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~ Quotables ~ "There is no clean way to make a hundred million bucks. Somewhere along the line guys got pushed to the wall, nice little businesses got the ground cut out from under them. Decent people lost their jobs. Big money is big power, and big power gets used wrong. It's the system."~ Raymond Chandler, The Long Goodbye
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Category Archives: Let’s Get Physical
Bitcoin is making new highs for the year and it inspired me to draw this cartoon. Mark Zuckerberg is going to roll out a Facebook cryptocurrency based on a reliable blockchain called “Libra,” suggesting scales of justice. It will be … Continue reading
The following is mixed from two different columns, one from renowned economic commentator, Peter Schiff, and the other from the editor of the Kettle Moraine family of publications, including Morgana Precious Metals. Numismatics Are Fool’s Gold Last month, I addressed … Continue reading
Let’s think about economic life around the world, as it was one hundred years ago – a very short time ago, in historical terms. The first thing that comes to my mind, is how difficult it was to accumulate any … Continue reading
Historically, gold has never been viewed as a speculation. It was simply money: cash in the most basic form. It was a medium of exchange and a store of value. People did not accumulate gold because it could make them … Continue reading
The first 502 gold and silver coins plucked from a shipwreck off North Carolina have been sold to a global coin dealer at a price that “wildly exceeded” the recovery project’s expectations. No one involved in the deal is saying … Continue reading
“If you want to know when a society vanishes… watch money. Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of moral existence.” ~ Ayn Rand Paper currency was introduced by … Continue reading
As we continue to enjoy the “Yellen gold standard,” now in its Powell phase — who knows how long it will last — let’s look at why the gold standard system worked so well for so many centuries, including nearly … Continue reading