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II. Beats Me! What Is a Dollar?
Pose this question to a federal government or Federal Reserve official, and he will run you around the bush for months, mumbling blather like, “The value of the dollar depends on the productive capacity of the U.S. Economy” or “Dollar currency is backed by the full faith and credit of the United States Government.” They…
Endnotes and Appendices
Endnotes 1. U.S. Statutes at Large, Vol. I, p. 246. 2. U.S. Statutes at Large, Vol. X, p. 160, as amended by the Act of February 12, 1873, Statutes at Large, Vol. XVII, p. 424. 3. U.S. Statutes at Large, Vol. V., p. 136. 4. U.S. Statutes at Large, Vol. V., p. 136. 5. U.S….
III. Terms and Presuppositions
Debt Is Credit Debt and credit refer to the same thing. Debt views it from the borrower’s standpoint, credit from the lender’s standpoint. Banks loan borrowers nothing but their credit, so the borrower’s debt to the bank is only bank credit. Money Money is the most marketable commodity in the market and has no buy/sell…
Gold and Silver: European Trends
By Karine Solnon Visuals by Titus de Feyter I. Introduction The European gold and silver retail market has seen no reduction of the tax burden in recent years. In fact, all trends point to the contrary. To invest in gold or silver as a private investor,1 you need to build a global view. Understand the implications…
IV. Why Silver?
“This is the end of Western civilization.” ~ Lewis Douglas (U.S. Budget Director), remark to James P. Warburg after President Roosevelt announced that the U.S. was going off the gold standard, April 18, 1933 Lewis Douglas was wrong, of course. The end of Western civilization had already come 60 years earlier, when the United States…
VI. How to Barter with Gold and Silver Coins
Imagine the worst has happened. The banking and financial system is dead as a door nail. Pretty soon your food will run out, and you’ll have no choice but to use your stash of gold and silver coins as money. But how on earth do you do that? Relax, relax. There’s nothing to it….