04.30.17: Behind the Eight-ball

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The Story of Gold Money, Past, Present and Future
There aren’t a lot of good books about the gold standard — the monetary system of the world until 1971 — after WWI. There aren’t a lot before WWI either, but it starts to get pretty bad after 1920. Ralph Hawtrey’s books have some merits, but they also have too many errors to serve as a definitive source.Gold and the Gold Standard: The Story of Gold… (Continue to full article)

Carthage leather money – 450 BC
Leather bags were used as money in the ancient city of Carthage, where the idea was that rather than make all coins of small amounts of silver, they would make the significant majority completely of cheap alloy, and the occasional one of pure silver… (Continue to full article)

If You Understand History and Economics, You Understand Gold
How can ordinary people ever understand the importance of gold when they are continuously fed with false and distorted facts. The latest publication to publish false and ignorant propaganda on gold is the British weekly magazine the Economist… (Continue to full article)

A Matter of Mercy
A patient calling itself The United States wandered into the emergency room disoriented, wearing a filthy warm-up suit, claiming it was “the greatest” this and that… but was unable to complete the nine-page admission protocol or present valid insurance ID. Patient is growing increasingly violent, threatening staff and other patients….Nations…… (Continue to full article)

Hyperinflation around the Globe
Angola (1991-1999)Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform,… (Continue to full article)

Long-term price targets are meaningless
Many commentators like to speculate on where the dollar-denominated gold price is ultimately headed. Some claim that it is destined to reach $3,000/oz, others claim that it won’t top until it hits at least $5,000/oz, and some even forecast an eventual rise to as high as $50,000/oz. All of these forecasts are meaningless… (Continue to full article)

Wages, Productivity, and Inequality
“Inequality is a euphemism, a kind of shorthand, for all of the things that have gone to make the lives of the rich so much more delicious, year on year, for the last three decades. And also for the things that have made the lives of working people so wretched and so precarious in that same time. This word inequality. It’s visible in the ever rising… (Continue to full article)

All Paper is STILL a short position on gold
The gold derivatives pyramid is a vigorous free market creature. It cannot be put down with a simple declaration that the paper is no longer redeemable in gold, as governments did with currency. It is a short selling scheme that has become a trap from which few short sellers will escape… (Continue to full article)

Watch money if you want to know when a society …
“If you want to know when a society vanishes…watch money. Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of moral existence… (Continue to full article)

Central Banks’ $13 Trillion Problem
Central banks began buying debt eight years ago. Now they own $13 trillion of it. Hey, it was fun, wasn’t it? Now all they have to do is sell it… (Continue to full article)

What Is A “Legal Tender Law”? And, Is It A Problem?
What is a legal tender law?Over the years, there has been some discussion about “legal tender laws” in the United States. I talked to a legal expert about it, and discovered – as I suspected – that it doesn’t mean quite the same thing as many people think it does. Here is my (non-expert) explanation.The present legal… (Continue to full article)

The Future Of Money, And Wealth Storage
Don’t kid yourself. “Paper PM investments” will be under attack for as long as financial markets function – and thus, even when physical gold and silver inevitably win their war with the purveyors of fraudulent fiat currency and “financial markets”, there’s no guarantee that anything other than the real thing will benefit… (Continue to full article)

Silver and Gold Guarantee Freedom
Silver and gold are not merely valuable commodities, investments, and media of exchange. More importantly, they are key “checks and balances” in America’s legal and political institutions.The fight against the use of silver and gold as money that has been waged by bankers and rogue politicians since the 1870s as to silver and the 1930s as to gold… (Continue to full article)

Why Gold?
The answer to the title question is simply: Why Not? A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)

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