COLUMBIA, S.C. (Nov. 22, 2019) – A bill pre-filed in the South Carolina House would make gold and silver coins legal tender in the state. Passage of this bill would take a step toward creating currency competition in South Carolina and undermine the Federal Reserve’s monopoly on money. Rep. Stewart Jones filed House Bill 4678 (H.4678) on Nov. 20. Under the proposed law, “gold and silver coins minted foreign or domestic shall be legal tender in the State of South Carolina unde

Rick Rieder highlights the economic policy state-of-play today, and where it may lead to should economic growth falter, productivity not materialize, and populism continue to thrive. The major global central banks continue to draw bigger guns in their battle against deflation, yet in some places, it appears to be of no avail. The fact is that the share of sovereign yields that are in negative territory keeps increasing and the average level of these interest rates becomes eve

Gold has risen to six-year highs in recent weeks as the Federal Reserve has pivoted back toward an easy-money monetary policy. Markets widely anticipate a Federal Reserve interest rate cut this week and the economy appears to be slowing. Peter Schiff recently appeared on RT Boom Bust to explain why he believes this is the beginning of a much bigger long-term rise in the price of gold. And it’s not just because the Fed is cutting rates. "In fact, they are going to cut rates ne

Prime Minister Dr Mahathir Mohamad speaks at the 25th International Conference on The Future of Asia in Tokyo today. (Bernama pic) TOKYO: Prime Minister Dr. Mahathir Mohamad says Malaysia is proposing a new currency based on gold, as this would be more stable than the current currency trading which is manipulative. He said the precious metal could be used to evaluate import and export activities among the East Asian countries. “We can make settlements using that (new) currenc

Are you aware of: (Executive Order 6102) & (The Gold Reserve Act) ​ Today, they might call it a "National Restoration" or "Patriotic Solvency" Soon, your government will pass an "Act" like they did in 1841... or invoke an Executive Order as was done in 1933 (Executive Order #6102) ... or simply issue a mandate to the Secretary of the Treasury (which they did in 1971). When Roosevelt signed Proclamation 2039 in 1933, with one stroke of his pen, FDR shuttered every bank in Am

Uber launched its IPO on Friday. It was less than ideal. Meanwhile, the Federal Reserve is talking about how it wants to tweak its quantitative easing program when the next recession rolls around. Peter Schiff talked about how these things relate — and the “writing on the wall” for the economy in his latest podcast. Instead of buying some fixed amount of Treasurys and mortgage-backed securities, the central bankers have floated the idea of pegging a yield during the next econ

MMT is the socialists’ dream. It officially stands for Modern Monetary Theory but a more appropriate name would be More Money Theory. Because MMT is just a fancy name to justify more money printing, more deficits and more debts. Socialists love MMT, because for a sovereign nation, it justifies constantly living above your means. This is of course nothing new for the US which has practiced MMT for soon 70 years. Not since the early 1960s has the US had a real budget surplus.

There are critical moments in time that can change history. This week I will talk about two lines which are extremely important, as these two lines will change the world for years to come. The first is a Chinese Gold Line which is linked strongly to China’s history. That line has an important connection with what will happen in the world in coming years. The second line is a Maginot Gold Line which will also shape the world for many years or even decades. The history of China

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World’s Monetary Reserves and the End of an Era April 30 (King World News) – Multi-billionaire Hugo Salinas Price: We had been observing the evolution of the total of Central Bank Monetary Reserves for several years, and noted a peak on August 2, 2014, when these Reserves reached a maximum of the equivalent of $12.032 Trillion dollars, according to Bloomberg. As of April, 2019, a review of Central Bank Monetary Reserves, according to Bloomberg, yields some interesting informa

Financial writer and precious metals expert Bill Holter is “not worried at all” about the current price smash down for precious metals. Holter says, “We live in a world where all liabilities are more than all liabilities in history. "This whole system is going to come down. . . If you see a house burn down, the only thing left is the foundation. That’s the only thing left because the foundation doesn’t burn. That’s what gold and silver are, and that’s what’s going to be left

As polling gets under way in India - the largest exercise of democratic choice in the world - voters (where a quarter of the population earn less than $2 a day on average) are being lured by politicians offering illegal handouts. Bloomberg reports that India’s enforcement agencies have so far seized cash, liquor, drugs, gold and other contraband worth 25 billion rupees ($361 million), already double the value of goods seized in the entire 2014 elections. “It is becoming a men

Even though there's MILLIONS of TONS of gold in the Grand Canyon...the Fed and US Treasury still have to Rig the game right before any Fed Announcement! So sad it's come to this. Are you prepared for the coming storm? Food Shortages, water shortages, electrical grid down...this may go on for months, or even years. Proactive preparation eliminates fear and uncertainty. While storing food and water, ensuring the protection of your family with defense tools of your preference,

In today's video, Christopher Greene of AMTV reports on Stock Market Collapse 2019. Are you prepared for the coming storm? Food Shortages, water shortages, electrical grid down...this may go on for months, or even years. Proactive preparation eliminates fear and uncertainty. While storing food and water, ensuring the protection of your family with defense tools of your preference, the ISDA offers the IVA to store your wealth in a measure where neither people nor your govern

- MMT: Modern monetary madness and pet economists - Can this really be a thing? Actually printing money as an economic policy? - Begin structuring portfolios and lives to avoid being in a tunnel with an oncoming train More than 10 years ago some Australian readers begin regaling me with the ideas of economist Bill Mitchell of the University of Newcastle in New South Wales. He was teaching about something he called (and he coined the term) Modern Monetary Theory. I