In the 19th century, notes Murray N. Rothbard, debates on monetary issues were highly public and intensely controversial. Do you favor the national bank? The gold standard? Bimetallism? What is your opinion of the free silver movement? What is most important: a highly liquid money stock that can prop up commodity prices, or a sound dollar that promotes thrift and discourages debt accumulation?
Should the monetary system reward debtors or creditors?
These were issues debated in the nation’s newspapers, discussed in political meetings, and raged on the streets. Every educated man had an opinion. Part of the reason is that, frankly, people were much better educated in those days. It is astonishing to think of today, but average people had the mental equipment to enable them to understand these complicated issues, if not always to arrive at the right conclusions.
The federal government had long been involved in money precisely because this is one of the first areas a government likes to get its grubby hands on when it takes power. The US government was no exception, despite constitutional provisions that would appear to restrict its monetary power. Continue reading
Policymakers have a terrible habit of ‘solving’ problems by pretending they don’t exist. This is how they ‘solved’ the bank crisis last year. But as I point out below, the fundamental problems didn’t go away. And now that the Fed stopped pretending, we already have our first bank failure.
Will the Second-Most Powerful U.S. Bank Finally Explain Why It ‘De-Banks’ Christian Customers?
What you are about to read, takes me back to the year 2000, as I studied and compiled information and data for weeks in preparation for another of my lengthy broadcast marathons – one which in fact was eventually presented as an eight hour series. In addition to that, it was in fact a “Sequel” to a previous six-hour series, “All the King’s Men,” which told the TRUE story of the 1929 Stock Market Crash, which thrust America into the Great Depression.
I know you, like me, have parents or grandparents that lived through the Great Depression and will never forget it. Ever since, they saw saving money as absolutely essential. This was even more true for my homesteading grandparents whose very survival could come down to a few bills hidden under the mattress during a tough winter month. Yet, by the 1950s, millions of Americans were borrowing billions of dollars to buy everything from toasters to holiday trips.
It has yet to be fully unveiled, but the United States has been 
Nearly 30 years on the radio and serving our customers – that is what we bring you. As no-nonsense experts in the field of wealth preservation and insurance, there are thousands of clients, who have put their trust in the professional advice given these past years. We have long since lost track of how many ounces of gold, silver and platinum products we have delivered into the hands of our clientele.
