At the height of World War II, when American soldiers were on the front lines in Europe and the Pacific battling for the very survival of civilization, life back home was starting to feel pretty bleak.
The psychological toll alone was severe… Continue reading
The threat of economically crippling lockdowns, the promise of unending monetary stimulus, and the uncertainty of game-changing political outcomes – this is the “new normal” for investors.
The COVID pandemic won’t be eradicated anytime soon. And even when it finally is, the economic and social costs will continue to be borne for years to come. In such an environment, all conventional asset classes carry heightened risk. Certain types of assets, though, may now be well positioned to shine.
Among them is silver… Continue reading
For the powerful city-state of Athens in ancient Greece, the year 430 BC was one of the most tumultuous and dramatic in its history.
Prior to 430 BC, Athens had been at the pinnacle of stability and power for decades.
But in the course of that single year, the city was invaded by Sparta at the outbreak of the Peloponnesian War; Athenian officials essentially impeached their leader, Pericles, and put him on trial; and a deadly plague killed off up to 20% of the population.
In short, for ancient Athenians, 430 BC probably felt like 2020 does for us. Continue reading
Electronic money
Every one of us has a bank savings card. When we deposit money to the card, we will have a number in our bank account, indicating how much we have saved. In the process, we gave the cash to Bank, the bank gave us a bank card plus a number, this figure is our electronic money. After we deposit it, we can take out the money on the ATM machine or on the counter, or use the online banking, UnionPay or various third-party payment tools to make purchases or transactions. Continue reading
The Globalists want a cashless society so that they can remove any shred of privacy people still have, and have complete control over the monetary system. COVID is being used to rush these plans into place.
Over the past decade, the one common theme despite the political upheaval and growing social and geopolitical instability, was that the market would keep marching higher and the Fed would continue injecting liquidity into the system. Continue reading
In the beginning…
As an outpost of Great Britain, colonial America of course used British pounds, pence, and shillings as its money.
Great Britain was officially on a silver standard, with the shilling defined as equal to 86 pure Troy grains of silver, and with silver as so-defined legal tender for all debts (that is, creditors were compelled to accept silver at that rate). However, Britain also coined gold and maintained a bimetallic standard by fixing the gold guinea, weighing 129.4 grains of gold, as equal in value to a certain weight of silver. In that way, gold became, in effect, legal tender as well. Continue reading
In 2020, public health emergencies were issued en masse, without foresight and with no consideration of the net harm these discriminatory lockdowns would impose on small businesses and the working class. This led to an unemployment crisis, as small businesses were shuttered and corporations left to profit. As people’s lives were upended, the Federal government was compelled to pass a series of spending bills that redistributed money throughout the economy. The cash was helicoptered in via one-time payments to families, forgivable loans to businesses, large unemployment checks, massive drug company investments, and other corporate bailouts. As Americans got a taste of socialism and narco-state dependence, the Federal Reserve has been plotting a new centrally-planned economic system that would circumvent Congress and the traditional banking system using a new digital dollar. Continue reading
Something a bit unusual for this site and what follows will describe said image in detail. You will note that a blown up version of this work of art is currently displayed as the background image for Sierra Madre Precious Metals. Do not misunderstand… I am not a fan nor supporter of Stock Exchanges, but I am a lover of history and art, and as my Grandfather was also a noted architect and renowned designer of furniture and lighting fixtures (for the Stiffel Lamp Company of Chicago) – I grew up in this world.
The first image referenced above and described below will be presented in the upcoming October 2020 auction by Heritage Auctions. The estimated value – $50,000 to $70,000. ~ Ed.
Louis H. Sullivan (American, 1856-1924)
Important Stencil from the Face of the Main Trusses of the Chicago Stock Exchange Trading Room, 1893-1894, Adler & Sullivan
Executed by Healy and Millet, Oil on canvas
57-1/4 x 99-1/4 x 2 inches (145.4 x 252.1 x 5.1 cm)
Provenance: The Art Institute of Chicago; Acquired directly from same
~ The Artist’s Story ~
Louis Sullivan holds a unique position in the history American architecture, not only for his accomplishments as a builder, but also for casting a long shadow of influence over many of the leading proponents of modernism, many through the figure of Frank Lloyd Wright whom he mentored early in his career. Heritage is pleased to present a collection of rare works by Louis Sullivan, one of American’s most important architects, in the upcoming October 13 Design Auction. Continue reading
Up until recently I had never given much thought to the subject of economics. I never took an economics class in school and my understanding of the subject could be best explained by, “Don’t spend more than you earn.” However, the more I’ve learned about our system of government, and the men who created it, the more I’ve realized that I’ll never understand the extent of what they did unless I gain some insight into money; how it is created, how it is controlled, and how people profit from its exchange.
If I were to ask you to find a single word to describe government, what would that word be? For the longest time if someone had asked me that I’d have said something like tyrannical, or oppressive. Now that I’ve undertaken an effort to learn more about economics I’m inclined to change my opinion; replacing tyrannical with parasitical – our government is a parasite that sucks both the liberty and wealth from those it governs. Continue reading
The ongoing Wuhan coronavirus (COVID-19) pandemic, including federal relief efforts to blunt its impact on the economy, will cloud the U.S.’s long-term fiscal outlook for decades to come. This analysis comes from the Congressional Budget Office (CBO), which released new forecasts Monday, showing that federal debt will likely surge to 104 percent in 2021 and be nearly twice America’s economic output in 2050. Continue reading
