theater (and two other sites); March, 35 dead at the Brussels airport; now the massacre at the Orlando Pulse Club. BefMonday, June 13, 2016 |
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 | FOFOA - FoFOA |
 Seven! |
| Seven is supposedly a special number. Seven days in the week, seven colors of the rainbow, seven notes of the musical scale, Seven Wonders of the World, seven dwarves, 007, 7-11 and so on. So surely there must be some kind of deep Freegold significance to this weekend, because today this blog turns seven! ;D Coincidentally, my hit counter turned all sevens right around the beginning of this year:
In a recent poll of 30,000 people, lucky number 7 was voted most popular. But some people believeWednesday, August 26, 2015 |
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| Gerard Jackson |
| Australia and the Great Depression: recovery was not driven by real wage cuts, devaluation or consumption |
| My Keynesian critic asserts that the “cut in nominal wages which was one of the reasons we got deflation…” This is nonsense. The deflation was triggered when the London funds started restricting credit in order to build up their reserves. The result was a massive contraction from March 1929 to September 1931 that saw M1 drop by 27.2 per cent and demand deposits by a whopping 33 per cent. This should not even have to be said but the cuts in nominal wages were in response to the deflation and in nThursday, December 11, 2014 |
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| Gerard Jackson |
| Australia and the Great Depression: recovery was not driven by real wage cuts, devaluation or consumption |
| My Keynesian critic asserts that the “cut in nominal wages which was one of the reasons we got deflation…” This is nonsense. The deflation was triggered when the London funds started restricting credit in order to build up their reserves. The result was a massive contraction from March 1929 to September 1931 that saw M1 drop by 27.2 per cent and demand deposits by a whopping 33 per cent. This should not even have to be said but the cuts in nominal wages were in response to the deflation and in nWednesday, December 10, 2014 |
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| Gerard Jackson |
| Austrian economics, economic growth and the Laffer curve |
| Gerard Jackson
It was 1962 when Jack Kennedy stated that “it is a paradoxical that tax rates are too high and tax revenues too low”. In other words, high taxes were retarding investment and output, thus keeping the American standard of living lower than it would otherwise be. It was this belief that motivated the 1963 tax cuts. The result was a surge in investment. From 1959 to 1963 only 27.8 per cent of what is termed ‘investment’ went to business and 38.5 per cent to real estate. In 1967, thanWednesday, August 13, 2014 |
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| Gerard Jackson |
| Why economic policies promoting consumer spending are bad for an economy |
| Gerard Jackson
Some readers, still swayed by the current orthodoxy, are a little puzzled by the argument that government policies that bring about increased consumption come at the expense of economic growth (capital accumulation). The classical economists fully understood that economic growth was forgone consumption, meaning that investment, spending on capital goods, can only take place by directing resources away from consumption. It follows that the reverse must be true. Promoting consumptioMonday, August 4, 2014 |
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| Gerard Jackson |
| The Great Depression and the real facts behind Roosevelt’s 1937-38 Depression |
| Gerard Jackson
The 1937-38 crash was literally a depression within a depression1. The seasonally adjusted production index peaked 118 in May 19372. A year later it stood at 76, a drop of 36 per cent. From April 1937 to May 1938 manufacturing output fell by 38 per cent. The situation for the iron and steel industry was catastrophic with output collapsing by 67 percent. Factory employment dived by 25 per cent, factory payrolls by 36 per cent while aggregate unemployment peaked at 20 per cent. SuchWednesday, June 4, 2014 |
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 | Deepcaster |
| 4 Essential Assets for Profit and Protection |
| The Renmembi will become the Worlds Reserve Currency.Pan Gongsheng, V.P. China Central Bank,Caijing Financial Magazine, 05/20/2014There are Four Fortress Assets Investors should hold in Todays environment of increasing Geopolitical Economic, Financial and Market Risk.Indeed, one of the 4 Must Own Fortress Assets is an interest in Food Production. Given the trends in world food production, energy prices, droughts, El Niños, depleting aquifers, and the like -- we actually have to work very Friday, May 23, 2014 |
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 | Chris Martenson |
| Rising Resource Costs Escalate Odds of Global Unrest |
| As we observe the growing unrest in Ukraine, there is the usual rush to ascribe a cause. Was it meddling by the West? Russia? Was it corruption by prior leaders? Simmering resentments that stretch back centuries that finally erupted?
The answers apply to Ukraine as well as to many other countries. Which is why having an accurate framework, a clear 'lens' for seeing what is actually transpiring, will prove far more useful to you than 99% of what you will hear on the nightly news.
In response to mWednesday, May 14, 2014 |
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