Riley Waggaman On March 25, the Bank of Russia announced it would buy gold at a fixed price of 5,000 rubles per gram. Less than two weeks later, on April 7, Russia’s central bank canceled its new gold-buying policy, opting instead for a negotiated price (at a discount). The logic behind this move, according to …
No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean? Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the United […]
Apropos of today's main blog, V.T., W.G., and many others sent along this story: Central Bank of Uzbekistan Introduces Parallel Currency: Gold
The post TIDBIT: UKZBEKISTAN’S CENTRAL BANK AND GOLD appeared first on The Giza Death Star.
Today's blog is about a relatively short article, which contains a relatively short statement that's a bombshell, and as regular readers here know, when […]
The post MORE GOLD REPATRIATIONS, AND A NASTY QUESTION appeared first on Giza Death Star.
The American dollar will crash, and gold prices will surge to $10,000 per ounce. So says Byron King, the editor of Jim Rickards’ Gold Speculator.
The reasoning IS highly speculative, but there is logic to the claims that Byron makes:
Today I depart from my usual methodology, wherein I get to my "high octane speculations" at the very end of the blog, after referencing…
The post WALKING AWAY FROM ALL THAT DEBT: CRYPTOCURRENCIES appeared first on Giza Death Star.
Many mainstream economists today instinctively oppose the idea of the self-regulating gold standard because they have been trained as social engineers. They consider the aim of scientific economics, as of engineering, to be prediction and control of phenomena (not just explanation).
The homilies you hear every day now on the danger of the debt and deficit – and why the US must never cut taxes for fear of increasing them – are mostly political rhetoric designed to perpetuate the ongoing pillaging of the American taxpayer. The way to restrain debt accumulation is through spending control, and the way to impose that is through market discipline under real-world conditions.
Why does government hate the gold standard … or any real standard for that matter? At the heart of government’s attack on gold, silver, bitcoin, and other commodity standards is an outright hatred for accountability and private property, and a real love for theft.
