Sierra Madre Precious Metals

The government, federal or otherwise, has no business model because it is not a business. We know this at the outset because government does not compete in the market for people’s money, as every other business must do. With a monopoly of violence, it seizes the money it wants through taxes and monetary inflation. As long as the government doesn’t get carried away by taxing and inflating too much, most people – many of whom call themselves libertarians – regard this setup as necessary. Continue reading →

According to mainstream economics textbooks, one of the primary functions of money is to measure the value of goods and services exchanged on the market. A typical statement of this view is given by Frederic Mishkin in his textbook on money and banking. “[M]oney … is used to measure value in the economy,” he claims. “We measure the value of goods and services in terms of money, just as we measure weight in terms of pounds and distance in terms of miles.” Continue reading →

THIS Is The Future They Have Planned For Us!!!

In recent years, “van life’, “car life” and “tiny homes” have all become extremely hot topics on social media. Millennials and Generation Z have been particularly eager to try out these “minimalist” lifestyles. At a time when home prices have risen to absurd levels and the cost of living has become exceedingly oppressive, it can be very tempting to adopt a low cost way of life. But it is also important to understand that the elite are very much encouraging these trends.

If they could get most of us happily living in tiny homes and electric vehicles, they would be very pleased. You see, the truth is that the smaller our living spaces are, the less carbon emissions we will produce, and that is precisely what they want. Continue reading →

The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when analysts expected earnings of twenty-seven cents a share for the fourth quarter.

Internal or external auditors occasionally comb through individual loans in a bank’s portfolio and make judgments as to whether those loans are worth what the bank says they are worth due to lower appraised values and other issues either particular to an individual property or the market as a whole. Bankers then, begrudgingly, set aside earnings for potential loan losses. 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 →