Classical Economics in a Quantum World
The misunderstanding of gold and the perpetuation of gold fallacies by academics, economists, and PhDs is easily explainable. Gold is the kryptonite to their errant economic theory. Gold signals the continuous error of the floating fiat PhD standard. Economists have to dismiss gold…
Read more
“As long as excess reserves persist, with IOR, in amounts necessary to facilitate Federal Reserve control of the price of interest, the trend for the minimum price of gold is determinative by its average price over the duration of debt.”…
Read more
The Shanghai International Energy Exchange, INE, began trading oil futures denominated in yuan, today, March 26, 2018. I wrote about the upcoming significance of this event in China, Gold, and the Dollar. The initial report was that yuan petro futures…
Read more
Inflation and deflation are a basic component of economics. Yet, the Federal Reserve, which has monopoly control of the value of the dollar, admits that they “aren’t sure they understand how inflation works anymore.” That a currency must be stable…
Read more
The Fed unleashed a coming market inflection with the onset of normalization. In our global fiat system, as long as the dollar remains the world’s reserve currency, the Fed forces global central banks to adopt its policy. A Fed balance…
Read more
Cryptocurrency’s value comes from its fixed supply, deflationary design combined with the promise of digital, decentralized transactions recorded on a permanent blockchain ledger. But its flawed monetary design, that is the underlying reason for its value, makes it unsuitably volatile…
Read more
On October 2, 2017, Market Memo: Normalization, Tax Cuts, Geopolitical and Gold, I wrote: What this means is that the price of gold (POG) will continue to adhere to the Kendall Rule. The initial steps of normalization, tax cuts, and…
Read more
In Part I, I examined Wright’s monetary views expressed in The illusion of scale in segregated witness. It is a rehash of Friedman’s failed monetarism experiment of the 70s, with fixed money supply instead of constant supply. Monetarism without an…
Read more
Craig Wright, the Australian mathematician and serial academic credential achiever, is widely associated as Satoshi Nakamoto. Andrew O’Hagan wrote The Satoshi Affair, a long account of the events leading up to Wright’s public failure to prove he is Satoshi. Wright…
Read more
While an increasing cryptocurrency market valuation is indicative of greater acceptance, it does not define its legitimacy as currency. In other words, a currency’s legitimacy is not based on its market valuation but rather on its potential for stability of…
Read more