QUESTION: Hi Marty, The reason central banks like to have inflation, is because they get to reduce the effective value of their respective national debts over time. I do not know why there is a link between inflation and interest rates, which is assumed in BB’s remarks. Is there any basis for that ? Regards […]

The National Security Agency (NSA) lost its authority at midnight to collect Americans’ phone records in bulk, after Kentucky Republican Sen. Rand Paul stood in the way of extending the hotly contested program in an extraordinary Sunday Senate session. We should pay attention and vote any politician who renews such powers out of office. The […]

The New York banks have been my adversary, to say the least. Alan Cohen, the court receiver put in charge of running Princeton Economics, was simultaneously on the board of directors of Goldman Sachs. When the SEC said the contempt should end, Cohen lied to the court to keep the contempt going, without even receiving […]

The National Post has reported the sad state of the American legal system – there is nothing left. As they said, “The right to a fair trial just does not exist.” We have reached that point in the evolution of government where the rule of law fades into the night. It is all about corruption; […]

Some people have asked whether there is some legal means to readjust government and hold politicians accountable. There was once upon a time the legal right of Quo Warranto. This is a Latin phrase meaning “By what authority”. It sounds very nice; I even wrote a motion to demand by what authority does a judge have to hold someone […]

The greatest exports of the United States have been McDonalds, blue jeans, rock ‘n’ roll, and of course laws that they stretch to worldwide jurisdiction. All roads lead to Washington, not Rome. Outside the USA, the FIFA arrests have sparked a huge controversy as to why the USA becomes involved in soccer when they do […]

There is a very curious new development with respect to gold. In many European countries, people can no longer buy retail gold coins for bullion. Shops will buy but no one is selling. Banks that previously offered gold to the public have shut down in Spain. If someone leaves Spain wearing a lot of jewelry, […]

  Merchant Banking is where banks always began throughout history. Trading in the various commodities and engaging in import/export was the path to wealth from ancient times to the present. The takeover of Wall Street came from the commodity side where traders were born. It began with the Gold broker house of PhiBro who took […]

There are actually three dimensions to the Economic Confidence Model and no, I have never published the third for security reasons. This is the dimension that identifies the sector coming into focus. The wave function of the ECM is far more than just two dimensions, for it is this third dimension that introduces complexity and tests the mind […]

I have stated countless time that gold is NOT the hedge against inflation, hyperinflation, the anti-fiat antagonist against the dollar, or manipulation that keeps gold down; paper gold suppresses the price, and anything of the sort that amounts to promotions or excuses. Gold has followed the deflationary trend in commodities, if you haven’t paid attention to oil, […]