Make war on machines. And in particular the sterile machines of corporate death and the robots that guard them.
--Abbie Hoffman
Shh, they might hear you…
Well, we at WealthCycles actually like our machines quite a lot—they are after all ...
While the pundits hash over the putative causes of rising gasoline prices—Mideast tension, refinery shutdowns, speculation—the harsh reality is that pump prices are going to continue climbing because they still have a long way to go. In reality, what Am ...
The dollar, mentioned twice in the U.S. Constitution, was a solid silver coin. We had a $20 gold coin in America not that long ago. There is a historic precedent, saving wealth in this manner is simple.
There is going to be a point at which the herd ...
Welcome, WealthCycles readers. As many of you already know, Warren Buffet released his annual letter to shareholders for 2012 over the weekend. His letter is lengthy, so we cut it down to a fun report on the most important subject, gold, and l ...
Nowhere in the world is gold a more significant cultural touchstone than India. Last Sunday, CBS broadcast news magazine 60 Minutes examined India’s deep cultural and religious attachment to gold , a connection that has made India one of the world’s ...
Gresham’s Law states that when a government (or governments) forcibly overvalues one money and undervalues another, the undervalued money will disappear, and the overvalued money will flood into circulation. The popular simplification of Gresham’s Law i ...
“In truth, the gold standard is already a barbarous relic.”
--John Maynard Keynes, Monetary Reform
The free market proponents at TheDailyBell.com took on investment strategist Don Hays yesterday in a response to Hays’ video clip on Y ...
With all the anti-Wall Street fervor going around, this Saturday is Bank Transfer Day—a day when people are going to transfer their money currency out of too-big-to-fail banks and into community banks and credit unions. This. of course, could ...
It’s easy for us to understand why currency and money are so important—they leapfrog the age-old problem that economists call a theoretical double coincidence of wants . Before money, most economists believe that barter, or goods for goods exchange, ...
“If you don’t know the game and the rules that we’re playing by, you’re gonna get slaughtered!”
Presenting to an investors conference recently in Puerto Rico, Michael Maloney shares his perspective on today’s global economy and how to get ready for ...