Bringing gold and silver back as America's Constitutional money

Sound Money News

Where Does Your Profit Come From?

August 31st, 2021 • A few recent articles bring to the public’s awareness that wealthy investors are preferring not to sell their assets, and thereby pay capital gains taxes. Instead they borrow against them, on margin. This reminds me of an experience I had some years bac

Keep Reading

Fed Chairman Doubles Down on Loose Money as Inflation Rages

August 27th, 2021 • Precious metals markets are rallying on some early Friday remarks from Jerome Powell. The Federal Reserve chairman is speaking at the Jackson Hole virtual gathering of central bankers Friday and Saturday, and he started off by emphasizing the view that hi

Keep Reading

The Hidden Costs of War and Inflation

August 23rd, 2021 • The financial costs of debt-financed spending by today’s decision makers will burden future generations. The pain of printing trillions of unbacked bills isn’t felt immediately, so the gravity of the action is subtle, but the end result is unavoidable

Keep Reading

The Demise of the Gold Standard

August 18th, 2021 • Money came into existence thousands of years ago when people started trading, for example, grain for silver and then trading silver for a tool, rather than trading grain for a tool. Gold and other metals have served as money, or the medium of exchange, fo

Keep Reading

The History Of The Corruption Of Our Money

August 17th, 2021 • Unfortunately, banking and currency never enjoyed a free market in America. From the beginning, a bank needed to obtain permission from the government to operate, and to issue banknotes. State governments used this power to force banks to invest in their

Keep Reading

What Trick Did Tricky Dicky Pull 50 Years Ago?

August 17th, 2021 • Sometimes, bad luck can strike. But other times, a catastrophe comes from a series of bad decisions, each the reaction to the consequences of the previous one. On August 15, 1971, President Nixon decreed that the US dollar would no longer be redeemable fo

Keep Reading

Will the U.S. Currency Regime Fall?

August 16th, 2021 • Afghanistan has fallen. The U.S. government’s nearly two-decade-long, multi-trillion-dollar “nation building” effort in the troubled, tribal country may now have nothing to show for itself. Unsurprisingly, they didn’t see it coming. Central planne

Keep Reading

Moving from Gold-Redeemable to Irredeemable Currency

August 3rd, 2021 • Observing that this paper has value in the market, Fed apologists (and critics alike) imbue it with an almost mystical power: it has value because the government says so (and because the government has nuclear bombs). Therefore, it will always have value

Keep Reading

Political Hacks Concoct Excuses for Their Inflation

August 3rd, 2021 • Jerome Powell, after last week’s FOMC meeting, said inflation has run hotter than expected. However, he wants to assure Americans that the destruction of their dollars’ purchasing power is temporary. Powell’s diagnosis overlooks a couple other drive

Keep Reading

How Henry VIII Debauched English Money to Feed His Lavish Lifestyle

July 28th, 2021 • Two of England's most famous kings—Henry I and Henry VIII—took very different approaches to money. Once there was a king who was only twelve inches tall. As the story goes, he was a lousy king but he made a great ruler.

Keep Reading