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 | Nathan Lewis - New World Economics |
 The Story of Gold Money, Past, Present and Future, by Edwin Walter Kemmerer |
| There aren’t a lot of good books about the gold standard — the monetary system of the world until 1971 — after WWI. There aren’t a lot before WWI either, but it starts to get pretty bad after 1920. Ralph Hawtrey’s books have some merits, but they also have too many errors to serve as a definitive source.
Gold and the Gold Standard: The Story of Gold Money, Past, Present and Future (1944) is something of an exception to this pattern. Edwin Walter Kemmerer was a professor at Princeton.
Wikipedia oTuesday, March 26, 2019 |
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| Sprott Money |
| Death Valley Snowballs and Fiat Currencies - Gary Christenson |
| Keep it simple!
Snowballs have a short life expectancy in Death Valley.
Fiat currencies, backed by credit and debt, survive longer than
snowballs in Death Valley, but history shows all fiat currencies are
inflated into worthlessness and eventually die.
“U.S. dollars have value only to the extent that they are strictly limited in supply.”
Ben Bernanke on November 21, 2002. But we know the supply of dollars
has grown rapidly since 1971, and especially after the 2008 crisis while
BernaSunday, March 3, 2019 |
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 | Mac Slavo - ShtfPlan |
The Transformation Of Our Nation Into A Complete Surveillance State Is Almost In Place: “You’re Known, Your Vehicle Is Known, Your Daily Itinerary, Shopping Habits… It’s All Being Recorded”  |
| The headlines are awash with the recent tensions with North Korea, and most are focused intently upon this act of the play that has been running hot for several years, now. Akin to the proverbial frog in cold water, however, we are not paying as much attention to the surveillance state that is continuing to wrap its tentacles around us. Eurasia is our ally, Eastasia is our enemy…and nobody notices that the chocolate ration has been diminished. While everyone focuses on what is reported in theSaturday, March 2, 2019 |
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 | George F. Smith - Barbarous Relic |
| Gary North on central banking, gold, federal debt, and Keynesianism |
| I have never met Gary North and probably never will.Yet, through his writings he has had a far-reaching influence on my thinking, especially with regard to government and economics.He runs a membership website, GaryNorth.com.For $14.95 a month you get access to everything on the site, including four daily articles that he writes six days a week and posts while most people are still asleep.Members can ask questions in the forums to which he and other members will post replies.
North wrote whatFriday, March 1, 2019 |
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 | Jeff Clark - Goldsilver |
| Gold vs. Silver: The 5 Differences That Matter Most to Investors |
| You’d like to buy some precious metals, but do you buy silver or gold? Is there really much difference between them other than the price?Both are “precious” metals, meaning their occurrence in the earth’s crust is rare. But when it comes to investing in gold vs. silver, there are 5 important distinctions to be aware of. These differences can supercharge your portfolio—or make it a victim.This article outlines the five differences to know about gold vs. silver, with special emphasis on investmentTuesday, February 26, 2019 |
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 | Frank Shostak |
| Why We Now Measure Gold in Dollars — and Not the Other Way Around |
| Prior to 1933, the name "dollar" was used to refer to a unit of gold that had a weight of 23.22 grains. Since there are 480 grains in one ounce, this means that the name dollar also stood for 0.048 ounce of gold. This in turn, means that one ounce of gold referred to $20.67.Observe that $20.67 is not the price of one ounce of gold in terms of dollars as popular thinking has it, for there is no such entity as a dollar. Dollar is just a name for 0.048 ounce of gold. On this Rothbard wrote,No one pSunday, February 24, 2019 |
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 | Mark O'Byrne - gold.ie |
| Silver Very Undervalued from Historical Perpective of Ancient Greece |
| – What wages in ancient Athens can tell us about the silver price today
– Wages paid in silver in ancient Athens compared to wages today
– Silver massively undervalued compared to the past few thousand years
The cost of building the Parthenon was 469 silver talents, or about £5.6m.
by Dominic Frisby
Today we look at the wages paid to oarsmen on warships in ancient Athens in 450BC.
I bet you’ve never read a Money Morning that began like that before.
Why on earth would I want to do such a thing?
Sunday, February 10, 2019 |
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| Jeff Clark - Goldsilver |
| What Happens to Gold and Silver When the Stock Market Crashes |
| Many investors hold gold and silver to hedge against various crises. But does this hedge hold up during stock market crashes?It’s a common assumption that gold and silver prices will fall right along with the market. And if that’s the case, wouldn’t it be better to wait to buy them until after the dust settles?Before formulating a strategy, let’s first look at price data from past stock market crashes…The Message from HistoryI looked at past stock market crashes and measFriday, February 8, 2019 |
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 | Alasdair Macleod - Finance and Eco. |
| The origin of cycles |
| It was Karl Marx who was among the first believers that cyclical behaviour was endemic to free markets.He lived through a time when there was a regular cycle of boom and bust, with phases of economic expansion followed by contraction. Workers were employed and then unemployed, and the only way this could be stopped, in Marxian economics, was for the workers to acquire the means of production, or more correctly, the state to do so on their behalf.Other economists, such as Jevons and Wicksell, recThursday, February 7, 2019 |
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| Graham Summer - Gains Pains & Capital |
The West Will Become The New ‘Third World’: PricewaterhouseCoopers  |
| Hold your real assets outside of the banking system in one of many private international facilities --> https://www.sprottmoney.com/intlstorage
The West Will Become The New ‘Third World’: PricewaterhouseCoopers
Written by Jeff Nielson (CLICK HERE FOR ORIGINAL)
First World
The term “First World” refers to so called developed, capitalist, industrial countries, roughly, a bloc of countries aligned with the United States after word war II, with more or less common political and economiWednesday, January 30, 2019 |
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| Bullion Vault |
| Gold Bullion Gains Extend ETF Growth as Inflation Worries Hit 'Even the Yellen Fed' |
| GOLD BULLION held around $1240 per ounce in London trade Thursday, retaining its 3-month high as commodity markets pushed towards new 18-month records.
With energy costs
already driving up headline inflation rates worldwide, Brent crude oil today rose above $55 per barrel as Nymex natural gas contracts traded 90% above their price of this time last year.
Silver bullion held firm witSaturday, January 26, 2019 |
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 | Mike Hewitt - Dollar Daze |
| The History of Money: Peru |
| Peru is the nineteenth largest country in the world and is a diverse land,
both in terms of people and geography. It is populated by over 29.2 million
peopl, largely descended from Spanish settlers, native
Inca, and pre-Inca cultures. Peru has three national languages: Spanish, Aymara,
and the native Quechua, reflecting the native Indian and Spanish roots that
cultivFriday, January 25, 2019 |
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 | Keith Weiner - Monetary Metals |
| What makes gold good money |
| People say that gold is rare this is why it makes good money. To make an analogy to the porridge in Goldilocks, the temperature could not be too cold or too hot. If gold were too common, or too rare, it would not work as money. Think of sand, which is too common, or blue diamonds which are too rare (and diamonds would not work as money anyway.
Rather than focusing on its rarity, let’s look at extracting it. It has generally held true that the cost to mine an ounce of gold was around one ounce ofTuesday, January 22, 2019 |
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 | John Paul Koning - Bullion Star |
| How California stayed with gold when the rest of the U.S. adopted fiat money |
| We are ten years into the age of bitcoin. But people are still using national currencies like yen, dollars, and pounds to buy things. What does history have to say about switches from one type of monetary system to another? In this post I’ll dig for lessons from California’s successful resistance to a fiat standard that was imposed on it in the 1860s by the rest of the U.Saturday, January 19, 2019 |
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| Mac Slavo - ShtfPlan |
| 2019: The Beginning Of The End (Free Premium Report) |
| Now that it’s 2019, we’re going to start the new year here at Peak Prosperity by responding to the wishes of our premium subscribers and making our most recent premium report free to everyone.
For those unfamiliar with our work, it’s based on the idea that humanity is hurtling towards a disaster of our own making. Several powerful and unsustainable trends Monday, January 14, 2019 |
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| Mac Slavo - ShtfPlan |
| Defending a Venezuelan Homestead: “Eventually people will come for what you have” |
| If you aren’t aware, a short time before the collapse became evident, the Venezuelan government confiscated all the guns from people. This left the population disarmed and vulnerable. In this article, Jose discusses some of the very real dangers of being at a rural homestead and ways to defend yourself if you do not have a gun.
by J.G. Martinez D.
My cousins there in the open country of Venezuela tMonday, January 14, 2019 |
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| Mac Slavo - ShtfPlan |
| A Metaphor For America: 700 Pound Man Plans To Eat And Play Video Games While Naked Until He Dies |
| 34-year-old Casey King is so obese that he can’t work, he has to bathe outside in a trough like a pig, and he has to rely on his father to constantly take care of him. He now weighs more than 700 pounds, but he just keeps on eating massive amounts of unhealthy food. Just like America as a whole, he has absolutely no self-discipline and absolutely no desire to turn his life around. On some level he understands that Monday, January 14, 2019 |
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| Graham Summer - Gains Pains & Capital |
| “The U.S. Will Go Broke.” The Case For |
| As the end of year rally continues into January, it’s time to look ahead to tax season. But when you make your final retirement contributions for 2018, should you add precious metals to the mix? Eric Sprott breaks down all the gold and silver news you need to protect yourself for the bumpy ride ahead.
In this edition of the Wrap-Up, you’ll hear:
Why banks are capping silver prices.
The “stunning newMonday, January 14, 2019 |
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 | James Howard Kunstler |
Swamp Thang  |
| Chuck and Nancy coming onto the TV audience as “Mommy and Daddy” Tuesday night was a nice gag, putting the “nanny” into the Nanny State, which is getting more and more like the Tranny State — the Deep State in drag. Will the supply of “undocumented” nannies be cut off to the Creative Classniks of Brooklyn and Pacific Heights? That is the question. Not this silly-ass debate over The Wall. Who is going to watch the kids while we’re Friday, January 11, 2019 |
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| John Paul Koning - Bullion Star |
| Should we have to line up for money or not |
| I finally had some time to read George Selgin's excellent Floored! over the Christmas holiday.
Some family members saw me reading the book and asked me what it was about. The subject that George is tackling—two types of central bank operating systems—is quite technical, so I wasn't sure how to break it down for them. But in hindsight, here's how I would go about it. I'm going to explain what the issues are in terms of an instrument we all use and understand: good ol' fashioned banknotes.
-Sunday, January 6, 2019 |
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