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Money

America

Economic Evolution: Darwin’s Idiot Speaks, Part Six

20th February 2023 Going Postal 1

Transfer of our capacity to manufacture goods and mine energy and resources to developing countries served to endorse our virtual assets as we established and dominated new markets with economic colonialism. Ludwig von Mises noted [more…]

America

Economic Evolution: Darwin’s Idiot Speaks, Part Five

13th February 2023 Going Postal 0

FDR had abolished private ownership of gold money but retained gold as the underlying asset for U.S. currency, exchangeable one for the other. Variations in the price of U.S. currency in ounces of gold served [more…]

Economics

How to work out your interest yourself – and how the banks did it in the old days…

11th February 2023 Going Postal 0

Have you ever wondered how the bank worked out how much interest to pay on your savings account, or charge you on your mortgage? I had a mortgage with a building society some years ago, [more…]

America

Economic Evolution: Darwin’s Idiot Speaks, Part Four

6th February 2023 Going Postal 1

One of Say’s Laws holds that “we produce to consume”. This is certainly the underlying theme of the Industrial Revolution with its accompanying exponential growth in production of technology, communication, and energy utilization. While private [more…]

Business

Economic Evolution: Darwin’s Idiot Speaks, Part Three

30th January 2023 Going Postal 1

Banking came up with its own methods of inflating the supply of legal tender-fiat money, fractional reserve lending. A bank comes to know (a version of the dispersal of knowledge of the market) how much [more…]

Business

Economic Evolution: Darwin’s Idiot Speaks, Part Two

23rd January 2023 Going Postal 3

Prior to written documents being exchanged as representations of mutually agreed perceived value, the concept of money arose amongst multiple trading groups. This may have taken place prior to the credit/debit system as a substitute [more…]

Arts

A Postcard From India; Road Trip Part 1; Delhi-Jaipur-Karauli

6th December 2022 Colin Cross 0

I don’t know this for a fact, but I’m pretty sure whatever time you might choose to leave the environs of Delhi, unless it’s in the dead of night, the traffic on the main roads [more…]

Economics

Eliminating Legal Tender Laws: A First Step to Sound Money and Financial Truth

10th January 2022 Patrick Barron 0

Mention the term “legal tender” in polite company and most people will resemble a deer in the headlights. In simple terms legal tender laws grant monopoly status to money, usually fiat, produced by government; i.e., [more…]

America

The Greatest Threat to the US Is NOT What Most People Think

4th October 2021 Patrick Barron 0

Here’s a challenge for readers: Stop reading right now and write down at least five threats to the US. Rank them in order of most serious at the top. Ask family members or friends to [more…]

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