4:51p ET Monday, December 15, 2025
Dear Friend of GATA and Gold:
In his essay published today, titled simply "Truth," Myrmikan Capital's Dan Oliver reflects on the civilization-destroying consequences of infinite money, consequences that go far beyond mere inflation of currencies.
Oliver writes: "It not by accident that the Keynesian capture of money and credit in the 1960s has resulted in the collapse of Christianity and a coarsening of the culture to a degree unknown since the later Roman Empire. Today at least 14% of internet searches are for pornography; only 35% of Americans think it is morally wrong to have a child outside wedlock.
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"The drug holocaust that began in the cities when Great Society programs penalized Blacks for working has spread to working-class whites, who are penalized for saving. Of the 7 million men aged 25-54 who are no longer working, nearly half take pain medication (two-thirds of whom admit to taking prescription pain medication daily). Drugs are the ultimate expression of current consumption at the expense of capital improvement."
Fortunately, it seems, most of the consequences of infinite money have already arrived, and gold, whose return as money is hastening, may banish them. Unfortunately they're not likely to be banished without much more painful turmoil.
Oliver's essay is posted at Myrmikan's internet site here:
https://www.myrmikan.com/pub/Myrmikan_Research_2025_12_15.pdf [3]
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [4]
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