“Well, suppose they confiscate my gold just like Roosevelt did 75 years ago?” If I have heard that once, I must have heard it a hundred times. Did Roosevelt confiscate everyone’s gold back in 1933? If he did, how come there’s still a lot of it for sale in a thousand coin shops and numismatic […]
The Hong Kong restlessness and protests have been ongoing for eleven weeks, and show no signs of ceasing. It will lead to nothing but more violence in the extreme, I am afraid. I have a 2015 book written by Louisa Lim, about Tiananmen, which occurred on June 4th, 1989. The title of the book is […]
That’s the latest harp by the Demos. let’s get rid of cows, cars, planes, coal, fossil fuels, etc. and make the world green and unpolluted! Whoopee. I can’t wait…except we will have to wait, because it is impossible. Today, if you have solar collectors, or a windmill, and you think all is wonderful? Remember, it […]
Excuse me for a week, but I am not going to write about economics, gold or silver, but as the title says, a nation divided. Never in my many decades of existence, have I ever witnessed such a divided nation, and as I strive to find a reason, I always come up with the simple […]
“Only a Dead Fish Goes With The Flow,” reads a local sign promoting something or other in the financial sector. The outfit is urging you not to go with the flow, or what everyone else does, and go with them, who I am certain, does what the rest does, and that is go with the […]
That’s part of a headline in last Thursday’s Journal. The rest of the headline is, “and Make the Dollar Stable Again.” That would be nice; to make the dollar stable again, wouldn’t it? A sentence in the first paragraph reads, “The gold standard won’t work for the 21st century monetary and financial system.” I looked […]
The National Debt is over $22 trillion, correct? Not counting $200 trillion pledged in the future for Medicaid, Medicare, Food Stamps, etc. All impossible to be repaid, other than with ‘Monopoly Money,’ which is what the dollar is anyway, to be truthful. If you do not remember, go back a couple of columns and check […]
The world is chock full of what I call, “Calamity Howlers.” I’ve mentioned the ‘ozone hole,’ which calamity howlers decided that if we didn’t change all our refrigeration from one kind of Freon to another Freon, the world would surely end. The white robed, ‘scientists,’ did a superb job of fake news, and America spent […]
Three things of note as I see it. The first – 91 – is the simple fact that 91% of everything Walmart sells, with the exception of groceries, is made in China. Walmart has commissioned a new, sleek, container ship that holds 15,000 containers, and can cross the Pacific in five days, as opposed to […]
As money is a medium of exchange, it must therefore have a unit of measure, and a store of value. It should be durable, exchangeable, divisible, have a store of value, scarce, portable, and universally acceptable. Gold has always been valuable, and has all of the previous needed characteristics. The dollar and all other currencies […]