Articles related to debt
 
John Butler - Goldmoney
A banker for all seasons: the life and times of John Exter – champion of sound money 
The following is an introduction to a series of essays GoldMoney will be publishing, written by John Butler and Barry Downs, looking at the life and times of John Exter – leader in the fight against Richard Nixon, Alan Greenspan and the debasement of the US dollar. The source material for these essays includes John Exter's collected papers and works; the personal experiences, diary entries and recollections of the author; and interviews with former colleagues, friends and family of John Exter's.
Thursday, July 4, 2019
Mish - Global Economic Analysis
  How Much Gold Should Someone Own Where and How To Own It 
Periodically I receive questions on gold ownership. How much should one own, and where? Let's start with the first question: How Much Gold Should Someone Own? There is no fixed answer, but rather a general methodology that I like: Do not invest outside your comfort zone. Think in terms of percentages, not fixed amounts. For some, 10% is too much, for others 30% is too little. Some do not trust anything else and are willing to hold a huge percentage of their assets in gold  If a 30% decline
Sunday, June 23, 2019
Nathan Lewis - New World Economics
Devaluations of the 1930s Don't Justify Today's Funny Money Excess
Without question, the Great Depression was a time when the political consensus moved from a Classical “hard money” approach towards a Mercantilist “soft money” approach — leading, ultimately, to today’s “print until the pain goes away” reaction. Actually, this trend had started in the later 19th century, and was not fully expressed until the 1970s – an evolution stretching over a hundred years or more. But, the experience of the Great Depression period of the 1930s st
Saturday, June 22, 2019
Nathan Lewis - New World Economics
The View From 2011
Today, we will continue our discussion of the “gold sterilization” of 1937. June 18, 2017: The “Gold Sterilization” of 1937 June 25, 2017: The “Gold Sterilization” of 1937 #2: Fumbling and Bumbling We will look at an influential 2011 paper by Douglas Irwin, available here: http://www.nber.org/papers/w17595.pdf All in all, I think the paper is pretty good, at least in its basic descriptions. It meanders into the usual channels of pointless Monetarism, with some equally pointless math, but it does
Tuesday, June 11, 2019
Charleston Voice
  Global Times - Hard lessons from China's silver standard 
History will repeat, but this time around America will not be able to coin silver Trade Dollars to conduct trade with Asia. Oops. Oh, where O where did my empire go? Source: Caijing.com.cn  [08:30 July 15 2009] Chinese macroeconomic historian Ray Huang used to say the Qing Dynasty never understood monetary and fiscal policy, and therefore was unable to compete against the West. In those days, monetary policy in China was essentially tied to silver, the national money standard since t
Monday, June 10, 2019
Nathan Lewis - New World Economics
The Nonexistent 'Social Costs' of a Gold Standard System
One of the odd notions that has come down through the years is that a gold standard system has “social costs.” It does not. It creates a profit. Of course, it does take effort to dig gold out of the ground. However, gold production never ceased after the end of the world gold standard in 1971. Roughly half of all the gold ever mined, in all of history, has been mined after 1971. Annual production today is the highest in history, and about double what it was in 1970. People seem happy to continu
Friday, June 7, 2019
Alasdair Macleod - Finance and Eco.
  Understanding money and prices
This article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is the sound money chosen by markets throughout history, will retain or increase its purchasing power measured in the goods it buys over the coming years.Very few people have a full understanding of the relationship between money and goods. This is the relationship that sets prices. Yet, without that understanding, central banks will almost certainly fail i
Monday, June 3, 2019
Mike Maloney - Goldsilver
  Gold Silver Confiscation: Can the Government Seize Assets
One concern of retail precious metals investors is the possibility of a gold confiscation.Imagine having the forethought to buy gold to shield your finances from an economic or monetary crisis—only to have it taken away from you by your government. You’d lose not just the protective buffer you put in place but potentially a chunk of your net worth.Gold confiscation may sound preposterous to investors used to securities or real estate. But it’s happened in the past enough times to make it a reaso
Saturday, June 1, 2019
Antal E. Fekete - Gold University
The Dismal Monetary Science
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Sunday, May 19, 2019
Philip Judge - Anglo Far East
Peter Daniels Talks On "Gold" Part 2

Sunday, May 19, 2019
Robert Blumen - 24hgold
Real Bills, Phony Wealth 
"The masses are misled by the assertions of the pseudo-experts,” wrote Mises, “that cheap money can make them prosperous at no expense whatever.” The damage that this inflationary fallacy has done to our monetary institutions cannot be over-estimated. In spite of efforts by classical and Austrian economists to refute it, it refuses to die. It has been resurrected under many guises, but all with the same error at its core: that printing money can create real wealth.
Monday, May 13, 2019
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
Saturday, May 11, 2019
Nathan Lewis - New World Economics
The Bank of England, 1844-1913
In 1844, there was a new regulation of the Bank of England called the Bank Charter Act of 1844, also known as Peel's Act. Read Wikipedia on the Bank Charter Act of 1844 This officially made the Bank of England the sole issuer of banknotes in England, although it was functionally the sole issuer before then. It also split the Bank into two Departments: an Issue Department, wholly responsible for banknotes, and a Banking Department, which was not involved in
Monday, April 22, 2019
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
Saturday, April 6, 2019
Antal E. Fekete - Gold University
Is Aggregate Debt Excessive
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Friday, March 8, 2019
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 Berna
Sunday, March 3, 2019
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 what
Friday, March 1, 2019
Charleston Voice
Banker Gold Price Suppression Currency Manipulations Have Persisted for 50 years
This 1967 meeting of the FOMC nearly 46 years ago is clear and indisputable evidence of gold price suppression and currency manipulation of the world's "free" and "open" market exchanges.  This criminal cabal has certainly built up their mechanisms since this time to conceal their sinister scheme from issuing dishonest money. It's blatant now and all of "in your face" is their behavioral response to inquiry. Damn the torpedoes, full steam ahead. If you find this too cumbersome to read, the Fed
Tuesday, February 26, 2019
Antal E. Fekete - Gold University
Revisionist Theory of Depressions Can It Happen Again
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Thursday, February 21, 2019
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
Sunday, February 10, 2019
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