19/June/2008 Tribute paid in oil Hugo Salinas Price So 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 Romans called such an operation “Collection of Tribute from the Conquered”. This is what Mexico is doing; it is exporting precious oil from its oil fields in relentless decline in exchange for – nothing.... more>>

13/August/2007 The meaning of quality in money Hugo Salinas Price 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; its effects are not going to be primarily or principally detectable in the sphere of what is quantifiable…... more>>

25/May/2007 Where's the gold? Hugo Salinas Price 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... more>>

15/May/2007 The silver bridge Hugo Salinas Price The monetization of the silver ounce, by means of the bridge which we have designed – a nominal value which cannot be reduced, but which can be readjusted upward – is a return to simplicity and to reality in the economic field. Its simplicity guarantees that the silver ounces will be in circulation and serving human beings for centuries after the collapse of fictitious money and even after the disappearance of the Central Banks of the world... more>>

28/February/2007 A fairy tale world. Hugo Salinas Price More than half of the world’s Central Bank “reserves” are held by the Central Banks of China, Japan, South Korea and Southeast Asia. These Central Banks ended up with these huge “reserves” because they accepted a means of exchange - which was no more than imaginary money, digits on computer discs - as if it was payment. In other words, they believed a fairy tale, like the one where Jack trades his cow for a handful of colored beans... more>>

17/January/2007 A new service for silver savers in Mexico. Hugo Salinas Price Banco Azteca, which has about 1,000 branches throughout Mexico, is about to launch a new service for those who like to save silver. It is the first bank in Mexico to offer this service; other banks are expected to follow suit, sooner or later. The new service is called “Silver in the Vault”. This service will provide savers with a safe place to store their one ounce silver “Libertad” coins, which Banco Azteca has been selling for some time now... more>>

01/November/2006 The destruction of the Mexican Peso. 1910 - 2006 Hugo Salinas Price In cultural and human terms the use of simulated money has cost Mexico the disintegration of the institutions which have given shape to our nationality. The cultural and human stature of each Mexican has been severely reduced; we have all with no exceptions fallen into an endless race for survival. Simulated money is a merciless master who grants neither peace nor tranquility, and who imperiously and ceaselessly orders: “Work! Work! Work!” One hundred million Mexicans are submissive slaves of the system of simulated money... more>>

07/October/2006 The evaporation of civilization. Hugo Salinas Price Oil energy has overwhelmed almost all institutions in the world. This is a terrifying fact, for a society without institutions is the definition of a barbaric society. A world without enduring institutions which limit and order human life is a barbaric world. Why did oil overwhelm almost all institutions in the world? Why did the Western World dissolve in the boiling pot I have mentioned? Why was it not able to take the heat? The answer is: because the world turned away from Philosophy beginning in the Seventeenth Century... more>>

02/October/2006 A brief explanation of the project to monetize the one ounce silver 'Libertad' coin. Hugo Salinas Price President José López Portillo intended to do this, in 1979; he wished to turn the silver ounce into money for an amount equivalent to its quote by the Banco de México (the Mexican Central Bank) and with that in mind he drew up the corresponding legislation which he proposed and which Congress approved in December 1979. During the space of two years, the population attempted to use this monetized silver coin as money in transactions, but the effort had to be suspended in December of 1981 for the simple reason that the legislation was defective... more>>

26/September/2006 The Mexican Peso and the Roman Denarius. Hugo Salinas Price With regard to silver coinage, Mexico has followed the model established by the Roman Empire 2,000 years ago. The Roman emperors did not have enough cash to pay for the expenses of the Empire. They had to pay the bureaucracy, they had to pay for “bread and circuses” for the rowdy Roman population and importantly, they had to pay the armies that kept the barbarian invaders at bay. Taxes brought in insufficient revenue and there was only one thing they could do – reduce the silver content of the coinage... more>>