FROM THE WEEK”
Alaska: Volcanos and earthquakes (Report)
Energy: Some unwanted realities of coal (Article)
N ATO: Another view (Article)
Delaware: Speed law punishes poverty (Report)
Healthcare: New limits on short term plans will hurt the insured (Report)
The Pandemic: About 30% of U.S. COVID deaths weren’t from COVID (Report)
U.S. Inflation: Lower inflation is transitoey (Article)
The U.S. Economy: Following a Japanese path (Article)
More U.S. Economy: The vanishing retirement hopes of Generation X (Article)
Russia: Curbing thought crimes on the internet isn’t easy (Article)
Racism: Candidate receives $2M for failing New York teacher’s exam (Report)
Chat GPT: Capabilities vary over time (Report)
U.S. Home Sales: Significant decline (Article)
Seized Iranian Oil: Unsalable as U.S. Companies refuse to handle (Report)
Electronic Warfare: Update (Article)
U.S. Artillary: Update (Article)
China: Chi’s inexorable march toward war (Article)
Porttable Generators: Now U.S. Federal target (Report)
Syria: Update (Article)
U.S. Auto Theft: Up 33% led by Kia and Hyundai (Report)
Food: Soybeans genetically altered to produce pig protein (Report)
Science: Theory of dark matter facing questions? (Report)
The Climate: Are we having record heat? (Article)
It’s morning in America – (Again) (Article)
surveillance: The next phase? (Article)
U.S. Money: Fed Now is live, opening the road to digital money (Article)
The Pandemic: Study showing COVID vaccines kill people removed (Report)
Energy: Bien Administration proposes higher oil and gas lease prices (Report)
Chicago: 4 dead, 37 wounded in weekend shootings (Report)
EDITORIAL: Money, Gold and Government
When silver and gold coinage was common, governments diluted precious metal content of their coinage with base metals to inflate their currencies and thus extend spending. Later, gold backed paper money made it easier; they just declared that an ounce of gold was worth more paper money. Almost the first act of President Roosevelt at the start of the Great Depression was to increase the cost of gold from some $20 to $35 an ounce. If that seems impressive, note that at this writing, an ounce costs $1,955. Compared to later U.S. Governments, President Roosevelt was a piker. And accumulating dollars for any length of time is a demonstrated fool’s game. The President was not a fool; owning gold bullion became illegal until the fiat dollar was fully disentangled from gold.
Now, Russia and the other BRICE countries are reportedly challenging the declining fiat U.S. Dollar with a new currency, apparently to be backed by gold and/or commodities to compete with the fiat dollar while the latter is succumbing to unsustainable debt plus inflation. However, another BRICE official and Russian financial sources have denied this. Regardless, international dollar hegemony seems terminal, debauched by the U.S. Government.
Against this background, most of the significant planetary governments are investigating electronic fiat currencies (CBDC) in the hope of eliminating physical cash and initiating money that will be observed and controlled by the government, thereby providing simultaneously observation and control of its users, the citizens. This seems guaranteed to put the presently somewhat authoritarian trend affecting allegedly democratic governments on steroids. Watch for an intensifying buildup in propaganda against the very idea of hard currencies, particularly anti-gold. And don’t look for any currency exchangeable for gold; that would render stealing your wealth via currency manipulation too difficult for governments.