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5 Best Books on Sound Money in 2025
January 22nd, 2025
with GYS sound
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5 Best Books on Sound Money in 2025
The “soundness” in sound money refers to its validity and reliability, much like a sound argument in logic. Coincidentally (pun intended), sound money made of gold or silver also has unique sounds to them when struck - which makes them fairly easy to test for their validity, and consequently their reliability.
In Article 1, Section 10, of the US Constitution, sound money was specified when it said, “No state shall… make any Thing but gold and silver Coin a Tender in Payment of Debts.”
According to Mike Maharrey, precious metals Journalist & Market Analyst at Money Metals, and National Communications Director of the Tenth Amendment Center:
“Over and over again, the founding fathers warned us about paper money. George Washington warned paper money would 'ruin commerce – oppress the honest, and open a door to every species of fraud and injustice.' Today we've abandoned sound money - gold and silver - and we got exactly what Washington predicted. Thomas Paine may have summed it up best, ‘Money is Money, and Paper is Paper. – All the invention of man cannot make them otherwise.’”
The fight for the US’ return to Constitutionally sound money has been championed most specifically by Money Metals’ Sound Money Defense League, which has helped eliminate taxes on precious metals -- gold and silver -- in over a dozen states within the past few years.
According to Jp Cortez, Executive Director of the Sound Money Defense League:
"Sound money, gold and silver, protects a country's money and citizenry from currency debasement and high inflation, while actively restraining the government from overspending. Gold and silver provide constraints on governments that have proven they will otherwise get too large or overspend if given the opportunity."
To help learn more about sound money, and ways you can escape the dangers of fiat dollars, here are my top 5 recommended books on gold and silver sound money in no particular order:
Good As Gold: How to Unleash the Power of Sound Money Judy Shelton Independent Institute Sound Money Defense League Money Metals Exchange
1 - Good As Gold: How to Unleash the Power of Sound Money
“Good As Gold, by Judy Shelton, provides a comprehensive overview of gold sound money and practical measures that governments can take to reimplement a form of gold standard.
From financial crises, to pandemic price-spikes, to recurring cycles of inflation, everyone agrees: the economy has seen better days.
Judy Shelton—Senior Fellow at Independent Institute, former Chairman of the National Endowment for Democracy, an economic advisor to Donald Trump, and critically acclaimed monetary economist—has written a book with answers.”
The Great Silver Bull Crush Inflation and Profit as the dollar dies Peter Krauth Sound Money Defense League Money Metals Exchange
2 - The Great Silver Bull: Crush Inflation and Profit as the Dollar Dies
The Great Silver Bull, by Peter Krauth, is an exceptional exploration of silver sound money.
“Silver is your chance to survive and thrive in the next crisis. Silver is a proven inflation hedge and a crucial industrial metal for solar panels, electric vehicles, electronics, and medicine. As the world shifts to green energy, silver demand will soar. Supply will not be able to keep pace.
This book is the essential guide to profiting from silver's generational opportunity. Whether you are a novice or professional, this book will help you learn silver's role throughout history and how it is uniquely positioned to benefit from inflation and the green revolution.
You will also learn the secret indicator for rising silver, how silver's bull market will outperform stocks and bonds, Krauth's shocking silver price target, what makes an ideal silver portfolio, and importantly, when to sell your silver.
Krauth explores the full investment spectrum, from coins to junior exploration stocks. You'll learn the SILVER M.A.P. System, a framework that shows you how to build and manage your ideal silver portfolio. This book could mean a world of difference for your future. It might help you sidestep hardship.
Even better, it may be your way to profit from events most do not see coming.”
What has government done to our money Murray Rothbard Sound Money Defense League Money Metals Exchange
3 - What Has Government Done to Our Money?
What Has Government Done to Our Money, by Murray Rothbard, is widely considered one of the most influential books on sound money in the modern age.
“Rothbard boils down the Austrian theory to its essentials. The book also made huge theoretical advances. Rothbard was the first to prove that the government, and only the government, can destroy money on a mass scale, and he showed exactly how they go about this dirty deed. But just as importantly, it is beautifully written. He tells a thrilling story because he loves the subject so much.
Rothbard shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it. He shows how exchange rates and interest rates would work in a truly free market.”
Silver Manifesto David Morgan Chris Marchese Sound Money Defense League Money Metals Exchange
4 - Silver Manifesto
Silver Manifesto, by David Morgan and Chris Marchese, is a treatise on a very underappreciated asset class, notably silver.
“During a time when the global economy is in turmoil and more importantly all the major currencies, silver (and gold) are the ultimate safe havens although most in the Western world fail to realize this.
Even most Americans don't know the U.S. was founded on a silver standard. A fiat monetary system is unviable and led to over 60 instances of hyperinflation in the 20th century.
This treatise covers all aspects of silver, including a monetary history, both worldwide and in the United States. The fundamentals of silver (supply and demand) are examined in detail, including the fact silver is the best conductor of heat and electricity, making it vital to our civilization, especially in technology. There is a high probability that precious metals will once again play an important role in monetary systems around the world.”
Rigged Exposing the largest financial fraud in history Stuart Englert Sound Money Defense League Money Metals Exchange
5 - Rigged: Exposing the Largest Financial Fraud in History
Rigged: Exposing the Largest Financial Fraud in History, by Stuart Englert, provides key insights into market manipulation, collusion, and dollar deception on a grand scale.
“The largest financial fraud in history is not the colossal accounting crimes of Enron, Bernie Madoff's record-setting Ponzi scheme, or the infamous Libor scandal, where some of the world's largest banks profited by manipulating interest rates.
The biggest fraud in history is a covert financial scheme orchestrated by the U.S. government and its banking accomplices. For over a century, these entities have used coercion, deception, and market manipulation to perpetuate the myth that the U.S. dollar is as good as gold and silver.”
Joshua D. Glawson
About the Author
Joshua D. Glawson
Joshua D. Glawson is Content Manager for Money Metals Exchange and is writer on such topics as politics, economics, philosophy, finance, and personal development. He has a Bachelor's in Political Science from the University of California Irvine.
https://www.moneymetals.com/news/2025/01/22/5-best-books-on-sound-money-in-2025-003775
Those Who Murder the Prophets and the Innocent, Thinking They Will Not Be Judged
with GYS sound
"And some of us who have already begun to break the silence of the night have found that the calling to speak is often a vocation of agony, but we must speak. We must speak with all the humility that is appropriate to our limited vision, but we must speak."
Martin Luther King, A Time to Break the Silence, Riverside Church, 4 April 1967
"It is a dark day in our nation when high-level authorities will seek to use every method to silence dissent. But something is happening, and people are not going to be silenced.
God has a way of standing before the nations with judgement, and it seems that I can hear God saying to America 'You are too arrogant! If you don't change your ways, I will rise up and break the backbone of your power! And I will place it in the hands of a nation that doesn't even know my name. Be still, and know that I am God.'"
Martin Luther King, Why I Am Opposed to the War in Vietnam, Riverside Church, 30 April 1967
"Wherever you are going this morning, my friends, show the world that you're going with truth. You are going with justice, you are going with goodness, and you will have an eternal companionship.
And the world will look at you and they won't understand you, for your fiery furnace will be around you, but you'll go on anyhow.
But if not, I will not bow, and God grant that we will never bow, before the gods of evil."
Martin Luther King, But If Not, Ebenezer Baptist Church, 5 November 1967
“Now the problem is not only unemployment. Do you know that most of the poor people in our country are working every day? And they are making wages so low that they cannot begin to function in the mainstream of the economic life of our nation. These are facts which must be seen, and it is criminal to have people working on a full-time basis and a full-time job getting part-time income...
If America does not use her vast resources of wealth to end poverty and make it possible for all of God’s children to have the basic necessities of life, she too will go to hell.”
Martin Luther King, 18 March 1968
"We've got some difficult days ahead. But it really doesn't matter with me now, because I've been to the mountaintop. And I don't mind. Like anybody, I would like to live a long life — longevity has its place.
But I'm not concerned about that now. I just want to do God's will. And He's allowed me to go up to the mountain. And I've looked over, and I've seen the Promised Land. I may not get there with you. But I want you to know tonight, that we, as a people, will get to the promised land.
So I'm happy, tonight. I'm not worried about anything, I'm not fearing any man. Mine eyes have seen the glory of the coming of the Lord."
Martin Luther King, 3 April 1968
The next day, 4 April 1968, Dr. Martin Luther King, Jr. was murdered in Memphis, Tennessee, exactly one year to the day after his sermon, A Time To Break the Silence.
The sermons given at Riverside Church in April 1967 began his year long march towards the mountain top, and his murder in Memphis in April of the following year. He was a threat to the moneyed interests, the political establishment, and the captains of industry.
And, some might observe, the message had also been given to the elite in the deaths of John F Kennedy, Robert F. Kennedy, and UN Secretary-General Dag Hammarskjöld, all of whom favored negotiations over armed conflict, and wanted peace rather than endless war.
As it was then, so it is now.
The suppression of speech and the stifling of dissent in the media and the schools has freedom in a deadly grip of money, secrecy, lawlessness, and power.
Hypocrites, their cursed hands dripping with the blood of wars of aggression and crimes against humanity, thinking that they will not be judged.
"Many of us like to ask ourselves, 'What would I do if I was alive during slavery? Or the Jim Crow South? Or apartheid? What would I do if my country was committing genocide?' The answer is, you're doing it. Right now."
Aaron Bushnell
"They live out their days in prosperity, and slide peacefully down into hell."
Job 21:13
Are we not exceptional? Are we not a beacon of freedom to the world?
Are you not sufficiently distracted and entertained?
https://jessescrossroadscafe.blogspot.com/
China’s Jaw-Dropping Move Before Trump’s Inauguration – Here’s What Happens Next
Jan 19, 2025
China has made a move that could bring the U.S. economy and stock market to their knees. Here’s why this is more dangerous than it seems.
Have a wonderful evening ☺️
YPF case: Argentina ordered to reveal location of Central Bank gold Judge Preska called for information on the country’s coffers, which the government has contended is ‘confidential’
JANUARY 15, 2025
New York Judge Loretta Preska has ordered Argentina to hand over information on the Central Bank’s gold reserves per a request filed by hedge fund Burford Capital in October. The discovery order is the latest in the saga of a US$16.1 billion lawsuit it won against the country in 2023 for the expropriation of energy company YPF.
Argentina’s assets are being probed for potential seizure by the Southern District Court of New York to partly pay for the lawsuit. In a letter to Judge Preska, Burford quoted newspaper articles from last July reporting that Economy Minister Luis Caputo confirmed that the Central Bank had moved some of its gold overseas, which certain media outlets claimed would be used for a repo. The government did not provide further information on the matter.
Last week, Argentina wrote a letter to Preska arguing that the Central Bank and the Republic are legally separate entities, meaning that the gold reserves do not belong to the government and their details are confidential. The country, represented by the Sullivan & Cromwell law firm, also said that the Central Bank’s reserves “enjoy special protection from execution under [United States’ Foreign Sovereign Immunities Act] and UK law.”
In her order, Preska countered that “regardless of whether the gold reserves are held by [the Central Bank], the Republic shall produce its own documents concerning the reserves.”
The judge further demanded information on government accounts held in the country and overseas, as well as evidence from a separate lawsuit in order to “trace the Republic’s assets.”
On the one hand, Preska argued that Argentina should hand over SWIFT data on its accounts overseas instead of the account summaries it has already provided. She described them as “inadequate substitutes, given they do not identify the counterparty’s specific banking institutions making or receiving payments.”
On the other, the judge called for documents produced in the lawsuit the Bahamas-based Bainbridge Fund won against Argentina in 2023 for US$95 million of debt securities defaulted in 2001. Preska said the evidence could “lead to other executable assets.”
Argentina argued that the data would not lead to assets it could hand over in this case, but Preska argued that Burford was “entitled to request the information” regardless.
“The Republic does not get to just assert that such information ‘could not possibly lead to executable assets,’” Preska wrote. “The Court notes that it has likely taken more time and money to argue about producing these documents than to make the production.”
A spokesperson for the Treasury’s Prosecution Office declined to comment on the defense’s next steps.
https://buenosairesherald.com/economics/ypf-case-argentina-ordered-to-reveal-location-of-central-bank-gold
LFTV' panelists agree that the world has figured out U.S. market rigging
Submitted by admin on Sat, 2025-01-18 09:12 Section: Daily Dispatches
9:10a ET Saturday, January 18, 2025
Dear Friend of GATA and Gold:
Kinesis Money's "Live from the Vault" program with London metals trader Andrew Maguire is an excellent discussion with metals market experts Andy Schectman, Craig Hemke, and Robert Kientz about the prospects for the monetary metals in the new year.
The participants agree that the rest of the world has caught on to the market rigging and commodity price suppression implemented with derivatives by the U.S. government and is preparing for a new international financial system in which gold and silver are liberated and the dollar subjugated.
The program is 72 minutes long and can be viewed at YouTube here:
🚨 Massive Bombshell Drops on Trump – What They’re Not Telling You!
Saturday night edition
comments:
Congress shouldn't be allowed to borrow money.
Who told these idiot politicians they could spend money we don't have and stick an IOU
in the cookie jar.
Absolutely! These drunken sailors need more than just a debt ceiling to stop this insane borrowing! We need a law with automatic controls to limit spending.
Send half the government employees home who aren’t doing anything anyway
Politicians keep using the debt ceiling to waste money
They've been crying that the sky is falling about the federal debt for my entire lifetime. I stopped paying any attention at all about 50 years ago like all intelligent people have.
They need to set thresholds that make automatic cuts when the threshold is hit. Including no pay raises and pay cuts for the sitting house and congress.
Simple:Do you trust the government to spend wisely and lawfully? If not (and why the eff would you?), then removing the debt ceiling makes no sense.
Unlimited spending, no debt ceiling, will collapse the economy much much quicker. It will be Christmas every day if no spending restrictions
We need a debt ceiling, the deficit needs to be reeled in. Enough is enough on spending!!
Trump admin will be right on it, but first more Hunter Biden investigations
Have a Wonderful evening ☺️
Profit from Mining Stock Shorts…Burn ‘em or Become ‘em? Experts Weigh In 0:00 Intro
“We m*rdered the shorts,” Rick Rule boasts and tells how in this MSE compilation episode. Listen to Rick and numerous past MSE guests, dating back to 2018, offer expert strategies regarding how they approach the idea of shorting junior mining stocks.
1:31 Should the uptick rule be reinstated?
11:13 Ideal junior mining short squeeze set up
16:26 Never short high-quality deposits
24:17 How to hedge a mining stock portfolio without shorting
Value of 50 biggest mining companies drops by $126 billion
Frik Els | January 15, 2025
The world’s 50 biggest miners are now worth $1.35 trillion after losing a combined $126 billion over the course of 2024 as the copper rally faded and gold stocks once again underperformed bullion.
At the end of 2024, the MINING.COM TOP 50* ranking of the world’s most valuable miners had a combined market capitalization of $1.28 trillion, down $126 billion for the year after a dismal final quarter when even gold firms succumbed to overall bearish sentiment.
The total stock market valuation of the world’s biggest mining companies declined by 9% or a combined $126.2 billion over the course of 2024.
A promising Q3, when the index touched its second highest level on record, quickly turned sour and only eight constituents made gains over the final three months of the year.
The Top 50 is now trading a stomach churning $480 billion below the peak hit in the second quarter of 2022, when the entire mining complex was riding high from uranium and nickel to copper and gold.
Much of the blame for the drift lower can be laid at the door of mining’s traditional champions.
continues here
https://www.mining.com/value-of-50-biggest-mining-companies-drops-by-126-billion/
Free Hamburgers Tomorrow
Tomorrow’s Shocking News Will Rock the World – The Biggest Story of the Year!
Tomorrow’s bombshell news will send ripples across the world—and for consumers and investors, it’s far from the news they were hoping for.
Comments:
Brazil Potash Corp. (NYSE-A:GRO) https://brazilpotash.com/
Amazing how the market is about to crash every day, yet Steve always has a stock to suggest that is about to pop 😂
Inflation is legal counterfeiting. Counterfeiting is criminal inflation.
Thank God for our daily WTF.
Where was the crash that was supposed to happen today!!
Look back at his history. He hasn’t ever made a bullish video. They’re all bearish the last three years.
This 🤡 reminds me of a local hamburger joint that had a sign up "free hamburgers tomorrow"
Do we have to wait for some kind of apocalypse
or are mining stocks just going to sit there and Bleed !
Watch Before Monday: What's Coming Next Week Will Shock the World – Don’t Say We Didn’t Warn You!
Wall Street’s Lobby Firm Hired Eugene Scalia of Gibson Dunn to Sue the Fed for Jamie Dimon
with GYS sound
By Pam Martens and Russ Martens: December 31, 2024 ~
The Bank Policy Institute calls itself “a nonpartisan public policy, research and advocacy group…” In fact, it’s a registered lobbyist for the megabanks on Wall Street. The Chairman of its Board of Directors is Jamie Dimon, the Chair and CEO of JPMorgan Chase, the largest bank in the United States. The rest of its Board consists exclusively of the top executives of large banks, including Goldman Sachs, Citigroup, Bank of America and Wells Fargo.
So when the Bank Policy Institute decides to sue the Fed, one of the key regulators of the Wall Street megabanks, you can be certain that Jamie Dimon has a dog in this fight. (Plaintiffs in the lawsuit against the Fed, which was filed on Christmas Eve, include other bank-funded groups as well.)
Dimon sits atop not just the largest bank in the U.S. but also the bank designated as the riskiest bank in the U.S. by its regulators. And despite its unprecedented criminal history, the U.S. Department of Justice continues to nonchalantly toss it deferred-prosecution agreements for its criminal acts.
Dimon is the only Wall Street megabank CEO to have remained in that post since the financial crisis of 2008 – notwithstanding his bank losing $6.2 billion gambling with depositors’ money in derivatives in London; despite five felony counts to which it admitted guilt; despite over $40 billion in fines and restitution for looting the public and rigging trading; despite years of providing banking services to two of the most notorious criminals of this century – Bernie Madoff and Jeffrey Epstein – and despite endless bailouts from the Federal Reserve to prop it up.
According to media reports, this past January the Bank Policy Institute hired Eugene Scalia of the Big Law firm Gibson, Dunn & Crutcher to push back against the Fed’s plan for higher capital levels at the megabanks. JPMorgan Chase, in particular, was slated for a large capital increase and Jamie Dimon was not at all happy about that.
Dimon is most likely opposed to the rule change because higher capital requirements could restrict the bank’s ability to prop up its share price with multi-billion-dollar stock buybacks each year, increase its dividend to appease its shareholders that this multi-felon bank is on the right course and to lavish multi-million dollar bonuses on Dimon.
Scalia is the son of the late Supreme Court Justice Antonin Scalia, who didn’t see anything wrong with accepting lots of free vacations from private interests while he sat on the high court. Eugene Scalia is also the lawyer who previously wielded a hatchet to gut key elements of the Dodd-Frank financial reform legislation of 2010. That legislation was intended to rein in the reckless risk-taking of the Wall Street megabanks that had produced the worst economic collapse in 2008 since the Great Depression of the 1930s. Mother Jones News Editor, Patrick Caldwell, wrote the following about Eugene Scalia in 2014:
“Ambrose Bierce once quipped that a lawyer is one skilled in the circumvention of the law. By that definition, Eugene Scalia is a lawyer of extraordinary skill. In less than five years, the 50-year-old son of Supreme Court Justice Antonin Scalia has become a one-man scourge to the reformers who won a hard-fought battle to pass the 2010 Dodd-Frank Act to rein in the out-of-control financial sector. So far, he’s prevailed in three of the six suits he’s filed against the law, single-handedly slowing its rollout to a snail’s pace. As of May, a little more than half of the nearly four-year-old law’s rules had been finalized and another 25 percent hadn’t even been drafted. Much of that breathing room for Wall Street is thanks to Scalia, who has deployed a hyperliteral, almost absurdist series of procedural challenges to unnerve the bureaucrats charged with giving the legislation teeth.
“Scalia has ‘created this sense that we’re paralyzed, because if we write a rule we’re just going to be reversed,’ says Lisa Donner, executive director of the watchdog group Americans for Financial Reform. The threat of more suits, she says, has ‘cast a real chill’ over Wall Street regulators, particularly at the Securities and Exchange Commission (SEC).”
The battle between Dimon and the Fed officially began on July 27, 2023 when the Federal Reserve, FDIC and Office of the Comptroller of the Currency (OCC) – JPMorgan Chase’s bank regulators — released a proposal to require higher capital levels at banks with $100 billion or more in assets. The proposed capital rule is formally known as the Basel III (or Basel Endgame) rule.
The three federal bank regulators provided a very generous public comment period of 120 days on the proposal. The large banks had to only begin transitioning to the new rules on July 1, 2025, with full compliance not due for a ridiculously long five years – on July 1, 2028.
Whatever Scalia was doing behind the scenes appears to have worked out well for Dimon. We know that federal banking regulators had originally planned to increase JPMorgan Chase’s capital requirement by 25 percent because Dimon stated that fact in his April letter to shareholders, writing that if the capital rules proposed by the FDIC, Office of the Comptroller of the Currency and the Federal Reserve are implemented, they “would increase our firm’s required capital by 25%.”
But instead of 25 percent, when the Fed released its new capital requirements for the megabanks on August 28, the Fed raised JPMorgan Chase’s capital requirement by just 7.89 percent from the 2023 level, taking it from a total capital requirement of 11.4 in 2023 to just 12.3 in 2024. Had the 25 percent increase been imposed, JPMorgan Chase’s capital requirement would have totaled 14.25.
The U.S. Treasury’s Office of Financial Research, which was created under the Dodd-Frank financial reform legislation of 2010 to provide federal regulators with up-to-date research on threats to financial stability, has created a “Bank Systemic Risk Monitor” that provides an overall score to show the systemic risk a particular bank represents to U.S. financial stability. JPMorgan Chase’s score for last year was 857, which is 23 percent higher than the next riskiest bank on the list, Citigroup, which has a systemic risk score of 697. (Citigroup is the bank that blew itself up in the financial crash of 2008 and received over $2.5 trillion in secret revolving loans from the Fed from December 2007 through July of 2010 according to the eventual audit released by the Government Accountability Office.)
Equally noteworthy, JPMorgan Chase’s score is twice that of Deutsche Bank USA (DB USA), which has a systemic risk score of 422. And yet, when the Fed released its capital increases on August 28, it raised Deutsche Bank USA’s capital requirement from 13.8 in 2023 to 18.4 currently – an increase of a whopping 33 percent versus an increase of 7.89 percent for JPMorgan Chase.
So if Dimon got everything he wanted with the help of Scalia, why is the Bank Policy Institute, of which Dimon serves as Chairman, moving ahead with a lawsuit against the Fed?
According to Senator Elizabeth Warren at a Senate Banking hearing on March 7 with Fed Chairman Jerome Powell, it was Powell that led the efforts inside the Fed to weaken the capital rule after getting pressure from the megabanks. Warren told Powell this:
“You are the leader of the Fed and when the heat was on last year, you talked a lot about getting tougher on the banks. But now the giant banks are unhappy about that and you’ve gone weak-kneed on this. The American people need a leader at the Fed who has the courage to stand up to these banks and protect our financial system.”
Dimon’s and Scalia’s strategy may be to send a permanent message to the other federal banking regulators and any future Fed Chair that you might find your agency hauled into federal court by a Big Law firm if you don’t do the bidding of the Wall Street megabanks. Scalia is one of the lawyers representing multiple plaintiffs in the newly filed lawsuit.
What is particularly outrageous about all this is that a similar bank front group called the Clearing House Association had the audacity to battle in court – all the way to the U.S. Supreme Court (which declined to hear the case) — to prevent the Fed from releasing the names of the megabanks and the trillions of dollars in emergency revolving loans these banks had received from the Fed for two and a half years following the banks blowing up Wall Street and the U.S. economy from 2008 to 2010. The megabanks were “owners” of the Clearing House Association according to its legal filing and it brazenly demanded secrecy from the courts on this unprecedented money spigot from the Fed to the banks. It failed in that effort.
Now these same banks want us to believe that their mission in filing this lawsuit is to force “transparency” from the Fed to enhance the public interest.
The new court filing by the Bank Policy Institute states that “The Clearing House Association [is] one of the Bank Policy Institute’s predecessors….”
https://wallstreetonparade.com/2024/12/wall-streets-lobby-firm-hired-eugene-scalia-of-gibson-dunn-to-sue-the-fed-for-jamie-dimon/