Jesse's Café Américain

Every empire in its official discourse has said it is not like the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't one's eyes watching the destruction and the misery and death brought by the latest 'mission civilisatrice.' Edward W. Said

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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