Have you ever known of an increase in government bureaucracy, spending, services, or intrusion into our life, that has ever regressed? Even local governments, when they form a new department, never, ever, see fit to send it to the rubbish heap. Never! And that is the problem. This is what will make the dollar go […]
George is a friend of mine, (not his real name) and he is worried about how the gold owed by the banks, to the loaners, such as the Bank of England, can be repaid. George deeply fears “confiscation,” which has never happened, but the myth persists. If your mother told you never to jump off […]
The J.P. Morgan/Chase derivatives overhang of some $29 TRILLION, has many “in the know,” worried. Of course! Why not worry, when a huge corporate monster, has its future hanging by its gonads, thanks to absurd loans and trades. Morgan/Chase loaned heavily to Argentina, Enron, Global Crossing, et al, and has, some say, a $50 billion […]
I don’t think so. A piece on Le Metrople Cafe is making the rounds, and I think it must be rebutted. The piece was written by a very reputable numismatic coin dealer, first of all, so the ax to grind is obvious. Numismatics dealers have to mark up their inventory, as a matter of staying […]
270 years ago today, George Washington was born. I celebrate this great man’s valor, leadership, humbleness, and opinions. As America seems determined to get into foreign conflicts, from which nothing good can come, I urge a re-reading of Washington’s comments. There is no space for but a few of them, but neutrality was his advice […]
President Bush was recently in Japan. He offered homilies to the Japanese, and his best wishes, but this will have no effect in the dreadful depression that now engulfs them. The Japanese look to government for help, to escape their economic miseries. Americans look to givernment. The Germans looked to Hitler, and the Japanese looked […]
Let’s see now, the Japanese are buying gold like it is going out of style, carrying bags of yen to gold shops, and asking, “How much gold will this buy?” Dubya is spending, like there is no tomorrow. $356 million to get the Peace Corps going again, $48 billion for more guns, planes, and uniforms, […]
(For Joy Foundation, which I mentioned last week, I forgot to mention the name of the rep. Call Paul Nystrom, at 1-970-249-1902 if you are interested) The first paper money in history was made in China, in the 1200’s. Kubla Khan, the Chinese ruler, manufactured paper money from mulberry bark. Marco Polo wrote, “All these […]
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 […]