What are dollars anyway?  The simplest definition, is that dollars are money.  Money we have to use to pay our debts, thanks to ‘legal tender laws,’ which require this.  This is not a total definition though, because we need to know where the dollars originate, other than from a printing press, which is not a […]

More on the dollar next week! President Trump is levying a 25% tariff on steel, and 10% tariff on aluminum.  Rinos (Republicans in name only), and many Democrats are screaming that it will start a trade war, and they say no one wins in a trade war, which may or may not be true.  Trump […]

Although experiments with paper money did occur throughout the early history of the country, they were largely unsuccessful.  People, for good reason, didn’t trust the notes and preferred gold and silver coin.  In 1861, the North, needing money to finance the civil war it started, authorized the issuance of what came to be known as […]

In The history of the dollar, or for that matter, silver coins, goes back to the time before Jesus!  In BC 425-401 in Phoenicia, small silver coins with five towers on one side and horsemen on the other, were struck, and obviously used as money.  Silver Roman denarius were struck in the AD 40’s, and […]

In May of 1975, I sold the Grand Imperial Hotel in tiny Silverton Colorado for six times what I had in it, and took a 30 year note back, which meant that I didn’t have to work any more.  I was 41, and that didn’t work.  I had sort of ‘retired’ in Scottsdale Arizona.  I […]

The phone rings, and it is an old customer who lives a few miles from me.  Peter asks if he can bother me for a few minutes. “Certainly!  Come on by.”  Peter comes by, doesn’t want to buy anything, but pulls out a folded advertisement which tells the reader that he can get silver bars […]

The stock market has done a bit of correction in the last week or so.  About 7%, as a matter of fact.  To me, who doesn’t own a single share, it was to be expected.  “Whatever goes up, must come down,” or “Down don’t worry me,” from an old Negro spiritual.  Corrections are a normal […]

Economics is the backbone of every business, individual, and state.  Without excellent ratios between buyers and sellers, and government expenditures and tax receipts, bankruptcy will surely be threatened.  With that in mind, I quote a reliable source for one sector of the economics of the state of Illinois. “The state of Illinois debt is currently […]

Everyone wants to be rich!  There are thousands of web sites, advertisements, and other come-ons by con artists, who for a fee, (of course), will divulge to you the means they used to corner the market on stuff, open a sure fire business, work from home and take it easy as the moola flows in, […]

You may remember that the Bundys were charged twice about having their cattle grazing on ‘federal’ land without paying for it.  They went to court twice and were found not guilty twice, and ‘with prejudice’ the second time, meaning that they cannot be tried again.  The question then is; who owns the ‘federal’ lands?  I […]