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Why Systems Fail

Why Systems Fail Since failing systems are incapable of structural reform, collapse is the only way forward. Systems fail for a wide range of reasons, but I’d like to focus on two that are easy to understand but hard to pin down. 1. Systems are accretions of structures and modifications laid down over time.Each layer […]

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The Case For a Gold Currency Part 2: Wages and Growth: Higher Under Classical Gold Standard

THE CASE FOR A GOLD CURRENCY PART 2: WAGES AND GROWTH: HIGHER UNDER CLASSICAL GOLD STANDARD When the world was on the gold standard, the fastest rate of economic growth happened between 1870 and 1914, when the gold standard was suspended in Europe because of WWI. Not only that, but blue collared workers then saw […]

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The Case for a Gold Currency: Part 1

THE CASE FOR A GOLD CURRENCY: PART 1 The gold standard is a system where the nation’s money supply is determined by the supply of gold that is mined. Over time we have had different types of gold standard economies and countries have even suspended the gold standard during wars (e.g.: WWI). Until WWI the […]

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In The Rush Toward A Cashless Society, The Poorest Are At Risk Of Further Exclusion

In The Rush Toward A Cashless Society, The Poorest Are At Risk Of Further Exclusion “Unless you’re poor, it’s hard to understand what it’s like to be poor.” Indian Prime Minister Narendra Modi has a grand ambition to make his country into a cashless society. In 2014, he launched a scheme to provide bank accounts […]

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Bringing My Money Closer To Home

Bringing My Money Closer To Home Henry David Thoreau lived 200 years ago, but his influence continues, inspiring the likes of Tolstoy, Gandhi, Martin Luther King Jr., E.F. Schumacher, Wendell Berry, and Bill McKibben, to name an illustrious few. Thoreau’s Walden set the bar of thinking and doing so poetically high and yet so pragmatically […]

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What Happens When Your Money Is Worthless? Living with a Devalued Currency

What Happens When Your Money Is Worthless? Living with a Devalued Currency This is one of the most important and valued articles to help you prepare. I think it could be useful, based on our experience with the economic collapse and its effects on the currency. Let me tell you what life is really like […]

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The environmental consequences of monetary dysfunction

The environmental consequences of monetary dysfunction Dysfunction of the money-system underpins the problems of the world’s multiple converging crises. Discuss. Might that assertion be taking an ideological position, encouraged by the echo chambers of like-minded twitterati? This piece is an attempt to tease out the nature of the underlying connection, and in doing so describe […]

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Money as a Measuring Stick

Money as a Measuring Stick Imagine if the world’s metre sticks all grew or shrunk a bit each year. That would make for a confusing system of weights and measures, wouldn’t it? Well, that is exactly what happens with money. We have been measuring the world around us for thousands of years. Units like feet […]

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Central Bank Money Rules the World

Central Bank Money Rules the World Central bank credit that supports markets — is not just creation of the Fed, but by central banks and institutions around the world colluding together. Global markets are too deeply connected these days to consider the Fed in isolation. Since last month’s correction, the world has been watching the […]

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Repetitive Patterns in the Money Supply – Will Coins Become Extinct?

Repetitive Patterns in the Money Supply – Will Coins Become Extinct? Inflation over time raises the cost of raw metal and we see that such coins vanish from the money supply. Britain is the latest in line to eliminate the 1 & 2 pence coins. They are costing more to produce than they are worth. […]

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Do We really Hold: In God We Trust?

Do We really Hold: In God We Trust? QUESTION: I was wondering some of your thoughts on “God” and “The Creator” throughout US history? Is “In God We Trust” really a statement that if our most basic rights such as speech are not licensed by a government, then they are natural and thus come from God? Thus cannot […]

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What is Wrong With the Popular Definition of Inflation?

WHAT IS WRONG WITH THE POPULAR DEFINITION OF INFLATION? According to Mises, Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term `inflation’ to refer to […]

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The Failure of Fiat Currencies

The Failure of Fiat Currencies We work hard for our money, as we think it has long-lasting value. That value can buy us other things that we want. It seems like a good exchange. However, few of us consider how extrinsic the value of money really is. In reality, we are dealing in valueless fiat currencies. […]

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Fred Hickey: Why A Lifelong Technology Expert Favors Owning Gold

February 20, 2018

Fred Hickey: Why A Lifelong Technology Expert Favors Owning Gold It’s the safest & most undervalued asset today Fred Hickey, frequent cited expert on Bloomberg News and Barron’s Roundtable, has been publishing his author extremely well-respected investment newsletter, The High-Tech Strategist, for 31 years. And he is more worried about the state of the financial markets […]

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‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far

February 19, 2018

‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far Cash usage declining both as share of GDP and in nominal terms Riksbank committee could publish report on issue in summer Sweden ‘Most Cashless’ Society in the World The value oof notes and coins in circulation are the lowest in nearly 30 years. Bloomberg’s […]

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