While physical gold is a well-known safe haven asset which investors flock to in times of market turbulence as a way of protecting their wealth, gold is also the ultimate asset to own and possess in times of crisis and emergency. These crisis situations can range from episodes in which fiat currencies collapse, to times in which gold buys safe passage across international borders, and even to periods in which only gold can bail out and rescue an entire nation. Sometimes gold even ensures self-survival and can literally be the difference between life and death. Continue reading
The House of Representatives on Thursday voted along bipartisan lines to advance legislation blocking the Federal Reserve from creating its own central bank digital currency (CBDC).
In the current economic climate, many Americans find themselves struggling to make ends meet, as the pressures of inflation bear down on everyday living expenses. Under the Biden administration, the economic policies known as “Bidenomics” have come under scrutiny as inflation rates surge, affecting the cost of essential goods and services. 
Did you know that U.S. households are 17,690,000,000,000 dollars in debt? Of course household debt is only one part of a much larger story. The federal government is 34 trillion dollars in debt, state and local governments are absolutely drowning in debt and unfunded liabilities, and corporate debt is at an all-time high. As a society, we are on the greatest debt binge in the history of the world, and it just gets worse every single year. 
“We must not let our rulers load us with perpetual debt,” warned Thomas Jefferson in 1816. To him, burdening ourselves and future generations with debt should be rare in frequency and minor in magnitude. It may be defensible for long-term capital projects like roads, but for little else.
In these days of rampant inflation, it’s imperative that we return to the gold standard – and the real thing too. By this I mean the classical gold standard, not the so-called “gold exchange” standard, and with no fractional reserve banking, just as the great Murray Rothbard wanted. In what follows, I’ll discuss some of the economic issues below, but it’s important to realize that it’s a moral issue as well. 
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