Adulting, the now common idiom, is hard. And to many millennials, the grim realization that debt will always be part of their lives is not making it any easier.
In some cases, their debt load is so soul-crushing they expect to die without ever paying what they owe back. So how much does this problem have to do with the higher-education crisis the country is facing? As it turns out – EVERYTHING! Continue reading
Interest rates simply reflect the truth; and it is a very sad day when telling the truth can foster such ill will.
It is often said, “Don’t kill the messenger,” but that is precisely what everyone seems to want to do in my case. I’m not sure why because the news I bring is neither good nor bad. It is simply the truth; and it is a very sad day when telling the truth can foster such ill will. There are some who go so far as to declare my very existence wicked simply for providing information people use to engage in a specific type of voluntary exchange that, although of immense benefit to society, has somehow acquired an unsavory reputation. Continue reading
Let’s look into some propositions on gold…
Nothing seems to arouse passions – pro and con – quite like suggestions that gold should once again play a role in our money. “Only gold is money,” says one side. “It’s a barbarous relic,” says the other. Let’s turn down the heat a bit and look into some propositions about gold. That should lead us to some reasonable ideas about whether or how gold might return. Continue reading
Long term holders of gold have a different perspective of the world. They are not believers in instant gratification. Nor do they believe that a world based on money printing and debt can create sustainable wealth. They also know that the socialism which has spread like a plague in the Western world – only works until you run out of other people’s money. Continue reading
The Looting Bankers
The dictatorship of the bankers and their debt-money system are not limited to one country, but exist in every country in the world. They are working to keep their control tight, since one country freeing itself from this dictatorship and issuing its own interest and debt-free currency, setting the example of what an honest system could be, would be enough to bring about the worldwide collapse of the bankers’ swindling debt-money system. Continue reading
My grandson had quite a day at school. He had learned that the economy had been suffering from things called Panics, capital P, during the 19th century and had another big one in the early 20th century. He had been told that responsible, public-spirited men like J. P. Morgan had organized a central bank to prevent those Panics. He and other bankers finally got the government to go along with their idea and pass it into law in late 1913. And wouldn’t you know it — we’ve had no more Panics since then. Continue reading
A mysterious birth
Where do potatoes come from?
— From the farmer’s field.
Where are little calves born?
— In the stable.
Where do plums come from?
— From the plum tree.
Everyone knows this…
But now ask the same question about money… Continue reading
The bankers go to work to start the Civil War.
With the Central Bank killed off, fractional reserve banking moved like a virus through numerous state chartered banks instead causing the instability this form of economics thrives on. When people lose their homes someone else wins them for a fraction of their worth. Depression is good news to the lender; but war causes even more debt and dependency than anything else, so if the money-changers couldn’t have their Central Bank with a license to print money, a war it would have to be. We can see from this quote of the then chancellor of Germany that slavery was not the only cause for the American Civil War. “The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the United States if they remained as one block would attain economic and financial independence which would upset their financial domination over the world.” ~ Otto von Bismark, the Chancellor of Germany, who united the German states.
On the 12th of April 1861 this economic war began. (Continue to full story)