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Gold As Cheap Today As In 1971 At $35
GOLD AS CHEAP TODAY AS IN 1971 AT $35 “Specie (gold and silver coin) is the most perfect medium because it will preserve its own level, because having intrinsic and universal value, it can never die in our hands, and it is the surest resource of reliance in time of war.” – Thomas Jefferson Since no […]
Collapse Is Happening Before Our Eyes
Collapse Is Happening Before Our Eyes Analysts and authors, myself included, have been warning about the collapse of the dollar as the global reserve currency for years. I described this prospect in my first book, Currency Wars (2011), and in several other books in the years since. This process can take many years. For example, the decline […]
The Dollar Dethroned: We Have Reached The End Of Monetary Policy As We All Once Knew It
The Dollar Dethroned: We Have Reached The End Of Monetary Policy As We All Once Knew It And the world hasn’t even noticed yet. People who speak out openly with concern about the potential death of the U.S. dollar have been written off as conspiracy theorists for the better part of the last few decades. […]
World War III Has Already Started, and It’s an Economic War
World War III Has Already Started, and It’s an Economic War Image © Chekov_UA. All rights reserved. In an article I published in April of 2018, World War III Will Be An Economic War, I outlined a number of factors that portend a large scale conflict between East and West and why this war would be mainly […]
All Hell Breaks Loose On Russian Oil Embargo Fears: Futures, Stocks Plunge As Oil Soars To $139, Gold Hits $2,000
All Hell Breaks Loose On Russian Oil Embargo Fears: Futures, Stocks Plunge As Oil Soars To $139, Gold Hits $2,000 All hell is breaking loose in the Sunday evening session where S&P equity futures and Asian markets tumbled, while havens such as sovereign bonds and gold soared amid fears of an inflation shock in the world economy as oil soared […]
Who’s Got the Gold?
Who’s Got the Gold? In 1971, the US abruptly went off the gold standard, and in making the public announcement, US President Richard Nixon looked into the television camera and said, “We’re all Keynesians now.” I was a young man at the time and had previously bought gold, albeit on a very small scale, but […]
Ending Fiat Money Won’t Destroy the State
Ending Fiat Money Won’t Destroy the State A certain meme has become popular among advocates of both gold and cryptocurrencies. This is the “Fix the money, fix the world” meme. This slogan is based on the idea that by switching to some commodity money—be it crypto or metal—and abandoning fiat currency, the world will improve […]
2021 Year in Review: Crisis of Authority and the Age of Narratives
2021 Year in Review: Crisis of Authority and the Age of Narratives Every year, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year is no exception. Poignant and delightfully acerbic when necessary, considering the troubling times. As with past years, he selected Peak Prosperity […]
The Zombie Ship of Theseus
The Zombie Ship of Theseus The Ship of Theseus is an old philosophical thought experiment. It asks a question about identity. Suppose you replace all of the boards of a ship with new ones—is it still the same ship? We are not going to try to resolve this millennia-old paradox. Instead, we are going to add one […]
Peak Gold
Peak Gold Preface. Both articles below offer the usual techno-optimism of more gold supplies from Man’s Cleverness: robots, AI, and Big and Smart Data Mining. But both are energy blind. Ores are decreasing in gold concentrations, and found in deeper and more remote places, requiring more energy to process. Where will this energy come from? […]
How to Survive the Mega Collapse of 2022
How to Survive the Mega Collapse of 2022 Welcome to 2022! The New Year’s edition of the Economic Prism is a place of wild guesses and rough suppositions. Today we focus our eyes through our proprietary prism. We set our sights over a 12 month viewshed. What do we see? First off, 2022 will be […]
