Tuesday The isolated chatter about central banks going digital has turned into a torrent. That probably means that it is going to happen. The media only runs with the approved narrative. The plan is that as the paper fiats fail, so they will be replaced with electronic money – still run by the same central banks (CBs) geniuses who destroyed the paper … [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...]