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Category Archives: The History of it All
32¢ on the Dollar and Getting Screwed Faaaaaast!
Originally published on the Federal Observer, April 21, 2009. Maybe it’s coming ’round again. ~ J.B. You spend your entire adult life living life the right way. You buy a car on ‘time’, you pay your debt. You get retail … Continue reading
Smith: How the Bankers Outfoxed the Politicians
Since the job that was actually assigned to [the Fed] by Congressman Carter Glass back in 1913 is now vestigial and long gone, and the financial system has been flooded with massive liquidity for decades on end, it might well … Continue reading
Borrowing From Peter to Pay Paul…
…The Wall Street Ponzi Scheme Called Fractional Reserve Banking December 12, 2019 ~ Bernie Madoff showed us how it was done: you induce many investors to invest their money, promising steady above-market returns; and you deliver – at least on … Continue reading
The Case for a 100 Percent Gold Dollar
To advocate the complete, uninhibited gold standard runs the risk, in this day and age, of being classified with the dodo bird. When the Roosevelt administration took us off the gold standard in 1933, the bulk of the nation’s economists … Continue reading
Preface ~ The Case for a 100 Percent Gold Dollar
Introduction ~ What you are about to read is one of the most interesting commentaries by Murray N. Rothbard that I have been priviledged to read AND to share read – however – what I am posting this evening – … Continue reading
How Genghis Khan Is Driving Your Grocery Bill Higher
Over eight hundred years ago, in what is now northwestern China, the Uyghur people – long before they were carted off to internment camps by the Communist Party – ruled their own independent kingdom, known as Qocho. Then, in the … Continue reading
What is Money?
Money is supposed to be representative of all the goods and services that the country has produced in an entire year. A “buck” is referred to as a “buck” because in the early days of American money, a dollar was … Continue reading
How Governments Killed the Gold Standard
The historical embodiment of monetary freedom is the gold standard. The era of its greatest flourishing was not coincidentally the 19th century, the century in which classical liberal ideology reigned, a century of unprecedented material progress and peaceful relations between … Continue reading
The Future for Fiat
The day of reckoning for unproductive credit is in sight. With G7 national finances spiraling out of control, debt traps are being sprung on all of them, with the sole exception of Germany. Malinvestments of the last fifty years are … Continue reading
