Thursday, October 27th, 2016 MST

The fiat dollar and the de-industrialization of America

I highly encourage you to read the latest interview with Hugo Salinas Price.  Mr Price is a retired billionaire who made his fortune via a chain of appliance stores in Mexico.  He is also a tireless advocate of sound money.  His plan to reintroduce silver as a competing currency in Mexico would make it the most sought after money in the world bar none. It is well worth your time to understand the details of how he proposes to do this. 

Buy the dips; it’s a long-term bull market

Despite recents price declines, gold and silver remain in long-term bull markets. The primary driver of prices is the expansive monetary policy of the US since President Nixon closed the gold window in 1971. Having absolutely no links to gold enabled the Fed to create trillions of dollars in the wake of the panic of 2008. Massive monetary inflation is followed by massive price inflation.

Ron Paul T-Shirts

Political pundits remain amazed at 76-year old Ron Paul’s appeal to America’s youth. When he goes to college campuses, students show up in groves. A couple of years ago, his flight from Houston to Phoenix was weather-delayed for hours, but when he arrived at ASU thousands still waited to hear him speak.

Gold, Peace and Prosperity

In the GOP presidential debates, when Ron Paul talks about economics he is a giant among pygmies. None challenge him. The best his opponents can come up with is to rail about the need to balance the budget. But, when he brings up the issue of the business cycle, the other candidates look like they want climb under the podium. Further, no moderator has ever sought to question his economic positions.

More BS from the BLS

In 1954, Darrell Huff wrote his classic book How to Lie with Statistics, which covered many popular ways people use and abuse statistics to make them say anything they want.  Well, it appears that our good friends at the Bureau of Labor Statistics (BLS) are no stranger to these techniques.  Last Friday they released their

Central bank gold storage

The issue of where a central bank stores its gold remains on the forefront. The Dutch people want to know where the Dutch gold is stored.  Venezuela called home some 160 tons that previously was held in the US, London and Canada.  China has made it clear where its gold is to be with the

Fractional reserve banking explained

Fractional reserve banking is one probably the least understood aspect of money; further misunderstood is how fractional reserve banking—when it is used to expand the money supply—impacts our economy and causes the business cycle, which, if it runs to extremes, results  in recession at best, depression at worst. People who want to protect savings and

Page 22 of 45« First...10...2021222324...3040...Last »