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| RATIOS & INDEXES |
| Gold / Silver | 60.92 |
| Gold / Oil | 14.42 |
| Dowjones / Gold | 11.01 |
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 | Articles related to Ludwig von Mises |  |
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 | John Rubino - Dollar Collapse |
 Velocity of Money and the Crack-Up Boom |
| Based on both recent history and mainstream economic theory the past few years
should not have been possible. When you cut interest rates to near-zero, run
deficits of 10% of GDP and buy up every government bond in sight with newly
created currency, you get a boom, end of story. That's just the way capitalism
works.
But this time was different. After four years of QE and ZIRP and all the other
easy-money acronyms, we entered the month of May with Europe in a deepening
recessionSunday, May 19, 2013 |
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 | Lew Rockwell |
 Another Nail in the Neocon Coffin  |
| The recent opening of the Ron Paul Institute for Peace and Prosperity was a watershed moment in American history. There has never been anything quite like it. Ideologically diverse, the Ron Paul Institute reaches out to all Americans, and indeed to people all over the world, who find the spectrum of foreign-policy opinion in the United States to be unreasonably narrow. Until Ron Paul and his new institute, there was no resolutely anti-interventionist foreign-policy organization to be found.Sunday, May 05, 2013 |
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 | Chris Powell - GATA |
| Bill Buckler's farewell: Denying gold market manipulation is silly |
| Bill Buckler, editor of the incisive The Privateer market letter, closed it down the other day after 29 years, sounding not just worn out from the work and needing a break but also a bit depressed by the world's increasing illiteracy in economics and maybe by the recent attack on gold as well.
From the start Buckler had documented much of the war waged against gold by Western central banks --
http://www.the-privateer.com/gold2.html
-- and maybe that's why in recent years he declined to mention eFriday, May 03, 2013 |
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 | Mish - Global Economic Analysis |
| Mish Interview With "Bitcoin Jesus" |
| Of all the topics that readers have pleaded me to write about for months but I never did until now, "bitcoins" are at the top of the list.
In private emails, I stated on many occasions "bitcoins are a scam". I now take that back, "scam" is not the correct word. Others whose opinions I highly respect, state the same thing.
For example, Geoff Turk at GoldMoney stated in an email response:
"I have spent quite a bit of time researching Bitcoins and have not found anything scam-like about them.Monday, April 29, 2013 |
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 | George F. Smith - Barbarous Relic |
Inflation Inferno I  |
| Throughout history, governments have fought against the use of sound money. In 1912, Ludwig vonMises identified the reason for this:
The sound-money principle has two aspects. It is affirmative in approving the market's choice of a commonly-used medium of exchange. It is negative in obstructing the government's propensity to meddle with the currency system.Sunday, April 28, 2013 |
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| George F. Smith - Barbarous Relic |
The Virtue of Hoarding  |
| Most people would admit to hoarding money only with a tinge of guilt, because to be a hoarder carries with it the suggestion of being a miser — a Scrooge. And yet, every participant in an economy based on indirect exchange holds some amount of money and can be said to be hoarding it, that is, declining to spend it. Hoarding is a strategy for achieving personal goals or for dealing with economic uncertainty.Monday, April 15, 2013 |
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 | Adrian Ash - Bullion Vault |
| Inflation and human nature |
| "...Scrabbling in the earth for a fresh source of cash, the gold & silver miners of 13th century Europe proved that the money supply never simply increases as if by magic..."Friday, April 05, 2013 |
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| George F. Smith - Barbarous Relic |
| In counterfeiting we trust |
| If there is one central myth supporting the folly that passes for monetary policy and by extension fiscal policy, it would have to be the unchallenged assumption that money should be defined and controlled by government. Given the role of money in the economy - that it is one-half of virtually every transaction - nothing has been more destructive to the well-being of most people than the government’s usurpation of money from the market.Money was once the most marketable commodity (Ludwig von MiMonday, April 01, 2013 |
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| Lew Rockwell |
| Want To Understand Money? |
| It was Carl Menger who demonstrated how money could emerge on the free market, and Ludwig von Mises who demonstrated that it had to emerge that way. In this as in so many other areas, Mises broke with the reigning orthodoxy, which in this case held that money was a creation of the state and held its value because of the state’s seal of approval. A corollary of the Austrian view was that fiat paper money could not simply be created ex nihilo by the state and imposed on the publicThursday, March 28, 2013 |
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 | Jon Matonis - The Monetary Future |
| How Cryptocurrencies Could Upend Banks' Monetary Role |
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Peter Šurda
I recently had a fascinating chat with the economist Peter Šurda to
discuss how nonpolitical cryptocurrencies like bitcoin could alter the
future of fractional reserve banking.
Peter is also a software developer experienced in the online payments industry and will present at the Bitcoin 2013: The Future of PaymentsMonday, March 25, 2013 |
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 | Egon von Greyerz - Matterhorn AM |
| Get Your Assets out of the Banks – NOW |
| The Cyprus event may later, in the history books, be seen as the catalyst of the fall of a century long Ponzi scheme. This could rank in line with the shot in Sarajevo as the start of WW1 or the collapse of Kreditanstalt in 1931 as the start of the Great Depression.Friday, March 22, 2013 |
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| Egon von Greyerz - Matterhorn AM |
| Cyprus : EverythIng within the banking system has counterparty risk |
| The Cyprus event may later, in the history books, be seen as the catalyst of the fall of a century long Ponzi scheme. This could rank in line with the shot in Sarajevo as the start of WW1 or the collapse of Kreditanstalt in 1931 as the start of the Great Depression.
Isn’t it ironic that exactly 100 years after the creation of the Fed (a private bank created for the benefit of bankers) that the fragile and bankrupt financial system is likely to fall due to the insolvency of a couple of Cypriot banks.Thursday, March 21, 2013 |
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 | Tom DiLorenzo |
| Frederic Bastiat (1801-1850): Between the French and Marginalist Revolutions |
| CLAUDE FREDERIC BASTIAT was a French economist, legislator, and writer who championed private property, free markets, and limited government. Perhaps the main underlying theme ofBastiat's writings was that the free market was inherently a source of "economic harmony" among individuals, as long as government was restricted to the function of protecting the lives, liberties, and property of citizens from theft or aggression.Monday, March 18, 2013 |
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 | Gordon Long - Market Analytics |
| Hyperinflation: A Currency Event |
| First and foremost HYPERINFLATION is a Currency Event. Prices rise because
it becomes widely understood that the currency is being intentionally debased
and it is no longer a store of value.
Secondly, Hyperinflation is not a protracted affair. It happens very quickly,
causes massive dislocations and social upheaval, but is over in a relatively
short period of time. Often measured in weeks and months. However, the devastation
it wrought is felt for decades and generations.
Hyper-inflatFriday, March 15, 2013 |
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 | Antal E. Fekete - Gold University |
| Whither Gold? |
| The year 1971 was a milestone in the history of money and credit. Previously, in theworld's most developed countries, money (and hence credit) was tied to a positive value:the value of a well-defined quantity of a good of well-defined quality. In 1971 this tiewas cut. Ever since, money has been tied not to positive but to negative values – the value of debt instruments.Friday, March 08, 2013 |
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| Lew Rockwell |
| Our Enemy, the Executive State |
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The modern
institution of the presidency is the primary political evil Americans
face, and the cause of nearly all our woes. It squanders the nationalSunday, February 24, 2013 |
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 | Keith Weiner - keith weiner |
| The Unadulterated Gold Standard Part V (Real Bills) |
| In this final Part V, we look at the economics of Real Bills (or "Bills" for short). In Part IV, we noted that a Real Bill is credit that is not debt, so let's start here.
The Real Bill is credit provided for clearing, without lending or borrowing. It is different than a bond. To review the bond, in Part III we showed how it arises out of the need to save. People must plan for retirement and senescence during their working years. Even if there is no way to lend at interest, this need still exists. So people hoarded part of their income by buying a commodity with a narrow bid-ask spread that was not perishable. Salt and silver are two commodities that were used for this purpose. For many reasons saving, in which one lends one's wealth at interest, is superior to hoarding. Thus the bond was born.Tuesday, February 19, 2013 |
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 | Ty Andros - traderview |
| 2013 Outlook: Witches Brew: Part 2 |
| Throughout history Fiat currency and credit systems have failed upon the greed
and avarice of those who controlled them and this episode will be no different.
The currency and bomb...er...bond markets are GROUND ZERO of the unfolding
Societal and financial system destruction. The money printed to date will
be dwarfed by what is to come. This is the greatest OPPORTUNITY in HISTORY
for applied Austrian investing and the demise of the KEYNESIAN PONZI model.
The greatest transfer of wealthMonday, February 18, 2013 |
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