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 | Thorsten Polleit |
November 15, 1923: The End of German Hyperinflation  |
| On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: TheReichsbank, the German central bank, stopped monetizing government debt, and a new means of exchange, theRentenmark, was issued next to thePapermark (in German:Papiermark). These measures succeeded in halting hyperinflation, but the purchasing power of thePapermark was completely ruined.Sunday, November 22, 2020 |
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| Thorsten Polleit |
 The Fiasco of Fiat Money  |
| I. Today's worldwide paper-, or "fiat-," money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine.
Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads tooverindebtedness; it corrupts society's morals; and it will ultimately end in a depression on a grand scale.Saturday, July 11, 2020 |
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 | Alasdair Macleod - Finance and Eco. |
| How quickly will the dollar collapse |
| This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the dollar’s primacy will be challenged by the yuan as the pricing medium for energy and other key industrial commodities. After all, the dollar’s role as the legacy trade medium is no longer appropriate, given that China’s trade is now driving the glThursday, January 4, 2018 |
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| Aubie Baltin |
| Buy Gold Wear Diamonds! |
| "We inflate our paper currency, we repair commerce with unlimited credit, and are presently visited with unlimited bankruptcy." - R.W. Emerson, The Young American, 1844
Joseph Goebbels was Germany’s Minister of Propaganda from 1933 to 1945. He once said that if you tell a big enough lie and keep repeating it, people eventually come to believe it.
World governments, together with their media lackeys, seem to have taken Goebbels’ comments to heart. They omit facts and distort the truth to suit tMonday, January 19, 2015 |
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 | Mish - Global Economic Analysis |
| Russia Under Attack: Letter from CEO of Genoil to CEO of JPMorgan Chase on US Foreign Policy Blowback |
| Just a few days ago, president Obama made the farcical claim Putin Hasn’t ‘Rolled Me,’ Economic Sanctions on Russia Have Worked.
In an interview with CNN, the president said economic sanctions on Moscow are working, crediting the American-led effort with a downturn in Russia’s economy and the decline of its currency. Even though Russia has yet to pull back from its aggressive posture in Ukraine, Mr. Obama denied that his policy has been ineffective, saying that his slow and steady course is beTuesday, December 23, 2014 |
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 | Nathan Lewis - New World Economics |
 Explaining "Freaky Friday" -- How the Gold Guys Became Their Own Worst Enemies |
| I
noted before a rather strange oddity: that most
self-proclaimed “gold standard advocates” actually label the
monetary arrangements of the 1925-1931 period as a major cause of
the Great Depression.
Oddly enough, the Keynesian Mercantilists generally do not. They
claim an “inherent instability of capitalism” that requires
government oversight and intervention, including funny-money
currency manipulation by an unelected board of central bank
bureaucrats.Monday, June 23, 2014 |
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 | George F. Smith - Barbarous Relic |
| Is sound money an unsound idea |
| Governments hate sound money.Even worse, people hate sound money.Governments hate it because it puts severe limits on what governments can do.People hate it because it would mean taking responsibility for their own lives, relying on their resourcefulness instead of the government.Sound money can’t be printed, and governments that can’t print can’t buy as many votes.They tend to let the chips stay where they fall.
On a free market sound money is democracy in action. As Mises wrote, it is the mThursday, March 27, 2014 |
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| Thorsten Polleit |
| 90 Years Ago: The End of German Hyperinflation |
| On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: The Reichsbank, the German central bank, stopped monetizing government debt, and a new means of exchange, the Rentenmark, was issued next to the Papermark (in German: Papiermark). These measures succeeded in halting hyperinflation, but the purchasing power of the Papermark was completely ruined. To understand how and why this could happen, one has to take a look at the time shortly beforeFriday, November 15, 2013 |
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 | The Gold Report |
| Leonard Melman: Are You Prepared for Hyperinflation |
| As looming inflation, currency wars and a possible run on gold threaten to derail markets, Leonard Melman, author of The Melman Report, is setting his sights on the midtier and near-term producers that he wants to scoop up when the blood is in the streets. In this interview with The Gold Report, Melman explains why gold, silver and the companies bringing them out of the ground could do very well in the second half of 2013.
The Gold Report: You recently Wednesday, March 6, 2013 |
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| Alasdair MacLeod - Goldmoney |
| My kind of town (Chicago) |
| Quite a bit of media attention has been devoted recently to a working paper by two International Monetary Fund economists that re-examines the “Chicago Plan”. First put forward by University of Chicago economists in 1933,this proposal calls for the abolition of fractional reserve banking and the replacement of bank credit with government money in order to do away withc redit-induced business cycles.Monday, November 5, 2012 |
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| Crisis Watch - Goldmoney |
| My kind of town (Chicago) |
| Monday, November 5, 2012 |
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 | Adrian Ash - Bullion Vault |
| Back to school with a bump |
| Wednesday, September 9, 2009 |
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| Gold - Bullion Vault |
| Back to school with a bump |
| Wednesday, September 9, 2009 |
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| Gold - Bullion Vault |
| Back to school with a bump |
| Wednesday, September 9, 2009 |
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 | Eric de Carbonnel - Market Skeptics |
| Euro Is Not Going To Crash |
| Wednesday, February 18, 2009 |
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| Gold - Market Skeptics |
| Euro Is Not Going To Crash |
| Wednesday, February 18, 2009 |
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| Silver - Silveraxis |
| Default Our Way Out of the Mess |
| Thursday, October 23, 2008 |
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| Rick Ackerman |
| If Gold Hits $5K, Would You Sell |
| Monday, October 13, 2008 |
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