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~ Quotables ~ "The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true. It really happened. These suspicions are valid."~ Neil Barofsky
Morgana’s Treasure Chest
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Category Archives: The Price is Right
Mr. President Trump, Sir: you are working tirelessly, against tremendous odds, to carry out your mission in life, which is to “Make America Great Again”. I propose to you a measure fully in accord with your vision of a great, … Continue reading
Nicolas Oresme, a Catholic bishop (1320-1382), studied human behavior with regard to money, which in his time consisted of gold and silver coinage; he was perhaps the first to observe that humans attribute varying valuations to the money that comes … Continue reading
Why don’t humans use gold coins as Money? The answer is quite simple: because they don’t want to, under present circumstances. The attachment of humans to gold is remarkable; I suspect there is something metaphysical about gold that attracts human … Continue reading
Money, in its highest manifestation, is gold. However, silver can also be money, though not as aptly as gold. Money is, has always been, and always will be a commodity. Bitcoins, as well as Dollars and all other currencies today, … Continue reading
Some people think that one of the fundamental institutions of the 19th century should be restored; I will single out Great Britain as the great leader embracing this institution. This institution was the free minting of gold practiced by Great … Continue reading
“If the U.S. inflates and devalues the dollar, gold will go much higher in price“ ~ Jim Rickards. The last dollar devaluation took place under President Roosevelt in 1934, when from being worth 1/20.67th of an ounce of gold in … Continue reading
It is remarkable how billions of human beings are using fiat currencies in the world today without any understanding at all of what they are doing. Curiosity and intellect are indeed very limited in supply amongst humans. Humanity is attempting … Continue reading
The digital “Bitcoin” has bit the dust at Mt. Gox Bitcoin Exchange; over $400 million US has evaporated, or perhaps moved into someone’s pocket. The news is all over the Internet these days. “Digital money” is accepted world-wide. There exists … Continue reading