Back in 1966 when he was still a member of his mentor's (Ayn Rand's) Court, Greenspan penned an essay entitled, "Gold and Economic Freedom," which explained the staying power of gold.
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Back in 1966 when he was still a member of his mentor's (Ayn Rand's) Court, Greenspan penned an essay entitled, "Gold and Economic Freedom," which explained the staying power of gold.
Greenspan's Thorn -
To understand the world financial situation is to understand the difference between reality and illusions of reality. It is to understand that the basis of all financial failures is the inability to pay debt. Debt is repaid from income or profits.
Financial Tsunami Looming in Land of Setting Sun
PART - VII
The present turmoil in the Asian Markets reveals the first significant cracks in the post-Bretten Woods international monetary system.
Here are some interesting snapshots to show the "RAMPING" of share prices taking place. This has been done consistently since Wednesday, with the worst of it being done on Wednesday morning.
(*) novus ordo seclorum: meaining "new world or secular order"
appears on the back of US One Dollar Bills
on the eve of the Hallowed Eve...October 30, 1997
Introduction -
Honorable and most polite american economist George Cole call it "Bond Madness," but where sun is born we call it "CHINESE MONEY." Many 1000s YEARS CHINESE HISTORY prove paper money soon lose all value.
Summary, update from the early 97 study:
"Money is coined liberty" -- dostoevsky
Global Financial Turbulence Intensifies
In a previous article entitled "Is Gold Still a Store of Value" I concluded with the statement "I am willing to bet that the money supply will be increased to whatever level it needs to b
The best description for the hypothesis of this essay is a paragraph borrowed from the internationally acclaimed Australian newsletter, THE PRIVATEER:
FOMC Stands Pat; Teamster Victory; Credit Demand Surging
Is the 1985 gold chart trying to tell us something?