Wednesday When the dollar falls, it registers as the price of gold (POG) rising; when the dollar rises, then it registers as the POG falling. Gold is the only real measure of value and it has been measuring the US$ as rising in value for a while now. Most of that rise (demand) is due to the necessity to service the massive world-wide debt, much of which is … [Read more...]
From Tribes to Societies and Back Again
Thursday In Dawn of Gold, I pointed out the hitherto unremarked fact that all human groupings are brought about by the need to exchange – whether of sperm/egg cells, goods, services, companionship, hunting skills etc. All congregations, both large and small, are a demonstration of this phenomenon. Without this need to exchange, tribes would never have formed. … [Read more...]
Social Collapse
Wednesday Society evolved from tribalism. The process was simple, though unique to one place and time. Basic trading between tribes had always occurred. It was the emergence of money, with its unique property of being a store of stable value over time, which took trading to a much more sophisticated and complex level by allowing for the accumulation of … [Read more...]