Political Hacks Concoct Excuses for Their Inflation
August 3rd, 2021 • Jerome Powell, after last week’s FOMC meeting, said inflation has run hotter than expected. However, he wants to assure Americans that the destruction of their dollars’ purchasing power is temporary. Powell’s diagnosis overlooks a couple other drive
How Henry VIII Debauched English Money to Feed His Lavish Lifestyle
July 28th, 2021 • Two of England's most famous kings—Henry I and Henry VIII—took very different approaches to money. Once there was a king who was only twelve inches tall. As the story goes, he was a lousy king but he made a great ruler.
The Bottom-Up Gold Standard
July 26th, 2021 • Fifty years ago, on the evening of August 15, 1971, President Richard Nixon addressed the American people to announce several measures to address a trinity of economic problems engulfing the United States: specifically, mounting unemployment, rising infla
Biden’s Dangerous Inflation Denials
July 22nd, 2021 • President Joe Biden is in denial about inflation. This week he superficially addressed the problem by admitting the obvious – that prices have been rising rapidly this year – while denying that the inflation surge represents anything out of the ordina
Why Australia’s Gold Rush Ushered in Political Freedom (as Well as Wealth)
July 21st, 2021 • Nineteenth century gold miners brought democracy and property rights to Australia, as well as riches. But the history was at times bloody.
Condo and Currency Collapse
July 7th, 2021 • On June 24, the Champlain Towers South condominium building fell, killing at least 24 people. The collapse of this building provides a surprising number of insights into the collapse of a currency.
Ohio Becomes 41st State to End Sales Taxes on Gold and Silver
July 1st, 2021 • By signing legislation last night, Governor Mike DeWine has officially ended Ohio’s sales taxation of gold, silver, platinum, and palladium bullion and coins, enabling the Buckeye State to join Arkansas as the two states having canceled taxation of the
Inflation or Lockdown Whiplash?
June 29th, 2021 • Mainstream analysis sees rising consumer prices and looks for a monetary cause. Also, when it sees an increase in the quantity of dollars, it looks for rising consumer prices.
Basel 3's Gold Rules Start Monday: It probably won't be the day of deliverance
June 24th, 2021 • Many people involved with the monetary metals may be eagerly awaiting Monday, when the "Basel 3" regulations on unallocated gold held by bullion banks take effect in the European Union, supposedly making the unallocated business prohibitively expensive.
Central Banks to Keep Buying Gold
June 22nd, 2021 • The move away from the Federal Reserve Note as the global reserve currency of choice has continued in recent years, with fresh developments increasing the greenback’s stiff competition.
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