Articles related to coal
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 benefi
Monday, November 23, 2020
Frederic Bastiat
Raw Materials
It is said that the most advantageous of all branches of trade is that which supplies manufactured commodities in exchange for raw materials. For these raw materials are the aliment and support of national labor. Hence the conclusion is drawn that the best law of customs is that which gives the greatest possible facility to the importation of raw materials, and which throws most obstacles in the way of importing finished goods. There is no fallacy in political economy more widely disseminated th
Monday, October 12, 2020
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
Philip Judge - Anglo Far East
Empire At War For Energy Money 
It appears that in history, overstretched empires have often resorted to fighting external wars in the vain attempt to preserve their ailing empire: 1) Through history more blood has been spilt, and more lives lost over gold than anything else. There have always been Gold Wars waged - historically, they centered on seizing by force the physical stockpiles or controlling strategic reserves of gold. 2) Today’s Gold War is more complex and deceptive. There is a very clear war being waged against gold (the same war that has been going on for close to 100 years).
Monday, August 17, 2020
Mike Hewitt - Dollar Daze
Should Self-Sufficient Countries Trade
Countries that are self-sufficient have enough resources to meet the demands of their citizens. Such countries do not need to trade, but there is advantage to be gained by trading. These benefits are three-fold: reduced prices, a tradable surplus, and/or reduced work hours for their citizens. I will illustrate this principle using two commodities - spice and coal - from two hypothetical countries: Zamunda and Elbonia. For this illustration we need to agree on the following assumption:
Thursday, May 21, 2020
Investing in Mining Stocks - Mercenary Geologist
The Power of Two: A Primer for the Lay Investor

Wednesday, May 13, 2020
Mickey Fulp - Mercenary Geologist
The Life Cycle of Money
In the aftermath of the global economic crisis of 2008-2009, governments throughout the world have fostered a tenuous recovery predicated on massive increases in money supplies and debasement of currencies. Note however, that monetary debasement is not a recent phenomenon; it is simply the natural life cycle of money.There are six well-defined stages in the life cycle of money. This progression has occurred in every dominant civilization
Monday, May 11, 2020
Mickey Fulp - Mercenary Geologist
Gold, Silver, and the US Dollar: 1792-1971
In today's musing, I review the history of gold, silver, and fiat currency as money in the United States of America. I document how various wars, panics and depressions, Congressional acts, and executive orders have affected the US dollar prices of precious metals and resulting gold-silver ratios.This musing covers the period from 1792 when the United States government first established a national currency backed by gold and silver until
Monday, April 6, 2020
The Disastrous History of Money - USA Gold
The Nightmare German Inflation 

Monday, March 9, 2020
Frederic Bastiat
The Tax Gatherer
JACQUES BONHOMME, a vintner.Mr. LASOUCHE, tax gatherer.L.: You have secured 20 tuns of wine?J.: Yes, by dint of my own skill and labor.L.: Have the goodness to deliver up to me six of the best.J.: Six tuns out of 20! Good Heaven! you are going to ruin me. And please, Sir, for what purpose do you intend them?L.: The first will be handed over to the creditors of the state. When people have debts, the least thing they can do is to pay interest upon them.J.: And what has become of the capital?L.: Th
Tuesday, January 28, 2020
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, rec
Friday, January 24, 2020
Mike Hewitt - Dollar Daze
  America's Forgotten War Against the Central Banks
"Let me issue and control a nation's money supply, and I care not who makes its laws." (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty) Many prominent Americans such as Benjamin Franklin, Thomas Jefferson, and Andrew Jackson have argued and fought against the central banking polices used throughout Europe. A note issued by a central bank, such as the Federal Reserve Note, is bank currency. These notes are given to the government in exchange for an interest-bearing g
Sunday, January 5, 2020
Mickey Fulp - Mercenary Geologist
The Power of Two: A Primer for the Lay Investor
The Mercenary Geologist investing philosophy requires actively trading stocks. There are no “buy and hold” scenarios in my portfolio. That said, there are trades and there are investments but that’s a subject to be tackled in a future musing. My trading methodology employs a very conservative strategy to speculate in a very high risk market sector.
Thursday, December 26, 2019
Graham Summer - Gains Pains & Capital
Is Italy the Canary in the Coal Mine For Europe's Debt Bubble
The EU debt bomb is about ready to go off. If you wanted to find a place in which Central Banking monetary insanity will result in an epic systemic blow up, Europe is the best place to start. True, Japan is further down the monetary insanity rabbit hole… but Japan is a single country with a single central bank that controls a single currency. Europe, on the other hand, is an amalgamation of 24 countries, all in various stages of insolvency, and none of which have a Central Bank that can print
Tuesday, October 2, 2018
Peter McKenzie-Brown - Language Instinct
Capturing a Cacophony of Voices
My  2017 book, Bitumen: The people, performance and passions behind Alberta's oil sands, its book of the year. I'm quite honoured. Here is an intro to the oil sands, based on information from that book. By Peter McKenzie-Brown Hudson’s Bay Company explorer James Knight made a seminal observation in his diary on June 27, 1715. On an expedition into today’s Alberta, he wrote that he had learned from Cree “Home Guard” Indigenous people, local trappers and factory provisioners “abt the Great R
Tuesday, March 13, 2018
Nathan Lewis - New World Economics
“Should We Restore The Gold Standard”
I thought I would add a little commentary to this item from Bullionstar: Should We Restore the Gold Standard? It consists of a sort of virtual discussion between Larry White and David Glasner, who we looked at recently regarding his views of the Great Depression: I say “virtual” because it appears that the two did not have an actual discussion, but rather, the author compares some of their public statements. The article is a nice summary of what a discussion today on this topic might look like.
Monday, March 12, 2018
The Energy Report
Amazing Energy Drills Amazing Well
Bob Moriarty of 321 Gold does the math for an energy company drilling in the Permian Basin and finds it pretty impressive. Amazing Energy Oil & Gas Co. (AMAZ:OTCQX) drilled an oil well they named WWJD #23 in Pecos County in the Permian Basin to a depth of 1,997 feet and encountered 44 feet of pay in the targeted Queen A formation. They own about 70% of the well and their cost was $300,000. The company just announced numbers on the well
Wednesday, March 7, 2018
Peter McKenzie-Brown - Language Instinct
Barbecues, Booms and Blogs
Barbecues, Booms and Blogs Fifty Years of Public Relations in Calgary ISBN number: 978-1-55059-363-1 Copy for inside front cover: Public relations is "the management function which evaluates public attitudes, identifies the policies and procedures of an individual or organization with the public interest, and plans and executes a program of action to earn understanding and acceptance." Canadian Public Relations Society definition Title: Barbeques, Booms and BlogsSub
Sunday, March 4, 2018 -
Why The Next Oil Boom Will Be Fueled By Blockchain
Big Oil is due for a disruption. The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector. It’s official: Blockchain technology has infiltrated Big Oil. The hype behind blockchain has reached a full-blown frenzy. And for good reason. The technology, which creates secure ledgers for digital transactions and rapidly accele
Saturday, February 24, 2018
Nathan Lewis - New World Economics
“Rules-Based” Monetary Proposals Won’t Create S...
(This item originally appeared at on February 9, 2018.) I often say that governments should follow the “Magic Formula,” which is: Low Taxes and Stable Money. Good things happen to governments that do this, and bad things happen to those that don’t. “Stable Money” means: money that is stable in value. The traditional way to accomplish this is to link currencies to g
Monday, February 12, 2018