RSSCategory: Category: Money & Currency

Gold And Silver – The US Dollar Does Not Exist

Gold And Silver – The US Dollar Does Not Exist

Despite another so-called “smash down” of gold and silver, having an awareness of the direction of the trend, as we have been advocating for the past few years, one cannot be surprised by the drop as much as one can be verily surprised by the extent to which the central bankers have had such a relentless stranglehold on gold and silver, and it appears that they have not yet finished playing their manipulated hand.

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Gold & Silver Money Has Devolved Into Debt and Plastic

Gold & Silver Money Has Devolved Into Debt and Plastic

Years ago gold and silver were money. Physical coins were replaced with gold and silver certificates. Those certificates were replaced with “Notes” or debt of the U.S. government issued by the central bank. Those notes have largely been replaced by more ephemeral digital debts in the form of credit card debt, debit accounts, checking accounts, short term debts (T-bills), longer term debt and derivatives of those debts. The intrinsic value of those notes and debt instruments is minimal – they are accepted because they are accepted, UNTIL THEY AREN’T. When that day arrives, we will wish we still used gold and silver as money.

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Why The Texas Gold Depository Is Important

Why The Texas Gold Depository Is Important

Texas Governor Greg Abbott signed HB 483, authorizing a state depository for gold (and other precious metals) and a payments system. This bill kicks two roadway barriers to the curb: a lack of infrastructure for gold payments, and widespread distrust.

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Missing Gold, Unpayable Debts, Financial Crises, Bail-outs and Bail-Ins …

Missing Gold, Unpayable Debts, Financial Crises, Bail-outs and Bail-Ins …

To Congress and the Administration: Give Bail-UPS and Bail-DOWNS a chance. Clearly bail-outs and bail-ins have been problematic, so let’s progress in a new direction that benefits taxpayers and debtors.

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Greece Needs Money? Money DOES NOT EXIST!

Greece Needs Money? Money DOES NOT EXIST!

What one will ultimately conclude is the realization that there are no lawful dollars circulating in the United States, today. They were removed from circulation by the Federal Reserve and destroyed during the 1920s and 1930s. At one time, Federal Reserve Notes were specie-backed, just like real United States Notes that were backed by silver and gold.

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How Is Gold Impacted By Runaway Debt?

How Is Gold Impacted By Runaway Debt?

So how would any of this debt ever be settled were it called in tomorrow? The U.S. currently holds “only” 8,133.5 tonnes of gold in its reserves, a significant decline from the all-time high of over 20,000 tonnes in the 1950s. This amount calculates to about $340 billion—nothing to sneeze at, but a far cry from the current U.S. debt level. It’s unlikely that gold will ever reach $33,900 per ounce but the fact that supply has not kept up with debt levels suggests that prices might very well rise.

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When Will US Debt Hit the Wall?

When Will US Debt Hit the Wall?

Assuming that revenue increases 4.6% per year, public debt increases 14% per year, and that a maximum of 1/3 of revenue can be used for paying interest, the blended interest rate in 2030 cannot exceed 2%. This tiny exercise tells me that western economies are accelerating toward a wall, there are only a few years or perhaps a decade or two remaining before a major reset must occur, and that the time for delusional thinking is nearly gone. What have you done to prepare for when one or many western economies “hit the wall?” Gold and silver might be better answers than devaluing currencies, overpriced bonds, or levitated stocks.

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Texas Gives Wall Street Bankers the Gold Finger

Texas Gives Wall Street Bankers the Gold Finger

The story will bear close watching as HSBC and the New York Fed prepare for Texas to take actual delivery down the road. Texas’ gold holdings are reported to now total $1 billion in value. If those gold bars have been surreptitiously leased out, pledged, hypothecated or even sold, then we could see a major scramble when the time comes.

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Gold Bashers – Just For You!

Gold Bashers – Just For You!

There is no shortage of negative commentary on gold and silver. A quick google search will produce headlines which make that point. Not all objections and criticisms of gold are intellectually honest – they slant the narrative to support their bias in favor of the status quo, stocks, bonds, and central bank issued currencies, such as Federal Reserve Notes. The dishonesty is understandable since gold is often viewed as an anti-dollar and gold prices sometimes function as a check on the excessive debt creation.

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The War on Cash – Excellent Speech

The War on Cash – Excellent Speech

The War on Cash is real, and it will intensify. Here to explain is Dr. Joe Salerno, who spoke on the subject at the recent Mises Circle event in Stamford, Connecticut.

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Addicted To Debt, Deficit Spending, and QE

Addicted To Debt, Deficit Spending, and QE

Central banks and governments created this addiction – addicted to debt, deficit spending, and Quantitative Easing. Consider the upcoming pain for most people, governments, markets, and pension plans if the drug is removed and we suffer the withdrawal symptoms.

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When Gold Does Beat Paper

When Gold Does Beat Paper

Negative interest rates, cash ban, gold ban, private cash hoarding, cash hoards under Swiss soil – these are all concepts we would have considered figments of a sci-fi writer’s imagination not long ago. Come what may, it will not be easy: neither for the interventionists and control freaks trying to keep a lid on the consequences of their own doings, nor for the people trying to lead a normal economic life without massive restrictions.

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How To Mimic China’s Profitable Gold Strategy

How To Mimic China’s Profitable Gold Strategy

The strategy that China has taken in the gold market can also be implemented by individual investors, by focusing on specific gold companies who – in the midst of a commodities bear market and global currency war – are out acquiring already-established gold assets.

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Suicidal Credit-Based Money System

Suicidal Credit-Based Money System

Governments and central banks have been able to “extend and pretend” by printing a few $Billion or $Trillion to keep the system working, which maintains the money flow to the political and financial elite. The elite are purchasing elections, legislation, and votes, and for this they expect to receive benefits from their investments.

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