Tag Archives: fiat currency
US debt > 100% of GDP
That’s right. As of today, the sovereign debt of the United States of America is larger than the total production of the entire country in 2010. We have crossed one more signpost on the road to the collapse of fiat currency. Gold crossed $1670 last night, so the dollar now buys less than 1/47th of [...]
two thirteens and two forties: a look at US finances
As some of you may know, thirteen days from now is an important date. August 2 is the day when, barring a congressional agreement, the US hits the debt ceiling. At that point we are broke. We are, of course, already broke in that we have taken on an unpayable amount of debt and there [...]
some thoughts on trends and the future
The Post I think the style of government currently found in the US and similar democracies is unstable. More specifically, I don’t think that the world a few generations from now will be filled with religiously pluralistic, representative democratic, fiat currency-using, debt-finances governments which provide twelve years of public school, massive university systems, healthcare, welfare, [...]
Posted in uncategorized Also tagged china, christianity today, democracy, economics, government, religious pluralism 1 Comment
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a unique form of domestic terrorism Related Posts:Genghis Khan, Tabriz, and Fiat CurrencyAnother Step Toward the Death of Fiat CurrencyRepublican debate, 3: Ron Paul’s use of reasoning vs. Rick Perry’s attempt at physical intimidationgold at 1740US debt > 100% of GDP
i just watched gold cross 1350, 1351 . . .
You can go to goldprice.org to watch the price of gold sky-rocket in real time. Between it and the national debt clock, all you need is popcorn to watch modern fiat currency buckling under the pressures of reality. Related Posts:two thirteens and two forties: a look at US financesGold cracks the 1250 ceiling again.Genghis Khan, [...]
Jim Quinn on the mother of all bubbles
Money, we’ve been told, is the root of all evil. Leaving behind the various shades of meaning that may or may not be present in that pithy saying, let’s look at the financial markets, where easily available money generated hand over fist is the root of all sorts of evils (or, if we want be [...]
Posted in economics Also tagged austrian theory of the trade cycle, ben bernanke, central banking, credit expansion, easy credit, federal reserve, hard money, housing bubble, human action (book), hyperinflation, inflation, jim quinn, late-2000's recession, ludwig von mises, the bastard child of the mother of all bubbles, zimbabwe Leave a comment
gold hits all-time high again
It did it yesterday, and it’s happened again today. As I write this, gold is at $1273.62 per ounce. Gold strengthens while the dollar weakens. It’s why we need to quit printing money out of thin air through the Federal Reserve, and why we need to get back on a gold standard. In the long [...]
gold standard reaches forbes magazine
Oh yes. You heard that right. This article in Forbes Magazine, by Johnny Tamny, predicts that we as a nation will be back on the gold standard within three years. Of course, the prediction is worded in such a way that it’s fully deniable, but it’s remarkable nonetheless. Related Posts:gold hits all-time high againron paul [...]
Posted in economics Also tagged financial crisis, forbes magazine, gold standard, johnny tamny 3 Comments
ron paul on the fed, fiat currency
Congressman Ron Paul thinks there just might be no gold in Fort Knox. He wants to force an audit of the place. Because I’ve never had the opportunity to examine the alleged gold stock at Fort Knox for existence and existence in the quantity claimed, I’ll not weigh in one way or another. The article [...]
Posted in economics Also tagged federal reserve, fort knox, gold standard, hard currency, politics, ron paul Leave a comment
Genghis Khan, Tabriz, and Fiat Currency