Entries by Keith Weiner

The Great Gold Upgrade, Report 15 July 2018

In part I the Great Reset, we said that a reset is a terrible thing. The closest example is the fall of Rome in 476AD, in which more than 90% of the population of the city fled or died. No one should wish for this to happen, but we are unfortunate to live under a […]

The Great Reset, Report 8 July 2018

Before it collapsed, the city of Rome had a population greater than 1,000,000 people. That was an extraordinary accomplishment in the ancient world, made possible by many innovative technologies and the organization of the greatest civilization that the world had ever seen. Such an incredible urban population depended on capital accumulated over centuries. But the […]

Nevada Introduces Gold Bond Legislation

Assemblyman Jim Marchant announced the Nevada Gold and Silver Enabling Act on July 2. This is an idea that Keith has been developing and writing about for many years. He submitted a paper to the Wolfson Prize proposing how to use gold bonds to avert financial armageddon, retire debt, ensure all creditors are paid in full in […]

An Idea Whose Time Has Come, Report 1 July 2018

“On résiste à l’invasion des armées; on ne résiste pas à l’invasion des idées.” These are the actual words written by Victor Hugo in Histoire d’un Crime (History of a Crime).Translated literally, it means an invasion of armies can be resisted; an invasion of ideas cannot be resisted. However, there are many alternative translations that […]

The Benefits of Issuing Gold Bonds

A gold bond is debt obligation that is denominated in gold, with interest and principal paid in gold. As I will explain below, it’s a way for the issuer to pay off its debt in full, and there are other advantages. Sometimes, I find that it’s helpful to show a picture of what I’m talking […]

The Wealth Effect, Report 24 Jun 2018

Last week, we discussed Social Security, a Ponzi scheme that is inevitably approaching its default. That leads us to another point in our broader discussion of capital destruction. Let’s illustrate with an example. The Fraudulent Promise Suppose Eric works for wages. He is 50 years old. His house is paid off, he has no student […]

Monetary Metals Finances GoldSilver.com at 4%

Retailer of Gold Without Borders™ 24k jewelry saves money with a Monetary Metals lease Scottsdale, Ariz, June 20, 2018—Monetary Metals announces that it has leased gold to GoldSilver™, to support the growth of its line of fine gold jewelry, Gold Without Borders™, at an interest rate of 4.0%. The metal is held in the form […]

GoldSilver Lease #1 (Gold)

Monetary Metals leased gold to GoldSilver™, to support the growth of its line of fine gold jewelry, Gold Without Borders™. The metal is held in the form of jewelry inventory. For more information see Monetary Metals’ press release. Metal: Gold Commencement Date: June 15, 2018 Term: 1 year Lease Rate: 4% gross to GoldSilver   […]

Social Security Deterioration, Report 17 Jun 2018

We have been writing about capital destruction. This week let’s look at an event which is currently making news. Social Security will begin tapping into its trust fund this year. This happens, as the Social Security Board of Trustees states antiseptically, “four years earlier than projected in last year’s report.” In other words, the economy […]

Monetary Metals Raises Second Equity Financing

Scottsdale, Ariz., June 13, 2018—Monetary Metals® announces the close of its second equity capital round, bringing the total raised to $1.5 million. The company has been raising money from individual high net worth investors globally. It will use the proceeds to elevate its profile and continue to hit its milestones. Monetary Metals has a unique […]