| |
 | Robert P. Murphy |
| The Gold Standard Did not Cause the Great Depression |
| Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 101–111[The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression by Scott Sumner]The Midas Paradox is an impressive piece of scholarship, representing the magnum opus of economist Scott Sumner. What makes the book so unique is Sumner’s use of real-time financial data and press accounts in order to explain not just broad issues—such as, “What caused the Great Depression?”—but to offer commentary on thThursday, November 12, 2020 |
|
 | Nathan Lewis - New World Economics |
| God, Gold and Guns |
| We’ve been looking into One Nation Under Gold (2017), by James Ledbetter.
October 2, 2017: One Nation Under Gold (2017), by James Ledbetter
October 14, 2017: One Nation Under Gold #2: The Silliness of the Bretton Woods Years
Now, we will follow Ledbetter’s account of the end of Bretton Woods in 1971, up to the present.
The account of the 1971 devaluation was, following the pattern of this book, long on details but short on insight. It seemed to people at the time that they “had no choice,” thatSaturday, October 24, 2020 |
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 | Richard Mills - Ahead of the Herd |
Doggie (Life) Style  |
| Disregard disease – Ebola, Zika and whatever else is cooking out there. Things like - rising sea levels, global shortages of fresh water, simmering religious tensions, the potential for wars over mineral resources and what a higher gold price means. Disregard financial calamity, malfunctioning governments and lying sleazebag politicians leading us down the garden path.
Forget about climate change, somebody else can deal with it. Is it to be inflation, disinflation, deflation or stagflation?Wednesday, April 22, 2020 |
|
 | 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 |
|
 | Keith Weiner - Monetary Metals |
| Standing Ready to Lease Gold |
| We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:
“…central bankers do not think about gold.
Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018 |
|
 | Andy Hoffman - Miles Franklin |
| “Take a Pill” Thinking and Consequences |
| This article was written for Miles Franklin by Gary Christenson who advocates treating causes, not symptoms.
Headache? Muscle ache? Back ache? Take a pill! An over-the-counter pill will diminish the symptoms and pain. The consequences will come later.
High cholesterol? Take a pill. There are other ways to reduce cholesterol but none that produce $ billions for Big Pharma. Consequences to your body and finances will manifest in other ways.
High Blood Pressure? Take a pill. There are other meansSaturday, March 3, 2018 |
|
 | Peter McKenzie-Brown - Language Instinct |
| Masters of War |
| Presentation to a book club
by Peter McKenzie-Brown
The
arts have an enormous impact on the life of society, and today I want to
briefly give an example. The arts include such traditional forms as paintings, plays
and the visual arts. To illustrate, here's how a piece of poetry helped
alter American foreign policy.
To begin, consider Dwight D. Eisenhower’s
farewell address to the nation – a speech American TV networks broadcast on January
17, 1961.
Despite being a politician with a milMonday, February 26, 2018 |
|
| Keith Weiner - Monetary Metals |
| Gold is a Giant Ouija Board |
| We have been promising to get back to the topic of capital destruction, which we put on hiatus for the last several weeks to make our case that the interest rate remains in a falling trend. Today, we have a different way of looking at capital destruction.
Socialism is the system of seeking out and destroying capital. Redistribution means taking someone’s capital and handing it over as income to someone else. The rightful owner would steward and compound it, not consume it. But the recipient of uMonday, February 26, 2018 |
|
 | Bob Hoye - Institutional Advisors |
| Signs of the Times |
| Perspective
We have been watching for credit conditions to deteriorate - enough to prompt the establishment to claim that there are no problems. It took a jump in long-dated rates and a hit to the stock markets to prompt some such defensive claims. The advice to ignore the break and focus on the economy seems naïve. In ordinary conditions the top of the stock market leads the peak in the economy by some 12 months. That is why the S&P is included in the formal list of "Leading Indicators" (numberFriday, February 16, 2018 |
|
 | Rory Hall - The Daily coin |
| Gold and Silver Remain the Best Store of Wealth |
| Some of what Petr Dvoryankin says is simply incorrect. I wanted to present, what appears to be, a desperate attempt to lure more people into cryptos. You do what you want with your funds it is no business of mine, but gold, real physical gold, is not an illusion. What actual value does this – 239357u#@$!#@eiodc – hold? Isn’t that what cryptocurrency is – a string of alphanumeric characters held in a so-called wallet on the internet? Now, if you hold any, pick up a piece of gold or silver – of thThursday, February 8, 2018 |
|
 | Dave Kranzler - Sprott Money |
| Toxicity Plus Toxicity Does Not Equal Purification - Dave Kranzler |
| Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’ – Francisco’s “Money” Speech – from “Atlas Shrugged”
You have to love it – the City of Houston issues $1.01 billion “pension obligation” bonds to “ease” the underfunding of the underfunded public pension fund. “Pension underfunding” is the politically acceptable euphemism for “debt obligation.” Underfunding occurs when aThursday, January 4, 2018 |
|
 | George F. Smith - Barbarous Relic |
| You’re the Fed chairman — now what |
| What follows is shameless self-promotion.
In 2008 I self-published The Flight of the Barbarous Relic, a novel about a renegade Fed chairman named Preston Mathews. On a stormy Halloween night Mathews does a Friedman helicopter drop from the cockpit of his biplane over the fictitious town of Morrisville, Virginia, then flies to his nearby farm and plows his two-winger into the ground at the foot of his barn. For months Mathews had spent weekends painting a mural on his barn that depicted the Wednesday, December 20, 2017 |
|
 | Jesse - Le Cafe Américain |
| Stocks and Precious Metals Charts - |
| This will be a holiday shortened week in the US markets for the national holiday of Thanksgiving on November 23.
Trading will be light this week, especially after noon tomorrow. Plenty of room for the usual trading hijinks and shenanigans.
Gold and silver were smacked down this morning in light trade, the dollar rallied, and the VIX dropped.
In days gone by they used to expect a 'Thanksgiving rally' in stocks. We may or may not see that again, although in this thin trade I would not beTuesday, November 21, 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 internatioSaturday, November 18, 2017 |
|
| Sprott Money |
| The Triumph of Collectivism - Jeff Thomas |
| The French Revolution began in 1789. Maximilien Robespierre was one
of its most eager proponents. An extreme left-winger, he sought a
totalitarian rule that claimed to be “for the people” (echoing the
recently successful American revolution), but in reality was “for the
rulers.” He in turn inspired Karl Marx, author of
The Communist Manifesto.
Both Robespierre and Marx had been well-born and well-educated, but
rather spoiled and, as young adults, found that they had no particular
talentThursday, November 9, 2017 |
|
 | Deepcaster |
| Profit, Protection, Despite Cartel Interventions—November 2017 Update |
| Governments love [the war on cash]. Then they can control you...we are not going to have as many freedoms as we have now ...get prepared because we're going to have the worst economic problems we've had in your lifetime or my lifetime and when that happens a lot of people are going to disappear.“…the next time aroWednesday, November 1, 2017 |
|
| Mac Slavo - ShtfPlan |
| Federal Bureaucrats Have Millions Of Dollars Worth Of Guns And Ammo, Whom Are They Planning To Battle |
| During the last two years of the Obama administration (Fiscal Year 2015 – 2016), law enforcement agencies such as the Department of Homeland Security spent $138 million on new guns and ammunition. But what’s strange, is that $20 million was spent on guns and ammunition for federal bureaucrats.
Four notable examples of paper pushers and bureaucrats arming up, according to Forbes, are as follows:
1) The 2,300 Special Agents at the Internal Revenue Service (IRS) are now carrying AR-15’s, P90 tactiWednesday, October 25, 2017 |
|
 | Chris Powell - GATA |
| Why central banks disagree with Gary North about gold |
| In his essay this week, "The Case Against Gold as a Central Bank Asset" --
https://www.garynorth.com/public/17271.cfm
-- the economic historian and libertarian financial writer Gary North argues that central banks should get rid of their gold reserves.
North writes: "What can the governments do with the gold? It's useless to them. They don't sell it. I wish they would sell all of it."
But of course central banks and governments do sell gold. They "lease" it too, insofar as they at least put golSunday, October 22, 2017 |
|
 | Alasdair Macleod - Finance and Eco. |
| Oil for gold – the real story |
| Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an oil exporter to China contracting to accept yuan could use these two futures contracts to take delivery of physical gold in payment for oil.I was quoted in that article as follows:"It is a mechanism which is likely to appeal toSunday, October 15, 2017 |
|
 | Mark O'Byrne - gold.ie |
| Young Guns of Gold Podcast – ‘The Everything Bubble’ |
| – Precious Metal Roundtable discuss gold in 2017 and outlook
– Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets
– “People are expecting too much from gold”
– Economy: Inflation indicators, recession on the horizon, global debt issues
– Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold
– “First monetary inflation, then asset inflation, next is price iThursday, October 12, 2017 |
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