“In fact, it is easier for governments to control the spending of people in debt than those with savings. A person with financial resources is free, while debtors are hostage to their creditors.”H.S.H. Prince Michael of Liechtenstein The rare resilience and the economic and strategic prowess of the Principality of Liechtenstein have elevated the small alpine nation to a bright example internationally in terms of prudent governance. It offers countless lessons in long-term planning, in...
Read More »THE ROAD TO SERFDOM – BY THE EXAMPLE OF VENEZUELA – PART II
“Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.” Ludwig von Mises, On the Manipulation of Money and Credit, p. 48 Claudio Grass (CG): We have all...
Read More »The Road to Serfdom – by the example of Venezuela – Part I
“Venezuela is the current poster child of interventionist failure” When looking at the quality of the media coverage of Venezuela’s crisis and the interpretations of the factors that caused it, the superficiality of most analyses quickly becomes apparent. The explanations offered by many “experts” and commentators largely ignore the country’s history and fail to take into account the pre-existing political and economic dynamics that heavily contributed to, if not predetermined,...
Read More »In defense of Switzerland
Prof. Angelo M. Codevilla An interview with Prof. Angelo M. Codevilla Following decades of the propagation of a false historical narrative regarding Switzerland’s role during WWII, an entire generation, especially in the West, has grown up with a distorted version of events, based on unfounded and unsubstantiated claims. To set the record straight, Claudio Grass interviewed Professor Codevilla, whose book “Between The...
Read More »All this borrowing to consume is unsustainable and the bill is overdue
INTERVIEW WITH KEITH WEINER June has been an interesting month for gold, as geopolitical events, market fluctuations and developments on the monetary policy front fueled an exciting ride for the precious metal. As long-term investors with a strict focus on the big picture, short-term moves and speculative angles are largely irrelevant in and of themselves, but they do provide important signals that, without fail,...
Read More »In defense of Switzerland
An interview with Prof. Angelo M. Codevilla Following decades of the propagation of a false historical narrative regarding Switzerland’s role during WWII, an entire generation, especially in the West, has grown up with a distorted version of events, based on unfounded and unsubstantiated claims. To set the record straight, Claudio Grass interviewed Professor Codevilla, whose book “Between The Alps and a Hard Place“, examining the real history of the Swiss in WWII, has made a significant...
Read More »All this borrowing to consume is unsustainable and the bill is overdue
INTERVIEW WITH KEITH WEINER June has been an interesting month for gold, as geopolitical events, market fluctuations and developments on the monetary policy front fueled an exciting ride for the precious metal. As long-term investors with a strict focus on the big picture, short-term moves and speculative angles are largely irrelevant in and of themselves, but they do provide important signals that, without fail, confirm the strategic superiority of precious metals holdings in this...
Read More »Gold is the secret knowledge of the financial universe
Interview with Chris Powell Every seasoned gold investor and every student of monetary history has likely stumbled upon various theories about institutional manipulation of the gold market. While it is true that rarely is there smoke without fire, it is still important to approach this matter rationally and form opinions based on sound evidence and solid research. This is why I have personally been following the work of...
Read More »Gold is the secret knowledge of the financial universe
Interview with Chris Powell Every seasoned gold investor and every student of monetary history has likely stumbled upon various theories about institutional manipulation of the gold market. While it is true that rarely is there smoke without fire, it is still important to approach this matter rationally and form opinions based on sound evidence and solid research. This is why I have personally been following the work of the Gold Anti-Trust Action Committee Inc (GATA) for quite some time....
Read More »Cool Video: Sketch of Bullish Case for Gold
I know some people who are always bullish gold. I am not. In fact, I often think I can find higher returning assets. However, I have recently have turned bullish gold, and while in Toronto on business, I was invited to the set of Bloomberg to discuss my change of heart. Many of the reasons the gold bugs cite would seem to justify owning gold bullion not paper claims on gold, like gold mining companies or gold ETFs. The...
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