Ask a D.C. insider what’s the best way to solve the debt crisis. Nine times out of ten, they’ll recommend taking on more debt. That’s how things operate in the Potomac swamp. Up is down, right is left, digging yourself into more debt is the best way to get out of it. But it wasn’t always like this. In fact, there used to be common sense when it came to the economy. So where did it all go wrong?
Baron Rothschild, the famous French financier, was once heard to say that he knew of only two men who really understood money — an obscure clerk in the Bank of France and one of the directors of the Bank of England. “Unfortunately,” he added, “they disagree.”
Politicians — elected officials — are street smart rather than book smart. If you care about influencing government policy it helps to know how …
The market has selected different things as money throughout history. Some of these items have served as money in isolated places for specific periods …
The standard version of how money came to be goes like this: First, there was barter. (A handful of nails for a pint of …
Stock investors are still acting as though Janet Yellen will be good for the economy… or at least good for stock prices. Gold investors …
Want to know just how invasive the state is going to get in the United States? Well, take a look across the pond. In …
Stocks settled down recently. The Dow dropped 40 points. Either the market had already priced in “QE forever”… or investors are starting to wonder. …
Jim Rickards lit up the Agora Financial Investment Symposium in Vancouver telling the crowd the price of gold will soar north of $7,000 per …
In recent months, the price of gold has tumbled. Along the way, lower gold prices have undermined the share price of many mining plays. …