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Could The U.S Be Gearing Up To a Return to the Gold Standard?
Could The U.S Be Gearing Up To a Return to the Gold Standard? There may be readers who weren’t even born when the U.S. still had a gold-backed dollar. Since the gold standard was abolished in 1971, the value of the dollar has decreased annually by 3.96 percent. You would need over $600 today to […]
Paper money eventually returns to its intrinsic value – zero
Paper money eventually returns to its intrinsic value – zero In socialist Venezuela, the price of a cup of coffee has doubled every few weeks. The annual inflation rate could hit 1,000,000 percent by years end. People can no longer afford food, but that’s okay because there isn’t any food to be found. South America’s […]
Hyperinflation Has Destroyed Venezuela
Hyperinflation Has Destroyed Venezuela Has coffee become an unattainable luxury? It is if you live in Venezuela’s capital of Caracas. In July, the price of a cup of coffee was 2 million bolivars. In a country where the minimum wage has been raised to 3 million bolivars, coffee has become as unaffordable as food, housing, […]
The Dark Cloud of Global Debt… The Perfect Storm Looms
The Dark Cloud of Global Debt… The Perfect Storm Looms While everyone is debating the effects of possible trade sanctions on the global economy, few are paying attention to a far more serious issue. Enormous global debt, combined with low-interest rates, have set the stage for a global recession that has the potential for economic […]
Canada has NO Gold but a Mountain of Debt… Things Will End Badly
Canada has NO Gold but a Mountain of Debt… Things Will End Badly While other central banks have been busy increasing their gold reserves, Canada sold off all its gold reserves in 2016. The Bank of Canada ranks last globally out of 100 major central banks. There is precedence in a central bank selling off […]
Oh Canada! Canadians Starting To Feel The Pain of Debt.
Oh Canada! Canadians Starting To Feel The Pain of Debt. Many Canadians are facing the consequences of spiraling debt. The Bank of Canada has increased its key interest rate three times since last summer, prompting some of Canada’s larger banks to raise their prime lending rates. Forty-seven percent of Canadians are feeling the pinch, indicating they […]
The Dollar’s 70-Year Dominance Slowly Coming To An End
The Dollar’s 70-Year Dominance Slowly Coming To An End The US dollar hasn’t been backed by gold since 1971, but that might change soon. Republican Congressman Alex Mooney is proposing that the US once again place value on the dollar by backing it with physical gold. The problem is, the Federal Reserve has been printing […]
The Central Bank Bubble: It Will Be Ugly
The Central Bank Bubble: It Will Be Ugly 21 Mar The global economy has been living through a period of central bank insanity, thanks to a little-understood expansion strategy known as quantitative easing, which has destroyed main-street and benefitted wall street. Central Banks over the last decade simply created credit out of thin air. Snap […]
Peak Gold Has Arrived
Peak Gold Has Arrived Following the recent market crash, investors lost $5.2 trillion worldwide before the market managed to recover most of the losses. There are hints that certain bubbles are ready to burst as the worlds biggest hedge fund positions accordingly. In addition to the stock market, the global gold supply is weakening, leaving […]
The $233 Trillion Dollar Dark Cloud of Global Debt
The $233 Trillion Dollar Dark Cloud of Global Debt Global debt has reached record heights without any signs of relief. While central bankers try to explain away the phenomenon of these out-of-control numbers, it’s not much of a mystery. Immediate consumption with the promise of repayment sometime in the future has consequences. Global debt is […]
Debt on Track to Destroy The American Middle Class
Debt on Track to Destroy The American Middle Class Economists report the household debt to be at its highest in decades. Yet, at the same time, we are being told that the economy is doing great. Does anyone see a serious contradiction? In fact, the current economy only favors the wealthy owing to their flourishing […]
