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There has been a strong, negative response to the tariffs imposed by President Trump, but tariffs can indeed be a “beautiful word”, when used as the sole means to fund limited government. After winning the American Revolutionary War, the newly independent States’ political leaders carefully crafted the Constitution to define the role of the federalRead more

Here are my annual #PreciousMetals valuations I use to make decisions & my price projections for 2026, which may be helpful to you. They’re based on the principle that #money is #gold (natural money in contrast to man-made constructs of #banks and gov’ts based on #debt) while #silver is an industrial metal that can alsoRead more

At the beginning of the year, I wrote: “The financial system has become so abnormal, the Fed has to keep inflating to prevent the system from literally going off the rails. But the irony is that eventually the financial system dies as a consequence of accumulated inflation.” I then went on to identify three thingsRead more

The precious metals have been in a 2-year trading range. Though gold rose 10.2% in 2011 and 7.0% in 2012, these rates are below the 16.8% average annual appreciation gold has achieved over the past twelve years. Importantly, by being in a trading range, it is clear that the precious metals have refused to breakRead more

The US federal government spent $369 billion in August, but only received $179 billion in revenue. The resulting $190 billion deficit was a record for any August and the third highest monthly deficit in the current fiscal year, which ends on September 30th.

Money should always be separated from politics. Germany learned this lesson the hard way, and the Allies wanted to make sure for everyone’s sake that history didn’t repeat.

Nikolai Kondratieff (1892-1938) was a Russian economist who theorized that capitalist economies are subject to a repeating 54-year cycle, though I have seen his work interpreted to fit economic periods lasting anywhere from 40 to 60 years. Each “Kondratieff wave” is divided into four periods that are given the name of the four seasons. ARead more

Congressman Ron Paul says that “central bankers are intellectually bankrupt”. This is actually the title of an excellent op-ed article he wrote last week for London’s Financial Times in which he clearly explains that controlling interest rates is a form of price fixing.

Back in 2009 when the Greek crisis was just starting to make headlines, I wrote an article concluding that sovereign debt defaults would bring the end of socialism. My premise was straightforward and based on financial reality.

In the April edition of The Casey Report, Doug Casey tackles the matter of gold price manipulation. He does this in an excellent article comparing gold’s bull market today with the one in the 1970s, which both he and I remember well given that we are about the same age and both were active participants in it.