Stuff I found interesting or amusing and thought I'd share.
- Nebraska ends taxes on gold and silver while outlawing CBDC's in the state.
- Senator Bob Menendez' latest corruption trial this one about gold bar bribes about to begin.
- Culling for Climate. It's always ben a hoax.
Stuff I found interesting or amusing and thought I'd share.
- Paul Rueben gone far too soon. Still haven't bought my Pee Wee Herman biking suit. And on a more serious note.
- Interesting: what countries produce the most precious metals. (HT Newmark's Door)
- Distributors don't see Bud Light ever recovering from Dylan Mulvaney debacle. I've moved on to Coors Light - sorry not sorry.
Without the Gold Rush, industrial economies would have been forced to turn to more sophisticated forms of central banking to keep up with advances in technology, production, and science, just as legal frameworks governing eminent domain, patents, copyrights, bond indentures, and the limited liability of corporations had propelled economic progress. Instead, due to this accidental discovery, banking for the industrial age would be continue to be based on metals found in the ground until the next century.
Makes you think (which is the mark of a great book).
I've heard this same point made before but in terms of Corvettes not the minimum wage. The cost of a new Corvette in 1953 was $3,490 when the price of gold was $39.50 an ounce. So you could buy a new Corvette in 1953 for 88.35 ounces of gold. That same amount of gold today would be worth $165,000 which is more than enough to pay for a new 2022 top of the line Corvette.