Sierra Madre Precious Metals

December 11, 2013 ~ “If we evaluate an organization’s performance by what it promised when it was created, the Federal Reserve has clearly failed the American people,” is how Murray Sabrin concludes this documentary on the first 100 years of the Fed’s reign. The sad truth, he details, is that “the USD has lost more than 95% of its purcahsing power since the Fed was created and the cost of living has skyrocketed since Nixon severed the last linkage between the USD and gold in 1971.” In short, the revolution of 1913 shifted power from individuals, communities and states to the federal government and its powerful allies in the private sector. Continue reading →

Artist: MiMo – Wall Street New York – 2015

November 15, 2017 ~ The United States embraced the principle of a gold standard – a dollar whose value was linked to a defined quantity of gold – from 1789 to 1971, a stretch of 182 years. During this time, the U.S. was the most successful of any major country, expanding from thirteen war-ravaged states along the Atlantic seaboard to a world economic superpower, with the broadest and wealthiest middle class the world had ever seen. The U.S. dollar was the premier international currency, and New York was the world’s financial capital.

If the U.S.’s gold standard policy was a mistake, as nearly all academic economists claim today, shouldn’t there have been some evidence of that, after nearly two centuries? Shouldn’t there have been some kind of negative consequences? Shouldn’t there have been some other government, somewhere, that did even better, with a different approach? Continue reading →

Christ Purging the Temple
And the Jews’ Passover was at hand, and Jesus went up to Jerusalem, and found in the temple those that sold oxen and sheep and doves, and the changers of money sitting:  And when he had made a scourge of small cords, he drove them all out of the temple, and the sheep, and the oxen; and poured out the changers’ money, and overthrew the tables; And said unto them that sold doves, Take these things hence; make not my Father’s house an house of merchandise. And his disciples remembered that it was written, The zeal of thine house hath eaten me up. ~  John, 2: 13-17

November 7, 2017 ~ The most historic attack in history against the banking elite, was when Jesus the Christ cleared the temple. This was also the only time that the Prince of Peace became enraged, as the money changers took advantage of the poor and faithful. Jesus sought to whip the scheming money changers out of his Father’s Temple. Continue reading →

NOTE: Below has been edited from an Address by Antal E. Fekete, Professor of Money and Banking, San Francisco School of Economics at a Fund-Raising Dinner for the benefit of the Ficino School, Auckland, New Zealand, October 28, 2009. ~ Ed.

The year (2009) will most likely expire without commemorating the centenary of a most momentous event in history that figures prominently as the main cause of the Great Financial Crisis of the century. This event was the so-called legal tender legislation in 1909. The bank notes of both the Banque de France and the Reichsbank of Germany were made legal tender by law, first in France and then, a very short time later, also in Imperial Germany. The rest of the world followed suit. In this way all roadblocks were removed in the way of financing the coming world war through credits and monetizing the resulting debt through the issuance of bank notes. Continue reading →