Gold is money! Silver is money! Everything else is credit!
J. P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.”
J. P. Morgan was the founder of JPMorgan Chase & Co., an American multinational financial services company headquartered in New York City. It is the largest bank in the United States and the world’s largest bank by market capitalization as of 2023. Continue reading
What You Should have learned in School and at Home
Mayer Amshel Bauer
In order for you to understand what happened to our economy we have to travel back in time to Frankfurt, Germany. The event is the birth of Mayer Amshel Bauer in 1743 to Moses Bauer who is the owner of a counting house. You may say he is the depiction of Ebeneezer Scrooge. Mayer lived in the Juden Strasse (Jewish Street) where they had a symbol for revolutionary minded Jews which was a red shield that is spelled in German ‘Rot’ – for red and ‘Schild’ – for shield; hence the surname they took Rothschild.
So Mayer Amshel Rothschild became the first to bear the name that symbolized the revolution. Continue reading
It seems like everywhere you go people are talking about Gold and Silver. Why would people care so much about what some people call a “barbaric relic”? Continue reading
END the Fed!
Select politicians, government officials, economic elites, and experts arriving at the annual World Economic Forum meeting in Davos, Switzerland were greeted with an open letter signed by more than 250 billionaires and millionaires. The signers request their respective governments raise their taxes. Continue reading
Markets closed 2023 with the strongest rally for equities, bonds, gold, and cryptocurrencies in years. The level of complacency was obvious, registering an “extreme greed” level in the Greed and Fear Index.
2023 was also an unbelievably bad year for commodities, particularly oil and natural gas, something that very few would have predicted in the middle of two wars with relevant geopolitical impact and significant OPEC+ supply cuts. It was also a poor year for Chinese equities, despite slower-than-expected but strong economic growth and robust earnings in the large components of the Hang Seng index. Continue reading
Market conditions are aligning for the gold market as the precious metal benefits from safe-haven demand and growing expectations that the Federal Reserve will cut rates sooner than expected.
The gold market is ending the week testing resistance at $2,050 an ounce and according to some analysts, the precious metal still has room to move higher as bullish momentum is just starting to pick up. Continue reading
The gold market was moribund for the first half of the week, but contradictory U.S. CPI and PPI data pushed gold prices sharply down on Wednesday and back up on Thursday, while a sudden escalation of conflict in the Middle East on Thursday evening saw gold prices posting steady gains heading into the holiday weekend.
The latest Kitco News Weekly Gold Survey showed a continuation of last week’s sentiment, with half of retail investors predicting gains for gold next week, while more than two-thirds of market analysts are taking a bullish stance on the yellow metal’s near-term prospects. Continue reading
I’m referring to the US Secret Service’s very own role in the destruction of sound money in America.
As constitutional, sound money in the form of physical gold and silver coins – whether minted privately or not – became an annoying impediment to expanding the size and power of the federal government, central planners began circulating unbacked paper proxies and formed a Gestapo-like police agency to enforce the scheme.
Founded in 1865, toward the tail end of the American Civil War, the Secret Service originated as a branch of the US Treasury Department. Continue reading
We did it Joe! It took a tremendous push down the stretch, but the U.S. national debt was able to hit the 34 trillion dollar mark before the end of 2023. At this moment I am just so overwhelmed that I don’t know who to thank first. Over the past few years, Joe Biden, Kamala Harris, Chucky Schumer, Nancy Pelosi, Kevin McCarthy and so many other hard working spenders have been instrumental in helping us reach this remarkable achievement. And we never would have gotten here without the relentless help of CNN, MSNBC, Fox News, the New York Times, the Washington Post and all of the other mainstream news outlets that kept assuring the American people that it was okay to steal trillions of dollars from our children and our grandchildren. Continue reading
…and just WHO pays for all of this???
While illegal immigrants are restricted from many welfare programs, their children born in America do not face such limitations. Households headed by illegal immigrants and have U.S.-born children are more likely to use welfare than households led by U.S.-born individuals, according to a recent report by the Center for Immigration Studies (CIS).
At least 59.4 percent of illegal immigrant-led homes use one or more welfare programs, compared with 39 percent of households headed by people born in the United States, according to the CIS report. Continue reading
