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| Sprott Money |
| Get an Education - Jeff Thomas |
| Back in the ‘60’s, an interviewer asked the
“King of Folk Music”, Bob Dylan what his goal in life was. Bob answered
something to the effect of,
“I
want to make enough money to go to college, so one day I can be somebody.”
Bob had a good sense of irony. And certainly,
he was always more inclined to think outside the box than to follow the
well-trodden path. That was part of what made him so interesting and part of
what made him so successful. A similar sentiment was expressed in a song by hiSaturday, January 6, 2018 |
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| 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 |
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| Sprott Money |
| The Black Market: The Embryonic Free Market - Jeff Thomas |
| In my lifetime, I’ve witnessed five Cubas.
Pre-Revolution, 1952-1958
In the 1950’s, the Cuban people suffered under great oppression from
its military dictator, Fulgencio Batista. The great majority of Cubans
at that time lived in fear and welcomed regime change. That change came
from Fidel Castro and a small band of rebels in 1959. Although the
rebels were poorly armed, poorly trained and were by no means expert
military strategists, they had a distinct advantage: the Cuban people
would gThursday, October 26, 2017 |
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| Sprott Money |
| Three Faces of Bitcoin - Jeff Thomas |
| Whenever we see an image of bitcoin, it’s not presented as a
blockchain, as it should be, but as a gold coin, which it is clearly
not.
Why should this be? Well, many of bitcoin’s staunchest supporters are
libertarians, who revile fiat currencies as being of no intrinsic
value. And they’re correct. Fiat currencies do not pass the Aristotle
test of being durable, divisible, portable and intrinsically valuable.
They, unfortunately, fail badly on the last requirement.
Unfortunately, so does biWednesday, September 6, 2017 |
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| Sprott Money |
| The Dynamics of a Riot - Jeff Thomas |
| In my lifetime, I’ve had the misfortune of being present in two major
natural disasters and one violent social crisis. Each taught me
valuable lessons.
In the aftermath of a natural disaster, there’s the danger of the
loss of shelter, services and food. In most cases, people who experience
the loss of shelter and services realise that “things are bad all
around” and they tend to do the best they can, accepting that life will
be hard for a period of time.
Food is a different matter. People,Monday, July 31, 2017 |
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| Sprott Money |
| An Empire Self-Destructs - Jeff Thomas |
| Empires are built through the creation or acquisition of wealth. The
Roman Empire came about through the productivity of its people and its
subsequent acquisition of wealth from those that it invaded. The Spanish
Empire began with productivity and expanded through the use of its
large armada of ships, looting the New World of its gold. The British
Empire began through localized productivity and grew through its
creation of colonies worldwide – colonies that it exploited, bringing
the wealThursday, June 22, 2017 |
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| Sprott Money |
| For Every Action, There Is an Equal and Opposite Reaction - Jeff Thomas |
| Newton’s third law of motion has proven the test of time, since he
first stated it in 1686. If we were to apply the same concept to
political history, we might say,
A nation that rises to a great height will fall to an equally great depth.
At first glance that seems to be merely clever wordsmithing. However,
historically, it does seem to play out exactly that way. Most countries
tend to ebb and flow as to their prosperity, but those that rise to
great heights, particularly those that rise tTuesday, June 6, 2017 |
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| Sprott Money |
| Raoul Pal Slams Bitcoin: “It’s Not The Store of Value People Thought It Was” - Peter Diekmeyer |
| Raoul Pal, one of the most effective
critics of mainstream economics, is cashing in his Bitcoins. Gold is a better
wealth preservation tool, says Real Vision Television’s co-founder.
Yesterday Pal, who once thought that
Bitcoins could eventually be worth as much as $1 million each, informed Real
Vision Publications subscribers that he was selling the digital currency.
“Bitcoin not a store of value people
thought it was,” he told Sprott Money News, in a telephone interview this
morning fromTuesday, June 6, 2017 |
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| Graham Summer - Gains Pains & Capital |
| Raoul Pal Slams Bitcoin: “It’s Not The Store of Value People Thought It Was” |
| Interested in precious metals investing or storage? Contact usHERE
Raoul Pal Slams Bitcoin: “It’s Not The Store of Value People Thought It Was”
Written by Peter Diekmeyer (CLICK HERE FOR ORIGINAL)
Raoul Pal, one of the most effective critics of mainstream economics, is cashing in his Bitcoins. Gold is a better wealth preservation tool, says Real Vision Television’s co-founder.
Yesterday Pal, who once thought that Bitcoins could eventually be worth as much as $1 million each, informed Monday, June 5, 2017 |
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| Sprott Money |
 The Escape from Collectivism - Jeff Thomas  |
| Recently, I penned an article entitled, “A Chicken in Every Pot,”
which described the reasons why countries that have delved into
collectivism are likely to slide further down the slippery slope, once
it’s addictive qualities have been introduced to the brain.
Since then, I’ve received requests to address whether it’s ever
possible to fully escape collectivism, once it has taken hold in a
country. The short answer is “yes.” It’s always possible to kick an
addiction, but it’s not easy nor wSunday, May 21, 2017 |
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| Sprott Money |
| Selling the Golden Goose - Jeff Thomas |
| Venezuela is a naturally rich nation. It's ranked seventh worldwide
for biodiversity and has the world's largest reserves of oil. This is a
country that deserves, more than most, to thrive. However, as in all
countries, it passes through economic cycles and, when on a downward
curve, would-be leaders take the opportunity to claim that the "greedy
rich" have sent the economy into a tailspin (which can sometimes be the
case) and that the solution is to adopt a collectivist approach to
goverWednesday, April 26, 2017 |
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| Sprott Money |
Creating Another "Crash of 1929" - Jeff Thomas  |
| "Regarding the Great Depression, … we did it. We’re very sorry. … We won’t do it again." - Ben Bernanke, November, 2002
"Waiting too long to begin moving toward the neutral rate could risk a
nasty surprise down the road - either too much inflation, financial
instability, or both." - Janet Yellen, December, 2016
In his speech above, future Federal Reserve Chairman Ben Bernanke
acknowledged that, by raising interest rates, the Fed triggered the
stock market crash of 1929, which heralded in tMonday, April 24, 2017 |
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| Sprott Money |
| The Candlemaker’s Petition - Jeff Thomas |
| French
economist
Frédéric Bastiat was a man far ahead of his time. He was a “classical liberal,” which,
today, would identify him as a libertarian. He expanded upon the free-market
argument set forth by Adam Smith in 1776.
In
1845, the French government levied protective tariffs on scores of items, from
sewing needles to locomotives. The intent was to protect French industries from
companies outside France that could produce the goods more cheaply.
The
reaction from Mister Bastiat
was to Friday, April 7, 2017 |
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| Sprott Money |
| The Dancing Bears - Jeff Thomas |
| In
the early 2000’s, I recommended to associates that we were in for a major gold
boom.
Most thought that this was a
ridiculous suggestion and didn’t buy a single ounce. I continued to recommend
the purchase of gold regularly over the ensuing years, and the price continued
to rise. Only in 2011 did they start to buy, at a time when gold was peaking. We were due for a correction and in 2012, it
arrived.
For
several years, the price has remained in the neighbourhood of $1200 - roughly
the priceMonday, March 27, 2017 |
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| Sprott Money |
| The Sinking of the Lord Clive - Jeff Thomas |
| The image above is the 18th century
home of friends in Colonia, Uruguay. Today, sitting on their back patio on the
Rio de la Plata, I looked out at a small yellow buoy in the harbor that marks
the final resting place of the Lord Clive, a large, 60-gun British warship from
the 18
th century.
In 1763, we British, already at war with Spain,
decided to expand the venture to the New World. The Lord Clive arrived in
Colonia, Uruguay and began firing into the tiny town. With her heavy contingent
of caSunday, March 5, 2017 |
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| Sprott Money |
| Fight of the Century - Jeff Thomas |
| In March
1933, The Enabling Act was passed by the Reichstag in Germany. Its purpose was
to provide Chancellor Adolf Hitler with the ability to bypass the Reichstag. It
allowed him (amongst other measures) emergency powers
to legally wage pre-emptive war without any further parliamentary approval,
or even discussion.
In
January 2017, H.J. Res 10 was introduced to the US House of Representatives.
Its intent was simple and straightforward:
“This joint
resolution authorizes the President to use Saturday, February 25, 2017 |
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| Sprott Money |
| Duesenberg in a Barn - Jeff Thomas |
| In 1929, Ford sold 1,507,132 cars.
Chevrolet sold 1,328,605. Then came the stock market crash. Sales dropped dramatically
each year until 1932, when sales bottomed at 210,824 for Ford and 313,404 for
Chevrolet.
But, during that time, a small new
market came on stream for the two foremost budget brands—the rich.
Although literally millions of people
were hit very hard by the crash, those who had invested wisely retained their
wealth. Those who steered clear of the stock market bubble and/or invesSaturday, February 18, 2017 |
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| Sprott Money |
| When the Money Supply Dries Up - Jeff Thomas |
| In
1944, the US had been the primary supplier for arms for the allies during World
War II and, as such, exited the war with more wealth than any of the other
nations that had entered the war earlier, draining their treasuries of money.
Since payment was largely demanded in gold, the US held three-quarters of the
world’s gold and therefore was in a position to call the shots with regard to
the free world’s economic future.
At
Bretton Woods, the US took advantage of this situation, setting up the Monday, February 13, 2017 |
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| Sprott Money |
| 20/20 - Jeff Thomas |
| In
1978, ABC News created a new programme in the US, named for the “20/20”
measurement of visual acuity. For 38 years, the programme has remained popular,
through its format of in-depth news stories.
20,000
The
20/20 number is itself of significance in the present year’s news events. In
January of this year, the Dow closed above 20,000 for the first time in
history. New President Donald Trump glowed in the event, which many of his
supporters say is due to the expectations of what his presidency Wednesday, February 8, 2017 |
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| Sprott Money |
| Under New Management - Jeff Thomas |
| In 2008, the majority of Americans voted for
“change,” and in some ways, they got it. They received a heavier dose of
collectivism in the form of Obamacare, but in addition, they received an even
heavier dose of “more of the same.”
Mister Obama did not put an end to Guantanamo
as he promised. And, although, he did remove troops from Iraq, he expanded
America’s military adventures overall, invading numerous sovereign nations.
As for his promise to come down hard on the
sworn enemies of democrats Friday, January 20, 2017 |
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