This is a very astute observation. It’s a major milestone in the death of a fiat currency when its issuers need to get bribed in a harder money. https://t.co/0l6DRFrTtR — Saifedean Ammous (@saifedean) September 27, 2023 Ponder that! Remember that when the corruptocrats of other countries solicit bribes, they usually demand that they be …
Category: money and currency
Sep 12 2023
Invidious Comparisons Dept.
This story provoked quite a range of reactions from readers. Mine was “Why did ‘they’ wait so long when the danger to ‘them’ is so obvious?” Bank Shuts Down ‘Silver Stackers and Gold Stackers’ Shop’s Business and Personal Accounts An Ohio-based coin shop owner recently took to YouTube to share alarming news: His …
Sep 01 2023
Money And The Processes At Work
Bustednuckles deposeth and sayeth: One of the things that is amazing to me is the gamble the people in charge of the money supply system are taking. They are deliberately killing the dollar as they have run it as far as it will go before it becomes completely worthless, while thinking that they …
Jul 22 2023
Things Predators Like
Predators of all sorts will concentrate where the prey is fattest. — Arne Stromberg, Gallatin University Robert A. Heinlein promoted this concept of a human trichotomy: …and no third category. What follows from that partition is an even simpler dichotomy: You’re either a Maker or a Predator. Anyone who doesn’t get …
Jul 11 2023
Illegal Tender
With all the worrying going on over the ominous prospect of a Central Bank Digital Currency (CBDC), it’s just occurred to me to wonder: What is the state of the legal tender law? We know – hey, it’s printed on every BLEEP!ing Federal Reserve Note – that federally approved physical currency is “legal …
Jul 02 2023
Cash And Stubborn Humankind
Whoever controls the volume of money in any country is absolute master of all industry and commerce. – James Garfield “Control the coinage and the courts — let the rabble have the rest.” – Padishah Emperor Shaddam IV There’s a monitory article at Maura Dowling’s place this morning about the World Economic …
May 15 2023
The Washington Monument Defense, Federal Edition
Our favorite Graybeard has the story: In the last few weeks, there has been almost a constant replay of a topic I’ve written about almost since the first year of this blog: the recurring disappointment of the “debt ceiling”. This wasn’t a topic every year because the debt ceiling isn’t approached every year. …
Mar 29 2023
The Quietest Insurrection
From Kenny “Wirecutter” Lane: Tennessee Gov. Bill Lee signed a bill into law that creates a process for the state to buy, sell, and hold gold and silver. This sets a foundation for Tennessee to achieve more financial independence with gold and silver reserves, and could help undermine the Federal Reserve’s monopoly on …
Mar 25 2023
Money Today And Tomorrow
Good evening, and welcome to the Money Programme. Tonight on the money programme, we’re going to look at money–lots of it, on film and in the studio. Some of it in nice piles, Others in lovely clanky bits of loose change. Some of it neatly counted into fat little hundreds…delicate fivers stuffed into bulging …
Oct 06 2022
Brokers And Their Biases
Our economy knows many middlemen: persons and organizations that stand between the original producer of a good and the ultimate purchaser. These past few years, certain categories of middlemen have come under pressure, owing to the rise of the World Wide Web as a retailing tool. Consider how difficult it is for conventional travel …
Aug 28 2022
Third-Party Forgiveness
Joseph Sobran once composed an instructive parable that went something like this: Davis is listening to Jones speak of some injustice done to him by Smith. Davis waits until Jones runs down, and then says, “Oh, that’s all right. I forgive Smith for what he did to you.” How do you suppose Jones …
Aug 18 2022
Gauges Of Popular Confidence
Today, David Reavill at Independent Sentinel writes about one of the financial mainstays of Americans who pursue home ownership: the 30-year mortgage: For most of us, purchasing our home is the largest single financial transaction we will ever make. It is also a tremendous obligation. As we sign that mortgage loan for the …
May 23 2022
One For The Nerds, The Geeks, And The Dweebs
If you’ve been wary about the cryptocurrencies, you’re in good company – mine. Crypto, regardless of the “brand,” is a mathematical construct implemented in a rule-based system. And a certainty upon which you, I, and everyone can rely is that it will have a vulnerability in it somewhere. Porretto’s Pessimistic Principle of Engineering applies …
Mar 23 2022
Outsourcing Tyranny
Many Gentle Readers are already acquainted with this subject, owing to the rise of cancel culture and the impediments the giants of Big Tech have dropped upon our freedom of expression. Mind you, while there are many persons ready, willing, and able to offer opinions about what should be done, the subject is considerably …
Mar 20 2022
I Try Not To Use Certain Words
Indeed, I try really hard. But sometimes, I can’t resist. Today’s word is inevitable: Analysis of the Russian attack on Ukraine has rightly focused on the strategic, military and humanitarian considerations of the conflict itself. Soon, however, domestic implications will begin to impinge on the geo-political. Maintaining public support will be critical …
Mar 12 2022
Painful Remedial Lessons
If you’ve seen Tucker Carlson’s show of last night — I catch it on YouTube – I hope you paid close attention to his exposition on inflation. The Usurper Regime and their media handmaidens are doing their damnedest to persuade Americans that the cause of today’s inflation, which we experience as price increases in …
Mar 11 2022
If You’ve Been Puzzled By The War on Cash…
…have a brief video from a British subject that will chill your blood: Rogan: “Do you feel like you are sounding the alarm for People that don’t understand what the Fuck is going on?”@MaajidNawaz @joerogan pic.twitter.com/2pJCq3D0K2 — Peter Lardelli (@QuestCovidTruth) February 20, 2022 Could it be any simpler?
Jan 19 2022
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 …
Jan 17 2022
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 …
Nov 18 2021
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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