Category: money and currency

Trial Balloon Warning

     It’s almost a pity people have stopped watching CNN. That makes it far too easy for the network to slip something like this past us:      London (CNN Business) – People are paying a lot more for food, gas, cars and services, and inflation isn’t over yet as the pandemic continues to distort the …

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Revolutions Without Bloodshed Part 1

     They’re rare.      The State that finds its hegemony threatened almost always responds with violence. Violence, after all, is the State’s stock in trade. It’s the characteristic method of rulers to use force and violence to work their wills upon us. In the majority of cases, they could get their way in no other …

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From The Smoke-Filled Rooms (UPDATED)

     “Control the coinage and the courts. Let the rabble have the rest.” – attributed to Shaddam IV, Padishah Emperor of the known universe at the time of the rise of Paul Atreides a.k.a. Muad’Dib      It’s been a while since that image was used as a metaphor for the machinations of central bankers. I’m …

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“We Can Afford To Spend As Much Of Your Money As We Like.”

     Listen as a top Congressional Democrat tells you exactly that:      On Thursday’s broadcast of CNN’s “OutFront,” House Budget Committee Chairman John Yarmuth (D-KY) said that $3.5 trillion in spending under the reconciliation bill “is pretty inconsequential when you consider all the benefits to the American people,” and “The federal government can afford anything …

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Something To Tell The Minimum-Wage Cranks

     The following is a table of minimum wage levels, set by Congress, alongside another figure whose meaning I’ll withhold for now: YEAR Federal Minimum Wage Per Hour ??? 1964 $1.25 $0.90 1970 $1.00 $1.50 1980 $3.10 $14.05 1990 $3.80 $3.80 2000 $5.15 $4.15 2010 $7.25 $27.70 2020 $7.25 $23.90      Did you know the …

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Dedication To Reality

     Reality, it was once said, is all the stuff that, when you stop believing in it, doesn’t go away. That’s as good a definition as any, considering that defining reality is essentially impossible. To define is to limit: to say that “an X is this and not that.” It is inherently exclusionary…but what can …

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The Nature of Money and Currency

     Being an old fart, my education included a few items that are, let us say, no longer deemed suitable for dissemination to the impressionable young. However, had those young folks been exposed to a few of those items, quite a lot of our current miseries might well have been averted.      Two of those …

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