When the Fed bailed out the banks in 2008, flooding the system with trillions, you just knew high inflation would be the result. It just had to happen! The government jumped in, borrowing trillions more at historically low interest rates. Not willing to let rates rise to free market levels, the Fed simply created money for the government and put […]
» Read moreWhat is money? Baby boomers worry about retirement, workers never seem to have enough while politicians spend other people’s money recklessly to buy votes. Richard Maybury writes a terrific publication which I highly recommend. His recent issue grabbed my attention: (Emphasis mine) “Ever since President Nixon bamboozled the whole world by sabotaging the gold standard in 1971, there has been […]
» Read moreBest of Dennis… Dennis is tending to his health again but is on the mend and hopes to be back writing very soon. Here’s another article that is very relevant today and worthy of a re-read. This article was originally posted on August 19, 2021. The Jig Is Up! “Today Congress is constantly besieged by minority groups seeking benefits from […]
» Read moreWith the headlines blaring, “‘Extraordinary’ – US Consumer Prices Soar At Fastest In Over 40 Years”, citizens struggle to pay their bills and protect their wealth. Chuck Butler regularly asks his Daily Pfennig readers, “Got Gold?” Why is gold special? As J.P. Morgan said, “Gold is money. Everything else is credit.” Historically people sought a reliable medium of exchange for […]
» Read moreWith all the world turmoil, high inflation, war in Ukraine, China rattling their saber, gold has gone up in price. Trading Economics tracks gold prices for the last 12 months. Less than a year ago, gold was just under $1,700/oz. It recently hit $2,050/oz. and was knocked down $60/oz. the following day. Remember the old saying, there is never a […]
» Read moreBest of Dennis… Dennis is still tending to his health and hopes to be back writing very soon. When looking at past articles and deciding which one to repost for this week, I came across this one. Almost 5 years later and it could pass as a brand new article. I encourage you to read it again. This article was originally posted on January […]
» Read moreIt’s amazing how many childhood lessons apply in today’s complicated world. In grade school, the older boys told us only babies believe in Santa Claus. I told them my mother said, “As long as you believe, there is a Santa Claus.” They made fun of me. I sought the counsel of our neighbor, Sherwin. He was an A student, already […]
» Read moreI was not surprised when the Wall Street Journal reported, “Senate Moves to Confirm Trump Fed Nominee Waller, but Shelton’s Candidacy Hits Likely Dead End.” Waller is an insider, currently working for the St. Louis Fed, while Shelton is an advocate of returning to the gold standard. Ms. Shelton was described by some senators as “radical.” The deep state does […]
» Read moreNo, I’m not talking about the political hatred dividing our country. My concern is something deeper. If it doesn’t end, the political divide will grow worse. Wall Street On Parade (WSOP) reports JPMorgan Chase is caught once again: “…. JPMorgan Chase, the largest bank in the United States, has admitted to an unprecedented five criminal felony counts since 2014 and […]
» Read moreThis Wall Street On Parade headline, Now that Indictments Have Outed Gold Manipulations at JPMorgan, UBS says “Buy Gold” grabbed my attention: “While multiple indictments have been handed down against JPMorgan precious metals traders since last year by the Justice Department, charging some of the traders with RICO (Racketeer Influenced and Corrupt Organizations Act) crimes, the bank itself has yet […]
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