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Tag Archives: Gold Standard

Fables, Fairy Tales and the Gold Standard

President Trump often tweets about the strength and health of the U.S. economy, and two weeks ago, he tweeted that the U.S. economy was the Gold Standard throughout the World. The fact that Trump capitalized the words “Gold Standard” may have piqued the interest of those who believe in sound money principles.  Trump has in fact spoken in the past about a return to the Gold Standard, and some of the issues surrounding this are summarized in an October 2018 article: Trump Puts Gold Standard On...

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When The U.S. Government Defaulted

One of the most pervasive myths about the United States is that the federal government has never defaulted on its debts. There’s just one problem: it’s not true, and while few people remember the “gold clause cases” of the 1930s, that episode holds valuable lessons for leaders today. – Sebastian Edwards, Project Syndicate,  May 21, 2018 My friend, UCLA professor,  Sebastian Edwards, is out with a must-read summer book, American Default: The Untold Story of FDR, the Supreme Court, and...

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Third Time’s A Charm?

I find the article laughable. I should point out I am a millennial male though, so I would think that. We invest in bitcoin because we are BROKE, and you cannot earn any significant amount by working. And honestly, this entire market proves what we all suspected. Working is for suckers, it will not get you ahead, and money makes money. I have said on here before I made several times my salary in bitcoin last year, and I have a small group of friends who have all made $200,000+ in this...

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Could Central Banks Dump Gold In Favor Of Bitcoin?

Authored by Charles Hugh Smith via OfTwoMinds blog, All of which brings us to the "crazy" idea of backing fiat currencies with cryptocurrencies, an idea I first floated back in 2013, long before the current crypto-craze emerged. Exhibit One: here's your typical central bank, creating trillions of units of currency every year, backed by nothing but trust in the authority of the government, created at the whim of a handful of people in a room and distributed to their cronies, or...

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28 Reasons to Buy Physical Gold

Submitted by BullionStar.com Throughout human history, gold has constantly emerged as an unparalleled form of savings, investment and wealth preservation. Due to its unique characteristics and features, gold has inherent value and cannot be debased. When holding physical gold, there is no counterparty risk or default risk. Wealth in the form of gold can also be held and stored anonymously. From its ability to retain its purchasing power over time, to its safe haven status...

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Bitcoin As Digital Gold

Authored by Valentin Schmid via The Epoch Times, Blockchain researcher explains bitcoin's potential as sound money... Thanks to its six-fold increase during this year, bitcoin is one of the hottest topics in finance in 2017. It has attracted attention from the likes of European Central Bank President Mario Draghi and JPMorgan President and CEO Jamie Dimon. Some call it a bubble and a fraud that will soon collapse; others say the genie is out of the bottle. And yet, few people really...

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Deutsche Asks A Stunning Question: “Is This The Beginning Of The End Of Fiat Money?”

One month ago, Deutsche Bank's unorthodox credit analyst, Jim Reid published a phenomenal report, one which just a few years ago would have been anathema, as it dealt with two formerly taboo topics: is a financial crisis coming (yes), and what are the catalysts that have led the world to its current pre-crisis state, to which Reid had three simple answers: central banks, financial bubbles and record amounts of debt.  Just as striking was Reid's nuanced observation that it was the...

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The GREAT Arbitrage Opportunity

The GREAT Arbitrage Opportunity Written by Jeff Nielson, Sprott Money News   For the past several years, readers have seen these articles focus on the primary reason for accumulating and holding precious metals: to protect ourselves from the monetary/financial frauds of the banking crime syndicate. These frauds are aimed squarely at stealing our wealth.   In the absence of the gold standard, there...

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The Petrodollar Is Under Attack: Here’s What You Need To Know

Authored by Darius Shatahmasebi via TheAntiMedia.org, Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable difference from gold. The system ended up being short-lived, as President Richard Nixon announced that the U.S. would be abandoning the gold...

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Tragedy of the Speculations, Gold & Silver Report 10 Sep 2017

Bitcoin is often promoted as the antidote to the madness of fiat irredeemable currencies. It is also promoted as the replacement. Bitcoin is promoted not only as money, but the future money, and our monetary future. In fact, it is not. Why not? To answer, let us start with a look at the incentives offered by bitcoin. We saw a comment this week, which is apropos: “Crypto is so exciting and stimulating that is actually very hard for me to be interested in/do things unrelated to it...

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