Gold Editorials & Commentary

Since my first writing about a world wide financial collapse, the world has witnessed the bankruptcies of Korea, of two Japanese banks, and the fourth largest Japanese securities company.

Since 1993 the financial markets have displayed unprecedented "IRRATIONAL EXUBERANCE" - as the Fed Chair

Back in 1966 when he was still a member of his mentor's (Ayn Rand's) Court, Greenspan penned an essay entitled, "Gold and Economic Freedom," which explained the staying power of gold.

Greenspan's Thorn -

To understand the world financial situation is to understand the difference between reality and illusions of reality. It is to understand that the basis of all financial failures is the inability to pay debt. Debt is repaid from income or profits.

Financial Tsunami Looming in Land of Setting Sun

PART - VII

The present turmoil in the Asian Markets reveals the first significant cracks in the post-Bretten Woods international monetary system.

Here are some interesting snapshots to show the "RAMPING" of share prices taking place. This has been done consistently since Wednesday, with the worst of it being done on Wednesday morning.

(*) novus ordo seclorum: meaining "new world or secular order"

appears on the back of US One Dollar Bills

on the eve of the Hallowed Eve...October 30, 1997

Introduction -

Honorable and most polite american economist George Cole call it "Bond Madness," but where sun is born we call it "CHINESE MONEY." Many 1000s YEARS CHINESE HISTORY prove paper money soon lose all value.

Summary, update from the early 97 study:

"Money is coined liberty" -- dostoevsky