Articles related to Monetary System
 
Nathan Lewis - New World Economics
Why Base Your Money On Gold? A Simple Answer For First-Timers
The United States embraced the principle of a gold standard – a dollar whose value was linked to a defined quantity of gold – from 1789 to 1971, a stretch of 182 years. During this time, the U.S. was the most successful of any major country, expanding from thirteen war-ravaged states along the Atlantic
Saturday, November 18, 2017
Adrian Ash - Bullion Vault
  Brexit, Gold and Harold Wilson's 'Pound in Your Pocket', 50 Years On
How the 1967 devaluation of Sterling killed the Gold Standard... THIS WEEKEND will mark 50 years since Harold Wilson's infamous devaluation of Sterling, writes Adrian Ash at BullionVault. Hoping to cut the trade deficit by making imports dearer and exports cheaper, the Labour prime minister claimed that the "Pound in your pocket" hadn't been devalued, only its internatio
Saturday, November 18, 2017
John Paul Koning
  How the Fed Helped Pay for World War I
Governments can pay their bills in three ways: taxes, debt, and inflation. The public usually recognizes the first two, for they are difficult to hide. But the third tends to go unnoticed by the public because it involves a slow and subtle reduction in the value of money, a policy usually unarticulated and complex in design. In this article, I will look under the hood of the Federal Reserve during World War I to explain the actual tools and levers used by monetary authorities to reduce the value
Saturday, November 11, 2017
Jan Skoyles - GoldCore
Prepare For Interest Rate Rises And Global Debt Bubble Collapse
– Diversify, rebalance investments and prepare for interest rate rises – UK launches inquiry into household finances as £200bn debt pile looms – Centuries of data forewarn of rapid reversal from ultra low interest rates – 700-year average real interest rate in last 700 years is 4.78% (must see chart) – Massive global debt bubble – over $217 trillion (see table) – Global debt levels are building up to a gigantic tidal wave – Move to safe haven higher ground from coming tidal wave Editor: Mark O’B
Thursday, November 9, 2017
Jeff Clark - Goldsilver
So You’re a Bitcoin Millionaire! Now Where Do You Invest?
If you’ve made a profit from bitcoin and other cryptos, congratulations! You’re obviously a smart investor who spotted a trend early on and was able to profit. Hats off to you.But now it’s time to take some profits… right? If you were smart enough to buy in early, you’re smart enough to know that it’s not a profit until you take it. And that asset prices don’t rise forever, no matter how revolutionary the technology.Yes, some cryptos will gain widespread acceptance and use, but most won’t. Yes,
Thursday, November 9, 2017
Keith Weiner - Monetary Metals
Heat Death of the Economic Universe
Physicists say that the universe is expanding. However, they hotly debate (OK, pun intended as a foreshadowing device) if the rate of expansion is sufficient to overcome gravity—called escape velocity. It may seem like an arcane topic, but the consequences are dire either way. If the rate of expansion is too low, then it will get slower and slower until expansion stops entirely, then finally, begin collapsing again in a Big Crunch. That’s bad enough. But the other possible fate of the universe i
Wednesday, November 8, 2017
Hugo Salinas Price - Plata.com
  'Lord, What Fools These Mortals Be...' 
Money, in its highest manifestation, is gold. However, silver can also be money, though not as aptly as gold. Money is, has always been, and always will be a commodity. Bitcoins, as well as Dollars and all other currencies today, are not and cannot be money, because they are not commodities. In trade, all commodities exhibit what is called a "declining marginal utility", with one notable exception. Carl Menger (1840-1921, Vienna) illustrated the phenomenon of declining marginal utility by th
Thursday, November 2, 2017
Hugo Salinas Price - Plata.com
  Anecdotes and Reminiscences How unbacked fiat money corrupts society 
A well-known story from yesteryear: when Venustiano Carranza was President of Mexico (1917-1920). Carranza issued a great quantity of worthless paper money, which caused much resentment on the part of the population. Someone (whose identity was never discovered) printed up some papers, and these were pasted one night on the walls of buildings in the heart of Mexico City; the papers had the following text: “The Mexican eagle is a very cruel animal: It eats only silver, and shits only paper.” Pres
Tuesday, October 31, 2017
Egon von Greyerz - Matterhorn AM
DOW TO LOSE 97 AGAINST GOLD
In the last 48 years, since 1969, an investor who put $1,000 into the Dow would today have $33,000. That is a gain of 3,200% or 7.6% annually. On the other hand, someone who put $1,000 into gold in 1969 would today have $37,000 or 7.8% annual return. But if you add dividends to the Dow, the return is far superior at 10.7% with the dividends reinvested. 1969 seems like an arbitrary start year but it happens to be the year that I started my first job. No one could of course have predicted any of t
Friday, October 27, 2017
Steve Saville - Speculative Investor
  Motive, means and opportunity, but no crime
When a prosecutor is trying to establish guilt in a murder trial in most cases he will try to show that the accused had the motive, the means and the opportunity. However, prior to analysing motive, means and opportunity (MMO) there must first be evidence that an actual murder occurred. One of the most basic mistakes made by those who tout gold-price suppression stories is that they focus on the MMO without first establishing that a crime has taken place. The crime in this case would be causing
Tuesday, October 24, 2017
Mike Maloney - Goldsilver
Mexico's Past, the World's Future Currency Devaluations
It seems the world is doomed to repeat the same mistakes, from wars to large economic shocks that could have been avoided. All this, without a doubt, is the responsibility of leaders, who are often blinded by today's apparent prosperity, or by the desire to postpone the inevitable, leading entire nations to what will eventually end in tragedy. The influential forces that these leaders possess,
Monday, October 23, 2017
Philip Judge - Anglo Far East
A Century Unique In All History 
This last century is unique in all of history, as it tells the story of the first time in all of history, that gold has been completely and officially abandoned as the backing for money. We have said before that maintaining control of the financial systems is the largest single challenge facing the leaders of the world today. This is evidenced in the last two years by the record number of summits and emergency meetings of organizations such as IMF, World Bank, World trade Organization, and the G7. The Plunge Protection Team and Exchange Stabilization Fund have been working overtime, while we have witnessed the setting up and convening of special sub committees of central banks and governmental policy makers, all dedicated to ensuring stability of financial and capitol markets, at all costs.
Saturday, October 21, 2017
Antal E. Fekete - Gold University
The Golden Thorn In The Flesh, Part 2
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Saturday, October 21, 2017
Antal E. Fekete - Gold University
Troubled Ass Relief Program (Tarp)
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Friday, October 20, 2017
Steve Saville - Speculative Investor
Gold, the stock market and the yield curve
The yield curve is a remarkably useful leading indicator of major economic and financial-market events. For example, its long-term trend can be relied on to shift from flattening to steepening ahead of economic recessions and equity bear markets. Also, usually it will remain in a flattening trend while a monetary-inflation-fueled boom is in progress. That’s why I consider the yield curve’s trend to be one of the true fundamental drivers of both the stock market and the gold market. Not surprisin
Monday, October 16, 2017
Chris Powell - GATA
The Economist: The internationalization of China's currency has stalled
On October 18 President Xi Jinping will preside in Beijing over the most important political event in five years. At the Communist Party's 19th congress much will be made of the triumphs achieved in nearly four decades of reform and opening up. So expect a glossing over of one part of that process where progress has largely stalled: the “internationalisation” of China's currency, the yuan. This seems odd. Just a year ago the yuan became the fifth currency in the basket that forms the IMF's Speci
Saturday, October 14, 2017
Keith Weiner - Monetary Metals
A Free Market for Goods, Services, and Money
A thesis submitted September 3, 2012 by Keith Weiner to the Graduate Faculty of the New Austrian School of Economics, in partial fulfillment of the requirements for the degree of Doctor of Philosophy. Major Subject: Monetary Science. Abstract A free market is composed of people who produce and trade the products of their efforts in exchange for the products of others. Each sets the prices at which he is willing to offer his product and at which he is willing to bid on others’ products. The marke
Saturday, October 14, 2017
Andy Hoffman - Miles Franklin
Digging Up An Old Story
Last night instead of watching the No Fans Left political program, I decided to watch a 1931 movie starring Bela Lugosi. Being in the Halloween Season and all, I watched the original “Dracula” where the main character was charismatic, kind, considerate, wealthy, and a little off. This movie was epic and the digitally remastered film really showed the viewers a good time. Bela Lugosi was claimed to have stayed in character for 6 months past the making of the movie and I found out later that he wa
Monday, October 9, 2017
Charleston Voice
  Death Penalty for Debasing Currency: US Coinage Act of 1792 
As most of you know much of our current law was based on English case law. Hence, this was the Royal Mint's disposition of counterfeiters and forgers. Themethods employed for carrying out the death penalty are appropriate eventoday.: SOLOMON IDSWELL, Deception > forgery, 20th May 1795. Reference Number:t17950520-26 Offence: Deception >forgery Verdict: Guilty Punishment: Death Are Counterfeiting and Treason any less painful a crime upon the people today? We vote "Nay!" Hasn't our central government stolen real money by bank note deception and broken sworn promises ofredeemability from the American people and their foreign trading partners? And haven't our current leaders and appointees past and present lied knowingly to perpetuate thesecrimes ?Tothis,we vote "Yea!" onboth charges.
Sunday, October 8, 2017
Antal E. Fekete - Gold University
Forward Thinking On Backwardation
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Saturday, October 7, 2017
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