“We might as well put the Treasury and the Fed in the same building. It’s a consolidated statement now and they’re working very hard to basically give us what Silicon [Valley] calls modern monetary theory. I call it monetary theory on steroids and speed.” -Ed Yardeni speaking about Janet Yellen’s confirmation hearing to be Treasury Secretary, on CNBC, Jan 19, 2021. Credited with coining the term, “Bond vigilante.”
The Democrats are claiming that Trump supporters tried to overthrow the government on Jan 6th. BLM and Antifa have been rioting for over a year. The British colonies that later comprised the USA had similar insurrections in 1775 and 1791. The response of King George vs the response of President George Washington should be considered.
The riot in the Capitol of the USA on January 6, 2021 has led to Democrats calling for Republicans to be removed from office on the pretext that they were responsible for the attack.
The burning of the German Reichstag building on February 27, 1933 led the the NAZI party to remove Communists from office on the pretext that they were responsible for the attack.
Nancy Pelosi and Mitch McConnell have had their houses spray painted with demands for more stimulus money.
Dow Jones 2000: $11,000
Dow Jones 2020: $30,400
For most societies in history, the natural human hierarchy has been the family with the mother and father over the children, with the father as the leading authority figure (husband). His word (dictate) is law (dictatorship). So it should come as no surprise that most forms of government seek to replace the family with the government by treating adults like children.
Uzbekistan seems to realize that “normal” is in the history books, and has begun issuing gold to be used as money in 5, 10, 20, and 50 gram bars.
“The dictatorial attitude toward California residents while dining in luxury, traveling, keeping his business open and sending his kids to in-person private schools is very telling about his attitude toward California residents, his feelings about the virus, and it is extremely hypocritical.“
-Riverside County, California Sheriff Chad Bianco, Dec 4, 2020.
Q. But the basis of banking is credit, is it not?
A. Not always. That is an evidence of banking, but it is not the money itself. Money is gold and nothing else.
The barbarians are in revolt.
It is plausible that the Democratic Party committed voter fraud considering that the Democrats accused president Trump of stealing the 2016 election with the aid of Russia and impeached him over it, even though it turned out to be a nothing burger.
The Dollar economy will survive so long as the Dollar is King. If the Dollar goes the way of the Bolivar, then only those with gold and silver will have money just like only those with Dollars have money in Venezuela.
“I think we are actually at a point of encouraging risk-taking, and that should give us pause. Investors really do understand now that we will be there to prevent serious losses. It is not that it is easy for them to make money but that they have every incentive to take more risk, and they are doing so. Meanwhile, we look like we are blowing a fixed-income duration bubble right across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy.” -Jerome Powell, Chairman of the Federal Reserve, then member of the Board of Governors, Oct 2012 Federal Open Market Committee Meeting.
“But then finally the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly.” -Ludwig von Mises, Human Action (1949), page 428.
Black Monday was 33 years ago today, Monday, October 19th, 1987.
The South Sea Bubble and the Mississippi Bubble burst 300 years ago in 1720.
Hindsight is 2020.
“The Congress shall have Power […] To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States.”
“The Swiss are completely armed and quite free.”
-Machiavelli, The Prince (1532), Ch 12
"I can calculate the movement of the stars, but not the madness of men" -Sir Isaac Newton, after losing £20,000 in the South Sea Bubble of 1720
A day of hard labor earned a man 2-3 grams of silver in the late Roman Republic and early Roman Empire. A silver US dime is 2.2 grams of silver.
“The most significant threat to our national security is our debt.” -Chairman of the Joint Chiefs of Staff, Admiral Mike Mullen speaking with CNN, 2010
