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The War Against Cash
The War Against Cash Where every keystroke becomes part of one’s permanent record, where e-devices track one’s every move, the ability to pay physical cash for a financial transaction may have become the only off-the-record action one can execute, unless, of course, it’s recorded on one of the ubiquitous security cams. But signs are everywhere […]
What Turkey Can Teach Us About Gold
What Turkey Can Teach Us About Gold If you were contemplating an investment at the beginning of 2014, which of the two assets graphed below would you prefer to own? Data Courtesy: Bloomberg In the traditional and logical way of thinking about investing, the asset that appreciates more is usually the preferred choice. However, the […]
John Law–300 Years On
JOHN LAW – 300 YEARS ON Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble, tulips, and more recently dot-coms. Some historians can go even further, quoting the famous account by Charles Mackay of the South Sea bubble, the tulip […]
‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far
‘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 […]
The Virtual Economy Is The End Of Freedom
The Virtual Economy Is The End Of Freedom There is one simple rule to follow when understanding the tragic history of economies: Never put blind faith in a system built on an establishment-created foundation. You would think this would not be a difficult concept to grasp being that we have so many examples of controlled […]
Venezuela Has Officially Abandoned The Petrodollar – Does This Make War With Venezuela More Likely?
Venezuela Has Officially Abandoned The Petrodollar – Does This Make War With Venezuela More Likely? Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar. Most Americans don’t even know what the petrodollar is, but for those of you […]
Government Monopoly Money vs. Personal Choice in Currency
GOVERNMENT MONOPOLY MONEY VS. PERSONAL CHOICE IN CURRENCY For more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from other types of goods and markets. From Adam Smith to Milton Friedman, the presumption has been competitive markets and free consumer choice are […]
Cash Bans and the Next Crisis
Cash Bans and the Next Crisis Criminalizing Cash Money sometimes goes “full politics”. Take poor Kenneth Rogoff at Harvard. He wants a dollar with a voter registration card, a U.S. flag on its windshield, and a handgun in its belt – the kind of money that supports the Establishment and votes for Hillary. Etatiste tool […]
Voluntary Enslavement
Voluntary Enslavement In recent years, I’ve been predicting that the governments, particularly those of the EU and US, will seek to eliminate paper currency. The objective will be to make monetary transactions between private parties as difficult as they can, by requiring that all transactions take place through financial institutions. If they can do this, […]
