What is $6 billion a week, you ask? $6 billion a week, is the number of dollars that are currently being inserted into America’s money supply, not counting the actual deficit of billions per year over taxes collected. “Added liquidity,” in Greenspanese. Just imagine the figure of $35 million per hour being added in “liquidity.” […]
NOTE: This column has been revised, because one paragraph assumed that everyone knew I was a precious metals broker in 1980 and before, and could indeed refuse to sell to clients who requested silver when it rose to $54 an ounce. Sorry!I assumed that readers must know that I am, shall we say “mature,” and […]
As the economy weakens, and almost exactly duplicates the horror of 1929-31, many rightfully blame a lot of the mess on Alan Greenspan. Greenspan, a one-time member of an intimate group of Any Rand’s, seems to have forgotten all he ever thought and believed. (If you have never read ATLAS SHRUGGED, you must do so […]
Certain myths seem to persist forever. Certain phrases are so common, that no one ever questions them, or realizes they are frauds. Common today, is the trite, “strong dollar.” Excuse me, but would you repeat that? “THE DOLLAR IS STRONG!” The hell you say. That phrase is repeated over and over again by stock brokers, […]
I hear this on a continual basis: “Suppose I buy gold, and the government tells everyone to turn theirs in?” Or, “What if the government comes around and seizes my gold like they did in the 1930’s?” Or, “Suppose they pass a law making owning gold illegal?” Or, “If gold is made illegal, how can […]
The middle class in the American Civilization is all important in our society. The middle class are the ones who travel, eat out, buy new cars, homes in developments, and generally are the absolute backbone of America. Without the middle class, we will fail. If the middle class is injured, a national depression will occur, […]
For crying out loud people, this is a disaster, not waiting to happen, but actually happening! Just forward this to everyone you know, and see if it can knock some sense into their heads. Stott’s rule #1 “THE MORE OF ANYTHING THERE IS, THE LESS THEY WILL BE WORTH.” Let’s suppose that a man comes […]
Ever play the futures market? I don’t advise it, as it is a lot more fun to gamble at Las Vegas. I’ve lost more than I made, and have given it up. I don’t advise it. But there are millions who regularly do futures, and some make money. Most don’t. The percentages are phenomenal. It […]
What will happen? As the dust clears from the World Trade Center Towers, Pentagon, and others, what will happen? I can only guess, but being a man with logic tattooed on his brain, my sense of logic tells me the following will happen, economically at least, and if you will permit, the reason why. There […]
This piece entirely deals with what to do with dollars. Of course it can also apply to Francs, Pesos, Yen, Pounds, or what have you, depending on what the economic situations are in the nation in which you reside. I say this, because I receive e-mail from all over the world, even though I do […]
