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 | Mark O'Byrne - gold.ie |
| Silver Very Undervalued from Historical Perpective of Ancient Greece |
| – What wages in ancient Athens can tell us about the silver price today
– Wages paid in silver in ancient Athens compared to wages today
– Silver massively undervalued compared to the past few thousand years
The cost of building the Parthenon was 469 silver talents, or about £5.6m.
by Dominic Frisby
Today we look at the wages paid to oarsmen on warships in ancient Athens in 450BC.
I bet you’ve never read a Money Morning that began like that before.
Why on earth would I want to do such a thing?
Thursday, January 28, 2021 |
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 | Keith Weiner - Monetary Metals |
| What makes gold good money |
| People say that gold is rare this is why it makes good money. To make an analogy to the porridge in Goldilocks, the temperature could not be too cold or too hot. If gold were too common, or too rare, it would not work as money. Think of sand, which is too common, or blue diamonds which are too rare (and diamonds would not work as money anyway.
Rather than focusing on its rarity, let’s look at extracting it. It has generally held true that the cost to mine an ounce of gold was around one ounce ofSaturday, January 9, 2021 |
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 | Jesse - Le Cafe Américain |
| The Crash of 1929 - |
| "...people believed that everything was going to be great always, always. There was a feeling of optimism in the air that you cannot even describe today."
"There was great hope. America came out of World War I with the economy intact. We were the only strong country in the world. The dollar was king. We had a very popular president in the middle of the decade, Calvin Coolidge, and an even more popular one elected in 1928, Herbert Hoover. So things looked pretty good."
"The economy was changingThursday, October 29, 2020 |
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 | Frank Shostak |
 Why Wage Growth Is So Weak  |
| The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May.Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time now.
Softer real output growth important reason why hourly earnings remain under pressureAccording to the US Government’s own data, since 2000, in terms of industrial productiFriday, June 19, 2020 |
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 | 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 |
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 | Robert P. Murphy |
| 3 Modern Arguments for Tariffs, Debunked |
| Many proponents of tariffs recognize the absurdity of tariffs as a general rule. However, they feel that there are certain, special cases in which tariffs are justified, and indeed vital to a nation's survival. In this article, I will analyze three such arguments:
I. REDUCE TRADE DEFICIT
Many people believe that a tariff on a specific country's goods is necessary whenever the United States suffers from a high trade deMonday, May 20, 2019 |
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 | Mac Slavo - ShtfPlan |
| Rats, Public Defecation And Open Drug Use: Our Major Western Cities Are Becoming Uninhabitable Hellholes |
| Almost everyone that goes out to visit one of our major cities on the west coast has a similar reaction. Those that must live among the escalating decay are often numb to it, but most of those that are just in town for a visit are absolutely shocked by all of the trash, human defecation, crime and public drug use that they encounter. Once upon a time, our beautiful western cities were the envy of the rest of thFriday, February 15, 2019 |
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| 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 |
|
 | Mish - Global Economic Analysis |
| Burger Flipping Robot Starts First Shift at California Restaurant |
| "Flippy" is now on active duty.
Flippy, a burger-flipping robot, has begun work at a restaurant in Pasadena, Los Angeles. It is the first of dozens of locations for the system, which is destined to replace human fast-food workers.
Flippy is being installed in 50 locations.
Each flippy costs $60,000 and costs $12,000 a year to operate. One Flippy can cook 12 burgers. A worker making $15 an hour, 40 hours a week, working 50 weeks a year would cost $31,200 plus benefits (assuming 2 weeks paid vacatTuesday, March 6, 2018 |
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| Mark O'Byrne - gold.ie |
 Gold $10,000 Goldnomics Podcast Quotations and Transcript |
| In the latest Goldnomics latest podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices.
Watch on YouTube or read the quotations and transcript below.
Dave: Hello and welcome to the Goldnomics podcast where we look at global markets through the lens of precious metals. And you can keep your eye out for new episodes on iTunes, on SoundCloud and also on YouTube and you can like us on Facebook and follow us on Twitter.
And wsoSunday, March 4, 2018 |
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| Mish - Global Economic Analysis |
| Illinois Ponders Pension Moonshot Gamble: $107 Billion Bond Sale |
| What better time than now to borrow $107 billion to invest in stocks? That's what Illinois is actually considering.
Crain's Chicago Business reports Illinois Ponders Pension-Fund Moonshot: a $107B Bond Sale.
Springfield lawmakers are so desperate to shore up the state's massively underfunded retirement system that they're willing to entertain an eye-popping wager: Borrowing $107 billion and letting it ride in the financial markets.
The legislature's personnel and pensions committee plans to meeSaturday, January 27, 2018 |
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| Mark O'Byrne - gold.ie |
| Global Pension Ponzi – Carillion Collapse One Of Many To Come |
| Pension Crisis And Deficit of £2.6B At Carillion To Impact UK Pensions
– Carillion collapses leaving a £900 million debt pile and 30,000 pensions at risk– Carillion PLC share price has collapsed 94% in last twelve months– Private analysis of Carillion’s pension deficit reveals it to be as high as £2.6 billion– Figure adds to the UK’s ongoing pension crisis, both private and state are severely underfunded– UK’s Private Pension Fund already has a levy of £550 million for next twelve months– UK staMonday, January 22, 2018 |
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| SRSrocco - SRSRocco Report |
| U.S. Gold Market Switches From A Surplus In 2016 To Deficit In 2017 |
| The U.S. gold market suffered a net deficit this year compared to a small surplus in 2016. This was quite interesting because U.S. physical gold demand will be down considerably this year. In 2016, total U.S. gold demand was 212 metric tons versus an estimated 150 metric tons this year. The majority of the decline in U.S. gold demand is from the physical bar and coin sector that is down 56% in the first three quarters of 2017 compared to the same period last year.So, why will the U.S. gold maSunday, January 7, 2018 |
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| Mark O'Byrne - gold.ie |
| Spectre, Meltdown Highlight Online Banking and Digital Gold Risks |
| Spectre and Meltdown Highlight Online Banking and Digital Gold Risks
– Critical hardware flaw breaks basic security: risks to online banking & digital assets– Nearly all computers worldwide, smartphones and other devices – exposed to major security risk– Two separate security flaws identified in devices powered by Intel, ARM and AMD chips– Vulnerability known about for six months by tech insiders– Cyber crime represents the biggest transfer of economic wealth in history– Cyber crime damage costsFriday, January 5, 2018 |
|
 | Lew Rockwell |
| The Future of Libertarianism |
| Marxists were notorious for infighting over the most trivial differences. One group would secede from another, reverse the word order of the group it had seceded from, and declare itself the new and pure group. The first group, the new group would declare to the world, was part of the fascist conspiracy to suppress the coming workers’ triumph, even though the differences between the two groups were completely undetectable even to an expert.
An informal debate taking place among libertarians thesMonday, December 25, 2017 |
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| Mac Slavo - ShtfPlan |
| Christmas in Venezuela: What It’s Like After Socialism Destroyed the Country |
| This report was originally published by Daisy Luther at The Organic Prepper
The situation in Venezuela is grim and not getting any better. A socialist government has destroyed what used to be one of the healthiest economies in the world and turned it into something for which few were prepared. As we get ready for the holidays here in America, with our usual spending frenzies and feasts, Christmas in Venezuela is looking a lot different than it did a mere decade ago. Maybe some of the young peopFriday, December 22, 2017 |
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 | Jan Skoyles - GoldCore |
| Buy Gold As Fed Shows Uncertainty And Concern Over Financial ‘Imbalances’ |
| – FOMC minutes show uncertainty and concern about markets are affecting officials’ decision-making
– Officials were cautious when evaluating market conditions and the ‘damaging effects on the economy’
– Worry about ‘potential buildup of financial imbalances’ and a sharp reversal in asset prices’
– Members seem oblivious to impact of inflation on households and savings
– Physical gold and silver remain the only assets for real diversification and safety
After nearly a decade of pumping up the USFriday, November 24, 2017 |
|
 | James Howard Kunstler |
Another One Bites the Dust  |
| If only abortion were retroactive, we could suitably deal with monsters like Senator Al Franken (D – MN), who apparently ventured to apply a breast adjustment to a female colleague asleep on the military airplane winging them home from USO duty in Afghanistan. This was back in the day when Senator Franken was a professional entertainer, a clown to be precise, but his career shift to politics has rendered all his prior clowning anathema.
Will he slink out of the senate in disgrace with (ahem) hisFriday, November 17, 2017 |
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| Mac Slavo - ShtfPlan |
| A Porn Star And Rapper Coolio: Presidential Hopefuls For 2020 |
| A porn star and the rapper Coolio are two of the so-far presidential hopefuls to run against Donald Trump in 2020. And both say their campaign has what it takes to beat the sitting president.
When Donald Trump won the election last year, porn star Cherie DeVille (who’s running alongside rapper Coolio) says she sobbed. “I didn’t cry because I hated [Trump] specifically, I cried because of what I felt that meant for the direction our country was going in.” Like many liberals who saw their world cThursday, November 16, 2017 |
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 | Alasdair Macleod - Finance and Eco. |
| The productivity myth |
| Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst, with the OECD, the Treasury, the Bank of England and Remainers all saying the average Brit’s poor productivity just goes to show how much they need the certain comfort of being in the EU. As Hilaire Belloc put it, we must hold on to nurse, for fear of something worse.Only this week, the OECD came out with a paper repeating its disproved nonsense about the Thursday, October 19, 2017 |
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