GOLD-EAGLE.com is not a political site, but the elections have a very interesting economic effect on all of us. On Tuesday, the Dow was way up initially. Then the exit polls leaked out, and the Dow dumped into negative territory. Why? Because those with assets realized that if Kerry won, the economy would go into the […]
There was never a greater catastrophe in America than the War Between the States, often called the War of Northern Aggression, but surely mislabeled the Civil War. America needlessly lost 620,000 lives. It decimated the South as well as the North, and ever since, dishonest Abe has been worshipped for his starting it by misinformed […]
How I was watching a program on the History Channel Saturday Morning about the Thompson Sub Machine Gun, or “Tommy Gun,” as it came to be known. No one wanted it! It could shoot 800 rounds a minute, but neither the army nor police wanted it. Guess who thought it was marvelous? The rum runners […]
I know, let me put the words in your mouth: “Stott, you’ve really gone off the deep end now.” Oh yeah? Well, my friend, the problems of France, and Emperor Napoleon III and the silver market, are so obviously pertinent, and probably unknown by most, that I think you’d better keep on reading! Several things had […]
Let’s talk about a “weak or “strong” dollar, and perhaps get a bit of understanding as to what the term means, and the effects it has on all of us. Terms such as ’weak’ and ’strong’ are bandied about by economists on a daily basis, and few of the public know what it means. A […]
For years, we have heard about the thousands of tons of gold, which has been leased at 1% interest. Who has leased it? Why the Central Banks, various Governmental Treasuries around the world, and the IMF, of course. If it has all, much, or most been leased out at 1% interest, two questions arise. (1) […]
From the Grand Junction (Colorado) Sentinel, surely not typical of other places, where real estate has gone up much more. “During the period between 1993 and 2002, home prices in the Grand Junction area grew at a much faster rate than per capita personal income, according to a Daily Sentinel analysis. In 1993, per capita […]
So far, so good with the banks, OK? They had a holiday, and 1200 of them never re-opened, which is as it should have been. They had loaned out depositors’ money, and the loans defaulted. Hard times. Turn the clock back close to 20 years before that, and see what happened. A central bank was […]
We have so far progressed to the banking and coinage situation until FDR came into office. Before FDR, it was pretty honest, above board, and easily understood. Banks stored your gold or paper money, and one could write checks on the deposited funds, or redeem your paper money for gold. Silver coinage was honest also, […]
We all use a bank, or sometimes more than one. Banks allow us to write and mail checks, hold credit cards, borrow dollars, or save them, (if one could be so stupid), in relative safety. How did banks get started? Let’s examine it. Originally of course, “money” was gold and silver, and it still is. […]