In the same category

A Flight to Sound Money - Fed Attempts Rescue, Leadership Shameless

IMG Auteur
Published : March 24th, 2020
312 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : GoldWire

"Good and bad coin cannot circulate together... and because of this unexampled state of badness all the fine gold was conveyed out of your realm."

Thomas Gresham, Letter to Queen Elizabeth, 1558


“Now, as he [Thomas Gresham] was the first [he wasn't] to perceive that a bad and debased currency is the cause of the disappearance of the good money, we are only doing what is just in calling this great fundamental law of the currency by his name.  We may call it Gresham's law of the currency.   Bad coin invariably and necessarily drives out good coin from circulation.”

Henry Dunning Macleod, The Elements of Political Economy, 1858

No elected body with a fiduciary responsibility, and any remnant of a conscience, should ever hand over a sum like $500 billion for disbursement to corporations to any presidential administration without clear conditions, transparency, and oversight. Especially after the abuses uncovered from the bailouts of the last financial crisis.  But needs must for those with no shame.

Stock futures went limit down shortly after they opened on Sunday night. The Fed threw the kitchen sink at the markets this morning, and managed to hold stocks from falling out of bed completely.

Gold and silver caught a definite bid, as the whiff of monetary mischief permeated the markets.

I read an opinion piece from one of the usual suspects which blames our current state of affairs on the working public for their dissolution and extravagance in wanting to have such things as phones.

This is like a replay of 2008. Or 2002. Well, you get the idea.  Just another round shenanigans from our meritorious elite.

There will be a Comex precious metals option expiration on Thursday the 26th.

This is not over yet, not by a long shot.

The world does not love you, and the madness serves none but itself.

Have a pleasant evening.








<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comment this article
>Follow all commentaries
You must be logged in to comment an article8000 characters max.
Log in or Sign up
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Boomer Elegy
04 AprGypsy
Good Grief James ! You and I are of the same generation, lived absolute opposite lives yet ~ almost ~ came to the same conclusion. I was raised Ba...
Ayn Rand's Hymn To Money
02 Aprgfs543
Thank you, Professor Fekete, for an outstanding tribute to honest money.
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
26 MarJ.
We will have to wait and see. It all comes down to demand. The current glut of supply will probably take a couple of years to clear. After that,...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
22 Marrokdok25
J - surely James' point is that shale oil is fundamentally uneconomic, in the past and certainly in the present. If and when the wheels of industry...
Things Have Changed
18 MarMr. Gnawbone
I enjoyed this article JHK, I been long expecting and have lived a full and beautiful life, but I raised my children to prepare and they are doing ...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
16 MarJ.
JHK - sometimes I wonder if you understand economics. Oil is cheap 'because' demand is down, and supply is way up. So, energy inputs to the ec...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
15 MarThemis0
I suspect Hillary, or her clone, is waiting in the Dem wings.
Like WTF? Gold Crashes with Stocks!
15 MarThemis
What I don't see in this article is a differentiation between the price of paper and physical gold, which I believe to be decoupling.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS