“AG” stands for silver, and comes from the Latin “Argentium.” Silver has been in use as money and other uses, since ancient times, and is used in the book of Genesis many times to decorate, and even used as money. Silver is soft and malleable, and as a result of this characteristic, “Sterling” was developed, […]
This column was originally written in 2005, but it’s just as relevant now! “Shave and a haircut, two bits.” Ah those were the days! We know that a quarter is also known as “two bits,” and that when a shave and a haircut was a quarter, it was back in the 1930’s and earlier. Actually, […]
Last week, I elucidated that the Fed printed the dollars, usually as instructed by Congress, President, or various un-elected bureaucracies, as is required by the Constitution. Do the various state, county, and local bureaucracies, contribute to inflation? The answer, is NO. They have to deal with ever decreasing value dollars, as that’s what they have […]
Tuesday night (3/14/23), PBS had a two-hour special on the Federal Reserve, and after two hours, I arrived at the following conclusions. The Fed is an absurdity, and most of it should not be in existence. Where in the Fed’s charter, does it give it permission to set “interest rates,” for America? The interest rate, […]
Picture this: A widow is sifting through her late husbands’ safe, and realizes he has provided well for her, in the form of silver and gold. As maybe millions of others, who have come across gold and silver, which they did not buy, and who are not economically ‘well versed,’ and to be kind, they […]
On December 23, 1667, a 14.717 acre Island in New York Harbor was sold to Isaac Bedloe. In 1732, his estate sold it to the U.S. Government for an undisclosed price. The island had always been called “Oyster Island,” due to the huge number of oyster beds surrounding it. It was named “Bedloe’s Island” […]
That’s a lot of dollars, huh? That translates into $37,321 per person over 19. Sound reasonable? In 1920, there was $55 in circulation for every citizen, regardless of age. Since the dictionary defines inflation, as, “An increase in the money supply,” maybe the Fed chairman doesn’t believe in definitions. Is a dictionary suitable for finding […]
I have always been puzzled about juries being required to have a unanimous verdict. Therefore, if a criminal’s case is put before a jury, no matter how hideous his or her act may have been, if one juror has decided that there is a possibility of he or she being innocent, they will go free. […]
Steel, orange juice, pork bellies, corn, wheat, gold, silver, and a hundred other things, are all ‘commodities.’ What’s wrong with being a commodity? The Dictionary definition of a commodity as: “1. Any useful thing. 2. Anything bought and sold. 3. Staple products, as of agriculture.” Without commodities, there would be no human race. We eat […]
(From a column I wrote 7/16/2004) For a hundred years, the French used the Livre as their currency. Did they create Livres out of thin air, as all governments do today? Yes, and the French government and citizens used the Livre to pay their bills and save, as do the U.S. government, and far too […]