Jesse's Café Américain

“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead

Showing posts with label debasement of currencies. Show all posts
Showing posts with label debasement of currencies. Show all posts
14 May 2013

Greenspan: Role Of Central Bankers Is to Try to Replicate the Stability of the Gold Standard

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Greenspan said on any number of occasions that his model was that a 'fiat currency' works when it emulates the rigor of the gold...
13 May 2010

Why There is Fear and Resentment of Gold's Ability to Reveal the True Value of Financial Assets

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There were a few questions raised about the note on the long term chart of the SP 500 deflated by gold which was posted last night, and whi...
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