Roosevelt Also Confiscated Silver in 1933

January 17, 2025

Silver 5000

QUESTION: I made a bet that a friend was wrong that Roosevelt also confiscated silver. I never heard of that, only gold. He said I should write to you and you will decide who wins.

Thanks

FD

1934 8 10 Roosevelt Nationalizes Silver

ANSWER: Sorry, you lose. He must have been at one of my conferences when we discussed that if he told you to ask me. Most people have never heard that Roosevelt also confiscated silver – not just gold. On August 9th, 1934, U.S. President Franklin D. Roosevelt implemented the seizure of all silver situated in the continental United States with Executive Order 6814 – requiring the Delivery of All Silver to the United States for Coinage. This was the same abuse of executive power as Executive Order 6102, which FDR signed on April 5th, 1933, “forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States” with some differences.

Syracuse AR Decadrachm J.P. Morgan

A key difference here with the silver Executive Order 6814 excluded the seizure of all silver coins, whether foreign or domestic. At the same time, Executive Order 6102 only exempted certain types of collectible or numismatic coins from seizure because Teddy Roosevelt had been an ancient coin collector and even J.P. Morgan. Franklin was a stamp collector.

Syracuse Decadrachms

 

In a famous letter to U.S. Secretary of the Treasury L.M. Shaw, dated December 27, 1904, Teddy Roosevelt stated, “I think the state of our coinage is artistically of atrocious hideousness. Would it be possible, without asking permission of Congress, to employ a man like [Augustus] Saint-Gaudens to give us a coinage which would have some beauty?”  He saw the ancient coins as magnificent works of art unprecedented in numismatic history. Teddy saw the ancients as inspiration.

1907_Saint_Gaudens High_Relief_Roman_Numerals_MCMVII

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He had the $20 1907 gold struck in high relief with Roman numerals for the day. But modern machines could not handle this type of work. Only 11,250 were struck before being replaced with the flat-relief design with regular Arabic numbers.

1934 1 Peace Dollar

There was a shortage of silver because people were also hoarding silver after confiscating the gold. There were no silver dollars minted after 1928. Only when Roosevelt confiscated the silver in 1934 did we see 1934 silver dollars being struck again.

UK and Ukraine Sign 100-Year Partnership

January 17, 2025

Starmer.Zelensky.Uk_.Ukraine

UK’s Keir Starmer is eager to sign a 100-year partnership with Ukraine to strengthen security in the Baltic, Azov, and Black Seas and increase economic and cultural ties. The pact will ensure that the UK is obligated to support Ukraine regardless of who comes to power after Starmer. A Russian drone strike targeting Kyiv amid Starmer’s meeting with Ukraine’s President Volodymyr Zelensky strengthened their resolve.

“For me, that drone attack is just really a reminder of what Ukraine is facing every day and a reminder that this war is brought about by Russian aggression,” Starmer told reporters at a press conference in the Mariinsky Palace. “Putin’s ambition to wrench Ukraine away from its closest partners has been a monumental strategic failure,” he added, saying that their partnership has been brought to “the next level.”

Starmer committed £40 million to TIGER (Triggering Investment Growth and Economic Resilience), an economic recovery fund intended to help small and medium businesses in Ukraine. This comes on the heels of London providing £12.8 billion in aid, with £7.8 billion directed toward military assistance.

The UK will also boost its Grain Verification Scheme to track stolen or destroyed grain from occupied territories. The program was created based on the former Soviet government’s seizure of grain from Ukraine in 1932-33, which led to widespread famine and the deaths of nearly 4 million people. The Soviets starved their own people during that period as Communism failed, which is why Yeltsin handed over Russia to Putin to prevent the old oligarchs from reverting back to failed policies.

Ukraine believes this partnership will help it fast-track its way into the NATO alliance. In recent days, nations like Poland have been recklessly calling for Ukraine to urgently join bloc, which would IMMEDIATELY begin the next world war. Everyone is keen to aid Ukraine in its war efforts but no one is willing to speak with Putin directly or discuss what actions must be taken to bring about peace.

It is of no coincidence that NATO nations are calling to raise funding and strengthen ties with Ukraine as Donald Trump comes to power. The UK and Germany are Ukraine’s top supporters behind the US. There is no plan for the war effort to wane or for peace to be presented as an option. It is interesting how, during the last world war, the UK under Churchill was the one to help push the US to join the effort. Alliances have been cemented, and Russia is keenly aware that they are soon to be at war with not only Ukraine but nearly the entirety of the West.

NATO Urges Cuts to Social Programs to Finance War Machine

January 17, 2025

Rutte Mark with Zelensky

NATO’s new Secretary-General Mark Rutte believes that members must reduce spending on social programs to redirect funds into the war effort. Rutte is prepared to spend as if NATO were already at war. Social security programs and pensions must come secondary to the neocon agenda.

“On average, European countries easily spend up to a quarter of their national income on pensions, health and social security systems, and we need only a small fraction of that money to make defense much stronger,” Rutte told MEPs. NATO knows that incoming President Donald Trump will no longer subsidy other member states. Trump is calling on all NATO members to up their spending to 5%, but Rutte believes the best they can muster “will be impressively more than the 2 percent” initial target.

Rutte said it’s crucial to “bring NATO and the EU closer together” as it can no longer rely on the US for unlimited funding. The neocon retirement home refused to meet their obligatory 2% target until recent years on the heels of Trump initially threatening to pull out of the alliance followed by the Russia-Ukraine war. It’s highly unlikely that the organization would be calling for emergency funding if we were looking at a Kamala presidency. Most nations STILL cannot or will not meet their 2% target. These nations never had the pressure of finding funding since the US was always willing to write the check.

NATO vs. Russia

“We are not at war, but we are not at peace either,” Rutte commented. No peace is the precise agenda. There could be peace as no allied nation has been threatened. The threats are coming from within the alliance as a fear-mongering tactic. “We are safe now, but not in four or five years,” he said, adding later that if spending doesn’t go up Europeans should “get out your Russian language courses or go to New Zealand.”

The Dutch are familiar with Rutte’s rhetoric. Naturally, no plan was presented, but the people should be aware that politicians are prepared to punish civilians, including those who paid into poorly managed social systems throughout their long, tax-paying lives.

Myopia in Children on the Rise Post-Pandemic

January 17, 2025

Vision of Future

Nearsightedness or myopia occurs when objects look blurred at a distance. The British Journal of Ophthalmology recently published a report that found a significant increase in myopia among children and teens since the beginning of the COVID-19 pandemic of 2020.

“Emerging evidence suggests a potential association between the pandemic and accelerated vision deterioration among young adults,” states the report. The researchers carried out 276 studies across 50 countries with a total of 5,410,945 participants. Instances of nearsightedness in children and teens has tripled in the past three decades, which one could assume is the result of an increase in screen time as children stare at tablets, phones, and computers for hours on end.

Yet, there was a significant increase in cases of myopia after the pandemic. “Myopia has increased dramatically during the period of COVID,” said Lisa Christian, associate director of clinical practice at the University of Waterloo School of Optometry. “When we’re indoors, we’re focused on near work most of the time, we’re looking at one spot. When we’re outside, we’re looking far away, so we’re relaxing our eyes.”

AmnestyCovid

The University of Waterloo confirmed these findings in a 2018 study that found that one hour of outdoor time could reduce a child’s chances of developing myopia by 14%. “Time spent outdoors was the only child activity to have a significant impact on myopia,” the study stated. Studies in Germany and Australia found similar results.

Developing eye problems at a young age poses a great health risk in the long-term. “As your prescription gets bigger and bigger, you are at risk in your lifetime of other health issues related to the eye,” a pediatrician and ophthalmologist from Calgary stated. Those with a prescription of -6.00 or higher are at an increased risk of developing retinal tears, glaucoma, and cataracts. To the extreme, these issues can lead to vision loss.

The British Journal of Ophthalmology stated that nearsightedness will affect over half of children worldwide by 2050. This is an important study to pin as an additional repercussion of COVID lockdowns. Children were prevented from going outside or living anything that resembled a normal life. Those repercussions did not end with the lockdowns. And yet, no one has been held accountable for the crimes against humanity that changed the world.

Market Talk – January 16, 2025

January 16, 2025

Market Talk 2017

ASIA:
The major Asian stock markets had a green day today:
• NIKKEI 225 increased 128.02 points or 0.33% to 38,572.60
• Shanghai increased 8.92 points or 0.28% to 3,236.03
• Hang Seng increased 236.82 points or 1.23% to 19,522.89
• ASX 200 increased 113.70 points or 1.38% to 8,327.00
• SENSEX increased 318.74 points or 0.42% to 77,042.82
• Nifty50 increased 98.60 points or 0.42% to 23,311.80
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00114 or -0.18% to 0.62161
• NZDUSD increased 0.00004 or 0.01% to 0.56129
• USDJPY decreased 1.143 or -0.73% to 155.324
• USDCNY decreased 0.00131 or -0.02% to 7.34784
The above data was collected around 13:01 EST.
Precious Metals:
•  Gold increased 27.88 USD/t oz. or 1.03% to 2,722.78
•  Silver increased 0.211 USD/t. oz. or 0.69% to 30.876
The above data was collected around 13:06 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
•  CAC 40 increased 160.15 points or 2.14% to 7,634.74
•  FTSE 100 increased 90.77 points or 1.09% to 8,391.90
•  DAX 30 increased 80.71 points or 0.39% to 20,655.39
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00115 or 0.11% to 1.03005
• GBPUSD decreased 0.00018 or -0.01% to 1.22402
• USDCHF decreased 0.00209 or -0.23% to 0.91076
The above data was collected around 13:11 EST.

US/AMERICAS:

US Market Closings:

  • Dow declined 68.42 points or -0.16% to 43,153.13
  • S&P 500 declined 12.57 points or -0.21% to 5,937.34
  • Nasdaq declined 172.94 points or -0.89% to 19,338.29
  • Russell 2000 advanced 3.5 points or 0.15% to 2,266.79

 

Canada Market Closings:

  • TSX Composite advanced 56.9 points or 0.23% to 24,846.2
  • TSX 60 advanced 4.42 points or 0.3% to 1,490.46

 

Brazil Market Closing:

  • Bovespa declined 1,372.85 points or -1.12% to 121,277.35
ENERGY:
The oil markets had a mixed day today:
•  Crude Oil decreased 1.098 USD/BBL or -1.37% to 78.942
•  Brent decreased 0.645 USD/BBL or -0.79% to 81.385
•  Natural gas increased 0.0773 USD/MMBtu or 1.89% to 4.1603
•  Gasoline decreased 0.0403 USD/GAL or -1.86% to 2.1297
•  Heating oil decreased 0.0087 USD/GAL or -0.33% to 2.6203
The above data was collected around 13:13 EST.
•  Top commodity gainers: Steel (2.55%), Cheese (2.07%), Lead (2.20%) and Wool (3.12%)
•  Top commodity losers: Canola (-2.97%), Cocoa (-3.67%), Butter (-3.24%) and Orange Juice (-3.49%)
The above data was collected around 13:22 EST.
BONDS:
Japan 1.2100% (-4.6bp), US 2’s 4.24% (-0.028%), US 10’s 4.6100% (-4.7bps); US 30’s 4.85% (-0.029%), Bunds 2.5135% (-1.4bp), France 3.335% (-1.2bp), Italy 3.6470% (-4.25bp), Turkey 26.41% (-9bp), Greece 3.332% (-0.8bp), Portugal 2.959% (-0.7bp); Spain 3.176% (-2.4bp) and UK Gilts 4.6810% (-5.2bp)
The above data was collected around 13:26 EST.

Volcanic Activity on the Rise

January 16, 2025

 

VOLCANOES Y Chart 11 29 22

QUESTION: You have opened my eyes to the fact that volcanoes. I believe your computer was forecasting a rise in volcanic activity starting in 2025. Do you have any data that can suggest the risk from the supervolcano at Yellowstone?

Pat

VOLCANOES Y Array 11 29 22

ANSWER: The Yellowstone supervolcano in Wyoming is one of Earth’s most potent volcanic systems. Known for its catastrophic eruptions in the distant past, it remains a natural wonder for tourists and keeps scientists on their toes. Recent studies have revealed subtle but intriguing activity deep beneath its surface, prompting questions about the volcano’s future behavior.

The data is too vague to make an accurate forecast. We know there were pretty sizeable rhyolitic lava flows in the caldera between 180,000 and 70,000 years ago. That does not help with a cyclical model. We can see evidence that a very steep caldera wall, 500 m tall, formed when the eruption of Lava Creek was estimated to be about 640,000 years ago. The thick West Yellowstone rhyolite lava flow was part of the 110,000 years ago, and the Nez Perce Creek flow erupted 160,000 years ago.

The historical data for Yellowstone is not sufficient to create a forecast. We must correlate this with regions where we have more data.

Naples Super Volcano 1024x551

There are a number of Supervolcanoes around the world, and perhaps the most recent one to erupt was in Italy. The BBC and the Discovery Channel story on Yellowstone 2005 popularized the term Supervolcano. According to the United States Geological Survey (USGS), a supervolcano is any volcanic center that has explosively erupted at least 1,000 cubic kilometers (240 cubic miles) of fresh volcanic material in a sudden, violent manner – in a so-called supereruption – often producing a huge depression crater named a caldera. Italy’s Campi Flegrei volcano has been showing signs for the first time in nearly 400 years that it is still alive and well and capable of making many people experience a very bad day.

Aside from Yellowstone, the largest volcanic eruption in the Northern Hemisphere in the past 100,000 years has been attributed to a Supervolcano, which erupted some 39,400 years ago in what is known as the Phlegraean Fields by Naples, Italy. This has been documented from several sources. The ashes from this eruption were distributed over the entire eastern Mediterranean and up to central Russia. This colossal event also produced a Volcanic Winter, the worst thing for the rest of the world, which resides at a safe distance from the actual Supervolcano.

We are witnessing a rise in volcanic activity as we enter solar minimum. Hopefully, we are not facing a catastrophic volcanic winter period. However, it also raises concerns that a pole shift can be far more rapid than previously anticipated. I believe that people prefer to assume uniformity rather than a catastrophe. A stalagmite-based paleomagnetic record of the post-Blake excursion reveals details of repeated polarity drifts that have occurred during periods of low geomagnetic field intensity at 100 thousand years before present around the time of this Naples eruption. One surprisingly abrupt centennial reversal transition occurred in 144,000 provides unprecedented evidence that raises fundamental questions about the speed of geomagnetic field shifts. Such rapid polarity changes could severely affect satellites and human society if the current geomagnetic field intensity decreases.

We have a pole shift, climate change, and volcanic eruptions that seem to be correlated. Our correlation models have warned that this is something that needs to be investigated. For the first time, laying out this record produces what appears to be a single geological archive, creating a precise chronological order. These types of events can take place in the space of even just a single decade.

The recent events at the Campi Flegrei volcano have, for the first time in nearly 400 years, provided a warning sign. The ground at the center of the caldera has bulged up by 4 meters, warning that lava is collecting once again. This uplifting curiosity began in 1985 with this ECM wave. Since July 2024, there has started to be a swarm of earthquakes, which is never a good sign. Vesuvius’s two most recent eruptions were 1875–1906 and again 1913–1944. There is a cyclical risk of this rising again between 2025 and 2030.

 

catacomb 1

Keep in mind that the eruptions at the Supervolcanic level took place around 315,000, 205,000, 157,000, and 18,000 years ago. A minor event is still at the level of Vesuvius as in 79AD – nearly 1850 years ago. So, while we no doubt face a major Supervolcanic event, we may see major volcanic events that are still not at the supervolcano level. Anyone who has visited Rome has most likely visited the catacombs. These underground tunnels are volcanic in nature and around Rome, mainly consisting of a variably soft stone called tuff (tufa). This was soft enough terrain that was well suited for catacomb burial. It was relatively easy to dig tunnels for galleries. All of this is from this region of the Naples and the supervolcano.

 

DEI Indoctrination Shapes Students’ Political Views

January 16, 2025

DEI TextLGBTQ

Educators throughout the nation have been pushing Diversity, Equity, and Inclusion (DEI) programs. Rarely has the system stopped to consider how the students feel about such measures. College Rover conducted a study that found DEI measures are influencing students’ political leanings and sometimes increasing racial bias in the classroom.

We can expect the study to be skewed as students aim to please educators with the “right” answers; therefore, they must be left. Around 30% of college students who participated said that DEI measures influenced their voting preferences and political views. Around 15% said DEI was shoved down their throats as early as middle school, a number that certainly increased in recent years as a result of divisive politics. Nearly half (49%) said they are more open to “diverse perspectives” after undergoing DEI education.

From pre-teen to young adult, two in five students in the US have taken a class that specifically focuses on gender, race, or identity. About 57% said the training or indoctrination made them more aware of systemic barriers or inequalities. Another 54% said that the programming has shaped their perspective on equality and social justice. Another 53% understood the message that they were either privileged or discriminated against.

DEI

Not everyone is receptive. One in 10 students reported feeling uncomfortable discussing gender, sexual identity, or race in the classroom. Those students reported that they feared being misunderstood. The fact of the matter is that one could not have a dissenting opinion without backlash. Grades are at risk if they disagree. One of my employees who attended university 10 years ago told me that she was forced to hand in reports from the perspective of a liberal to avoid having her grades lowered, and that was before the whole gender identity issue or DEI measures came into play.

Rutgers University conducted a study that found that sound DEI initiatives can increase hostility and division among students. “The prominent ‘anti-oppressive pedagogy’ in DEI programming can carry perceived rhetorical threats for those whose politics or other beliefs run counter to the fundamental premises of the critical paradigm from which the pedagogy derives,” the report found. Anyone who holds a dissenting belief is labeled “oppressive, racist, or fascist” in front of their peers.

“Across all groupings, instead of reducing bias, [DEI trainings] engendered a hostile attribution bias (Epps & Kendall, 1995), amplifying perceptions of prejudicial hostility where none was present, and punitive responses to the imaginary prejudice,” the scholars stated.

Lee Jussim, a Rutgers psychology professor and one of the report’s authors, stated to Campus Reform that even those when academia were “met by academic outrage mobs” if they questioned DEI programs. They explained that journals would refuse to publish any articles or studies critical of DEI, or they would be pressured to retract any published studies that were not in alignment with the agenda.

Teachers spend a semester or a year insisting, causing discord between students. These students are privileged and should feel ashamed for their race or gender, but these students should fall into a victim mentality and feel anger toward their peers. Take tests and submit reports reaffirming the school’s belief on DEI throughout the entirety of your education. Public education has become an indoctrination center for the left to shape young minds as they see fit.

Spain Introduces 100% Real Estate Tax for Non-EU Residents

January 16, 2025

Spain.Houses.RealEstate

Governments worldwide are at a loss on how to solve the housing crisis. Prime Minister Pedro Sánchez of Spain believes placing a 100% tax on properties purchase by non-European Union residents will solve the crisis. He’s wrong.

“The West faces a decisive challenge: To not become a society divided into two classes, the rich landlords and poor tenants,” Sánchez said. An estimated 700,000 properties sold throughout the nation in Spain, the second-highest volume of sold homes in over 15 years. Non-EU residents accounted for a mere 27,000 home purchases. News outlets like BBC are stating that foreigners composed 15% of the Spanish housing market in 2023 but they are also including EU residents who will not be burdened by this tax. The German and French, for example, are large purchasers of properties in Spain.

The government has not said when this will go into effect. What they fail to realize is that the average real estate investor may purchase a handful of properties and rent a few out. They are not buying anywhere near the level of massive funds like BlackRock who have taken over the residential real estate market globally in recent years. The government is not calling out these funds because they partner with them to create new housing, student residences, and co-living options. BlackRock and others can be considered a necessary evil to some extent as there is a severe housing shortage in comparison to demand. However, the president said he wanted to target those looking to profit from real estate but failed to target actual investment funds. The government always targets higher net-worth INDIVIDUALS looking for passive income.

BlackRock

Then at the same time, Spain is eliminating a fast-tracked residency program called the “golden visa.” This program was intended to attract high-net-worth individuals who are able to spend a minimum of €500,000 on housing. These individuals would have paid taxes into the economy and likely intended to live there for a portion of the year, spending more money in Spain.

Let us not count out okupa laws that not only legally permit squatting, but it forbids homeowners from evicting squatters. Over 55,000 complaints regarding illegal occupation have been filed in the last four years. Not only are squatters permitted to stay in unoccupied housing, but the landlord has an obligation to keep the utilities on AND pay for them.

Open borders certainly are not helping, as 63,970 new migrants entered the nation last year, a 12.5% increase from the year prior. The government says they are curbing migration since figures are down from the 2018 high of 64,298, but nations, especially coastal nations, cannot truly calculate everyone who illegally enters.

No one in government will ever question, “Has this been done before? If so, what was the outcome?” Canada attempted to charge an albeit smaller 25% entry tax on real estate for foreign buyers, but good luck finding a home there. I believe these measures are simply smoke and mirrors. The concept appeases the people who are struggling to afford housing and the government can say that they attempted to combat the problem.

People Fleeing Meta Social Media Platforms

January 16, 2025

Facebook

There is a call to delete META platforms in the wake of the TikTok ban that Mark Zuckerberg eagerly lobbied. The establishment blatantly controls mainstream media to the extent that countless outlets would like people to believe that the recent exodus of META users is due to Zuckerberg ending his widespread misinformation fact-checking centers. The people finally see that banning the last frontier for free speech is about government control.

Searches such as “how to delete all photos Facebook,” “alternative to Facebook,” “how to quit Facebook,” “how to delete threads account,” and “how to delete Instagram account without logging in” have increased by 5,000%. “How to permanently delete Facebook” reached a maximum score of 100 based on Google Trends, indicating that people are acutely interested in foregoing social media altogether. We would have seen a mass decline in X and TikTok users if people were concerned about “misinformation.”

Zuckerberg Washington

Furthermore, Red Note, the Chinese version of TikTok, has been the #1 downloaded app since the Supreme Court ruling. The government is shocked that the people did not simply leave in favor of US censorship. American youth in particular are willingly signing up for an app that is actually controlled by the CCP to defy the government. The entire premise for the ban has backfired.

The US government is the only entity concerned about “misinformation” or the public sharing ideas that may contradict the narrative. President Joe Biden manipulated Facebook/META before taking office and used the platform as a key propaganda tool before and during his failure of a presidency. “Telling the truth matters … it’s just completely contrary to everything America’s about. We want to tell the truth. We haven’t always done it as a nation, but we want to tell the truth … I think it’s really shameful,” Biden said in regard to Zuckerberg steering to community fact-checking.

Zuckerberg turned on the US government when his platform was under fire for violating the First Amendment. He testified under oath that Joe Biden and US intelligence services forced him to censor American voices.

Zuckerberg told Joe Rogan that the censorship peaked during the pandemic when people were desperately searching for the truth. “This hit the most extreme. I’d say it was during the Biden administration when they were trying to roll out the vaccine program. Now I’m generally pretty pro rolling out vaccines, I think on balance the vaccines are more positive than negative but I think that while they’re trying to push that program, they also tried to censor anyone who was arguing against it,” he stated.

T Shirt Afraid of Government

The masses are waking up in the post-COVID era and realize that the government is NOT there to help.

WE THE PEOPLE are no longer ignorant of the government’s control tactics. Quite frankly, everyone is absolutely fed up with the extreme lengths that the government has taken to stifle American voices. They first silenced conservative voices, and now they are silencing everyone with the TikTok ban under the guise of national security. Over 700,000 people thus far would rather willingly hand over their data to the Chinese Communist Party than allow their elected officials to silence them.

Can Anything Be a Store of Value?

January 16, 2025

Bitcoin M Tech 1 15 25

QUESTION: I understand that you dispute that cryptocurrency is a store of wealth because it is outside the central banks. Is this your position? Could you explain?

Respectfully submitted

Josh

ANSWER: Whoever made up this BS is most likely from the Deep State trying to control capital flows and economically imprison everyone. There is ABSOLUTELY NOTHING that is a store of wealth. Looking, Investopedia defines this term:

“What Is a Store Of Value?

A store of value is an asset, commodity, or currency that maintains its value without depreciating. “

Private Assets Government Assets

It does not matter what money might be. There has been a boom and bust in every economy regardless of what they have used for money. This is an entirely Marxist Utopian idea. Why? Because to be some store of value means it CANNOT FLUCTUATE!!!!! This has stemmed from people who (1) do not understand that there are business cycles and (2) think, like Keynes and Marx, that the government can eliminate the business cycle and smooth out the economy. I had a conversation with Paul Volcker, former Chairman of the Federal Reserve. Paul admitted that the business cycle always won and that the “new economics” (Keynesian Economists) failed back in the 1970s (see his Rediscovery of the Business Cycle).

Burns Arthur

Arthur Burns, Fed Chairman, came up with the same conclusion when Bretton Woods collapsed: that the business cycle always wins. Everything rises and falls based on supply and demand. Anyone telling you that Bitcoin is a “store of wealth” is either outright lying to you or they are ignorant of what they are talking about. Nothing ever is a store of wealth because everything rises and falls.

This is why the central banks cannot control inflation, no less money supply. I you sell an office building for $1 million to another person in your country, the money supply is not impacted. However, if you are in Britain as back in 1985, when the pound fell to $1,03, Americans were buying up everything like it was on sale at Harrods. The Brits thought the Yanks were crazy buying at the top of the property market and they were wrong for everything boomed thereafter. Why?

Supply Demand

If I bought an office building in London at that time, I would have to bring in the cash from America, convert it to pounds, and buy the building. Thus, I increased the domestic money supply with important cash, and the central bank had nothing to do with that. NOTHING is a store of wealth EVER, no matter what it is, because everything will rise based on demand and crash when you can’t give it away.

Roman decline silver content monetary system Armstrong Waterfall effect

This is why empires rise and fall. Nothing has ever remained a flat line in terms of value.

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