Fiat Currency

NY Fed Launches Digital Dollar Pilot Program

How many billion disappeared with the FTX crypto currency disaster? There was a famous FTX Super Bowl commercial last February that said Fortune favors the bold. Maybe it should have been Have you ever seen tens of billions of crypto assets disappear overnight? How can something digital represent wealth preservation? It doesn’t folks; it’s just […]

There Are Many Reasons to Have a Gold IRA

In 1971 the US dollar was taken off the Gold Standard. The fiat currency experiment is now 51 years old and dying. Fiat currency by definition is money that has indirect market value or is given legal tender status by government fiat. Money here in the United States is called Federal Reserve Notes. Our money […]

Gold Is More Relevant than Ever

Turn on the television or read a newspaper. It is a sickening repetitive message to buy the dip in the stock market. It is a constant promotion to stay in the fiat banking system and all of the paper investment products out there. The fact of the matter is that things have changed. The buy-the-dip […]

Reckless Money Creation Is the Main Reason Many People Own Gold

Many reasons are given for wealth preservation through physical gold. We have talked at length about inflation, government debt, and a bubble in stock and bond markets. The mother of all bubbles has now been inflated to obscene levels because of abnormally low interest rates for an extended period, even negative rates in some instances, […]

Governments have Nationalized (Stolen) Retirement Accounts

We have talked about the debt here in America many times. Do you know the last US President to decrease the national debt while in office? Calvin Coolidge was the last President to decrease the national debt while in office in 1929. President Reagan took office in the early 80s and the national debt stood […]

The Inevitable Demise of the Paper Dollar

Since the consumer price index was first used in 1919 as a key measure of inflation, it has been modified at least 18 times. Many argue that the goods measured are not representative of the true increase in living costs. Recently President Joe Biden announced that inflation dropped to zero percent despite double-digit annual increases […]

The Digital Dollar is Right Around the Corner

Executive Order 14067 was signed on March 9, 2022. It was the 83rd executive order signed by President Joe Biden since he was in office. The total number of executive orders signed by President Biden far easily exceeds the total by Trump, Obama, or Bush. Executive Order 14067 is officially titled Ensuring Responsible Development of […]

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