Were he around, Adam Smith would marvel. All this talk of a “strong,” “weak,” or as is often said lately, a “mighty” dollar. Wait, what? Money just is, yet pundits of the moment quite literally act as though money grows on trees such that it grows “stronger” today, but perhaps not tomorrow. No, the money discussion isn’t serious. Again, Smith would be aghast.

He would be given his common sense understanding that money’s sole purpose is as a measure to facilitate the exchange of goods and services. Producers of actual goods and services quickly happened on the blinding glimpse of the obvious that barter was inefficient, thus necessitating money. A common agreement among producers about a measuring stick of value would enable producers of varied goods and even more varied wants to trade with each other.

What is the price of gold? Depends upon:

The current estimate (as of 2012) for the amount of gold stock in the world is in the region of 170,000 tonnes. The evidence overwhelmingly states that 170,000 tonnes is probably around 10% of the gold that actually exists.

Somewhere between 1,200,000 tonnes and 2,500,000 tonnes would seem to be a reasonable and conservative estimate. Obviously it could go way beyond 2,500,000 tonnes. What is beyond doubt is that 170,000 tonnes barely represents the tip of the iceberg of the world’s gold stock. Let us be rid of this figure once and for all. It is a folly to keep repeating an obvious error as though it were fact.

I originally published The Great Silver Heist in November, 2004. We recently published an incredibly well researched exposé entitled "The Silver Stealers" by our good friend, Charles Savoie. Through his research, we gain a much greater understanding of the methods and motives of "the Darkside" in their megalomanical attempts to rule the world.

… If you have been paying the least bit of attention to the underlying theme of my rants you would also realize that I consider the "Dark Side" to be made up of institutional wealth in the hands of multinational corporations, the various banking cartels, and "Old Money" elitists that were not responsible for creating the wealth but rather are simply endowed with the ability to wield the power that comes with such wealth. These factions are, IMO, grossly abusing their powers and, as a result, selling out America. They are disrupting the course of natural evolution.

A Reply to Robert Murphy’s ‘Have Anthropologists Overturned Menger?

By David Graeber, who currently holds the position of Reader in Social Anthropology at Goldsmiths University London. Prior to this he was an associate professor of anthropology at Yale University. He is the author of Debt: The First 5,000 Years available on Amazon.

The incredible collapse of value of silver in the 19th century — don't blame Comstock!

The silver standard did not die a natural death.

• It was deliberately killed.
• A proper search for
• the assassins was never carried out.
• There was never a post-mortem.

In this paper we focus on the conspiracy as it might have unfolded between the two dates:

• April 9, 1865 (the day General Lee of the Confederacy surrendered at Appomattox to General Grant of the Union marking the end of the War Between the States) and
• January 1, 1879 (Resumption Day, when payment of the victorious Union’s currency, the greenback was resumed in gold specie — but not in silver).