Fiat Currency has always proved to be a Scam
We all run after money, but most of us do not even attempt to understand the way it’s generated. We can’t be blamed much, since it’s been made complex, on purpose, so as to keep commoners ignorant about it – who are, otherwise, quite able to change this evil system. The fundamental question we need to ask ourselves is if we know the difference between Money and Currency. If we don’t, then we are totally out of sync with what’s happening out there. It’s extremely common to think that both are the same. The currency (from the word Current) has no value but is a medium of exchange that enables us to buy things of value. The money, on the other hand, has an intrinsic value. Continue reading
It was 31 years ago, on Oct. 19, that I watched a $300,000 stock portfolio begin to vaporize, with a Monday loss of 35% morphing into a 93% amputation by the end of the week, the remaining cash balance totaling slightly over $16,000. 
It is a decade since the financial crisis, and no one is happy. Progressives like Elizabeth Warren and John McDonnell think the guilty bankers went unpunished. Free-marketeers despair over the absence of meaningful reforms to discourage risk-taking on the taxpayer’s dime. Ordinary people across much of the West have only seen tepid growth since 2008. In response, they are turning to political extremes that promise protection from competition and change.
Builders demolishing the former Cressoni theatre in Como were stunned to discover the cache last Wednesday.
You may know me as the guy using weird planetary alignments while assigning proper fundamentals to the gold sector, and recently even doing the same with a somewhat subjective and philosophical view of gold as an important counterweight or insurance component to a sensible portfolio. Or you may know me as the guy who confuses you with too many market indicators or annoys you with too many exposés of the more promotional and/or manipulative entities out there.
Gold and silver were thrashed this past summer, relentlessly pounded to deep new lows. That has fueled extreme bearishness, with traders convinced the precious metals’ fundamentals are rotten. But epic all-time-record futures short selling by speculators was the real culprit. These unprecedented shorts must soon be covered with proportional buying, which is super-bullish for gold and silver prices in the coming months.
Despite a strong economy, about 40 percent of American families struggled to meet at least one of their basic needs last year, including paying for food, health care, housing or utilities.
In years of peace, Diocletian, with his aides, faced the problems of economic decay. To overcome depression and prevent revolution, he substituted a managed economy for the law of supply and demand. He established a sound currency by guaranteeing to the gold coinage a fixed weight and purity which it retained in the Eastern Empire till 1453. He distributed food to the poor at half the market price or free, and undertook extensive public works to appease the unemployed. To ensure the supply of necessaries for the cities and the armies, he brought many branches of industry under complete state control, beginning with the import of grain; he persuaded the shipowners, merchants, and crews engaged in this trade to accept such control in return for governmental guarantee of security in employment and returns. 
