Jesse's Café Américain

"what should you do to avoid being an idiot or a swine? Merely this: You should do something great, you should lay aside all the foolishness of a more of less long existence, you should become resigned to the fact that you will seem ridiculous to a race of janitors and bureaucrats if you are to enter the service of Splendor. Then you will know what it means to be the friend of God. The friend of God!"

Léon Bloy

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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