Legal Tender and Treason

The single most important section of the Constitution of the United States may be Article 1 Section 10 Clause 1 which declares in part, “No State shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts.” The modern significance of this clause flows from the fact [...]

Notes on Notice and Procedural Due Process

The one thing the courts of “this state” seem willing to enforce is “procedural due process”. As I understand it, procedural due process consists of two elements: 1) Notice and 2) Opportunity to be heard. With that understanding of “procedural due process” in mind, I asked myself Why has our government—and therefore our country—become bilingual [...]

“Mean-Reversion”—or Bust!

In his recent article, “The Global Economy is at the Point of Maximum Danger,” English commentator Ambrose Evans-Pritchard wrote:

“The world’s two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern [...]

Those Who Won’t Learn from History….

When the former Soviet Union died in A.D. 1991, the Russian people were plunged into a horrific economic and social collapse. Something very similar might be coming towards the U.S..

Notes on Names

Some people (including me) suspect that an all-upper-case name (like “ALFRED ADASK”) may signify an estate, an account or some sort of legal fiction that is an entity completely different from that of a man whose proper name is capitalized (like “Alfred Adask”). This theory has been around since the early 1990s (I should know, [...]

Monetization leads to “Big Events”

On Wednesday, July 16, A.D. 2008, Texas Congressman Ron Paul has warned the U.S. House of Representatives that he is “convinced the time is now upon us that some Big Events are about to occur,” that will cause liberty to go “into deep hibernation“. Paul told the House:
“Madam Speaker, I have, for [...]

There is nothing to fear but panic, itself.

This last week’s most revealing commentary on the economy might be the New York Times’ “Sharp Fall for Stocks Amid Angst in Lending”. According to that article,
“Half an hour was all it took for a dreary day on Wall Street to turn dire. . . . Widespread fear about the health of the [...]

A War Between Inflation and Deflation??

While the prices of some investments (oil, gold, commodities) are going up, up up–the prices of other “investments” (stocks, bonds, mortgages, cash) are going down, down, down. Several newsletters dealing with the economy have tried to explain this seeming anomaly of rising and falling prices by advancing the theory that we are experiencing simultaneous inflation [...]

The Relationship of Monetary Value to Time

In his recent article, “The United States Fiat Money & the Federal Reserve System,” author Darryl Robert Schoon declared in part, “Fiat money is an oxymoron. Traditionally, money has been both a storehouse of value and a medium of exchange. Fiat money exists by mimicking both; but when its ability to do so ends, fiat [...]