40 Years of Fiat Currency – Is Gold as ‘Cheap’ as it was in 1971?
From 1971 the US Dollar was backed by Elvis Presley's Gold Records - All 141 of them! Originally Published on http://greshams-law.com/ Monday was the 40th anniversary of the irredeemable fiat dollar....
View ArticleThe Pound Gets Pounded
Reprinted from LewRockwell.com As the global currency war intensifies, the majority of attention has been paid to the 17% fall of the Japanese yen against the U.S. dollar over the past few months. The...
View ArticleThe Rise and Fall of the Dollar
Reprinted from Mises.org Over the last century America’s money—the dollar—has come to dominate the global monetary system. It is used not just by Americans, but in other countries, in the global black...
View ArticleThe Importance of the Dollar as a Reserve Currency
We use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts. For example, if Canada buys goods from China, it...
View ArticleHyperinflation Is the Necessary, Proper, Patriotic, and Ethical Thing to Do
Hyperinflation is the complete breakdown in the demand for a currency, which means simply that no one wishes to hold it. Everyone wants to get rid of that kind of money as fast as possible. Prices,...
View ArticleBeware of the Central Banking Cartel
The announcement On 31 October 2013, the world’s leading central banks made an important announcement: They said that they would make their “liquidity swap agreements”, which so far had been temporary...
View ArticleCurrency War = Currency Suicide
What the media calls a “currency war”, whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide”. They engage in the fallacious belief that...
View ArticleThe Cost of a Day in London–1971 vs. 2013
My wife and I lived in England from 1971 to 1975, when I was in the Air Force. I was stationed at RAF Upper Heyford, just north of Oxford. We lived in an apartment in Oxford. About three or four times...
View ArticleHas the Fed Met Its Match?
Reprinted from Laissez Faire Today Now, this is sheer entertainment. The Chicago branch of the Federal Reserve has addressed the great monetary question of our day. A researcher has taken a detailed...
View ArticleWorld Reserve Currencies: What Happened During Transition?
Reprinted from EconomicReason.com The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve...
View ArticleWhy Isn’t Monetary Pumping Helping the Economy?
Reprinted from Mises.org Despite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed disappointment with the pace...
View ArticleMonetary One World Order
Reprinted from Casey Research When you mumbled the Pledge of Allegiance in grade school, you likely didn’t think you’d grow up to be taxed to death and a pawn in central-banker economic chess games. If...
View ArticleAll Hail the Tumbling Price of Gas
Reprinted from the Freeman American consumers begin the new year with a beautiful gift: low gas prices. These days, you pay twice or three times as much for fancy bottled water from the convenience...
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