In 1913, Woodrow Wilson and his progressives promised that the Federal Reserve would avert both depressions and inflation, while preventing the wealthy from controlling America’s financial markets at the expense of the poor…
On This Day in 1971, Nixon ‘Temporarily’ Detonates a Money Bomb, Suspends Gold Standard and Turns the Dollar Into Funny Money…
The dollar has lost almost 90% of its value since 1971…
Global Finance vs Global Energy: Who Will Come Out on Top?…
There is more to the current struggle between the oil-consuming west and the oil-producing nations than meets the eye and it runs far deeper than the war in Ukraine…
Greenspan Endorses the Gold Standard…
In his remarkable essay, “Gold and Economic Freedom,” written in 1966, Alan Greenspan stated: Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, […]