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 | Eugen Von Böhm-Bawerk - Mises.org |
| Our Passive Trade Balance |
| Editor's Note: Published in January 1914 in Neue Frei Presse,"Our Passive Trade Balance" (“Unsere passive Handelsbilanz”) would prove to be Eugen von Böhm-Bawerk's last publication before his death. Ludwig von Mises mentions the article in an essay written after Böhm-Bawerk's death, but to our knowledge, this is the first time the essay has appeared in English. Nathan Keeble located a scan of the article posted by the Austrian National Archives. Translation by Kai Weiss.]As is well known, the tTuesday, January 1, 2019 |
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 | Charleston Voice |
Kindergarten’s Socialist Origins  |
| Jr.
Most schools today, both public and private have kindergartens. They have become an accepted part of educational life in this country and others as well.
This was not always so. When I first attended public school, way back in the mid-1940s, there was no kindergarten where I went. Although some schools undoubtedly had them, all schools did not.
They had not become totally entrenched, although their promoters had been working on that project withSunday, December 30, 2018 |
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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 exagThursday, December 6, 2018 |
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 | Chris Powell - Gata |
| Fed, Bank of England deceived Bundesbank on coin-melt bars in 1968 |
| Citing Bank of England records, Zero Hedge reveals tonight that as the London Gold Pool was collapsing in 1968 the Federal Reserve and the Bank of England conspired to conceal from the GermanBundesbank the deficient gold content of U.S. gold bars, apparently made from coin melt, that were being transferred to theBundesbank to conclude gold swaps.Thursday, November 29, 2018 |
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 | Mickey Fulp - Mercenary Geologist |
| The Never-Ending Wars of the United States of America |
| A Monday Morning Musing from Mickey the Mercenary Geologist"War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small 'inside' group knows what it is about. It is conducted for the benefiWednesday, November 21, 2018 |
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 | Thorsten Polleit |
November 15, 1923: The End of German Hyperinflation  |
| On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: TheReichsbank, the German central bank, stopped monetizing government debt, and a new means of exchange, theRentenmark, was issued next to thePapermark (in German:Papiermark). These measures succeeded in halting hyperinflation, but the purchasing power of thePapermark was completely ruined.Thursday, November 15, 2018 |
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 | Frederic Bastiat |
| God Protect Us from Metaphors |
| A fallacy sometimes expands, and runs through the whole texture of a long and elaborate theory. More frequently, it shrinks and contracts, assumes the guise of a principle, and lurks in a word or a phrase.
"May God protect us from the devil and from metaphors!" was the exclamation of Paul-Louis.[1] And it is difficult to say which of them has done most mischief in this world of ours. The devil, you will say; for he has put the spirit of plunder into all our hearts. True, but he has left free theTuesday, October 30, 2018 |
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 | Nathan Lewis - New World Economics |
| God, Gold and Guns |
| We’ve been looking into One Nation Under Gold (2017), by James Ledbetter.
October 2, 2017: One Nation Under Gold (2017), by James Ledbetter
October 14, 2017: One Nation Under Gold #2: The Silliness of the Bretton Woods Years
Now, we will follow Ledbetter’s account of the end of Bretton Woods in 1971, up to the present.
The account of the 1971 devaluation was, following the pattern of this book, long on details but short on insight. It seemed to people at the time that they “had no choice,” thatTuesday, October 23, 2018 |
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 | Antal E. Fekete - Gold University |
| The Golden Thorn In The Flesh, Part 2 |
| .Sunday, October 21, 2018 |
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 | Jesse - Le Cafe Américain |
The White Rose, In the Land of the Willfully Blind  |
| This is one of my favorite leaflets from Die Weiße Rose. I enjoy their observation that "German intellectuals fled to their cellars, there, like plants struggling in the dark, away from light and sun, gradually to choke to death."
One cannot blame them in some ways, since from the very beginning the National Socialists were backing their words with violent street thugs in brown shirts. And so many among the very wealthy and the highly trained professional classes threw themselves into the armThursday, October 18, 2018 |
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| Charleston Voice |
 Germany's Stolen Gold Reserves - Times are changing - the debts remain (Russian) |
| Is the US Fedkeeping doublebookkeeper entries -addingGermany's plusothergovernments' goldincluded in the USclaimedreserves of 8,100+ tons? Show metheyaren't.
STERN REMINDER:It's notownershipthatcounts - -it'salwayswho has CONTROL! Bereminded ofthistruismwhenitcomes toyourownpersonalbankdeposits and "safe"deposit boxes.Thursday, October 18, 2018 |
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| Charleston Voice |
| Nazi Gold: The Merkers Mine Treasure, How the US Army Stiffed the Soviets |
| “ Patton told Bernstein that he was very glad Eisenhower was taking responsibility for the gold. Bernstein told him that he wanted to move the Merkers treasure to Frankfurt as quickly as possible and that under the Big Three arrangements at Yalta, the Merkers part of Germany would be taken over by the Russians after the war and that they certainly needed to get the treasure out of the area before the Russians got there.”
I’m intrigued what the Russian feelings might have been(are). Noted theThursday, October 11, 2018 |
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 | Jan Skoyles Real Asset Co - The Real Asset Co |
| The full guide to Nazi gold and currency war |
| This morning’s papers and news-shows are full of the story that in 1939 the Bank of England facilitated the sale of Nazi looted gold, not just once but at least twice during that year. Both times without approval of the British government, despite an attempt to freeze Czech assets.
The story of Nazi gold is both fascinating and tragic. We take a look at ‘the greatest robbery of all time’ and draw parallels with the modern day gold migration.
What is Nazi gold?
Nazi gold is a phrase that refers tSaturday, October 6, 2018 |
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| Antal E. Fekete - Gold University |
The New Austrian School of Economics  |
| .Sunday, September 30, 2018 |
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 | Alasdair Macleod - Finance and Eco. |
| The fiat money quantity (FMQ) |
| Summary : This paper seeks to establish a measure of currency quantity that helps economists identify and estimate the risk that confidence in fiat currencies might be significantly eroded or even vanish altogether. It is this phenomenon that was referred to in the great European currency inflations of the 1920s as Katastrophenhausse, or a crack-up boom, when ordinary people lose all confidence in a fiat currency, disposing of it as rapidly as possible instead preferring ownership of goods.This isSunday, September 30, 2018 |
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| Charleston voice |
| The Great German Inflation |
| Saturday, September 29, 2018 |
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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 26, 2018 |
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| Antal E. Fekete - Gold University |
| The Hungarian Connection |
| Gold is the most misunderstood metal in human history, because of the economists' failure to distinguish between its dynamic and static aspects in representing values. Economists have blithely assumed all along that the value of gold is the same whether it flows freely from one hand to the next, or whether the movement of gold is obstructed, in the worst case arrested, by the government (soon to be aped by banks and individualsSunday, September 23, 2018 |
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| Graham Summer - Gains Pains & Capital |
| Bond Yields Are Rising in Germany, Japan, and Worst of All, the US |
| As if we didn’t have enough reasons to be concerned about stocks already, the bond market is blowing up again.
Why does this matter?
Because the entire move in the financial markets since 2008 has been based on Central Banks cornering the bond market. In the simplest of terms, Central Banks dealt with the crash in one major asset class (housing) by creating a bubble in another even more senior asset class (government bonds).
Because these bonds are the backbone of the current financial systemThursday, September 20, 2018 |
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| Food for thought |
| How to Get people into wars : Herman Goering |
| Please recall whatReichsmarschall Hermann WilhelmGöring (his name is also spelled as Hermann Goering) Nazi founder of the Gestapo, Head of the Luftwaffe, said at the Nuremberg Trials.
Here is a clip of theinterview in Goering's cell in prison, after the war.
Göring: Why, of course, the people don't want war.Sunday, September 16, 2018 |
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