Nov 14 2024
Here’s one, just in case you’ve forgotten: All right, it’s a little glitchy. However, it illustrates a critical relationship: the one between the size of the money supply and the value of the dollar. What’s that you say? The chart doesn’t graph those things? Ah, but it does! The size of the …
Nov 12 2024
Nasty habits usually come with their own punishments. My nasty habit is talking about money. Not how to make oodles of it; that’s an arcane art. At any rate, I haven’t mastered it. No, I talk about the nature of money, and why it’s no longer with us. I shan’t repeat the litany …
Oct 22 2024
Let’s talk about money: Well! If the subject is money, is there really more to say than that? Frankly, yes. Relax, Gentle Reader. I’m not about to quote Francisco D’Anconia at you. But he did have a point or two, especially this one: the first thing looters and totalitarians go after, when …
Oct 18 2024
Gold is tearing through every threshold anyone has proposed for it. Americans smart enough to hold some physical gold should not take this as a reason to sell their holdings. Speaking for myself alone, if I had any unemployed cash just now, I’d be buying. But more to the point, the steady increase …
Sep 24 2024
Courtesy of David DeGerolamo, we have this: Gold… Today, another NEW record high in US dollar terms. In other words, The dollar is getting debased rapidly vs. gold. — Gold Telegraph ⚡ (@GoldTelegraph_) September 23, 2024 And it is so. The awareness of that debasement (which is a synonym for inflation) has driven …
Sep 13 2024
Gold is flying: $2577.80 / Troy oz. Silver is as well: $30.58 / Troy oz. Platinum, palladium, and rhodium are all up sharply. Copper’s moving, too, albeit more gently. Would you like to know why? Just go here. The aggregate federal debt is now $35.3 trillion. That seriously exceeds …
Sep 03 2024
…and I did: A conservative estimate holds that there are 240 billion pennies lying around the United States — about 724 ($7.24) for every man, woman and child there residing, and enough to hand two pennies to every bewildered human born since the dawn of man. (To distribute them all, in fact, we’d …
Aug 28 2024
Save only real wealth. — John A. Pugsley Pugsley’s book The Alpha Strategy is one of the wisest pieces of financial advice ever penned. It’s also entertaining and hilariously funny, by turns. And now you can read it for free, at the link above. Since I retired, I’ve been unable to afford …
Aug 24 2024
I know, I know: the title “gives the game away.” And it does. But perhaps not in its entirety, Gentle Reader. I restrained myself from applying the title I really wanted to use. Breck Dumas of Fox News tells us: It takes more to be viewed as rich in the U.S. this …
Jun 17 2024
Three years back, Elon Musk was briefly in the news for this statement: “Goods & services are the real economy, any form of money is simply the accounting thereof.” That tweet was absolutely correct…but it displeased a lot of less savvy types, including a few who argued that Musk’s statement was tantamount …
May 04 2024
And you won’t believe the crap he spouts, or how he stammers and misdirects: Time was, even a schoolchild knew what money is: money n: a medium of exchange and a store of value. I was taught that before I could write a check. Note the and in the definition. Money must …
Mar 06 2024
This bit of news rang a bell for me: LEXINGTON, Ky. (WKYT) – A Senate bill introduced on Tuesday would prohibit businesses from refusing cash-only payments. […] Senate Bill 306 has not been assigned to a committee yet. [Steve] McClain said the Kentucky Retail Federation will be closely monitoring it. …
Sep 28 2023
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 …
Sep 12 2023
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
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
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
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
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
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
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 …
