Classical Economics in a Quantum World
The POG (price of gold) is the inverse of the dollar’s value. The dollar’s value is 100 percent controlled by the Fed, which buys U.S. debt with dollars created out of thin air or sells its debt holdings to extinguish dollars….
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The good, the bad, and the ugly The slow-motion, rolling crypto collapse following the Terra/Luna implosion in May 2022 seems to be gathering pace. Contagion bankruptcies, insolvencies, liquidations, and rumors of such in Celsius, Voyager, 3AC, BlockFi, and other DeFi…
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The British historian and author Douglas Reed on Communist theory: The theory of the Communists may be summed up in the single sentence: Abolition of private property. Klaus Schwab’s World Economic Forum Great Reset, 4th Industrial Revolution, Transhumanism, Digital ID…
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A year ago, I looked at The State of Crypto and found it far from ready for prime time. Amid the proponents attempting to create a useful decentralized cryptocurrency and blockchain that advances Satoshi’s White Paper vision, the industry remains…
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I discussed the size of the Fed’s balance sheet in The Fed, Gold, and MMT and during my interview on Supply Side Podcast with Jonathan Doyle. I also talked about gold manipulation on the podcast. I’ll expand a little on both…
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The price of gold (POG) is the inverse of the value of a country’s currency. Changes in the POG reflect changes in a currency’s value, not in gold’s value which is stable. If gold supply and demand determined the POG,…
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Let’s say that in 1971 you understood what the end of Bretton Woods and the ushering in of the global fiat system meant. You understood that the severing of BW’s gold link and the absence of any monetary standard of…
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The International System of Units (SI), commonly known as the metric system, has seven basic units of measure. the kilogram (kg), for mass the second (s), for time the kelvin (K), for temperature the ampere (A), for electric current the…
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Gold has been money for thousands of years. Gold standards emerged in the late 1600s, and for 300 years major economies of the world were on a gold standard of some form. What is interesting is that there is no…
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Returning to a Gold Standard and Gold Equilibrium looked at the relationship between the optimum price of gold (the price level) and the spot price of gold (POG). A return to a gold standard, without the induced economic stress of…
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