by Ralph Benko | Aug 9, 2012 | Uncategorized
Originally posted Thursday, August 09, 2012 Share “…knavish tricks, will turn vice into legal virtue; and will sanctify iniquity by law.” The papers of America’s founders are replete with acute criticism of paper money not convertible to a fixed weight of gold. ...
by Ralph Benko | Aug 7, 2012 | Uncategorized
Originally posted Tuesday, August 07, 2012 Share “At the constitutional convention the founding fathers explicitly voted not to grant the national government the power to emit bills of credit….” A recent posting here praised the erudite Prof....
by Ralph Benko | Aug 4, 2012 | Uncategorized
Originally posted on Saturday, August 4th, 2012 Hans Christian Andersen’s iconic children’s story, The Emperor’s New Clothes, is another perfect parable for the monetary tragedy (or farce) besetting the world. From the knaves’ appropriation of...
by Ralph Benko | Jul 31, 2012 | Uncategorized
Originally posted on Tuesday, July 31st, 2012 Audit the Fed? The US House of Representatives voted, recently, by an overwhelming margin, to pass the Federal Reserve Transparency Act of 2012, popularly known as “Audit the Fed.” Were it to pass in the Senate and be...
by Ralph Benko | Jul 28, 2012 | Uncategorized
Originally posted Saturday, July 28, 2012 Share “For the last 26 years, the price of gold dictated the price of oil with 99.579 percent accuracy.” Michael Jagger recently published a column in The Washington Times fact-checking a report by Fox 19...
by Ralph Benko | Jul 26, 2012 | Uncategorized
Originally posted Thursday, July 26, 2012 Share “The international gold standard at the beginning of the 20th century operated smoothly to facilitate trade, payments and capital movements.” — Robert Mundell “The Royal Swedish Academy of...
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