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 […]

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 […]