Author Archives: admin

Rome: Money, Mischief and Minted Crises

When it comes to currency, don’t do as the Romans did… Ancient Rome wasn’t built in a day, the old adage goes. It wasn’t torn down in a day either, but a good measure of its long decline to oblivion … Continue reading

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Copernicus on the debasement of money

“Although there are countless scourges which in general debilitate kingdoms, principalities, and republics, the four most important (in my judgment) are dissension, [abnormal] mortality, barren soil, and debasement of the currency. The first three are so obvious that nobody is … Continue reading

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The Brains Behind AOC Alexandria Ocasio-Cortez

“She isn’t even in the room!” 

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President Grover Cleveland ~ The Repeal of the Silver Act

Message on the Repeal of the Sherman Silver Purchase Act August 8, 1893 ~ The existence of an alarming and extraordinary business situation, involving the welfare and prosperity of all our people, has constrained me to call together in extra … Continue reading

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Why Marx Loved Central Banks

In his “Manifesto of the Communist Party” (1848), published together with Frederick Engels, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely … Continue reading

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Ass-essment

I wonder if all the newsletter folks…Bix, David “Silver Gorilla” Morgan, Jim “Golden Asshole” Wiley, Lynette Zang and the rest…throw big parties at the end of the year…to count their newsletter money (green paper, fiat money) and have a good … Continue reading

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Here’s What an American Economic Collapse Could Actually Look Like

(And How It May Be a Lot Different Than Folks Expect) When we think of “economic collapse” our imaginations usually lead us immediately to the desperation we’ve witnessed in places like Venezuela or Greece. We think of starvation, a complete … Continue reading

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Thanks to Their Student Loans, Millennials Expect to Die in Debt

Adulting, the now common idiom, is hard. And to many millennials, the grim realization that debt will always be part of their lives is not making it any easier. In some cases, their debt load is so soul-crushing they expect … Continue reading

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I, Interest Rate

Interest rates simply reflect the truth; and it is a very sad day when telling the truth can foster such ill will. It is often said, “Don’t kill the messenger,” but that is precisely what everyone seems to want to … Continue reading

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Times a-Changin’ – But Gold Permanent

Long term holders of gold have a different perspective of the world. They are not believers in instant gratification. Nor do they believe that a world based on money printing and debt can create sustainable wealth. They also know that … Continue reading

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