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 […]
Money can be any item or confirmable record that is generally accepted as payment for goods. Money is also used for the payment of services and the repayment of debt such as taxes. Money is supposed to be a medium of exchange, a unit of account, a store of value, and sometimes a standard of […]
Gold is a store of value. It holds your purchasing power when paper fiat money does not. Remember in 1971 the US dollar was taken off of the gold standard. Since that time and the “temporary” move, our money is backed by nothing but a promise. It was a promise by the government to pay […]
On March 28, 2022, Rep. Stephen Lynch (MA-08), Chair of the House Committee on Financial Services’ Task Force on Financial Technology, introduced H.R.7231 – The Electronic Currency and Secure Hardware (ECASH) Act. The ECASH Act is co-sponsored by Alma Adams of North Carolina, Ayanna Pressley of Massachusetts, Rashida Tlaib of Michigan, and Jesus Garcia of […]
In 1933, the United States devalued our dollar by approximately 40%. The government redefined our dollar from being backed by about a 1/20th of an ounce of gold to only a 1/35th of an ounce of gold. In 1971 President Richard Nixon devalued the dollar again by completely taking it off the gold standard “temporarily”. […]
The Federal Reserve System is the central bank of the United States. There are many reasons why the Federal Reserve is not a government agency. The US has to borrow money and pay interest and fees on it. A truly sovereign money system does not allow the central bank to sell Treasuries to other parties, […]
The 15th annual Wealth Summit was held last Saturday at the AM870 The Answer Studios in Glendale, CA. Kenneth Russo, Sr VP at Midas Gold Group, was invited as a guest speaker and interviewed by Jennifer Horn and Grant Stinchfield, the hosts of The Morning Answer with Jen and Grant.
The news outlets have been filled with Russia and Ukraine news. Before that, we were inundated with vaccine and lockdown mandates. Inflation has also taken center stage. The Fed explores interest rate hikes as a stop-gap measure. Oil is near seven-year highs and gas at the pump is headed higher with some economists predicting 1970s […]
“The crisis in the Persian Gulf, as grave as it is, also offers a rare opportunity to move toward a historic period of cooperation. Out of these troubled times, our fifth objective — a new world order — can emerge: A new era — freer from the threat of terror, stronger in the pursuit of […]
From a perspective of prices, gold is coming off of a rather boring 2021, with a downward movement in price despite demand for the physical commodity (not the paper contract primarily driving the price) seeing a dramatic surge in demand.
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