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…

The Monetary Logic for Gold and Silver

The Monetary Logic for Gold and Silver

A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying the dollar’s purchasing power – completely. This article looks at the theoretical and empirical evidence from previous fiat money collapses in order to impart the knowledge necessary…

Modern Monetary Theory and the Crisis of Capitalism: Part Two

Modern Monetary Theory and the Crisis of Capitalism: Part Two

This is the second part of an article. Part one is available here. Historically, gold emerged as the money commodity. Over the past century and more, fiat money issued by the state has come to replace gold in the daily functioning of the capitalist economy, and above all its financial and credit system, particularly following…