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Greenspan on Gold: Shuck and Jive

Written by Gary North on February 18, 2017

greenspan

“When our friends get elected, they aren’t our friends any more.” — M. Stanton Evans My deceased friend Stan Evans became deservedly famous for this law of politics. This law applies to high-level appointments. Back in the days when I was starting out in my career, Alan Greenspan wrote an article for Ayn Rand’s Objectivist […]

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Why I Don’t Take Jim Rickards Seriously

Written by Gary North on January 7, 2017

James Rickards writes “the end is near” books. He writes about finance. His latest potboiler is titled, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis. When you read it, you will find that there actually is no secret plan. In fact, it’s the same old deal. He announces this […]

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Franklin Roosevelt’s Big Bank Bailout: March 6, 1933

Written by Gary North on October 15, 2016

roosevelt

You grew up on this story: “Franklin Roosevelt saved capitalism from itself.” This is one of the major myths of American history. Here is how we should understand the New Deal: Franklin Roosevelt saved the big bankers from their depositors. To understand the truth, you must understand what is never mentioned in the textbooks. Roosevelt […]

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How Nixon Killed Keynes’ Phony Gold Standard

Written by Gary North on August 20, 2016

nixon

My generation says: “Each of us can remember where he was when he heard about Kennedy’s assassination. I can remember where I was when I heard about Nixon’s killing of the phony gold standard that John Maynard Keynes and the Soviet spy Harry Dexter White designed in 1944. It was a Sunday afternoon: August 15, […]

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When Money Fails

Written by Gary North on April 23, 2016

hyperinflation

Money seldom fails, but occasionally, it does. It failed in Germany and Austria 1921-23. It failed in Hungary after World War II. It failed in Zimbabwe in 2008-9, when the rest of the world was in a recession. Here is a famous case of the failure of money: And there was no bread in all […]

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Monetary Reform: Fiat vs. Market

Written by Gary North on April 16, 2016

free-market

What is fiat money? It comes from “fiat,” which means a formal authorization or proposition or a decree. Synonyms are these: edict, order, command, commandment, injunction, proclamation, mandate, dictum, diktat. It is an arbitrary order. The phrase “fiat lux” comes from Genesis 1:2: “Let there be light.” Fiat money is the money issued by a […]

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Let Americans Buy the Government’s Gold at $42.22 per Ounce

Written by Gary North on September 26, 2015

american-eagle-coins

Everybody has a scheme for reducing the federal deficit. Here is my plan. Because the present value of the unfunded liabilities of Social Security and Medicare is now in excess of $200 trillion, there is nothing relevant that could be done by the federal government to increase revenues sufficient to avoid the great default. In […]

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Silver Shortage? No, Says Perth Mint

Posted on August 22, 2015

silver-planchets

BULLION BARS AND COINS Internet chatter about a looming shortage of silver should be treated with a healthy dose of skepticism. As we’ve seen recently, this conversation tends to surface whenever one or more of the world’s major mints announce they’ve sold out of silver bullion coins because of a spike in demand. The hype […]

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Gold Bullion Demand Surges

Posted on August 1, 2015

gold-bullion

Perth Mint sees surge in demand and cannot keep up with demand. – “Our biggest restriction is the amount of unrefined gold we’re getting in from producers” – Very high demand for Perth Mint coins, bars coming from Asia, U.S. and Europe – U.S. Mint sees highest sales of gold coins in over 2 years […]

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When It’s “Greece Time” in America

Posted on July 4, 2015

jared-dillan

By Jared Dillian I was watching the 6 o’clock news and saw images of closed banks in Greece and people lined up at ATMs. I’m sure you did, too. This must seem surreal to most people because it seems so remote. But put yourself in these people’s shoes for a second. You have money in […]

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