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Tag Archives: fiat currency
Dollar’s Demise And Doom Predictions Are “Over Hyped”
Dollar’s Demise And Doom Predictions Are “Over Hyped” A lot of people including Americans have come to the conclusion the dollar is about to collapse. Predictions of the dollar’s demise are likely premature and overblown. Recently a combination of factors has caused people to become concerned about storing their wealth in the dollar. This has […]
Karl Marx’s Road to Hell is Paved with Fake Money
Karl Marx’s Road to Hell is Paved with Fake Money “The way to Hell is paved with good intentions,” remarked Karl Marx in Das Kapital. The devious fellow was bemoaning evil capitalists for having the gall to use their own money for the express purpose of making more money. Marx, a rambling busybody, was habitually wrong. The […]
Today’s Contemplation: Collapse Cometh XI
Today’s Contemplation: Collapse Cometh XI Knossos, Crete (1993) Photo by author Yet another in an increasing collection of comments I have posted to the online media site The Tyee. This time it is a commentary on an article that reviews a book arguing in favour of the implementation of Universal Basic Income. * * * “No […]
It’s time to start thinking about inflation
It’s time to start thinking about inflation In the year 215 AD, the young Roman Emperor Caracalla, then just 27 years of age, decided to ‘fix’ Rome’s perennial inflation problem by minting a brand new coin. Caracalla’s predecessors over the previous several decades had ordered an astonishing debasement of Roman currency; the silver content in […]
Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion
Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion In 2018, the Chinese launched a gold-backed, yuan-denominated oil futures contract. These contracts were priced in yuan, but convertible to gold, raising the prospect that “the rise of the petroyuan could be the death blow for the dollar.” Two weeks ago, The IMF reported that […]
The Problem With Helicopter Money Is That It Is Inefficient
The Problem With Helicopter Money Is That It Is Inefficient The Money Supply Has Exploded The term helicopter money refers to unconventional methods used to get money into the hands of people that will rapidly put it to use. Whether to buy products or pay bills it is often seen as a way to kick […]
Culmination of Fed Interventions Inflates Historic “Everything Bubble”
Culmination of Fed Interventions Inflates Historic “Everything Bubble” via HistoryDaily We reported on last year’s partial deflation of the “everything bubble,” aided in part by the COVID-19 pandemic and erratic response to it. But it could be a bit premature to consider that partial crash a singular event, followed by another period of economic recovery. In fact […]
Federal Reserve & Fake Conspiracies
Federal Reserve & Fake Conspiracies QUESTION: I found your history of the Federal Reserve very insightful which nobody else has put together. Can you explain your comment that the ECB could go bankrupt but not the Fed? Thank you very much. HB ANSWER: Here is a full set of $1 bills with each issued by its respective […]
A World that Operates by Financial Cheating and Unsound Money Is Doomed
A World that Operates by Financial Cheating and Unsound Money Is Doomed It’s all phony money but there’s no revolt yet. Value for ValueMy friend Hugo Salinas Price wrote a short post that I agree with. Please consider A World that Operates by Cheating Is Doomed In ages past, gold and silver provided humanity with a […]
Crazy days for money
Crazy days for money This article anticipates the end of the fiat currency regime and argues why its replacement can only be gold and silver, most likely in the form of fiat money turned into gold substitutes. It explains why the current fashion for cryptocurrencies, led by bitcoin, are unsuited as future mediums of exchange, […]
Historical lessons in prosperity vs. poverty
Historical lessons in prosperity vs. poverty As the grandson of Genghis Khan, Kublai Khan had a lot to prove. So he set his eyes on the biggest prize in the known world at the time: southern China. Kublai Khan completed his conquest of China in 1279, forging a new empire and creating the Yuan dynasty. […]
The U.S. Dollar Could Be Nearing Its “End Game”
The U.S. Dollar Could Be Nearing Its “End Game” From foreign countries trying to dethrone the dollar’s hegemony as global reserve currency, all the way to rising inflation weakening it… the U.S. dollar is in trouble. Pundits like Jim Rickards said (back in 2016): “The dollar won’t lose its reserve currency status overnight” — and he was right. But a new […]
Canada & The Canceling of its Currency
Canada & The Canceling of its Currency QUESTION #1: If Canada is not a dictatorship, how can Trudeau cancel the dollar? How can he do so in secret? RW QUESTION #2: Why can’t Biden follow Trudeau and cancel the dollar? EH ANSWER: The answer lies in the difference in history. Because the paper currency called bills-of-credit back then […]
The Markets in Light of the Chaos
The Markets in Light of the Chaos When we look around the world the final say in every election is always the vote of capital – which is international rather than confined to local politics. Biden has already shut down the pipeline from Alberta which will only be symbolic for whatever substitute will mere be […]
