Tuesday “There seems to be a correlation between the intensity of the official attacks on Gold and the severity of the monetary crisis.” Hans F. Sennholz We’re experiencing a wonderful ‘correction’ in the dollar price of Gold as I write this. If you’ve been sitting on any dollars, now is the time to leap into action and exchange them for Gold. Unless … [Read more...]
With What is Value Measured?
Monday With regard to the quantification of a good’s value, with what is it measured? How is the subjective value of a good expressed? Well, with money of course; one of the jobs of money in the marketplace is to measure value. For most of the 20th century and at the beginning of the 21st century, the marketplace has used fiat debt notes, otherwise known … [Read more...]
Bitcoin or Goats
Tuesday I listened to a speaker a few days ago explain that Gold was money because it was ‘the most marketable good’ (the preferred trading good in the marketplace). He then explained that silver was what was actually used as most people didn’t own Gold and it was too valuable for marketplace trades. If Menger’s theory that money is so by virtue of the fact that it is … [Read more...]
The One Percent
Friday The term ‘one percent’ is widely identified as those who are perched on top of the system and, accordingly, living the champagne life - while the rest of us, the ninety-nine percent, struggle. They are most commonly typified as the inhabitants of Wall Street. It has become a pejorative. That is all, of course, a generality. Some work their butts … [Read more...]
The Mighty Snails
Wednesday Australian businesses are burdened by regulations (useless ingredients), taxation, litigation and debt. All are increasing. Change is a constant; the speed and scope of change is not. The marketplace is now changing dramatically – and quickly. It is not small business operators that are at most threat, it is the corporations. Small … [Read more...]