I disagree. All money is created thru balance sheets. For every "Asset" created, there is the creation of a "liability." Basic double...
The $10 in interest comes from the creation of additional debt. It's a Ponzi System. And how do such systems end? Obviously they do not last...
My thought experiment: I borrow 100 dollars from the bank, and I pay the bank back with freshly issued government money that I earned from...
Here's a China story from Southern Europe: I'm currently living on Kefalonia, a Greek island in the Ionian sea - between Greece and Italy....
I look at it the other way around - my opinion is that fiat money required that we find markets with lower wages, i.e. China. Thus, we could...
Excellent analysis, and I see your point, but here's another way of looking at it: In the past, what China and Germany are doing today made...
Thanks.... I see Novagold is doing quite well. Unfortunately, I sold it last Spring as it got close to 9 dollars. But I didn't miss out...
I wrote a post on this on my blog. Here's one of my conclusions aimed at China: We live in a fiat debt-backed paper world. If you want to...
You're thinking of it backwards. The Fed owns loans on construction projects like an unfinished Red Roof Inn on it's books - at an imaginary...
There will be no orderly transition to a new global monetary system. It will be chaos first, which means gold by default. And then, either the...
I have worked for myself, and for Fortune 500 companies in the US. All the type of work I did was paper based - there was no tax evasion, not...
So what you're saying is that a precious metal standard of sorts can not be implemented because the world prefers to allow trade imbalances to...
I've read up on that - and there's no proof either way. As you said, no recent audits. But you know what else? Maybe the US is hiding...
Yes, the US Gov't spends a disproportionate share on its military budget - for various reasons, but that currency is fiat -and a world reserve one...
The US does have one option at maintaining economic supremacy. But it won't be the same as the credit fueled post Bretton Woods I 1971 era we now...
If we ran a 10% deficit, more or less, say, in 1997, would it be normal for the economy to grow merely 2-3%? And what of the resultant...
Who "Wins" a Currency War? I want to elaborate on my post below: Currency War On! The first finance official to state the obvious: "a trade...
Thanks, I'll read it. I was called a "doomer" from early 2007. Since then, AIG, Citi, Lehman, Bear, General Motors, Chrysler, countless...
The market will push the gold price for so long. Then Sovereigns will get involved and determine what the gold price is relative to their...
The Central Banks and Finance Ministries of the world are despairing - that's why for the first time in over 20 years, they are net buyers of...
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