Category Archives: Gold, Stocks & Finances
The value of paper money
“The value of paper money is precisely the value of a politician’s promise, as high or low as you put that; the value of gold is protected by the inability of politicians to manufacture it.” – Sir William Rees-Mogg
Built on sand
“The monetary managers are fond of telling us that they have substituted “responsible money management” for the gold standard. But there is no historic record of responsible paper money management … The record taken as a whole is one of … Continue reading
“Fiscal Cliff off the port bow Captain!”
The sudden discovery by the media the day after the election of impending financial doom for this country left me scratching my head a bit. Dang, how did we all of a sudden end up in front of this fiscal cliff? … Continue reading
The further adventures of Fiscal Cliff
Fiscal Cliff The media is doing quite the job whipping the people of this nation into a frenzy as Congress goes speeding headlong off the ‘fiscal cliff’. The trouble is, if you slow down and start to think about it, … Continue reading
So ‘pretend money’ isn’t a good thing? I’ll be…
“If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. … Continue reading
There was nowhere to go but up!
Paul Ryan is going around asking the question, “Are you better off now than you were 4 years ago?” Okay, that’s a fair question. I heard the O’Bama administration comeback with their usual retort, “People forget how bad things were 4 … Continue reading
If bailing out banks was dumb in 1870, why is it smart now?
“The cardinal maxim is, that any aid to a present bad Bank is the surest mode of preventing the establishment of a future good Bank.” – Walter Bagehot (1826-1877) British businessman, essayist, and journalist
Deficit spending is simply a scheme for the confiscation of wealth
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done … Continue reading
Des Moines Register doesn’t have a ‘business’ page…
… it has a welfare page. Dan Piller’s Special Report: Renewable Energy, Anti-subsidy sentiment takes wind out of industry’s sails. Evidently wind turbine producers can’t stand on their on two feet. Congress is threatening to kill the “production tax credit”. … Continue reading
“Poverty on track to rise to highest levels since ’60s”
Several points about this seemingly mundane story in the 7/23 Register caught my eye. The first is what page it was located on. During administrations past, when the liberal media was trying to help out a Democrat challenger, these type … Continue reading
