Sierra Madre Precious Metals

Gold Money Is the Root of All Good; Paper Money Is the Root of All Evil

~ A Blueprint for a New Gold Coin Standard ~

July 1, 2002 ~ Millions of people who have read Ayn Rand’s 1957 monumental work “Atlas Shrugged” must have been impressed by an insert that could be entitled “Hymn to Money”. This insert is buried in the 1600 pages of the novel and is difficult to find. However, it is a self-contained literary masterpiece in its own right. For these reasons it may be a good idea to publish it separately.

Some remarks may be in order. Ayn Rand uses the word “money” in the sense of gold money. This may not be in line with current usage, but it is certainly correct etymologically. The English word “money” is derived from the Latin moneta, meaning “forewarner”, epithet of the goddess Juno. Her temple on the Roman Capitolium doubled as the Mint where the gold and silver coins of Rome were struck. Continue reading →

“Long before we wake up from our dream of prosperity through an inflated currency, our gold, which alone could have kept us from catastrophe, will have vanished and no rate of interest will tempt it to return.” ~ U.S. Senator Elihu Root (R-NY) 1913

Puck cartoon of Senator Nelson Aldrich circa 1906

October 17, 2019 ~ The Federal Reserve Bank has been a bone of contention, since our nation’s founding. This rogue agency has proven itself to be the evil entity that many early American leaders believed it to be, but not one word on the Fed was forthcoming, when Congresswoman Maxine Waters announced the schedule of the House Financial Services Committee on October 3rd, after the Federal Reserve Bank started transferring billions of dollars into the Repurchasing Market on September 17th. This activated its proposal to hand seventy-five billion dollars a day to unnamed banks on Wall Street, until November 4th, the first such intervention since the 2008 economic collapse and the bailout of financial organizations deemed “too big to fail”; and, it is just one more criminal act in a long line of abuses committed against all America. Continue reading →

August 12, 2015 ~ The conventional wisdom is that no other currency in the world can support the global bond market save the US$ Toilet Paper Money. Therefore, we cannot do without the US$ toilet paper money!

The so-called experts in economics, including the Nobel Laureates are always reciting the mantra of the global central banks led by the FED and the Bank of England (BOE) that the US$ Toilet Paper Money is indispensable to global monetary liquidity because it is the anchor of the global bond market, specially the US Treasury bonds.

Such is the accepted wisdom of the so-called wise men and women of global finance. Continue reading →

On August 15, 1971, President Richard Nixon interrupted Sunday night television to make an announcement that would quietly reshape the entire global financial system. Without a single vote in Congress, without consulting America’s allies, and without any public debate, Nixon severed the last link between the U.S. dollar and gold — ending the Bretton Woods system that had governed international finance since World War II. Continue reading →

1913 changed America forever. The Federal Reserve. The federal income tax. The direct election of senators. In just ten months, three structural changes rewired how money, power, and representation worked in the United States.

This episode follows the documented story behind that transformation — from the secret Jekyll Island meeting in 1910 to the legislation that reshaped American life by the end of 1913. Continue reading →