During times of universal deceit, telling the truth becomes a revolutionary act.
Assuming you had the money, would you loan $10,000 to be paid back over 30 years plus 3% interest? What if inflation skyrocketed? That would benefit the borrower and deeply harm you as the lender. Even if you were repaid, the declining value of those repayments wouldn’t come close to making up for your loss … Read more »
By Stefan Gleason and Jp Cortez, Originally Published on Money Metals Exchange Under certain circumstances, seemingly decent human beings are capable of horrific things. So it is with Former Federal Reserve Chairman Alan Greenspan, who parlayed his sound money bona fides into the top post at America’s private banking cartel and current issuer of our … Read more »
One of the chief virtues of a gold standard is that it serves as a restraint on the growth of money and credit. It makes runaway government deficit spending and major monetary catastrophes such as hyperinflation practically impossible. Opponents of a gold standard can’t defend the political malpractices that are enabled by a fiat currency … Read more »
Sound money advocates are often hit with the charge of being “doom and gloomers.” Yes, we do warn that unsound monetary policies enable unsustainable fiscal commitments, which will lead eventually to a currency crisis. Sound money advocates are also often portrayed as party poopers. Yes, we do seek to take away the bottomless punch bowl … Read more »
By Stefan Gleason of Money Metals Exchange “The last duty of a central banker is to tell the public the truth.” – Alan Blinder, former Federal Reserve Board Vice Chairman The Federal Reserve Board finds itself back in a quandary of its own making. When Fed chair Janet Yellen pushed through an interest rate … Read more »
Stock market gyrations and deteriorating global economic conditions in the early goings of 2016 sent investors fleeing for safety. Or at least what is commonly thought to be safety. Many in the financial media are now trotting out the bromide that “cash is king.” A sampling of recent headlines illustrates how pervasive the thinking is: … Read more »
By Clint Siegner, Money Metals Exchange Growing Support for Sound Money Rankles Fed Apologists Sound money issues make for good politics these days. The leading Republican candidates have all suggested reforms to our monetary system. The topic is popping up in debates as well as interviews. Predictably, Fed worshippers and proponents of central planning everywhere … Read more »
Several Republican presidential candidates are floating the idea of returning to some form of a gold standard in the U.S., although none have gone into any great detail. So, how might a modern gold standard work? It’s a question that requires us to do more than just look to the past with an eye toward … Read more »
Is America on the cusp of a revolution that will usher in a new monetary order? The lessons of history tell us that no fiat currency retains its value for long or lasts forever. And as Shakespeare noted, “what’s past is prologue.” Major episodes in monetary history often stem from political revolutions. Just as there … Read more »
How would America ever survive without the central planners in the Obama administration and at the Federal Reserve? What in the world would we do if there was no income tax and no IRS? Could the U.S. economy possibly keep from collapsing under such circumstances? The mainstream media would have us believe that unless we … Read more »
Federal Reserve Chairman Ben Bernanke said this week that inflation in the United States needs to be higher. Yes, he actually came right out and said that. It almost seems as if Bernanke is trying to purposely hurt the middle class. On Wednesday, Bernanke told the press that “both sides of our mandate are saying … Read more »
Newsflash, folks. We’re already over the so-called “Fiscal Cliff”. As of today it’s been 1,311 days since the Senate has passed a budget. Let’s take a quick refresher course on Government 101. The House originates the budget bills. Once they pass the House, they go on to the Senate. Once passed there, it goes to … Read more »