Don's Column

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Smoot-Hawley

Author:
Don Stott
Publish Date:
10/14/2019

On June 17, 1930, President Herbert Hoover signed into law, the Smoot-Hawley tariff, which raised import duties an average of 59% on more than 25,000 agricultural commodities and manufactured goods.  Remember, a year...

Gee! If We'd Just Known!

Author:
Don Stott
Publish Date:
10/07/2019

There was supposed to be a GCR (global currency reset) within a few days, and it was supposed to begin last Friday!  The dollar index was going to drop a hundred points, and eventually lose 50% of its value.  And...

Poor Argentina

Author:
Don Stott
Publish Date:
09/30/2019

The Argentina peso currently is 1.7 cents to the dollar, a fraction of most of its former value over the years.  Argentines use the peso for so called ‘basic transactions,’ still, but the dollar is the real...

MYOB

Author:
Don Stott
Publish Date:
09/23/2019

The current question it seems, is if we will go to war with Iran, which is so dumb as to wonder if there is any sanity in that capital of insanity, Washington D.C.  The following are quotes from a book I wrote over 30 years...

Railroad Money

Author:
Don Stott
Publish Date:
09/16/2019

The dollar bill has been written and produced by various entities over the years, but especially by railroads in the mid 1800’s.  A ‘dollar bill’ back in the days when many steam locomotives burned wood...

Crypto

Author:
Don Stott
Publish Date:
09/09/2019

The word “crypto” in the dictionary means: ‘hidden’ or ‘secret.’  The prefix crypto as attached to crypto-currencies, means they are ‘hidden’ or ‘secret.’  Is...

Trump's National Debt

Author:
Don Stott
Publish Date:
09/03/2019

The media is all atwitter over President Trump’s flirting with a trillion dollar increase in the national debt in just one year.  Admittedly, a trillion buck debt is virtually unfathomable, it is so huge. ...

Roosevelt's Gold?

Author:
Don Stott
Publish Date:
08/26/2019

“Well, suppose they confiscate my gold just like Roosevelt did 75 years ago?”  If I have heard that once, I must have heard it a hundred times.  Did Roosevelt confiscate everyone’s gold back in...

Another Tiananmen?

Author:
Don Stott
Publish Date:
08/19/2019

The Hong Kong restlessness and protests have been ongoing for eleven weeks, and show no signs of ceasing.  It will lead to nothing but more violence in the extreme, I am afraid.  I have a 2015 book written by Louisa...

Go Green!

Author:
Don Stott
Publish Date:
08/12/2019

That’s the latest harp by the Demos.  let’s get rid of cows, cars, planes, coal, fossil fuels, etc. and make the world green and unpolluted!  Whoopee.  I can’t wait…except we will have to...

A Nation Divided

Author:
Don Stott
Publish Date:
08/05/2019

Excuse me for a week, but I am not going to write about economics, gold or silver, but as the title says, a nation divided.  Never in my many decades of existence, have I ever witnessed such a divided nation, and as I strive...

Don't Be a Dead Fish

Author:
Don Stott
Publish Date:
07/29/2019

“Only a Dead Fish Goes With The Flow,” reads a local sign promoting something or other in the financial sector.  The outfit is urging you not to go with the flow, or what everyone else does, and go with them, who...

"Forget the Gold Standard..."

Author:
Don Stott
Publish Date:
07/22/2019

That’s part of a headline in last Thursday’s Journal.  The rest of the headline is, “and Make the Dollar Stable Again.”  That would be nice; to make the dollar stable again, wouldn’t...

Fraud Perpetuated

Author:
Don Stott
Publish Date:
07/15/2019

The National Debt is over $22 trillion, correct?  Not counting $200 trillion pledged in the future for Medicaid, Medicare, Food Stamps, etc.  All impossible to be repaid, other than with ‘Monopoly Money,’...

We're Doomed

Author:
Don Stott
Publish Date:
07/08/2019

The world is chock full of what I call, “Calamity Howlers.”  I’ve mentioned the ‘ozone hole,’ which calamity howlers decided that if we didn’t change all our refrigeration from one kind of...

91, 92 & 100

Author:
Don Stott
Publish Date:
07/02/2019

Three things of note as I see it.  The first – 91 – is the simple fact that 91% of everything Walmart sells, with the exception of groceries, is made in China.  Walmart has commissioned a new, sleek,...

Money

Author:
Don Stott
Publish Date:
06/25/2019

As money is a medium of exchange, it must therefore have a unit of measure, and a store of value.  It should be durable, exchangeable, divisible, have a store of value, scarce, portable, and universally acceptable. ...

Jubilee

Author:
Don Stott
Publish Date:
06/17/2019

I am not a braggadocio, but I do have what I call ‘original thoughts.’  I built America’s first non-smoking restaurant in Phoenix in the late 1970’s (The 1895 House), America’s first non-smoking...

Is Gold Silver Ratio Too High?

Author:
Don Stott
Publish Date:
06/10/2019

As of Friday, June 7, 2019, the gold-silver ratio was close to 89 to one.  Historically, the ratio has been 16 to 1.  90 years ago, gold was $20.67 an ounce, and silver was $1.25, or close to 16 to 1.  In the year...

A Letter to Don and his reply...

Author:
Don Stott
Publish Date:
06/03/2019

Hi Don, I have purchased from you in the past from Melissa when I lived in ……. Currently I am building my cash (which as you know is almost like money) supply to deploy when our next Republican recession...

 

 

Spot Prices
Gold:   $1,492.72   +2.42
Silver:   $17.45   +0.04
Platinum:   $888.45   +2.75
Palladium:   $1,777.75   +7.75

Updated: Wed Oct 16