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| | Frank Shostak |
 Why It's Important to Define Money Correctly |
A quote: "Money is gold, and nothing else" - J. P. Morgan, 1912. There is an important definition within that statement.
Nowadays, many repeat it wrongly, putting the cart before the horse, so to speak, as: 'gold is money'. With this interpretation, so too could Euros, Dollars and all other fiat currencies be classed as 'money', as in 'Euros are money' etc.
So, anything else, other than money, (as de... |
| 11/29/2017 at 6:56 PM |  1  0 Rating : 1 1 Answer | Permalink |
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| | Stewart Dougherty - Stewart Dougherty
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The Gold Industry is in a Deep State of Dysfunction, Delusion and Denial - Stewart Dougherty  (3) |
Just hold on to it - you will win.
A cautionary tale:
I wish, back in the early 90's, when I took out a pension - it was "cast iron, copper bottomed, guaranteed" - with local government, that I had, instead, put it into gold sovereigns - real MONEY.
Today, I would have made a handy profit v. fiat or stocks, and no third party dictating when I may access it. Under the labour government, around 2000,... |
| 7/21/2017 at 1:12 PM | 1 0 Rating : 1 | Permalink |
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| | Adrian Ash - Bullion Vault |
 Bing Bong, Karl Marx Calling!  (1) |
'Pre-World War I' was not so bad, according to my old granddad (now deceased, of course).
No income tax, no passports or security checks to travel abroad, no VAT, no 'terrorism' and they had real, actual MONEY - in gold sovereigns and silver coin to earn, save and spend.
Then came, in 1914, the implementation of the Fed over the water - it's been downhill ever since. |
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| | Tom DiLorenzo - lewRockwell |
Santa Claus Economics  (3) |
The obvious question that occurs to me, from this article, is why doesn't the UN, US, UK and all the usual suspects, not 'intervene on humanitarian grounds' as they have done in many other countries? One concludes that there has already been massive intervention, already.
Mr Chavez had decided, amongst other things, to sell the nationalised oil for gold, instead of dollars - he got mortally sick, not long af... |
| 12/26/2016 at 3:04 PM | 1 0 Rating : 1 | Permalink |
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| | FOFOA - FoFOA |
 Think like a Giant 3  (8) |
| The OP is ahead of his time, concerning 'virtual' money, that is, money in a digital sense. The prime number series for example, is not a human creation, as fiat money is; it exists as a fact of life, whether we are aware it or not. New primes cannot be created out of thin air. Clearly, the technology is not refined yet, but, just as real 'physical' money evolved over mankind's history, the same must happen in t... |
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