Moore’s Law Has Replaced The Gold Standard

By George Smith – Re-Blogged From Gold Eagle

I collect gold in the form of important insights, and in this article I’d like to share some of them with you.

Until a few years ago I never thought of Moore’s Law and a gold coin standard as having an important connection, but they do.  Gary North lays it out (8/17):

The gold standard was an institutional restraint on the expansion of government spending, and central banks were designed to thwart the gold standard. We live in an era of the triumph of central banking. We therefore live in an era of the comprehensive defeat of gold coins as restraining factors on the expansion of the government.

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Time Is Money…Money Is Time

By Alasdair Macleod – Re-Blogged From Silver Phoenix

Life’s but a walking shadow, a poor player who struts and frets his hour upon the stage and then is heard no more. 

(Macbeth)

Our limited time, our brief candle as Shakespeare’s Macbeth had it earlier in the soliloquy quoted from above, may count for very little in the grand scheme of things, but is of the utmost importance to each of us personally. Unlike the other dimensions, height, breadth and depth, the fourth is almost infinite, but individuals enjoy only a small part of it, our three-score years and ten. Time moves on. What really matters is not wasting it.

We may appear to others to be wasting time. But it is not wasting it when we take a break, recharge our batteries, or stop to think. Pleasure-seeking, pursuing happiness, removing uneasiness is making good use of time. We are all different and enjoy different things, so wasting time is not time wasted so long as it our personal choice. No one can allocate time as effectively as the individual. It is intensely personal.

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The Economic Road Ahead

By GE Christenson – Re-Blogged From Gold Eagle

Rules help guide us through uncertainty.

THOSE WHO MAKE THE RULES

For perspective on Washington D.C. and Wall Street, we listen to wisdom and wit from Bill Bonner:

“We look at the passing parade in Washington through a cynical lens…

No situation is so hopeless… so absurd… or so disastrous that the feds can’t make it worse. No policy is too stupid… too counterproductive… or too corrupt that it can’t become the law of the land.

And no man is too craven… too degenerate… or too much of an imbecile to be disqualified from public office.”

The public officials described above make the rules.

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The Prodigal Parent

By Keith Weiner – Re-Blogged From Gold Eagle

The Baby Boom generation may be the first generation to leave less to their children than they inherited. Or to leave nothing at all. We hear lots—often from Baby Boomers—about the propensities of their children’s generation. The millennials don’t have good jobs, don’t save, don’t buy houses in the same proportions as their parents, etc.

We have no doubt that attitudes have changed. That the millennials’ financial decision-making process is different. And that millennials don’t see things like their parents (if you’ve ever seen pictures of Woodstock, you may think that’s not a bad thing). However, we believe that the monetary system plays a role in savings and employment. And the elephant that is trumpeting in the monetary room is: the falling interest rate. Interest has been falling since 1981. That’s when the first millennial was born.

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Another Day Older And Deeper In Debt

By Gary Christenson – Re-Blogged From Silver Phoenix

Official US national debt exceeds $21 trillion. National debt increases over $3 billion per day.

Another day older and $3 billion deeper in debt!

The U.S. government pays the interest by issuing new debt. But that new debt increases total debt and (eventually) drives up interest rates, which requires more borrowing to pay the annual interest payments. Another year older and deeper in debt! A reset will occur when the debt load becomes too heavy.

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Inflation

By Keith Weiner – Re-Blogged From Gold Eagle

What is inflation?

Any layman can tell you—and nearly everyone uses it this way in informal speech—that inflation is rising prices. Some will say “due to devaluation of the money.”

Economists will say, no it’s not rising prices per se. That is everywhere and always the effect. The cause, the inflation as such, is an increase in the quantity of money. Which is the same thing as saying devaluation. It is assumed that each unit of money commands a pro rata share of all the goods produced, so if there are more units then that means each unit is worth less. Value = 1 / N (where N is the number of units outstanding).

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Weekly Market Wrap

By Mike Gleason – Re-Blogged From Money Metals

Tenuous Markets Bracing for Vindictive House Dems, Budget Crunch, plus an interview with Michael Pento.

Listen at DOWNLOAD MP3 or read the podcast below!

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

Coming up Michael Pento of Pento Portfolio Strategies joins me for a conversation you will not want to miss. Michael weighs in on the recent words from Fed Chair Jerome Powell and why he believes the initial reaction from Wall Street about what the Fed will now be doing on interest rates is misguided, and he reveals the inside scoop on why he’s been blackballed by CNBC and others in the mainstream financial media. So, make sure you stick around for an explosive conversation with Michael Pento, coming up after this week’s market update.

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