Harris & Ewing Zines March 1940 National Press Club Building newssstand, Washington, D.C. Stoneleigh: Given the fervour over gold, and the fact that our view of it differs from that of many other commentators, it seems fitting to review our position on gold ownership. Firstly, the goldbugs are right that physical gold is real money (unlike paper gold, which is just another Ponzi scheme). It has held its value for thousands of years and will continue to do so over
Read More...George N. Barnard Old Dixie’s Down1864 A passel of Yankees in repose at federal picket post near Atlanta, Georgia Stoneleigh: A recent article by Gary North, entitled Pushing on a String, has ignited another round in the inflation/deflation debate. Our readers at The Automatic Earth have repeatedly asked us for comment. The topic still remains a confusing one for many. To shine some light, let’s use Mr North’s words against him, shall we? My first impression on reading “Pushing on
Read More...Alfred Palmer American Dream February 1942 Firestone Rubber, Akron, Ohio. Conversion of beverage containers to aviation oxygen cylinders. After shatterproof oxygen cylinders for high altitude flying have passed all tests in the metal division of a large Eastern rubber factory, hot air is blown through the cylinders to remove all trace of moisture. The cylinders are then sealed and stacked for painting Stoneleigh: Since it is the major world conundrum with the shortest timescale, I usually focus on finance here,
Read More...National Photo Co Six Inches of Relativity June 30, 1922 Washington policeman Bill Norton measuring the distance between knee and suit at the Tidal Basin bathing beach after Col. Sherrell, Superintendent of Public Buildings and Grounds, issued an order that suits not be over six inches above the knee Stoneleigh: People often ask us which currency they should hold and whether or not we think the US dollar is about to plummet, so I thought it would be a good
Read More...Russell Lee Tobaccy Candy 1940 Pool hall, Shasta County, California Ilargi: The revolving doors between Washington and Wall Street are swinging like never before. Lawrence Summers and Robert Rubin are the finance powerhouses in the upcoming Obama administration. They were in the exact same place 10 years ago. This time, they bring along a protégé in Tim Geithner, who will be the fall guy if all goes wrong. And they know it will go wrong; they’ve seen it before. They’re
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