The image above shows a one-kilo bar of gold (worth roughly $150,000 at present). Although my associate was joking when he placed one in his back pocket once, the gesture serves as a reminder of a basic principle of gold ownership: Keep your bullion in a place where you maximise […]
Inflation is an elusive term. In 1983, Webster’s New Universal Unabridged Dictionary defined Inflation as: “An increase in the amount of currency in circulation, resulting in a relatively sharp and sudden fall in its value and rise in prices: it may be caused by an increase in the volume of paper money […]
The above quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States had first expanded the money supply dramatically by offering loans, then contracted the money supply by tightening its requirements for new loans, causing a […]
It will be no secret to readers that more and more people are coming to the realization that the economic, political, and social problems in the world are becoming quite pronounced – worse than at any other point in their lifetimes. Increasingly, such people are turning to publications such as […]
The Cayman Islands is an important jurisdiction to consider in your international diversification game plan. While many countries around the world offer low taxes, Cayman stands apart because of its distinct history and culture that are vehemently opposed to direct taxation. We believe this makes it far more likely that […]
Looking at the above title, the reader may conclude that he has begun to read an article that he might better save until he has a holiday weekend in which to read it. And there can be no doubt that volumes could be written describing the Fed and its inner-workings. […]
For many years, there have been those who have been prognosticating an economic crisis – not just a recession lasting a year or two, but a full-blown Greater Depression that would eclipse any major event we’ve seen in our lifetimes. That may appear to be an overstatement, but historically, it’s […]
Until the 1970’s, most goods consumed by the US were actually made there. Americans were proud of this fact – and rightfully so. Although many items were imported from other countries, the bulk of goods were produced in the US. Hondas and Volkswagens were still referred to as “foreign cars.” […]
In 1776, the Americans had a wonderful new idea for a republic in which each state (a common word for “country” in those days) would exist independently of the others, whilst a federal government would be in place to provide a few additional services, such as the creation of a […]
Periodically, I offer up a statement by Scottish economist Alexander Tytler, who, in 1787, was reported to have commented on the then-new American Republic as follows: A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up […]