Tag Archives: gold standard
on the gold and silver law of utah
Relevant links: http://www.lewrockwell.com/block/block103.html http://fontwords.com/2011/02/22/church-and-state-two-forces-at-odds http://www.sltrib.com/sltrib/home/51364301-76/silver-gold-legal-tender.html.csp Related Posts:Another Step Toward the Death of Fiat Currencygold at 1423.27Bitcoins are on the way back up.Republican debate, 3: Ron Paul’s use of reasoning vs. Rick Perry’s attempt at physical intimidationgold is at 1807
So you want to take on China, do you?
If there’s one thing that brings the two American political parties together, it’s a revulsion toward China. Both parties frequently lament the rise of China and the threat that they might displace the US as the world’s Supreme Economic Force. Frequently this rhetoric is aimed either at nothing more than riling up the electoral base, [...]
Posted in uncategorized Also tagged china, foreign policy, national debt, public schooling, tariffs Leave a comment
alan greenspan supports the gold standard
Yes. You have that right. Alan Greenspan supports a return to a gold standard for the United States. True story. Even the guy who used to run the Fed knows it’s a bankrupt system. Interestingly, Ron Paul’s Revolution: A Manifesto claimed that Alan Greenspan was a closet gold man during his Fed days. Now it [...]
jesus huerta de soto on banking
I just finished reading Jesús Huerta de Soto‘s masterpiece Money, Bank Credit, and Economic Cycles (English translation by Melinda A. Stroup). It does for banking what Mises‘ Human Action does for economics as a whole. The book delves deeply into the history of banking, the origins and genuinely fraudulent nature of fractional-reserve banking, and how [...]
Posted in economics Also tagged banking, economics, fractional reserve banking, jesus huerta de soto, roman catholic church Leave a comment
i felt sick in the pit of my stomach
earlier today, when I checked the price of gold and found it at $1347. Despite the mental pleasure of understanding exactly what has been and is being done with respect to our nation’s currency policies, their joys cannot compensate for the pain of watching the world monetary system being torn apart piece by piece. A [...]
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 price hits all-time high
Starting to feel like a broken record, no? But it’s true: gold just hit an all-time high against the dollar, with a price of $1271 per ounce. And silver, my personal favorite precious metal is at a shocking $20.53, which means my recent investment in silver has already netted me a 5% gain in about [...]
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 fiat currency, financial crisis, forbes magazine, 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, fiat currency, fort knox, hard currency, politics, ron paul Leave a comment
What fiat money is and how we got there.