Gold and silver were indeed considered money under the US Constitution, and the Constitution granted Congress the authority to coin money, regulate its value, and specify the standards for coinage. Thomas Jefferson, one of the Founding Fathers of the United States and the third President of the United States had strong opinions about central banking […]
Tag Archives: central banks
Markets often exhibit cyclical patterns, and these cycles can occur in various financial markets, including stock markets, real estate markets, and commodity markets. Interest rate cycles and business cycles are also very common based on monetary policy. Market cycles are driven by a combination of economic, psychological, and structural factors. A case can be made […]
The central banking system is a crucial component of a country’s monetary and financial framework. It plays a pivotal role in managing a nation’s currency, money supply, interest rates, and overall economic stability. Central banks operate as independent entities or government agencies and are responsible for implementing monetary policy to achieve specific economic goals.
American currency, as designed by our Nation’s founders and enshrined in the Constitution, should be unquestionably sound. It was designed to be hard money: only gold and silver were to used to mint currency. Even when paper notes were first introduced, they were always redeemable for real hard money (gold) on demand at any bank. […]
Most major banks call for higher gold prices in 2023. As we enter 2023, the financial landscape is increasingly uncertain with predictions from the traditional “experts” broad. The only consensus seems to be that uncertainty will prevail and gold will trend higher.
Recently there were midterm elections held. Some of those results are still not known. This in itself is pathetic and unacceptable. Many clients believe that different political leadership will drive different results here in our great country. I would agree we need a better energy policy, better border security, better tax policy, less ESG talk […]
Turn on the television or read a newspaper. It is a sickening repetitive message to buy the dip in the stock market. It is a constant promotion to stay in the fiat banking system and all of the paper investment products out there. The fact of the matter is that things have changed. The buy-the-dip […]
We have talked about the debt here in America many times. Do you know the last US President to decrease the national debt while in office? Calvin Coolidge was the last President to decrease the national debt while in office in 1929. President Reagan took office in the early 80s and the national debt stood […]
Since the consumer price index was first used in 1919 as a key measure of inflation, it has been modified at least 18 times. Many argue that the goods measured are not representative of the true increase in living costs. Recently President Joe Biden announced that inflation dropped to zero percent despite double-digit annual increases […]
Money can be any item or confirmable record that is generally accepted as payment for goods. Money is also used for the payment of services and the repayment of debt such as taxes. Money is supposed to be a medium of exchange, a unit of account, a store of value, and sometimes a standard of […]