Showing posts with label devaluation. Show all posts
Showing posts with label devaluation. Show all posts

VIDEO: Government's War On Living Standards

Peter Schiff compares earnings and purchasing power from 1947. 

Jon N. Hall: A Currency As Good As Gold

The custodians of our currency are abusing it.    The nifty thing about a gold-backed currency is: they aren't making any more gold. The alchemists have tried to make the stuff, but have failed. Of course, a currency can be backed by other precious metals, like silver. But the supply of those other metals isn't getting any bigger either.     ... MORE

ViDEO: Harry Browne - The Coming Devaluation

Insightful economic conversation (taped 9-3-70) remains relevant today.
Note Mr. Browne predicts that, "as an act of economic desperation," our government will have to "renege on their promise to foreign governments to pay one ounce of gold for every $35 turned in at the Treasury." On August 15, 1971, the Nixon Administration did so.

REUTERS: Super Committee Is A Super Flop

Debt-reduction efforts will be led by voters in 2012. The failure of a congressional deficit-cutting "super committee" means the tough work of putting the United States' finances on a stable path will likely have to wait until 2013 at the earliest. Barring some unforeseen development, the Republican and Democratic co-chairs of the committee are due to issue a joint  ... MORE

Reality Check: Coming Financial Crisis By The Numbers

30 reasons for major concern. The United States is drowning in a sea of red ink from coast to coast and most Americans have absolutely no idea what is about to happen.  Hopefully you have started to prepare for the coming U.S. financial crisis.  If not, hopefully this article will be a wake up call for you.  Right now, governments all over Europe are on the verge of ... MORE

William Kristol: Fear The FED

FED continues to stack house of cards. A businessman and investor for whose judgment I have the highest regard sends this email about yesterday’s Fed announcement: “It is impossible to overstate the danger posed to the long-term stability of our country by current Fed policy, which has reached what one can only hope is the apogee of misplaced confidence in their ability to    ... MORE