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Welcome to the dawning of The New World Order, or as the World Economic Forum would put it, “The Fourth Industrial Revolution”. For those who attempt to keep up with current events, life has been happening hard and fast. Before one story of bad news leaves the news cycle , two or three more stories hit. Just like that proverbial train wreck in slow…
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Terms matter. There is a false understanding as to how gold and silver commodity prices reflect values of current goods and services. Let us see how it is erroneous to simply use commodity prices as reflections of consumer prices in currency terms.https://thebluecollareconomist.com/2014/10/08/the-error-of-pricing-goods-in-gold/…
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Again and again, we hear pundits and talking heads explain how disasters can be good for the economy. If that were true, then Bierut would be the wealthiest place on Earth. We'll learn how destroying capital is never a good thing, no matter how often the Keynesians repeat the mantra.The Blue Collar Economist(www.thebluecollareconomist.com.…
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The 15th and 16th centuries marked a significant change for the Spanish economy. With a huge influx of precious metals from South America gave unparalleled purchasing power to the Spanish aristocracy. China is the undisputed importer of precious metals globally. How does historical Spain compare to modern China?www.thebluecollareconomist.com…
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Why do contemporaries still claim gold has intrinsic value? Let's see how we got here and the proper terms for gold's valuation. Related Articles:The Fallacy of Intrinsic Value: (fee.org/articles/the-fallacy-of-intrinsic-value/)Schiff Was Right and Wrong: (http://thebluecollareconomist.com/2014/03/02/schiff-was-right-and-wrong/)For more check out t…
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Many pundits and talk show hosts make the mistake of simply transferring the commodity prices of gold and silver to actual prices of goods. The Blue Collar Economist will walk you through the reason why doing so is erroneous.Related articles:The Error of Pricing Goods in Gold (http://thebluecollareconomist.com/201...)The Batmobile, Value and Prices…
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