The U.S. dollar has been the world’s reserve currency since World War II.
In March, China (and then Russia) openly attacked the greenback, calling for the dollar to be replaced as the world’s reserve currency. This call by China is particularly disturbing since China holds more U.S. debt than any other country—about $1.3 trillion—and the further [...]
Entries Tagged as ‘Gold & Silver Coin’
October 18, 2009
The Dollar’s Demise
October 4, 2009
Buying Gold Kills the FED & NWO.
Benjamin Fulford writes in both Japanese and English on political and economic issues. He’s an intelligent man. Still, it’s sometimes hard to tell if Mr. Fulford has the gift of prophecy or is simply a “loose cannon”. Mr. Fulford has recently written a couple of commentaries that predict the Federal Reserve could cease to exist [...]
July 26, 2009
The Undefined Dollar, Part II
Take a paper $50 bill in your left hand and a one-ounce “Gold Eagle” in your right hand. Both are defined in law as legal tender. Both are defined as being worth $50 dollars. But it currently takes about twenty of the paper “FIFTY DOLLAR” bills to purchase one “50 DOLLAR” gold coin.
So, again, [...]
July 13, 2009
The Undefined Dollar
If you pick up a paper $50 bill in your left hand, you’ll see a picture of President Grant in the center and text along the bottom of the bill that reads, “FIFTY DOLLARS”. If you also pick up a recently-minted one-ounce “Gold Eagle” in your right hand, you’ll see an inscription on the coin [...]
June 14, 2009
Numbers without substance
The “U.S. National Debt Clock” (http://www.brilling.com/debt_clock) reports that as of today (June 12th) the “Outstanding Public Debt” was about $11.4 trillion. When divided by the U.S. population, this works out to $37,000 for every American man, woman, and child. Given that the U.S. per capita income is about $39,000 per year, the previous national debt [...]
April 19, 2009
Legal Tender Treason
Article 3 Section 3 Clause 1 of The Constitution of the United States declares in part,
“Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort.”
Surprisingly, to understand the meaning of “treason” we must first understand the meaning of the [...]
March 8, 2009
“Global Systemic Geopolitical Dislocation”?
“GEAB” is a European think-tank that’s followed the U.S. and global economic crises for some time, and offered analyses that are credible and, so far, accurate. On February 24th, GEAB published “Global Systemic Geopolitical Dislocation” which, of course, inspired my comments:
February 15, 2009
The First Electronic Bank Run
U.S. Representative Paul Kanjorski, (Dem. Penn.) was recently interviewed on Washington Journal (see, http://brasschecktv.com/page/559.html ). An irate woman called in to the program and complained bitterly that her utility costs were too high; she couldn’t afford to feed her family; and that she didn’t even make $10 an hour, but she made too much to [...]
February 10, 2009
Moral Bankruptcy Causes Economic Collapse
When a nation’s monetary system is based on mere promises to pay (paper and digital debt instruments) rather than payments (actual production; gold and silver coin), irrational consequences and a virtual “insanity” inevitably follow.
February 1, 2009
Riding the Hyperinflationary Tiger
Zimbabwe will introduce a Z$100-trillion note, in its latest attempt to keep pace with hyperinflation that has left its once-vibrant economy in tatters. The new $100 000 000 000 000 bill would have been worth about US$300 last Thursday, but the value of the local currency erodes dramatically every day. Just last week, the bank [...]
