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 […]
I was in the theatre business for 11 years. I had 6 theatres, and a lot of fun. I’d like to have a dollar for every hour I have spent in a projection booth. Of course there is no longer a trade called “projectionist.” Everything is automatic. The whole show is loaded onto a platter, […]
Anyone out there old enough to remember the Maginot Line? The Maginot line, was a long fortress built by the French to keep the Nazis out. They figured if they built this long, high wall, with guns and other armaments, the Gerrys would be kept out. It looked so promising! It was totally wasted francs, […]
What it took Japan 7 years to do, Greenspan and his private, mostly European owned, Federal Reserve Central Bank, has done in a year. He has cut the interest rate for the 11th time in a year, with more to come, it is rumored. Maybe we will have a zero interest buck like the yen […]
A basic law of physics, says that for every action, there will be a re-action, and it is all too true with the stock market. As I write this, the Dow has passed 10,000, Enron is a heap of rubble, P/E Ratios are way off base, with a strong indication that stocks are a terrible […]