“Financing expenditure” is a myth. All actions in the Present have effects in the Present. If a nation decides to live beyond its means, the result is not delayed into the future by “financing”. That nation becomes poorer in the here and now

Banco Azteca, with over 800 branches in Mexico, informs us that it will apply a new policy to the purchase and sale of silver “Libertad” ounces, in response to the restriction on supply of silver “Libertad” coins applied last week by the Bank of Mexico

We can quite correctly say that the US and the Eurozone – and other countries whose currencies are considered “reserve currencies” – are “paying” for their oil imports with nothing at all

The “Libertad” silver ounce coin, once monetized to circulate permanently alongside paper money and banking digits, is a coin of quality and its merit does not reside in the sphere of quantity

CB and IMF reported share of world gold stocks has fallen from 50.34% in 1966 to 18.2% today; however, careful studies estimate undisclosed Central Bank loans of gold of up to 15,000 tonnes, which the borrowers (“bullion banks”) sold to private individuals