So What Is Money… Really…

So What Is Money… Really…

You can read the first part here LINK. There is an aphorism that states “it’s not getting the right answer but asking the right question” that is crucial. Readers of this site are surely aware of blurbs like ‘real money’, ‘honest money’, ‘Fiat’ money, printed money, borrowed money… ad infinitum. Indeed, Aristotle named the desirable…

The Power of the Gun

The Power of the Gun

Chairman Mao is frequently quoted as having said ‘Power Comes from the Barrel of a Gun’. As in many (not all) other things, he was right… but this statement begs the question; where does the Gun come from? Today ‘Gun’ means much more than gun and bullets; it really means sophisticated weapons like cruise missiles,…

What Wall Street Fears

What Wall Street Fears

The origin of modern banking can be found in the early days of the gold trade. In the Middle Ages, goldsmiths accepted deposits of gold in return for paper notes, which could be exchanged for the deposits at a later date. Because these paper notes were more convenient for commercial use than physical metal, they…

The Next Gold Rush Is Here

The Next Gold Rush Is Here

You have been warned. The Biden – Yellen (BY) nightmare dream team will fulfill our worst fears of deficit spending, debt explosion and dollar collapse. Not that a Trump win would have been that much different since the die had already been cast long ago for the final decline of the current financial system. And the BY…