Jesse's Café Américain

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. For the traitor appears not a traitor; he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” Marcus Tullius Cicero

Showing posts with label selective monetary default. Show all posts
Showing posts with label selective monetary default. Show all posts
29 September 2018

US Debt and the Restraint of a Gold Standard

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Although FDR ended the use of gold in domestic circulation as currency in 1933, the US dollar remained on the gold standard until 1971.   ...
15 September 2015

Bullion Bank Apologists and Physical Versus Paper Gold

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I see that the apologists for the status quo are actively 'refuting' the tightness of physical gold in the London markets, largely ...
30 May 2012

Gold Daily and Silver Weekly Charts - About Those Special Issue Bonds and Full Faith and Credit

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I was expecting another 'hit' on the futures contracts around the May-June contract dates I have posted several times. Perhaps th...
25 August 2010

Morgan Stanley: Government Defaults Inevitable

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In addition to "It's different this time" and "Self sufficiency is an out-moded concept" one of the deadliest assump...
22 March 2010

The Monetary Base During the Great Depression and Today

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Economic commentator Marty Weiss has put out this chart with the somewhat florid headline, Bernanke Running Amuck "Fed Chairman Bernank...
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