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 [...]
Entries Tagged as ‘What Can't be Paid’
July 19, 2008
Monetization leads to “Big Events”
July 11, 2008
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 [...]
July 5, 2008
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 [...]
June 28, 2008
Returning from the Irredeemable to the Redeemable
No debt is extinguished until it’s paid. No debt is paid until the seller receives payment in lawful money (gold or silver coin). Through most U.S. history, our government issued gold and silver certificates (paper money) that could be redeemed in gold or silver coin. Because these gold and silver certificates could be redeemed in [...]
June 20, 2008
Where Silver Eagles Fly
The Wall Street Journal reports that people are accumulating all the silver eagles that the U.S. Mint can make: “The coins, each containing about an ounce of silver, have become so popular among investors seeking alternatives to stocks and real estate that the U.S. Mint can’t make them fast enough.” But, “In March, the mint [...]
