Jesse's Café Américain

"Some people see God as they see a cow, and love Him as they love a cow — for the milk and cheese, and the profit it brings. This is how it is with people who love God for the sake of worldly possessions or inward comfort. They do not truly love God when they love Him for their own advantage. The eye through which I see God is the same eye through which God sees me; my eye and God's eye are one eye — one seeing, one knowing, one love.”
Meister Eckhart, Predigten und Traktate

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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