Although its depository study bill is a positive step, Tennessee is one of only 10 states that still harshly penalizes citizens through sales taxation.
Mint officials seem to not understand that demand (combined with a failure of supply chains) drives shortages rather than the other way around – although scarcity can certainly stimulate additional buying at the margins.
Like gold, fewer and fewer large copper deposits are being discovered, and the time between discovery and production has lengthened over the years as costs rise.
And what will be the cause of this late year surge to new all-time highs? All of that jawboned, covert and overt Yield Curve Control will drive inflation-adjusted or "real" interest rates to multi-decade lows.
But the new "In Gold We Trust" report does include something by way of explanation. It is a long commentary by the third anonymous participant in the "Friend of Another" series of commentaries that began two decades ago..
The Fed is directly financing the government and monetizing its debt at whatever level the government demands (with almost no restraint on the government’s part for its role).
The Fed is a vampire that sucks the economy’s life blood little by little over decades. But it operates in the dark of night and most effectively when under cover of deflation.
If you could ask the world’s top central bankers what really terrifies them, I think the honest answer would usually be “deflation.” It is their greatest nightmare.
