In the hundreds of cases, when the money in use becomes worthless, it is ALWAYS government that debases, and eventually kills it altogether. There is not a single case in recorded history, of a paper currency that did not inflate, and become worthless. In 100% of the historical records, all paper currencies have gone down […]

Almost exactly a year ago, I wrote a column for GOLD-EAGLE, titled “Diary of a Depression.” You can see it by clicking the title just mentioned, or on “also by Don Stott” at the bottom of the page, and accessing the other columns I have written. In “Diary of a Depression,” I elucidated various conditions […]

A notation first. Last week, I wrote of the Japanese, who had saved their surplus assets in yen, and who are now losing. A few were wise. Gold sales around the world, increased by 17% in the third quarter of 2001. In Japan, gold consumption increased by 91%. Congratulations to the Japanese who were wise […]

I was going to go on to other currencies this week, leaving Japan alone, but it turns out I haven’t finished with Japan. Or rather, Japan hasn’t finished with itself…if indeed it can survive its current crisis. A correction first. The yen was not at 7.9 cents to the dollar, but rather 1.3 cents, and […]

While the term “money,” doesn’t indicate life, it is necessary, for civilization as we know it, to exist. A medium of exchange, that is compact, valuable, acceptable to the masses, and divisible into various sizes, is one of the ways that has made man a bit higher than the beasts. Money allows the value of […]

This is a quickie, just to wish one and all a most happy and prosperous New Year! In watching the History Channel this morning, the subject was the Alamo, and my memory was refreshed. I love American History, the west, and Texas, even tough it is far too flat. If you have never visited the […]