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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…
V. Interview with Stefan Gleason, Sound Money Defense League, on Abolishing Sales Tax on Gold and Silver
Stefan Gleason is director of the Sound Money Defense League (https://www.soundmoneydefense.org/) as well as Money Metals Exchange, a national precious metals investment company and news service with over 600,000 readers and 400,000 paid customers. Gleason currently leads marketing, publishing, and real estate companies as well. Previously, Gleason served as Vice President of the National Right…
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…
Commodities
Crude Oil (OILNF) Gold (GLD), Silver (SLV) Mining (GDX), Junior Mining (GDXJ) Commodities Index (CRB) Baltic Dry Index
Fixed Income
U.S. Dollar Index Fixed Income U.S. Bond Aggregate (AGG), High Yield Bond ETF (JNK) 5-7yr. Treasury ETF (IEF), 20 yr. + Treasury ETF (TLT)
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…