Tuesday The Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has confirmed that some dubious characters have been running the banking industry in this country. Importantly, and not being discussed, is that it also confirms that ASIC And APRA, the large-budget organizations responsible for supervision of the banks … [Read more...]
The Sage of Szombathely
Sunday For almost seventeen years the world has lived with the threat of the imminent collapse of the paper debt notes system. It has been a fascinating period in humanity’s history. I spent part of the time in the US and part in Europe, just observing the process in the primary spheres of western civilisation. Sure, there have been debt collapses before, with the … [Read more...]
Gold Standard Management
Wednesday “…if central bankers are managing a “gold standard” in order to control monetary policy, whatever it is they are managing is not really a gold standard.” Richard Timberlake (from: Gold Standards and the Real Bills Doctrine in U.S. Monetary Policy) There are necessary elements of the Gold standard that, when present, ensure widespread wealth creation and … [Read more...]
Gold Commentary
The quality of Gold commentary in the media, and in particular the so-called alternative media, is reliably abysmal. They burble on endlessly, while the wide-eyed and breathless nod in wonder. Some are simply frauds and charlatans with a cynicism that knows no bounds; others are just woefully misinformed. This is not a modern phenomenon; it is difficult to find sensible … [Read more...]