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Amongst the bars I purchased from the late Melbourne Jeweller Peter Davis where these mid 19th Century 10 Lang Annam (Vietnamese) Minh Meng Nén Bac Silver Ingots. They're undoubtedly the oldest bullion I've ever owned. They XRF tested at .917-.920 & weigh around 380g (so basically 10oz fine...

Even I have to admit the whole concept of "Social Capital" sounds more than a little "Woke" (did I use that right?) I think I would prefer something like "Interpersonal Standard of Living" or something.... Social capital makes it seem like it is something that can be measured similarly to GDP &...

You nailed it!! To be honest, I'd never thought about the U.S. Financial System working in the same way but it does, albeit with less obvious division. Warren Mosler may have been right when everything was denominated in USD but now with unilateral trade that bypasses the USD, isn't it more...

Related (albeit very narrowly)...at least in China they are kind enough to denominate their domestic currency with one unit; the Renminbi which is used for day to day finance by Chinese citizens & an International Currency; the Yuan which is the unit most of us are familiar with and is their...

Let me preface the following with this: Everything I have, I have made myself, due to circumstances beyond my control, I got the sum total of $0 from my parents & grandparents estates. I have so many different points of view based on the various perspectives I have held at various times in my...

I'm going to apologise now in case I offend anyone with the following... Isn't that exactly what made china the powerhouse it became... Lack of over-regulation & a populace that did what they were told? This is where the West shot itself in the foot (or maybe they didn't!?!). Removing...

@heartastack I have been trying to tell people exactly that for years!!! 19th Century was Pax Britannica, 20th Century was the US Petro-dollar & for the 21st Century.... eyes should look east, both near & far, as well as to the great, populace and as yet largely unproductive continent of Africa...

Surely MMT can co-exist with a free market philosophy....i.e. letting weak companies fail/separating the wheat from the chaff etc can't it? Why does a Government that embraces MMT need to become involved in market movements if the impact on their monetary supply is negligible?

Australian Sovereigns stopped being minted 100 years ago but the UK has been minting them on & off since the late 50's from memory & before that since sometime like the 15th Century but every year in recent years. In Europe & the UK they are the number 1 go to for a Gold Bullion coin. You can...

Same... I remember when you could buy the old "silver toilet rolls" of 1980's & 1990's Lib's on here for spot plus $10oz TOPS!! When exactly did they become hen's teeth!?!

The point being though; MMT & Stimulus/Bailouts etc are not in any way related. MMT is more like an "after the fact" explanation for the way the monetary system evolved after the suspension of convertibility. Have I got that right?

Yes actually, I had not considered $100oz today being substantially less than $100oz in 1980's dollars... Good point. I'll have some of whatever Jerome is smoking!!

In 1983, $100per/oz was a very real possibility. A little optimistic perhaps but the guy writing is a bullion dealer, it's in his best interest to "see" silver prices "going to the moon"! That some amazing provenance for your bar you've got there @Bullion NetWork