“Rather go to bed without dinner than to rise in debt.” Benjamin Franklin We left off last week in 1900 when gold officially became the only metal redeemable by the US government as money. The silver standard was gone as with it went the inflationary impulses of increased silver finds like the Comstock lode that …
Looking Backwards… LB #1 We often talk about what Doomberg says, “Energy is life.” Europe got their energy supply cut off last year and they are feeling the economic consequences, and they will moving forward. Their economy is slowing dying. Their experiment with green energy is blowing up as we speak. Wind energy giant Siemens …
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.”― Norm Franz, Money and Wealth in the New Millennium Today I want to talk about the greatest quarterback of all time. He played in 10 titles games while winning 7 of …
Well hello there… pour yourself three fingers of the good stuff and sit on down. Team format Friday… Here we go from Trump Doral’s blue monster. The golf course is long, difficult and has plenty of rough to give these players fits. Today they are playing team vs team. The only thing that matters …
LB #1 Jim Jordan has tried but could not get enough votes this week to become speaker of the house. He was a little too Trump-ish of a firebrand by all accounts. Its been a couple weeks since Matt Gaetz forced a motion to vacate and we still have no speaker and boy are the …
Well hello there… pour yourself three fingers of the good stuff and sit on down. It’s a beautiful day in the desert. It looks hot and it is. Patrick Reed is in shorts for the first time ever. The umbrellas are out and it isn’t for the rain. The 16th tee shot with the baby …
Do you know what the equivalent of Covid was in the 1840s? It was the American Indian, it was risk versus reward at America’s finest. That’s right as the more daring individuals took off from St Louis Missouri and started the long journey west across the sunlit plains, they encountered the Sioux, the Cheyenne, the …
LBLF #1 The US treasury had a very tepid bond auction this week causing rates to skyrocket after days of flight to safety buying amid the escalation of the conflict in the Middle East. The bond market is missing its biggest buyer: the Fed. When you remove the biggest buyer yields will have to rise …
I’ve spent much of the weekend glued to the events of the Middle East. On Saturday morning, Hamas invaded Israel from the Gaza Strip by air, land and sea. I wrote a bit about this for Looking Backwards Looking Forwards but let’s recap what happened before we try to figure out what is really happening. …
LBLF #1 Hamas attacked Israel by surprise as the world falls further into chaos and conflict. The brutal images of kidnapping, explosions, and civilians being forced to run into the desert for safety are the images we ae consuming this weekend. While we are watching the horrors of war, we try to understand why Hamas …